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Market exchange rate as of
36 Minutes ago



Comparison of Dollar to Rupee Exchange Rates

The Indian Rupee is the official currency of India.

Non-Resident Indians (NRIs) remitted nearly $70 billion to India last year. But even so, most NRIs wonder if they are using the right service provider for sending money to India. Is it safe to use this service? How long will it take before the money reaches the destination? Am I getting competitive exchange rates? Should I wait for a few days to transfer money to India to get a better rate?

To answer these questions, we have prepared a table of financial institutions that send money to India as shown below. Exchange Rates vary by the transaction amount and the method of transfer. The rates and fee shown to send money to India are for online transfer of under $1000 from USA.

Scroll past the rate table to see the Exchange Rate Discussion Board.

Institution
 ₹ Per $ 
Type
Fee Time Comments


Learn more..

1-855-205-5577

73.66

Fixed
0.005 Days
  • Get upto 30 paisa extra on your First transaction
  • Best Exchange rates
  • 0 fees
  • Fixed exchange rates
  • Safe & Secure
  • Track the status of your remittances
  • For assistance, write to us at remitmoney@remit.in
  • Hassle free process


Learn more..

1-866-424-2448

72.55

Fixed
0.004 Indian banking hours (Express) or 5 business days (E-transfer)
  • ZERO service charge on transfer above $1000
  • Fixed Exchange Rates
  • ACH mechanism of fund transfer to all ICICI Bank account and credits into 100+ Bank accounts in India via NEFT and IMPS clearing
  • Email/ SMS alerts on fund transfer status
  • Anytime, anywhere access through Money2India App
  • Standing Instructions facility with Higher Fund Transfer Limits


Learn more..

+91- 22- 4406 6666

72.95

Fixed
0.003 - 5 Days
  • $0 Fee to transfer any amount
  • Fixed exchange rates
  • Transfer money to any bank in India
  • Ongoing Promotion: First transaction of over $500 will get you $10 amzon gift card for online shopping


Learn more..

1-866-808-2703

73.13

Fixed
0.002 - 3 Days
  • Money2anywhere.com has $0 fees for above $1000 transactions and $1.99 fees for below $1000.
  • Guaranteed Exchange Rate
  • Bank Transfer (ACH mechanism) takes 24-48 hrs for transfer
  • Unlimited amount for bank deposit or draft delivery at home
  • Bank draft delivery at home takes 3 days only
  • Xpress Money option delivers cash at agent locations immediately (Rs. 50,000 max.)


Learn more..

1-888-736-4886

73.27

Indicative
5.002 Days
  • Free $25 Amazon voucher on first transaction   
  • Zero fees for transfer above $999
  • Option to choose guaranteed or indicative rate
  • Transfer takes 4 days* for ACH and 1 day* for wire transfer
  • No upper limit on transaction
  • Method of receiving in India is bank deposit
  • Get Rs. 1000 with every referral, who registers and transacts
  • For assistance, mail at info@remit2india.com or call toll free at 1-888-736-4886


Learn more..

1-888-REMITLY

73.68

Fixed
0.004 Indian banking hours (Express) or 3 business days (Economy)
  • $0 fee for transfer over $1000. Fee of $1.99 for transfers below $1000.
  • Guaranteed Exchange Rate
  • Take 3 to 5 business days to transfer from your Bank account
  • Take 4 hours (India banking hours) if money is transfered using Debit Card
  • Deposits can be made to all the major banks in India
  • 100% Money-Back Guarantee
  • 24/7 Customer Support


Learn more..

1-877-443-1399

73.11

Fixed
0.003 Days
  • $0 transfer fee via debit card
  • Great exchange rates
  • Deposit to almost any bank in India within 24 hours
  • Cash pick-up available
  • 100% Money-Back Guarantee
  • More than 230,000 Worldwide Agent Locations in more than 130 Countries


Learn more..

