India money transfers

How to send money to India

Find quick, affordable ways to send money to loved ones and businesses in India.

When you need to get money overseas, the last thing you want to deal with is navigating a potentially complicated, expensive process. Perhaps you’re helping out parents in Chennai or opening an office in Mumbai — personal or business, sending money from the US to India doesn’t have to be expensive.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, you’ll want to compare the transfer fees and exchange rates of the many options available to you to get the best deal.

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    Compare international money transfers to India

    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to India with an online money transfer service.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 63.885 Online INR 319,423 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 45.00 64.109 Online INR
    317,660
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 63.853 Online, Bank Account to Bank Account INR 319,263 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
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    Sending money to India

    How to send money to India

    in 3 easy steps
      1. Locating a service icon

        Find a service

        Select a money transfer specialist that works for you from our comparison table.

      1. Send money icon

        Initiate the transfer

        Complete the required information with the service and provide the funds.

      1. Money arrives icon

        Receive the money

        Your recipient receives their money in the bank account or picks it up as cash.

    Sending money to India

    When sending money overseas, you’ll usually need to create a free account with a money transfer provider. The process varies by company but generally requires you to provide your name, contact information and proof of identity. If you’re not paying for your transaction with cash, you’ll also provide your banking info in order to have the funds withdrawn from your account.

    Once you’ve selected a payment option and entered the full details of your transfer, you make your transaction and wait for the funds to arrive. You’ll most likely receive a reference number or receipt that you can use to track the progress of your transfer.

    Laws and legal documents when transferring large sums of money into India

    How do international money transfers work?

    An international money transfer allows you to send money to friends, family and businesses overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, India.

    Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or made available as cash for pickup at a location in their country.
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    Banks vs. money transfer companies

    Many major US banks offer the option to send funds to India, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.

    A reputable money transfer specialist can often offer better exchange rates and also charge lower fees, saving you money and putting more rupees into your recipient’s pocket.

    Virat sends money to India

    Virat lives and works in the United States and wants to send $2,000 of his salary to his parents in Mumbai. He approaches his bank for a wire transfer but is shocked when he sees its weak exchange rate and high fees. He compares his bank’s services with those of an independent money transfer specialist to see who offers the better deal.

    Major US bankMoney transfer specialist
    Exchange rate1 USD = 63.1 INR1 USD = 63.8 INR
    Transfer fee$5$0
    Transfer speed
    1–3 business days2–4 business days
    Transfer optionsBank account deposit, cash pickupBank account deposit
    Total rupees received
    126,200 INR127,600 INR

    Virat discovers that his family could receive some 1,400 more Indian rupees if he sends his money through a money transfer specialist. And he can save himself a further $5 in transfer fees.

    Foreign exchange rates explained
    An exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    How to compare transfer companies when transferring money to India

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer .
    • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

    Best GBP > INR exchange rates

    What are the ways that I can send money to India?

    • Bank transfers. Many major US banks will allow you to wire money to banks in India. However, this option generally doesn’t offer the best exchange rates or lowest fees.
    • Money transfer providers. Companies like Xoom, TransferWise and WorldRemit make international money transfers to India easy.
    • Providers with cash pickup. Western Union, Money2India, Remit2India, MoneyGram and Ria offer the option of cash pickups from thousands of agent locations across India.
    • M-Pesa. M-Pesa is a safe, secure way to send, receive and store money through your mobile phone or an app. Top up your account at one of more than 287,000 agent locations and then send money to loved ones, who can visit an agent to withdraw their funds.
    • PayPal. Electronic payment giant PayPal allows you to send money from the US to India.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

    Best AUD > INR exchange rates

    Emergency cash transfers in India

    You might need to send an emergency cash transfer to India — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

    Receiving cash in India

    Western Union and MoneyGram provide the three largest money transfer networks in the world, with thousands of agent locations around the globe. You’ll need to pass on your transaction reference number to your recipient to allow them to pick up your funds. They’ll also need to bring along a photo ID.

