USD To INR Exchange Rate - Find Best Price Today

Highest remittance rate for converting 1 USD to INR = 20.13

Sending money to India from USA

In an era when cryptocurrencies are taking over, transferring money across the globe is one of the easiest tasks. There are over 4.4 million Indians living in the USA who remit billions to their families India for various reasons like, paying bills, money transfer to buy property, pay mortgages, and more. However, some of these people find it hard to identify the “best ways to transfer money to Indiafrom the USA” that offer fast, simpler and secure services to its users.

Therefore, on this page, we provide you with the top 17 services offering “reliable money transfer to India from USA”.

Please find the list of companies below in a sorted order which are providing the best money transfer services which offer the most “affordable way to send money to India” with the highest exchange rates and low fee.

Many people are stuck between options when it comes to sending money from USA to India because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

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Mid Market Rate



Mid Market Rate


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You Pay (Includes Fee $ 3.99) $ 4.99
Receiving Amount
₹ 80.88
Realized Exchange Rate
remitly USD to INR Exchange Rate
19.47% vs Best Value


Transfer Time : 1-2 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from USA to India for sending amount 1. Today’s Remitly exchange rate for sending money from USD to INR is 80.88 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 19.47% less than the best value for your money transfer. The realized exchange rate after considering the fees is 16.21. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Remitly click here

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Remit2India's money transfer service is a secure online way of sending money to India, in 10 currencies from 24 countries across the world.

Supported Amount - $50 to $ 20000
Exchange Rate


Placid Express is an affordable and efficient alternative choice for consumers sending money over 30 countries

Supported Amount - $11 to $ 20000
Exchange Rate


Wellsfargo is a money transfer company which is available 24/7, cheaper, faster, simpler and easier to understand.

Supported Amount - $25 to $ 5000
Exchange Rate


TransferWise operates on a peer-to-peer exchange basis, meaning that two individuals exchange currencies between themselves, without an intermediary,such as a bank.

Supported Amount - $3 to $ 20000
Exchange Rate


Founded by Prajit Nanu and Michael Bermingham, InstaReM is a digital fintech company which provide money remittance services.

Supported Amount - $50 to $ 20000
Exchange Rate


More Available Options

You can check rates of some more providers that may support your country
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With a worldwide agent network of more than 314,000 locations in 144 countries and growing

USD to INR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from USA to India after comparison?
  • With our real-time comparison on sending money from USA to India ,
      we have found remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Remitly, 16.21 ) .
  • To remit money in the bank account of India, best companies is ( Remitly, 16.21 ).
  • Current money transfer offeres/promotions are available with Remitly money transfer services.
  • For quick money transfer from USA to India with agent service is Remitly with exchange rate 16.21.
  • Available pay in when sending money from USA to India Bank, Creditcard, Debitcard.
  • Available pay out when sending money from USA to India Bank.
  • Other options to transfer money from USA to India are Travelex, Westernunion, Ria .
  • The comparison result was last updated on Dec 02, 2022.
  • For the latest comparison result of USA to India, Please visit ExchangeRate IQ regularly.

Indian Rupee vs. US Dollar: History

Indians are majorly employed in US, UK, Canada, and Singapore. Many Indian students also travel to these countries for school trips. For both groups, knowledge of currency conversion from INR to USD is essential because exchange rates have a major role in the process. INR is determined in terms of the US Dollar as a benchmark. Any change in the dollar directly affects the INR/USD exchange rate.

Currently, 1 US Dollar (USD) is equivalent to 71.34 Indian Rupees. The FII flows also impacts the INR value. When the FII flows increases, Indian rupee strengthens as foreign currency inflows increases in India. Similarly, when FII sells, the INR value weakens.

Over the years, Indian rupee has recorded the lowest value against the USD at Rs 74.39 in October 2018. The Indian Rupee had breached the 70-mark for the first time in August 2018. The currency recorded the biggest monthly loss within 6 years in August 2018. Foreign funds withdrawal was $2.28 billion from the Indian equity and purchased was $1.51 billion in the debt segment in August which resulted in rupee down by 3.5% against the US Dollar. 

