Connecting Businesses with Opportunities in India
Connecting Businesses with Opportunities in India
63.75

Market exchange rate as of
12 Minutes ago
64.15
30 Day Trend

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


Axis Bank

1-855-205-5577

63.96

Fixed
0.00 5 Days
  • Get upto 25 paisa extra on your remittance to any Axis Bank Account*
  • Transfer money to 150 banks in India
  • 0 Processing Fee Fixed exchange rates
  • Conveniently schedule your payments with recurring payment facility for ACH Transfers
  • Get an exciting gift on your first remittance
  • Track your remittances anywhere & anytime
  • For assistance contact nri.services@axisbank.com or call (1-855-205-5577) Toll-free


ICICI Bank

1-866-424-2448

63.52

Fixed
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

63.70

Fixed
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


Moneydart

1-866-372-3874

63.63

Fixed
3.00 2 - 3 Days
  • Money2anywhere.com, 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.)


Remit2India

1-888-736-4886

63.42

Indicative
5.00 2 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


RemitLite

1-855-346-5820

64.10

Indicative
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 service@remitlite.com


Remitly

1-888-REMITLY

64.12

Fixed
1.99 3 Days
  • $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

63.77

Fixed
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

1-212-521-3284

63.57

Indicative
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.
     


TRANSFAST

1-888-973-6383

63.75

Fixed
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

1-877-989-3268

63.81

Fixed
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


Xoom

1-877-815-1531

63.20

Fixed
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

Fake post from KvBm

This is fake post from KvBm. Never trust the name start from Remit.

I had a good experience with them. Worst customer service . 

My experience are they did not transfer money in time for my 

Dad hospital. They took 60 days. Because of them I lost my dad.

As promised they did not send money in time. They promise they won't do anything.

Be careful .

 

 

 

 

     
Really happy with remitlite services

RemitLite is a most secure money transfer site to date. RemitLite is the most cost efficient and fastest money transfer system I have used.  and as well RemitLite is the cheapest, most convenient,reliable and fastest way to send money..no standing in line like other places to send money . yes in emergency I can do it from office and the comfort of my home on my computer. I have sent money many times with RemitLite and it has always been available immediately and never a problem for the receiver...I would recommend RemitLite to anyone who needs to send money with trust on Remitlite.

     
Try Placid - Best Money Transfer Service

I have done lot of research on money transfer services and tried almost all available services including Xoom, Transferwise. As per my experience, I found Placid Express best for money transfer to India and other asian countries. It gives highest exchange range for every transaction. There is no transfer fee if you transfer from Bank to Bank account. They have weekly limit of $2400, but I think that is fine for most of us. If anybody interested, they can try it https://www.placid.net.

 

     
Very good service

These guys have been around for awhile but their online service is fairly new. They are not licensed in all states and the transfer limit is somewhat low. Good exchange rates and they seem to know what they are doing. 

     
I am hearing it for the

I am hearing it for the first time.

     
Money transfer using Placid express

Hey,

I ve just did a money transfer with Placid Express. They are awesome!

They always provide better exchange rate from others.

     
OXIGEN USA IS FRAUD

I just filed for a Dispute with my Bank since Oxigen charged my account and not transferred the money!

     
Oxigen has not sent money even after 25 days!

I wrote earlier also and i am still waiting for Oxigen to complete my Money Transfer, or refund my money in the US. They are not doing either...they seem to not know where the money is.

Pathetic...cheaters they are!

     
IndusInd Bank

I have the worst experience with Indusind bank.   Their registration asked for driver's licence which I provided.  Then they asked for copy of the passport, I provided. They approved me to send the money.  I tried to send the money, their web site had a problem where you enter the amount.  I contacted them which was difficult they told me not to add period at the end.   I tried to send the money a few hours later.  I found out that I had been blocked.  I called them again, they told me that they need a proof of my being NRI.  My USA passport clearly shows the place of birth as pakistan which was India during my birth year.   It seeemed to me that  they are completely ignorant of good business practices. At this point I called the whole thing off.

 

Mohan Kapani

     
trustable service & time consuming services by remitlite

I have used RemitLite many times now and so far I really like it. When we send money to my ICICI Bank account in India the money gets there in less than a Time What we think, and I don't have to pay fees if I send over $1,000. I was a little skeptical the first time I used this service especially when it was so easy and the transaction happened so fast. I've used it a second time and is very happy and impressed with the service. Plan on using it more in the future. I think RemitLite is great, very fast and convenient service provider . without any problem RemitLite is best online money transfer to india .

     

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