According to World Bank, India was the world's largest remittance recipient in 2015 despite experiencing a $1 billion drop from the previous year, the first decline in its remittances since 2009. India retained its top spot in 2015, attracting about $69 billion in remittances, down from $70 billion in 2014, the World Bank said in its annual report "Migration and Development Brief".
So when you are sending money to India,"Make sure that more of your hard-earned cash reaches to your loved ones!"
Before sending money to India, there are couple of things you have to keep in mind like what is the cheapest way ? Depending on your sending amount, what is the fastest money transfer service because time can mean everything. What are the transfer methods available ? Is your final option is the best option for sending money ?
For the all above questions, you can see and compare all popular money transfer services for sending money from USA to India on this page.
Transfer Type | Online |
Pay-In Methods | Credit Card Debit Card |
Pay-Out Methods | Bank Account , including: SBI (State Bank of India), Bank of India, ICIC Bank, HDFC Bank, Union Bank of India, Punjab National Bank, Bank of Baroda, Yes Bank, IDFC Bank, Axis Bank, Canara Bank, Federal Bank, State Bank of Travancore, State Bank of Hyderabad. |
Mobile Recharge | Mobile airtime is added instantly to phones on: Airtel, Aircel, BSNL, Idea, Loop, MTS, Reliance, Tata Docomo, Tata Indicom, Uninor, Videocon GSM, Vodafone, Dish, Sun Direct, Tata Sky, and MTNL. |
Fee | $0.99 fee from $1 to $2750 |
Speed | 1-2 working days |
Lower fees than you will find in banks
There is no minimum amount for your transfers
Convenient to send money to India online transaction makes it easier to send money
A good feature of WorldRemit is that they will send your recipient an SMS message when the transfer is initiated and give them the transaction number. You will receive a similar SMS once your beneficiary has collected the cash
Low maximum transfer amount
1. How you want to send money to India: bank deposit or airtime top-up, and enter the amount so that you can transfer to all banks in 1-2 working days.
2. Fill your recipient's details:you can choose from a list of people you’ve sent to in the past, or add a new recipient
3. Now pay for the transfer:you and the recipient both will get notifications by SMS and email when the money is sent and received.
Transfer Type | Online |
Pay-In Methods | Bank |
Pay-Out Methods | Bank |
Fee | A fee of 1% of the amount sent |
Speed | 3-5 days |
Security |
1. 2-factor authentication
2. Registered with the Financial Crimes Enforcement Network (FinCEN)
3. Standard HTTPS encryption safeguards
|
Easy process to sign up and initiate a transfer
It’s affordable
Offers better rates than many other providers
High daily transfer limits
Bank account transfers only
It's a Two-step process, firstly wire money to TransferWise and then deposits the money to recipient’s bank account
Need an SSN(Social Security Number) to send money
1. Initiate your transfer by using the TransferWise website on a desktop, laptop, or mobile device.
2. Provide the recipient’s bank account details or an email address.
3. Enter the sending amount or the exact amount you want the recipient to receive. If you opt for a specific amount transfer, you have to pay an extra 3% deposit, in the event there is a fluctuation in the exchange rate.
4. Make your payment using any of the available methods.
Transfer Type | Online |
Pay-In Methods | Bank Account Credit Card Debit Card |
Pay-Out Methods | Bank Deposit Cash Pickup |
Fee | $0.00 fee for bank account to bank account |
Speed | 3-5 working days |
Offers expert advice and simple, secure transactions
It offers multiple ways of transaction and receiving money
Exchange rates are higher than banks, with lower fees
Low maximum daily limit
1. Create a free online account on Ria’s website.
2. Fill the details of money transfer.
3. Enter your recipient’s full name and address.
4. If you’re sending money for cash pickup, select a location near your recipient from the provided list.
5. Select a payment method.
6. If paying by credit or debit card, enter your card information and billing address.
7. Check that the information is correct on the Pre-Order Confirmation.
8. Get your order number, which you can use to track your transfer.
9. Track the progress of your transfer by entering your order number, PIN or reference number in the box.
Transfer Type | Online |
Pay-In Methods | ACH Transfer Credit Card Debit Card |
Pay-Out Methods | ACH Transfer |
Fee | FREE for transfers over $1,000 |
Speed | 1-2 days |
To access higher transfer limits, log in and visit Remitly’s Manage Limits page. Answer the questions and provide ID and additional banking information. Representatives will review the information you provide and get back to you shortly.
Send money in minutes
Track your transfer’s progress with updates to your phone
SSL with 256-bit encryption keeps your money safe
Remitly sends to 10 countries only
Low maximum daily limits
Credit cards transactions and transfers to some countries can be expensive
1. Create an account.
2. Choose your recipient’s country and enter your sending amount.
3. Provide your recipient’s information.
4. Pay with your bank account, credit card or debit card.
5. Confirm your transaction.
6. You will receive text updates on your transaction to your phone.
Transfer Type | Online |
Pay-In Methods | Bank Account Credit Card Debit Card |
Pay-Out Methods | Bank |
Fee | Free for transfers over $1000 when sending with Bank Account |
Speed | Instant |
Security |
1. Offers a money-back guarantee
2. Website relies on 128-bit encryption
3. Works with a number of leading banks
|
Offers 24/7 customer service
Track your transfers
Money-back guarantee
Many money transfer providers that service larger international networks than Xoom.
1. Sender can transfer the money using a computer or a mobile device.
2. After filling details, you can choose payment options.
3. Enter your recipient’s details.
4. Track the progress of your transfer.
5. Xoom lets you cancel your transfer if it hasn’t gone through, and cancellations do not attract any fees.
Transfer Type | Online |
Pay-In Methods | Debit Card |
Pay-Out Methods | Bank |
Fee | $4.99 |
Speed | 1-2 days |
Pangea Money Transfer’s online transfer process is simple and straightforward
Low transfer fees
Pangea Money Transfer’s many agents worldwide
Earn $30 off a future transfer by referring friends
Limited receiving countries only for sending money.