With the end of phase-one of the trade deal of US-China before 2019 and the expected new industrial policy by Indian, the government couldn’t breach the high exchange rate. It is therefore important to note that you should expect a small spurt in USD/INR to trade between 71.50 and 72.

Transfer Money from USA to India Best Exchange Rate

If you are an NRI sending money to India, you are amongst millions of migrants who send billions of dollars to India every year. India is the world’s largest remittance recipient with approximately $69 billion sent to the country in year 2015, according to World Bank. This is over 12 % share of the world’s total remittances. India has experienced continuous growth in remittances since 2009 and the figures are steady ever since. Even when it dropped by approx $1 billion USD in 2015, India still holds its position being number 1 remittance recipient. The major share of this remittances comes from West Asia, North America and Europe. Total amount of Remittance from USA to India is over $10 Billion.

Best way to send money from USA to India

There are so many affordable money transfer services that you can use to transfer money from the USA to India. The rest of the work is handed over to the user who has to decide which service best suits their needs. Below are some of the options that came top of the list for people who want to send money to India.

  1. Money Transfer Companies

    The USD to INR exchange rate market is one of the most competitive exchange corridors where more than 50 companies are offering their services. These companies have competitive exchange rates, secure transfer services, faster and affordable remittance with excellent customer support services. You can choose from the above-listed money transfer companies based on your transfer requirements and send money easily to India.

  2. ACH Transfers

    Automated Clearing House transfer is the biggest transfer network in the USA and one of the main ways to send or receive money online. The ACH transfer provides electronic or bank-to-bank transfer services in the USA so that one can send funds easily to India. These transfers take approximately 2-3 days before the recipient can access his or her money.

  3. Wire Transfers

    These are the very common form of international transfers which are offered by most of the banks and money transfer companies. Under wire transfer transactions, you can send money directly into any foreign bank account within 1 business day. This transfer is best for transferring a large amount and time-sensitive remittance abroad.

  4. NRI and NRE account transfers

    Many Indian banks have their branches in the US and they are offering their remittance services to the users using their NRI and NRE accounts. With them, you can transfer money to your friends and family in India with a day or two anywhere in the country in any bank. Some of the banks offering such services are HDFC’s Quick Remit, SBI, ICICI remittance services, YES Remit, Remit Money powered by Axis Bank, etc.

  5. Bank Drafts in Indian Rupees

    SBI offer bank draft services to its clients abroad to make a draft in Indian rupees which can be cashed instantly when it reaches with the recipient. The draft is free if it amounts to Rs 50,000, but if the amount is lower, then it charges a flat fee of USD $10.

What are the Factors to Considers before sending money to India?

Here are 5 important Factors that you should consider before sending money to India from the US:

  1. Amount You Want to Transfer: The more money to send the more value you get. In certain cases you pay less fees and get higher exchange rates as the sending amount increases.

  2. Offered Exchange Rate: The higher the exchange rate, the better value you get for your money.

  3. Hidden Fees & Charges: A lot of companies would claim a Zero fee but then you might end up paying an exchange rate margin.

  4. Transfer Time: How quickly you want the money to be received in India. Different companies take different duration that ranging from a couple of hours to over 5 days.

  5. Discounts & offers: Various companies run promotions across the year to attract more customers like you. These could be in the form of extra exchange rates or a discount on the fees. Always hunt of offers and go with the best exchange rate when remitting money.

Fastest way to send money from USA to India

Whether you are sending money to your friends or family to India, there are multiple ways of remit money to India and help you to manage the overseas financials. So, here are the steps to transfer money from the US to India:

  1. Compare all the companies and select the one with the best rates and lower transfer fees.

  2. Click on “Send Now” and you will be redirected to the company’s official website.

  3. Here select the country and check the rates and fees again.

  4. Enter the amount you want to send and click on “Send Money Now”.

  5. Sign up with the company, enter all your personal details as asked by the website and details of the recipient.

  6. Submit your bank details to make the transfer.

  7. Re-check all the details and submit the transaction.

  8. Your amount is in transit and you will receive the notifications of transfer on mail and SMS.

  9. You can also track the transaction on your dashboard.

  10. For further rate alerts, you can submit your email ID with Exchange Rate IQ.

What are the best money transfer services from USA to India?

