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ENTRY INDIA - An India Business & Travel Guide



Market exchange rate as of
4 Minutes ago



Comparison of Dollar to Rupee Exchange Rates

The Indian Rupee is the official currency of India.

Non-Resident Indians (NRIs) remitted nearly $79 billion to India in 2018. 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 online money transfer service? How long will it take before the money reaches the destination? Am I getting the best exchange rates for USD to INR? Should I wait for a few days to transfer money to India to get a better rate? Where can I compare the exchange rates by various banks? What is USD to INR forecast?

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 for sending money to India are for online money 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

71.48

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

70.81

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

71.30

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

71.35

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

71.34

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

71.91

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

70.38

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

71.15

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

71.45

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..

1-888-908-3833

71.27

Fixed
9.082 hours
  • Fast, Secure and Transparent money transfer with No hidden fees
  • Transfer fee Calculation: USD 1.13 + 0.6% of the transfer amount upto USD 135,000 and 0.5% for over USD 135,000
  • 5 million customers, processing USD 4 billion in transactions every month and customers saving USD 1 billion every month
  • TransferWise is now (in the year 2019) the most valuable fintech start-up in Europe.
  • 24x7 customer support


Learn more..

1-877-989-3268

71.20

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

71.23

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

Best Bank Service for IT Outsourcing Business in India

Hey, I have recently started the IT outsourcing business in India. What will be the best serivice in India to get the best exchange rate. Currently I have an proprietery account in SBI. I just found this site and realized that SBI is charging foreign conversion charges on every remittance. also 

  • Min remittance amount in a single transaction is $50 and mx $250.

While I dont see above in AXIS Bank. Does it mean AXIS bank is better compare to SBI. That too in AXIS bank if we opt ACH transfetr it will be fixed exchange rate. What is ACH fixed exchange rate for AXIS BAnk.Please advise if I need to change the bank.Thanks,

     
Best Bank Service for IT Outsourcing Business in India

Hello Merry,

I have the same question that you have previously, I'm also running a Call Center and now im facing same problem. Its long you post this question I Think now you can help me with this same problem. Can you please tell which bank give good exchange rate with low charges with ACH transfer?

 

Thanks in advance.

     
with Remitlite really best deal

Remitlite has the best exchange rates and good fees I have seen for both personal and business transfers. I have already saved so much money by using Remitlite, and I have never had any problems with them. Remitlite's customer care feedback  really well.

     
Transfast promotionals are fake

Their promotional rates are fake. Their Modus Operandi is to fall in the trap of their promotional rate, money is deposited with a lesser exchange rate. They then ask you to do another transfer saying that we shall adjust the difference in the next transfer. They would commit all this verbally and refrain from sending an email to honor their commitments. I felt cheated and would strongly suggest to avoid Transfast for remittance.

     
Transfast is awful.

I completely agree more with Mohta. Leave alone the promotional rate. I tried doing the transfer for the first time a couple of weeks ago, its yet to be honoured. They asked me to enter my login details and password from the bank where the money would be taken out. They are using some service provided by YODLEE. I verified on internet and found that YODLEE is an external agency which actually helps banks transfer funds. They know everthing about your bank accounts, but thats not the point; I entered the required login details, and I got a message which said that that I will receive an email regarding the confirmation of the two small deposits that they would make in my account. Neither the test amount was deposited and no email from them. They are nothing but deceivers. Don't fall into the trap. They should rather close the service.

     
Transfer money to India: Excellent insights by Transfast's CEO

Mr. Samish Kumar, CEO, Transfast shares excellent insights about sending money to India and of Money Remittance industry in this article.

     
Just Transferred

I am waiting to test it real time just transferred money. Will see how many days it will tak time to remit.

     
Save money while sending or converting

How To Transfer Money Internationally with $0 fee. I will share the cheapest method or the best hack. Conclusion came with experience of trying almost every service provider in the market available. My research says Transferwise is giving maximum for 1st time and with live lock in exchange price. You can transfer fee free value upto $4500 or 3000 or 4000 euro.

 

     
Western union

Greetings,

 

What the rate you are showing and what in the website is totally different for western union.

 

Please sync.

     
Trans fast is worst.

Trans fast is worst.  guys please dont trust trasfat too..

everytime they are giving some promotion which worng always

2 time i have cancel  my trasaction by calling cust care due to promotion never applied. 

they will always give promotin and when you transfer they wornt give. and at least lower than others rate.

 

     

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