Market exchange rate as of

6/27/2017 11:11pm Eastern Time

64.56

30 Day Trend

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.

Institution	Per $	Fees and Comments
Axis Bank 1-855-205-5577	63.86	Get upto 25 paisa extra on your 1st transaction 0 fees Fixed exchange rates Send money to any bank in India Track your remittances anywhere & anytime For assistance, nri.services@axisbank.com, 1-855-205-5577 (toll-free)
ICICI Bank 1-866-424-2448	63.81	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	64.10	$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
Moneydart 1-866-372-3874	64.00	Online portal, Money2anywhere.com, has $0 fees for above $1000 transactions and $3 fees for below $1000. Promotion code EE72FE02BC 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.)
Remit2India 1-888-736-4886	63.77	$0 fees for transfer above $1001 Option to choose guaranteed or indicative rate Transfer takes 4 days* for ACH and 1 day* for wire transfer Method of receiving in India is bank deposit Per transaction limit is $50000 Money on Referral Instant status tracking Email: info@remit2india.com
RemitLite 1-855-346-5820	64.45	Maximum transfer amount is $10000 Transfer can be done through ACH and Wire Beneficiary can receive funds through bank account credit Simple and Clutter-Free Website, with a seamless transacting experience Handy FAQs, for all possible queries Get in touch with us at service@remitlite.com
Remitly 1-888-REMITLY	64.59	$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 1-877-443-1399	64.14	$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 1-212-521-3284	63.95	$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.
TRANSFAST 1-888-973-6383	64.15	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 1-877-989-3268	63.76	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
Xoom 1-877-815-1531	63.77	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

Use the "exchange rate trend" chart provided by Reserve Bank Of India for judging "Should I wait for a few days to transfer money to India?"

For historical data on Indian Rupee to US Dollar exchange rates, visit "The Financial Forecast Center" at http://www.forecasts.org/data/data/EXINUS.htm

The Center also provides forecast on the movement of Indian Rupee relative to US dollar at http://www.forecasts.org/exchange-rate/india-rupee-exchange-rate.htm

The market exchange rate for a US dollar to Indian rupee shown in the ticker above is adapted from Yahoo Finance site.

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Showing 998 comments

XOOM is a big big cheater

Submitted by Alankar on Fri, 08/12/2016 - 23:28.

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

Submitted by Manickavel Ganesan on Mon, 09/12/2016 - 02:04.

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.

Really??

Submitted by MJ on Sat, 08/27/2016 - 13:12.

This may happen with initial/first transaction with any transfer site, if this has happenned on 3rd or 4th transaction then there is surely a concern. I have used 4 hour transfer seemlessly however for that you have to do the transfer during India banking hours.

Although I agree that XOOM gives you less rate but let's do the math, e.g. XOOM's rate is almost always less by .25 paise so if you are transffering $1000[ most common] then you will get just Rs. 250 less in Indian account which for me is totally justified when you consider that other's take 2-5 days!!

So it's upto indiavidual if they want fast service and pay for it or they want Bank/institute to enjoy their money for 4 days and get Rs 250 more.

thanks,

XOOM

Submitted by Gangadhar on Wed, 08/24/2016 - 16:25.

That case happens Sometimes in any of the third party transfer sites. But I have very good experience with XOOM. Though if offers less rate compared to other ones, it does transfer in 4 hrs. Believe it or not, most of my transactions done till date happened in few mins. And again, from BankofAmerica itself. Hope you won't face this in future.

Banking Charges - Foreign Currency Cheque

Submitted by Prakash on Thu, 07/07/2016 - 08:58.

Which bank charges low for foreign currency cheque for SB Current account

Western Union

Submitted by Satya on Thu, 06/23/2016 - 10:40.

Western Unnion is offereing fast money transfer within 1 business day through money transfer using debit card. It is also offering good exchange rates when compared to other compnaies. The customer service is so good and they gave response to all my questions.

Referal Reward

Submitted by Manickavel Ganesan on Tue, 08/30/2016 - 07:17.

I agree your point and I am suggesting Western Union to my friends. But they will not give the referal reward when you refer your friend to western Union. They try to cheat us. But Zoom is very Honest in that matter.

Thanks a million....

Submitted by Kunal Behra on Thu, 05/26/2016 - 08:09.

"I've been using RemitLite for quite a while now and every time I sent money it always gets there on time and my relatives back home don't have a hard time picking up the money. I just love the service. I've tried western union but I’m not satisfied with their service....they give my relatives a hard time claiming the money that's been sent to them and they ask for extra fee even though I already paid for the fee of sending it here in U.S. Keep up the good work and RemitLite is number one. Thanks a million....

It seems Remitlite guys

Submitted by Pulkit on Sun, 06/19/2016 - 14:52.

It seems Remitlite guys are writing biased reviews. I have been Remitlite customer. They have no custome service at all. They just promise you to call back, when you leqave an email to their system and if you miss the call, you have to send an email again. Also, they won't disclose $17.99 fee, which is steepest in market. It shows only on approval page. Its a kind of gimmick.

Thanks

Submitted by Deepayan on Fri, 08/19/2016 - 23:40.

Thanks a lot for letting us know. I was about to transfer the money & i thought of checking the reveiews beforehand & found your comment. Once again thanks

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