To help you get the best online money transfer deal, Exchange Rate IQ team reviewed a large number of services, their exchange rates, fee structure and pay-in/payout methods. We evaluated companies of parameter like Cheapest, Fastest & number of options.

Cheapest Money Transfer Options to India:

  1. Western Union
  2. Remitly
  3. Ria

Fastest money Transfer options:

  1. Xoom
  2. Ria
  3. World Remit
  4. Remit2India

Best option for Cash Transfer to India:

  1. Western Union
  2. MoneyGram
  3. Transfast

Indian Banks offering Remittance services in US

  1. IndusInd Fast Remit
  2. HDFC QuickRemit
  3. ICICI Remit2India

Best Online Money Transfer options to india

  1. TrasferWise
  2. Xoom
  3. Remitly
  4. Money2anywhere
  5. Remit2India


How long does it take to send money from the US to India?

Most take three to five working days, although some services can take couple of hours. Others can even take up to two weeks. Many domestic wire transfers provide faster services where transfers completed within 24 hours. So, before transferring funds you must check the time company is taking for completing the transactions.

Discuss this question

Is money sent from US to India taxable?

If you send an annual federal gift above $14,000 per person per year, then your amount will be taxable and the sender needs to pay the taxes on the taxable amount. While in case if you are married, you and your spouse can elect to split the gift. So, you can potentially send $28,000, per person, in a year.

If you send $40,000 to 4 different persons then you have not exceeded the gift limit and you do not owe any gift tax on this, as $14,000 is for a single person limit.

Money received in India:

Gifts that you receive from any other person except blood relatives in excess of Rs 50,000 in a year, is considered as your income and will be taxable under ordinary income.

Blood relatives as per Section 2(41) under the Income Tax Act, 1961 are:

  1. Spouse of the individual.

  2. Brother or sister of the individual.

  3. Brother or sister of the spouse of the individual.

  4. Brother or sister of either of the parents of the individual.

  5. Any lineal ascendant or descendant of the individual.

  6. Any lineal ascendant or descendant of the spouse of the individual.

  7. Spouse of the persons referred to in (2) to (6).

Discuss this question

How to transfer large amount of money from USA to India?

We all need to send a large amount to our families for marriage, buying land, medical purpose, etc. For all these purposes, you can send money from USA to India using your bank in the US as well as in India. Ask your bank in India to provide the SWIFT code and give this code to your US bank with a bank account and branch details.

Besides this, you can also transfer the large amount through Automated Clearing House (ACH) transactions which is an alternative of wire transfer and bank-to-bank transfer. There are no fees for these types of transactions, but it requires both the banks to be linked together.

Discuss this question

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

You can send the US $14,000 per person per year for a gift tax-free transaction. If you send money above the US $14,000 per person per year, then you will be liable to pay tax under gift tax provisions.

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If I send money from abroad to a normal Indian savings account, will it be taxable?

If you send money from USA or any other country to India to any of your close relatives (as provided in the question above) it won’t be taxable. But if you send money to any other person above Rs 50,000 then it will be taxable as ordinary income from gift under the Income Tax Act, 1961.

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Historical Mid Market Exchange Rate From US Dollar (USD) to Indian Rupee (INR) (Weekly)

Current Exchange Rate(Mid Market) :- 81.18 INR/USD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion USD To INR

Send US Dollar To INDIA Receive Indian Rupee
1 USD TO INR 81.18
50 USD TO INR 4059
100 USD TO INR 8118
250 USD TO INR 20295
500 USD TO INR 40590
1000 USD TO INR 81180
5000 USD TO INR 405900
10000 USD TO INR 811800
Send Indian Rupee Receive US Dollar From INDIA
50 INR FROM USD 0.62
100 INR FROM USD 1.23
250 INR FROM USD 3.08
500 INR FROM USD 6.16
1000 INR FROM USD 12.32
5000 INR FROM USD 61.59
10000 INR FROM USD 123.18

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate USD to INR

Company Name Live Exchange Rate
XE Money Transfer ₹ 81.18
Remitly ₹ 80.88

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