For individuals only. If you’re a business looking to schedule payments, you’ll need to look at other services.
1. Create a free account with your details.
2. Enter sending amount for your receiver country.
3. Once check final exchange rate and transfer fee.
4. Pay using your payment method.
5. Your recipient will receive a text message with a unique transfer code to use when picking up cash.
Transfer Type | Online |
Pay-In Methods | Bank Account |
Pay-Out Methods | Bank Account |
Fee | $0.00 |
Speed | 1 days |
Transparent fee structure
Higher exchange rates than local banks
Easy to use website
High minimum transfers
No live chat information
Two step process
1. Create a personal account.
2. Complete your personal information.
3. Choose your receiver country and currency.
4. Provide your passport information.
5. Login with your username and password.
6. Answer two security questions
7. Complete all fields regarding your recipient's detail
Transfer Type | Online |
Pay-In Methods | Online Phone Agent |
Speed | 1 day |
Multiple transfer options
No transfer fees
Wide range of currencies
Deliver funds using bank deposit onlu
Phone verification for new accounts
1. Register an account with Ofx.
2. Enter personal details, address and occupation.
3. Verify your identity and log into your account.
4. You will get a rate quote.
5. Add the receiving account details.
6. Confirm the transaction.
7. Track the status of transaction.
Transfer Type | Online |
Pay-In Methods | Bank |
Speed | 3-5 days |
Uses online security technology
Trusted Company
Lower fees
Large transfer allowed
Bank to bank transfers only
No same currency transfer
1. Sign up.
2. Get a quote.
7. Send.
Transfer Type | Online |
Pay-In Methods | Bank |
1. Simple,fast & affordable.
2. Nearly 1,500 Travelex stores across the globe.
3. Great rates
4. Price promise
5. 24/7 emergency assistance.
1. Choose your currency.
2. Choose the method of receiving.
7. Pay for your money transfer.
Transfer Type | Online |
Pay-In Methods | Bank Account |
Pay-Out Methods | Bank Account Cash Pickup |
Fee | Lower fee than banks |
Speed | 3-5 days |
Best exchange rates
Multiple payment options
Safe and secure
Transfers for certain countries can be expensive
Transfer Type | Online |
Pay-In Methods | ACH transfers Wire transfers |
Pay-Out Methods | ACH transfers |
Fee | Lower fees than banks |
Speed | Same day |
Offers 24/7 customer support
Competitive exchange rates
Got the most out of your transfer
Services limited to India
1. Register account.
2. Complete your personal information.
3. Choose your receiver country and currency.
4. Complete all fields regarding your recipient's detail
5. Complete transaction and track status.
Transfer Type | Online At agent locations Mobile apps |
Pay-In Methods | Bank account Credit/debit card Pay With Cash |
Pay-Out Methods | Bank Cash |
Fee | $0.00 fee for online bank account |
Speed | 3-5 days |
More than 500,000 agent locations around the world
Multiple transfer and pick up options
Safe and secure
Low maximum transfer amount
1. Set up a free account.
2. Log into account and initiate transfer.
3. Choose your payment method.
4. Fill recipient’s name and contact information.
5. If sending to a bank account, you’ll need the bank name and account number. If you’re sending a prepaid card for home delivery, you’ll need the address and phone number.
6. Fill your contact information.
7. Complete the transaction
Transfer Type | Online In person |
Pay-In Methods | An agent location Online |
Pay-Out Methods | Account deposit Cash Pickup |
Fee | Lower fee |
Speed | 3-5 days |
Second largest money transfer provider
Wide range of sending, receiving and financing options
Fast and secure transactions
Maximum online transfer amount.
Fees can be higher when you use a credit or debit card to pay.
Transfer Type | Online |
Pay-In Methods | Bank |
Pay-Out Methods | Bank |
Fee | $0 fee |
Speed | 3-5 days |
Fast, simple, and secure
Convenient
It uses the Automated Clearing House (ACH) which is paperless and 100% online remittance platform to transfer funds from United States to India
Provides the most competitive exchange rates
All money transfers are free of charge and only local service tax is applicable on the currency conversion in India
Transfer Type | Online |
Pay-In Methods | ACH Transfer Credit/debit card |
Pay-Out Methods | Bank Account |
Fee | $0.00 fee when pay by bank account |
Speed | 3-5 working days |
Offers high exchange rates
Facility of direct bank deposits and cash pickups
Instant cash pickups available if paid using card
Instant Transfers using Debit Card to major banks such as HDFC, PNB, Axis & more
Gives 24/7 Support & 100% Money Back Guarantee
Real time transfer status tracking
Transfer Type | Online |
Pay-In Methods | Bank |
Pay-Out Methods | Bank |
Fee | $0 fee |
Speed | 1-2 days |
Avail attractive exchange rates
No transaction charges on your transfers
Multiple options to deliver the money to your receiver
Transfer to Kotak Mahindra Bank Accounts or Transfer to accounts held with over 100 banks in India or deliver by Demand Draft
Track the status of the transfer in your Click2Remit account
Transfer Type | Online |
Pay-In Methods | Bank |
Pay-Out Methods | Bank Cash Card |
Fee | $3 up to 65,000 INR |
Speed | 2-3 days |
Money2India service facilitates money transfers to India from 9 countries and currencies
Firewall (virtual electronic fence that prevents unauthorized access to the ICICI Bank server)
128 bit Secure Socket Layer (Security technology that ensures all information exchanged is confidential.)