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

Western Union is best

I have been using western union since long. this is the best money transfer across all the other.

Western Union Charging $3 per transaction if more than $900

Now a days Western Union charging $3 per transaction if total money value is more than $900.  Also observed two different exchange value.  why this sudden change and what is the logic behind this.  Is it advantage or disadvantage?  Though they charge $3 per transation, exchange rate is same as current $ rate. better than the previous one, but charging $3.

Western Union Transaction Fee

Yes - you're right. I too have noticed that lately.. Like you said, their conversion rate is a bit more than what they used to give before. So, I guess it is still a better option if you xfer more $ amount. If you're xfering just around 1000$ per transaction, then $3 fee not worth it.

Good Service. A First time User Opinion

I used remitly for first time a week back. I am also like one of you and wish to send money to India through these kinds of websites that offers best rate, better customer service in case of any issues & commitment to timely deposit as per their promise.

With the first user experience, I noticed

1. It offered best rate on the day I wished to sent.

2. Money got transferred even 1hour before the time they promised and it was an economy transfer. ( I was really skeptical initially about whether they stand by their promise time )

It seems to be good and I would definitely will use the service further.

Exchange rates in HDFC and ICICI

hi can you please let me know the USD to INR exchange rates for ICICI and HDFC. Want to go the better one.




Varghese K.

Ria moeny transfer is best in exchange rate & time for transfer

Using Ria money transfer from almost a year. If we use ACH transfer (from Bank account) it will take 5-6 hours for transfer to be completed. This will happen from 3rd or 4th transfer and their after. Very good and competitive rates and easy to transfer. As a satisfied customer recommend this service.


This time Ria took more time than commited

Usually through ACH transfer money will be in a day based on NEFT working hour's.

However this time transferred on 9th, amount deducted in Source account on 11th but as promised on 15th amount will be in Destination account ,no

Amount deposited in Destination account. Maximum time exceeded and ria failed this time.

Not good experience with Ria money transfer

They usually transfer money within a day , but last few times they delayed by week . As it was very urgent need for me . Ria failed to deliver in a day.

XOOM is a big big cheater

My friend need money in urgent basis so i choose because as per XOOM advertize that they credit you money in 4 working hr but when I make a transfer they say we does not take 1-4 business day in case  we are not associated with that financial institution so I have cancelled  my transaction and Intiated a new transaction with Bank Of America and this time too they have send the same email that they will verify that in 1-4 business day I am totally stuck :( . Please do not use xoom at all.

You would have trasferred with Bank account

Did you made the transfer with your bank account?  Most of the money exchange do the same and it takes for 4 days.  The fastest way is to be with debit card.  it wil take in few min with Zoom and 4 hrs with western Union.  That also depends, working day till transction time in india.

But Zoom will transfer with in few min.



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