How to Send Money to India? Best Remittance Money Transfer methods

There are so many ways to send money to India that if this is your first time then it can actually confuse you. While selecting the right money transfer method there are four things that you need to consider - Reliability, Convenience, Speed, Exchange rates / fees.

There are following are different ways of sending money to India. Click on Outward Remittance if you want to send money from India to United States or other country abroad.

Sending money to India by Check
Probably the most inconvenient method. Overall Process can easily take over 6 weeks.

Sending money to India by Bank Wire Transfer
This is the best way to send money to India fast, and with good exchange rates. Only drawback is that you have to pay around $40 fees per transaction. This makes it suitable if you want to transfer a couple of thousand dollars to India or more. To send money by wire transfer you will need account details of your bank in India, Swift code of your Indian bank. Simply go with these details to your local bank in United States or any other country abroad that you are currently living in and tell them you want to transfer money to India by wire transfer.

Sending money to India by ACH transfer
This is probably the most common way probably because it is usually free and completely online. You dont need to know what ACH money transfer is. It basically means that some institution will take the money out of your US or local bank and transfer it electronically to your Indian Bank Account. The process is completely an online method and no paperwork should be required. The entire money transfer process typically takes about 4 to 6 business days. Below you will find several ways to send money to India by ACH transfers. The following are the most popular ways to remit money to India by ACH transfer. Some of the services listed here also give you additional options like sending money by DD, wire transfer etc. Click on links to know more.

  1. SBI Express Remit (check exchange rates)
  2. Remit2India (check exchange rates)
  3. ICICI Remit (Money2India) (check exchange rates)
  4. HDFC QuickRemit (check exchange rates)
  5. CitiBank Online Remit
Sending Money to India - Other methods
There are a few other methods. You may also read my post on Send Money Abroad to know more about internationally available options like Xoom, Ikobo Visa, MoneyGram, etc.
  1. Send money to India by Paypal - You and the beneficiary need to have a paypal account. If you want to send money to your own bank account in India, you need to have a Paypal India Account. Add your Indian and US Bank account details and transfer funds. Exchange rates not very good, but a free and fixed-exchange rate way to transfer money to India.
  2. Send Money to India by a Debit Card - Simply go to your local bank and ask if you can order an additional ATM card for a family member. If they allow you this is probably the most hassle free way to send money frequently to India. If they don't allow you, then come back and read Investo Blog's post on Ikobo and Remit2India where you will find similar option of sending a re-loadable debit card to someone back home in India.
  3. Sending money a Demand Draft - All ACH transfer methods to be listed below usually also include an option to send a demand draft to the beneficiary in India. This is suitable if you do not want to transfer money to your own bank account but send money to someone else.
  4. Send Money to India by Western Union or MoneyGram - In this method - which is called a cash transfer method, the person that you are sending money to has to pick up the cash from one of the agent locations in India. Western Union has over 3,00,000 agent locations worldwide while Moneygram also has over 100,000 agent locations in several countries. So it is quite likely that there is a convenient agent location for you. The advantage of this method is that money is available for pick up within minutes. The disadvantage is that it is not suitable for large amounts of money transfer and has a bit higher fees.

Articles on Money Transfer

  • Send Money Overseas or Abroad: The most popular and best ways to send money to your home country.
  • Xoom Money Transfer Review
  • Ikobo Visa - A new way to send money abroad where you send a re-loadable visa card to the beneficiary.
  • MoneyGram Money Transfer and Money Order service.

  • Online Remittance to India
  • SBI Remittance Review - My most preferred method of sending remitting money to India. Good exchange rates.
  • Remit2India Options to Send money to India
  • Send Money to India by Paypal
  • HDFC QuickRemit

  • External Links
    Western Union Money Transfer -
    A trusted way to send money where beneficiary collects cash from a Western Union location.
    MoneyGram - International Money Transfer and Money Order. You send money, beneficiary collects cash from a chosen MoneyGram agent or location.
    iKobo - Send Money Worldwide
    Money Transfer by ATM Card. Useful for those who have to send money frequently. Check foreign exchange rates on the homepage of iKobo.
    Xoom Money Transfer - Online Remittance from United States to various other countries. Xoom Fees are around $8 per transaction.

    Send Money to India
    ICICI Remit to India
    Online Money Transfer to India.
    ICICI Exchange rates.
    SBI Remittance
    Online Money Transfer to India.
    SBI exchange rates.
    Online Money Transfer to India.
    Remit2India exchange rates.
    HDFC Quick Remit
    Remit Money to India online from U.S., U.K., Europe and Singapore.
    HDFC Quick Remit exchange rates.
    CitiBank Online Remit
    Remit Money to India from US.

    I have been sending money to India for quite a few years. I have been involved in at least 50 money transfers to India and used 4 to 5 different methods of online remittance. Although I do make efforts to provide accurate information about services related to online remittance, none of the opinion, experience or reviews in this post should be used for making any decisions to remit money to India or any other country. It is easily possible that my experience or opinion about a particular remitting service is different from yours. It is your money that you want to remit. So please verify the information from your own authentic sources before making a choice for remitting your money. I do not accept any liability for incorrect or inaccurate information. Some of the links in the posts may be affiliate links, however the opinions and reviews presented in the post remain honest and unbiased.

    May 20, 2009

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