Send Money To India

Personal
Business
From
United States Flag
United States
USD
To
India Flag
India
INR
1 USD equals
83.087 INR
Updated on September 21, 2023
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Wise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to India

      How To Step Icon
      Step 1
      Review, Compare, Choose, Register
      Review, Compare, Choose, Register
      Review, compare, and choose from the best money transfer companies that send money to India.
      Sign up for a personal or business account.
      Provide details from an ID proof such as your driver's license or passport.
      How To Step Icon
      Step 2
      Currency Conversion and Initiating Your Transfer
      Currency Conversion and Initiating Your Transfer
      Check historical INR rates and ensure that you are okay with the existing exchange rate.
      Enter the amount you wish to send.
      Provide the recipient's bank account details to begin the process of sending money to India.
      How To Step Icon
      Step 3
      The Transfer Process
      The Transfer Process
      Lock the exchange rate offered by the service provider you select when transferring money to India.
      Send funds to the service provider.
      Give the company time to transfer the money to the recipient's bank account.
      Review the transfer's progress through updates or notifications.

      What You Will Need to Send Money to India

      Details of your ID documents verifying your identity such as your driver's license or passport.  You will need to provide your bank account or credit/debit card details depending on how you wish to pay for your transer. Your service provider will also need the recipient's bank account details.

       

      Ways to Receive Money in India

      When sending money to India, the recipient may receive the money transfer in different ways.

      • Bank Account
      • Cash Pick-Up
      • Mobile Top-Up
      • Bill Payment

       

      Bank Account

      Receiving money directly into an Indian bank account is usually the most cost-effective method. The turnaround time may vary depending on the payment method, the service provider you select, and the receiving bank. Some of the top banks in the country that allow their customers to receive money from overseas include State Bank of India, ICICI Bank, HDFC Bank, and HSBC Bank India.

      What you need to send money to an Indian bank account.

      You will need the recipient’s name, bank account number, bank name and IFSC or SWIFT code.

      • There is no uniformity in Indian bank account numbers, and they may vary in length - from 9 to 18 digits.
      • IFSC is an 11-digit alphanumeric code used to identify specific bank branches that carry out electronic monetary transactions. Example - HSBC0400002 is the IFSC for HSBC Bank's main branch in Mumbai.
      • A SWIFT code is used when transferring money between banks, especially for international wire transfers. Example - SBININBB519 is the SWIFT code for State Bank of India, IIT Powai, Mumbai.

       

      Cash Pick-Up

      The first thing you need to know about receiving money through cash pick-up centers is that these transfers tend to incur higher fees when compared to bank account transfers. 

      If you wish to send cash to India and get the recipient to collect it in person, you may turn to companies such as Western Union, Ria, or MoneyGram. Given below are addresses of a few cash pick-up locations in India.

      Ria Cash Pick-Up Locations in India 

      Delhi:

      Pramod Communication, B 108, Ground Floor, Near Kalkaji Park, Off L-Block Road, Kalkaji, New Delhi

      Skynet Computer Solutions K-84, Shop No 3, Krishna Park Extn, Tilak Nagar New Delhi

      Mumbai:

      M/S Sanghvi K.J. Jewellers, Shop No 3, Jitekar Bldg, Sir J.J Road, Mumbai

      Supama Forex Private Limited, A 7, Bharat Nagar, Grant Road, Mumbai
      Western Union Cash Pick-Up Locations in India 

      Delhi:

      S P Securities Ltd, M96, Middle Circle, Connaught Place, New Delhi

      Indraprastha Head Post Office, Bahadurshah Zafar Marg, New Delhi

      Mumbai:

      Bharati Jewellers, Shop No 6, Sukumar Corner, Dawood Baug Lane, J P Road, Mumbai

      Development Credit Bank Ltd, Mohamed Ali Road, M R A Marg, Opp Crawford Market, Mumbai

      What is required for cash pick-up in India

      You will need the recipient’s name and a desired cash pick-up location. The recipient may collect the transferred money by presenting a reference number and an acceptable form of identification document.

