Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Looking for the best way to send money from the United States to family, friends or businesses in India (or even to your own overseas bank account)?
Don't head straight to your American bank – compare specialist money transfer services instead. They nearly always offer better INR exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more Indian rupees.
Of the companies we've compared, OFX is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Xe can get money to your recipient in India within minutes.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Bank transfers are typically the cheapest way to get your money to India. OFX and Remitly have some of the lowest bank transfer fees of the brands we've compared.When you're hunting down the cheapest ways to send money to India, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Indian rupees your recipient will end up with.
Many online providers can offer transfers to India within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to India:
Actual transfer times from the United States to India can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to India is to use a provider registered with the United States's industry regulator, the Consumer Financial Protection Bureau. All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United States and India.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to India, consider using a provider such as OFX or Dunbridge Financial to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to India, you'll need the necessary documentation, your recipient's details and a way to pay.
Aaradhya is working in the United States as a doctor and she stays in regular contact with her elderly parents back home in India. Her parents need some funds to help pay off a mortgage, so Aaradhya plans to send them $2,000 from the United States.
She decides to compare a bank and a money transfer specialist to see which one can save the most money on her transaction.
|Bank||Money transfer company|
|Exchange rate||1 USD = 80.05 INR||1 USD = 81.11 INR|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2 - 5 working days||Next day|
|Amount received||159,291.07 INR||162,008.11 INR|
The money transfer company enables Aaradhya to send an extra ₹2,717.03, which is transferred straight to her parents' HDFC Bank account.
When choosing a money transfer provider to send money from the United States to India, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
Compared to a month ago, the US dollar is weaker against the Indian rupee. Currently $5,000 is equivalent to ₹407,565.00, whereas a month ago, $5,000 was equivalent to ₹414,514.50. That's a decrease of 1.68% over the past month.
But compared to a year ago, the US dollar is stronger against the Indian rupee. A year ago, $5,000 was equivalent to ₹374,511.50. That's an increase of 8.83% over 12 months.
What's more important, however, is where the strength of the US dollar against the Indian rupee goes from here – which is harder to call. But whichever way it goes, shopping around has the potential to get you more Indian rupees for your US dollars and can help you get the best out of any market conditions.
Need to transfer USD to UZS? Learn how to pick the right service to send your money to Uzbekistan.
Want to send USD to the Democratic Republic of the Congo? We will help you pick the best international money transfer service and explain fees and exchange rates.
Transferring USD-XOF is easy with our comprehensive guide to the best ways to send money from the United States to Congo-Brazzaville.
Sending money to Guinea (Conakry) from the United States? Compare international money transfer services and save on exchange rates and fees.
Transferring USD-NAD is easy with our comprehensive guide to the best ways to send money from the United States to Namibia.
Looking for the best way to send money from the United States to Malawi? Services, rates and fees compared.
Looking for the best way to send money from the United States to Europe? Services, rates and fees compared.
Sending money to Gabon from the United States? Compare international money transfer services and save on exchange rates and fees.
Transferring USD-XAF is easy with our comprehensive guide to the best ways to send money from the United States to Chad.
Sending money to Swaziland from the United States? Compare international money transfer services and save on exchange rates and fees.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.