    For larger transfer amounts, phone ahead to an agent location to make sure it has sufficient cash available for your recipient to collect.

    Tips for picking up cash in India

    The US State Department warns that you should “practice good personal security” when collecting funds in India. Just as you would at home, be careful when you pick up your money. Take a friend along for added security, and don’t display your cash unnecessarily. Avoid high-crime areas, and deposit your funds into your bank account as quickly as possible.

    Cash pickup locations in India

    Worldremit

    BANK OF INDIA
    Address: 1, Sansad Marg, Gokul Nagar, Sansad Marg Area, New Delhi, Delhi 110001, India
    Hours: 8:00 AM – 5:00 PM
    Phone: +91 11 2335 7310

    ICICI BANK HAUZ KHAS – WEALTH BRANCH
    Address: G – 12 , HauzKhas, 0, New Delhi, Delhi 110016, India
    Hours: 8:00 AM – 5:00 PM
    Phone: +91 11 3366 7777

    HDFC BANK
    Address: 5C-9, New Rohtak Rd, Block 5C, Karol Bagh, New Delhi, Delhi 110005, India
    Hours: 9:00 AM – 5:00 PM
    Phone: +91 1800 425 2244

    Moneygram

    PNB – #489500 – DELHI EAST – ICD PATPARG
    Address: Icd Patpar Ganj Delhi Delhi East, 110096
    Hours: 10:00 AM – 3:00 PM
    Phone: +91-1122233945

    SARASWAT CO-OP BANK
    Address: A 20 Lajpat Nagar-IV New Delhi, 110024
    Hours: 10:15 AM – 4:00 PM
    Phone: +91-1126422100

    PNB – #152600 – DELHI – SHAKTI NAGAR
    Address: Roop Nagar 1/9 Near Sehgal Hospital Delhi, 110007
    Hours: 10:00 AM – 3:00 PM
    Phone: +91-1123841102

    Western Union

    FINO FINTECH PRIVATE LIMITED
    Address: Zmc007212 A88 Tigri Near Sheetala Mata Mandir Near Sbi Bank New Delhi 110062 New Delhi, Delhi 110062
    Hours: 8:00 AM – 8:00 PM
    Phone: +91-8291994614

    S P SECURITIES LTD
    Address: M 96 Middle Circle Connaught Place Dist Delhi Cannaught Circle, Delhi 110001
    Hours: 9:30 AM – 8:30 PM
    Phone: +91-1123415600

    INDRAPRASTHA HEAD POST OFFICE
    Address: Bahadurshah Zafar Marg New Delhi, Delhi 110002
    Hours: 10:00 AM – 6:00 PM
    Phone: +91-1123236795

    Worldremit

    BANK OF INDIA
    Address: Air India Building, 216, Backbay Reclamation, Nariman Point, Mumbai, Maharashtra 400021, India
    Hours: 9:00 AM – 5:00 PM
    Phone: +91 22 2281 5836

    ICICI BANK
    Address: Rajmohalla, 177, Jawahar Rd, Ghatkopar East, Mumbai, Maharashtra 400077, India
    Hours: 9:00 AM – 8:00 PM
    Phone: +91 1800 22 8181

    HDFC BANK
    Address: Shop No 1 and 2, Ground Floor, Imperium, Opp.Police Quarters, Marol Maroshi Road, Andheri East, Mumbai, Maharashtra 400059, India
    Hours: 9:30 AM – 3:30 PM
    Phone: +91 22 2925 0262

    Moneygram

    UNITED BANK OF INDIA – #489
    Address: U B I Building 25 Sir Pheroze Shah Mehta Mumbai
    Hours: 10:00AM – 2:00 PM
    Phone: +91-2222043793