       

      Mobile Airtime Top-Up Options

      Recipients in India can receive money from overseas in the form of airtime top-ups on their mobile phones. You may send money to prepaid phone numbers of all the mobile operators in India, which include Airtel, Vodafone Idea, Jio, MTNL, and BSNL. 

       

      Bill Payments

      Companies such as WorldRemit offer bill payment options via international money transfers. This means you, as an expat, can pay your bills as well as your family’s bills in India.

      Pay your gas, water, electricity, television, and other bills.

       

      Gas

      • Adani Gas Ltd.
      • Indraprastha Gas Ltd. (IGL)

      Electricity

      • Brihanmumbai Electric Supply and Transport (BEST)
      • Maharashtra State Electricity Distribution Co Ltd (MSEDCL)

      Television

      • Tata Sky
      • Airtel Digital TV

      Other Bills

      • Bharat Sanchar Nigam Limited (BSNL)
      • Delhi Development Authority (DDA)

      What you need to pay a bill in India when you are outside of India

      To pay a bill to India from outside of the country, you will need the name of the service provider and their account number. If you do not have the exact bill amount, you will need to estimate it.

      FAQs

      Best way to send money to India?

      The best way to send money to India is directly to a recipient's bank account. This is typically the most cost-effective option. If the recipient does not have a bank account, or needs money in a hurry, you may consider sending it in the form of a cash transfer. However, this typically comes at an added cost. Read reviews of the best international money transfer companies that send money to Indian bank accounts include XE, WorldFirst and OFX.

      Which is the best money transfer to India?

      There are many money transfer companies that support India. The best one depends on your specific requirements such as desired transfer speed or acceptable payment methods. Whether you need to send money to a cash pick-up location or a bank account might affect your decision. This also applies if you wish to pay a bill in India from overseas.

      World Remit might be your best bet for paying bills. Some of the leading companies that allow bank account transfers include OFX, XE and WorldFirst. These companies charge low margins on exchange rates, and come with transparent fees.

      Cheapest way to send money to India?

      The cheapest way to send money to India is directly to a recipient’s bank account. This includes money transfers from countries such as the UK, Canada, Australia and the USA. Other remittance services such as money orders and cash pick-up will cost more because funds pass through third parties. Be sure to send money using a money transfer company that regularly sends money to India.  There will be less money transfer costs and you will benefit from the cost savings. 

      Companies such as XOOM and Remitly have higher INR exchange rate margins. They can be up to 2% of your transfer amount. It is best to choose a provider that has lower costs such as OFX, WorldFirst and XE

      How much does it cost to send money to India?

      Money transfer fees and INR exchange rate margins can affect the costs of sending money to India. This includes higher fees if cash pick-up is required. The exchange rate margin added by the money transfer company can be between 0.4% with OFX and up to 2% with companies such as Xoom and Remitly.

      How much money can I send to India in a year?

      There is no maximum limit on how much money you can send to India, though you have to consider tax implications in your home country as well as in India. According to Indian income tax rules, money transferred from overseas to India can be taxable. If you send more than 50,000 rupees to an individual who is not your blood relative, they may be subject to taxation.

      Is Remitly safe to send money to India?

      Yes, from a regulatory point of view. It is licensed in most US states. However, there have been very poor customer experiences written on Trustpilot. Customers have complained about transfers taking too long or struggling to get refunds on transfers cancelled by Remitly. 

      Can foreigners send money to India?

      Yes. Foreigners can send money to India. It is as simple as choosing an international money transfer company that supports India as a destination country. Select the country you are sending from in the comparison table above. Choose the best remittance provider for your needs. Easy.

      How much money can be sent through Western Union to India?

      Western Union has varying money transfer limits. Mobile Money Transfers limit is $500 per day. Online FX International Payment limit is $10,000 per transaction. This limit can be lifted by contacting Western Union directly.

      Convert USD to INR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      INR
      Sending money online through specialist money transfer companies.

      Expect to receive between Rs8225.62 and Rs8275.47 when sending money from USD to INR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately Rs7893.27, not including additional banking fees. That is an average saving of Rs357.27.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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