Connecting Businesses with Opportunities in India
Connecting Businesses with Opportunities in India

ENTRY INDIA - An India Business & Travel Guide

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.

 ₹ Per $ 
Fee Time Comments




2.00 2 Days
  • Remittance Service Charge of $2.00 (inclusive of service tax @10.30%) for amounts of $1000 or below
  • Fixed exchange rates
  • ACH mechanism of transfer into any ICICI Bank Remittance card or into any resident Visa Debit Card account issued in India
  • Money deposited into any ICICI bank account with over 2,500 branches in India OR into bank accounts with over 100 banks in India
  • Other Delivery Mechanisms: Demand Draft, Cash

IndusInd Bank

+91- 22- 4406 6666


0.00 3 - 5 Days
  • $0 fees to transfer to any Bank in India
  • Exchange rates are guaranteed, locked-in
  • Regular users of IndusFastRemit are automatically upgraded to faster payments
  • Bank uses ACH mechanism to transfer funds
  • It takes 3-4 days before the money is available in the Indian account
  • Other Delivey Mechanisms: By Direct Depost to any IndiusInd Bank account and by Cheque




3.00 2 - 3 Days
  •, has $0 fees for above $1000 transactions and $3 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.)




2.99 6 Days
  • Transfer Fee as low as USD 2.99
  • Pay Modes: (a) ACH Transfer (Direct Debit) (b) Wire Transfer (Guaranteed Rate Transfer)
  • Simple and Clutter-Free Website, with a seamless transacting experience
  • Handy FAQs, for all possible queries
  • Get in touch with us at




1.99 4 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 business days to transfer from your Bank account
  • Deposits can be made to all the major banks in India
  • 100% Money-Back Guarantee
  • 24/7 Customer Support

Ria Money Transfer



0.00 3 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

State Bank of India



0.00 4 - 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.




0.00 3 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

Western Union



10.00 3 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




4.99 1 - 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

Currency Exchange

I am travelling to India early December 2016 .

1. Can I exchange my old  500 & 1000 Rupees at the Indira Gandhi International Airport ? My parents were from India and I am a Malaysian

2. Can I exhange Ringgit Malaysia to Indian Rupees at the Indira Gandhi International Airport ?

3. What time does the money Exchange counter operates at the Indira Gandhi International Airport ?




-I booked on transaction with rate of 1USD=66.95INR on 11.9.2016 morning @ 7.50 am, received confirmation email.

-Afternoon 1.15pm on same day received mail saying that because of system error we are cancelling your transaction. that time rate was dropped to 


-I called customer care asking the reason about cancelling, was not having any answer but lady told me to go ahead and book fresh transaction of same amout and she will give me the same rate which was given for morning transaction 1USD=66.95. I did what she told me, but received email showing lower rate (1USD=65.95INR)

-I emailed this to TRANSFAST security team and ask for clarification, he clearly denied for any such possbility of changing rate over call, WTF!!!

-Again I called customer care on 11.10.2016 morning 7.25 am, he was saying same thing that we cant give you the orginal rate (1USD=66.95 INR)

anybody in intreseted to see all the details please reply with your email ID I will share. And request you to not trust TRASFAST for sending money to INDIA.

Internal Process Error


We are very sorry for your recent experience from 11/9, we experienced an internal error with our processng system which affected several transaction details. Before we faced the risk of incorrectly transferring the funds, we were forced to cancel these transactions. We apologize for any inconvenience you may have experienced as we take all these matters very seriously. We issued a fix right away and this solution was put in place to make sure errors like this cannot happen again. 


Your Transfast Team 


It's poor customer service just tell customer SORRY, I request all people NOT to use youe srvices. Seems like a FRAUD.


1000rs Ban impact ??

Will the 1000rs and 500rs ban in india impact the dollar rate exchange ?

Best Rate by Remitly

Remitly is giving the best rate among all remittance service providers for new customers and for existing customers as well. I transfered through remitly and i got money on time. I prefer remitly.

Best Rate and Service by Remitly

I totally agree with Ashok, I also joind Remitly and did lot of transaction and they have best rates and on time... compare to all other service providers.(ICICI, Axis, SBI, ....etc) I will recomend all of my friends to use Remitly.

Money exchange best service

XOOM is good enoungh when you want to send money quickly but at lowest rate always.

Remilty is excellent but only when you are not in hurry.Always rate of exchange is max with 0 fee when money transfer amount is below 2900.

Remily is all good go with this if you want max money.

Never go For Remitly

Remitly  take time to transfer . They don't have correct as well . Rate shown here will differ to the website rate . It is only good when your the new user , your not in hurry to transfer .

$3 Extra

I am not happy the way western Union have charging 3 dollar extra per transaction more than 900 dollar,

I am one of the customer who always sending more than 900 dollar only thru western union, now you re making me to think to continue or not?

If you need to keep your loyal customer, please try to remove this transaction fee but i am very happy with the service of western Union




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