1-212-521-3284

72.85

Indicative
0.004 - 5 Days
  • $0 fee for online transfer to SBI Banks and fee of Rs. 6 for online transfer of amount less than $500 to any other bank
  • Foreign Currency Conversion charges of Rs.250/- levied on every remittance.
  • Service tax of .14% or Rs. 35 (whichever is higher) for amounts upto Rs. 100,000 received in India
  • 2 days for transfer to account in SBI bank and 4-5 days to accounts in other banks
  • Min remittance amount in a single transaction is $50
  • Max remittance of $10,000 in a single transaction to account in SBI and of $5000 in account with any other bank
  • Other Transfer modes: Instant transfer, SWIFT/Wire transfer, Draft Cashier's Cheques and Foreign currency cheques.
     


Learn more..

1-888-973-6383

73.00

Fixed
0.003 Days
  • Highest Locked-In Exchange Rate Guarantee
  • Instant Bank Deposits to Bank Across India
  • Cash PickUp to Over 20,000 Location Across India
  • No fee for transfers over $1,000
  • Minimum amount to send $50, Maximum amount $2,950
  • 24/7 Customer Service and Live Web Chat
  • Accept ACH & Credit Card for payment
  • Remittance can also be made in person at their agent location


Learn more..

1-877-989-3268

72.92

Fixed
10.003 Days
  • The rate shown is for the city of Edison in New Jersey, USA. The exchange rate differs depending on the location of transfer (over 47000 locations in US)
  • Rate given at the location of transfer is Guaranteed
  • Money in 3 business days: Fees of $10
  • Best option in case of emergency, money received with-in mins
  • Send money by visiting agent location or online direct bank transfer/credit/debit card
  • Receive money by direct credit to bank account (including NRE/NRO) or cash pick up at a western union agent location


Learn more..

1-877-815-1531

72.17

Fixed
4.991 - 4 Hours
  • Fee of $4.99 if paid with a US Bank account and fee of $29.99 if paid with Debit/Credit card. This fee is based on $1000 transfer.
  • Guaranteed Exchange Rate
  • Bank deposits within 24 Hours to most bank accounts in India
  • Other modes of delivery in India: Cash Pickup by recipients, Cash Delivery

Discussion Board

I want to send money to

I want to send money to India: Which BANK shall I use ? Please recommend.

I send money to India very often but its almost everytime that the exchanage rate used to convert dollar to rupee in India is less than the exchange rate posted on the day of transfer. And almost everytime it takes 4-5 business days eventhough the dollars have been debited from my account on day 1.

     
If you have SBI account you

If you have SBI account you can could register on https://remit.onlinesbi.com/ and they will provide you instructions to wire transfer to a local bank in US(local wire transfer) and the money would be in your SBI account in a day. Good rate & safe bet I guess....

     
Sending Money to India - Use SBI

SBI takes about 5-6 days and has indicative exchange rate.. Money gets deposited on 6th working day approximately. The rate is applied on the day money is deposited but the dollars are withdrawn from the back on 2nd or 3rd day!! Like every bank, SBI is also sitting on your money but it charges minimum.

I think, it is wise to go by big banks only. XOOM has a limitation of 2500 dollars. R2I is hopeless, BOI is OK.. HDFC charges are high. Citi Bank- forget it. Axis bank, I have heard complaints and will not try. My friend tried Axis Bank and they never responded back. He turned to XOOM, which on any day gives you much much lower rate but the confirmed rate.

     
Exchange Rate less than promised

I have the same experience. Did you find a good answer for your question?

     
Sending moery to india

I am using IndusInd Bank and am happy with thier rates & service.

     
regarding Indusland

Yes,

 I agree, the rates are good.

     
regarding XOOM

Same day transfer to India, you can transfer using your credit card also, which will be considered as purchase and not cash withdrawl.Over 1000 $ - its free(account transfer)Using Credit card - 9$

Please click on the below link, you will get 25 $ gift card too.
Have you tried Xoom for money transfers? If you try it out, we both earn a $25 gift card!  They have lower fees and you can send money right from your computer or mobile.

     
Money transfer

I love Money dart..They are excellent in customer service. 

www.money2anywhere.com

     
Moneydart

Worst service.

     

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