    SWARNA SAGAR JEWELLERS
    Address: Shop NO-1 B. N. Mishra Chawl Kajupada Pipe Line Mumbai, 400072
    Hours: 9:30 AM – 6:30 PM
    Phone: +912228590650

    BHARAT BANK – Andheri West branch
    Address: NO. G-11A & B Shalimar Morya Co-Operative Society Ltd. Premi Swastik Industrial Estate Mumbai, 400058
    Hours: 10:00 AM – 3:30 PM
    Phone: +912226742235

    Western Union

    3G TOURS TRAVELS
    Address: Shop No 1oppkailash Chsvakola Bridgesant Mumbai, Maharashtra 400055
    Hours: 9:30 AM – 8:30 PM
    Phone: +91-9769486761

    AGRAWAL BROTHER
    Address: Shop No 12 Kavita Soc Main Cartar No9 Borivali Dist Mumbai Suburban Mumbai, Maharashtra 400066
    Hours: 9:30 AM – 8:30 PM
    Phone: +91-9892622233

    AL NAJIB MILLI MUTUAL BENEFITS LTD
    Address: R305 Sangam Nagar Chandani Agar S P Road Antop Hill Wadala Mumbai, Maharashtra 400605
    Hours: 9:30 AM – 8:30 PM
    Phone: +91-9224618023

    Worldremit

    BANK OF INDIA
    Address: No.33/1, Byrathi Extention, Near Ebenezer Hospital, Opp.Bible College, Hennur Bagalur Main Road, Kothanpur Post, Bengaluru, Karnataka 560077, India
    Hours: 10:00 AM – 5:00 PM
    Phone: +504-6693911

    ICICI BANK UTTARHALLI
    Address: Uttarhalli Main Road, Icici Bank Ltd., Door No 47, Survey No 12 -1, Bengaluru, Karnataka 560061, India
    Hours: 9:30 AM – 4:30 PM
    Phone: +91 80 3366 7777

    HDFC BANK
    Address: Hdfc Bank Ltd Kalathur Complex No 23 2 New No 4 Kalathur Layout Bangalore Karnataka 560013, S M Road, Kalathur Layout, Jalahalli East, Bengaluru, Karnataka 560013, India
    Hours: 9:30 AM – 4:00 PM
    Phone: +91 99458 63333

    Moneygram

    MUTHOOT FINANCE LTD – #2347 – BANGALORE
    Address: No.51 Anjaneya Mansion 3Rd Cross Ashwath Nagara Marthahalli
    Bangalore Urban, 560037
    Hours: 9:00 AM – 7:00 PM
    Phone: +91-8025237039

    SOUTH INDIAN BANK – B’LORE SARJAPUR ROAD
    Address: 65-2 Ward NO New B. B. M. P M. V. Complex Kaikondrahalli Bangalore South, 560035
    Hours: 10:00 AM – 4:0 PM
    Phone: +91-8025741205

    CORPORATION BANK
    Address: 1583 Ground Floor 17th Main J P Nagar II Phase Jayanagar 9th Block Bangalore North, 560090
    Hours: 10:00 AM – 2:00 PM
    Phone: +91-8026650907

    Western Union

    ATTICA GOLD PVT LTD
    Address: 12 2 Nd Floor Anu Arcade Cmh Road Above Sangeetha Mobiles Indira Nagar Bangalore, Karnataka 560038
    Hours: 7:30 AM – 10:30 PM
    Phone: +91-8064909040

    BANK OF MAHARASHTRA
    Address: 1433 16846 2c7341st Blk Hennur Banaswadi Layout 80 Feet Rd Kalyanngr Bangalore, Karnataka 560043
    Hours: 8:00 AM – 8:0 PM
    Phone: +91-9741928473

    BANK OF MAHARASHTRA
    Address: 1502 N09 Pump Mahakavi Rd Chamarajpety Bangalore Bangalore, Karnataka 560004
    Hours: 8:00 AM – 8:00 PM
    Phone: +91-8026616332

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