Send money India from USA (USD to INR) provided by the best money transfer service providers us-dollar to indian-rupee (2024)

FAQs

What is the cheapest way to transfer money from US to INR? ›

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

The best rate to send Indian Rupee from US Dollar to your loved ones in India is currently offered by Abound; their 1 USD to INR exchange rate today is 86.0000. Panda Remit offers the next most competitive US Dollar to Indian Rupee exchange rate today (currently 1 USD = 84.3093 INR).

Providers like Xoom, MoneyGram, and Western Union are popular options if your beneficiary wants to collect rupees as cash in India without going through a bank.

The HDFC Bank offers the provision of opening NRE accounts. There are several advantages of sending money from USA to India using an NRE account. There are no limits on the amount of money you send. HDFC Bank does not levy any separate charges for inward remittance apart from the applicable taxes.

The minimum transaction value required under NEFT is one rupee and the maximum transfer limit can vary across banks. For example, the maximum transfer limit for NEFT through IDFC First bank is Rs. 20 lakhs per day and Rs. 10 lakhs per day at ICICI Bank.

IRS rules on international money transfer: There is no limit to the amount of money you can send or receive, however, money transfer service providers/banks/other financial institutions may have a daily transaction limit.

1000 USD = ₹83760 INR

Our online currency converter is showing you the value of 1000 US Dollar in Indian Rupees according to the current foreign exchange rate of INR 83760. Today i.e. Wednesday 18/09/2024 , for 1000 US Dollar you get 83760 Indian Rupees.

How to Transfer Money from the USA to India without Paying Taxes? There is no way to completely exempt tax on money transfers from the USA to India. According to American laws, you can remit a maximum of $14,000, after which gift taxes will be applicable.

Is Remitly better than Wise? ›

Wise has a competitive edge over Remitly due to its lower fees and transparency. Here's what makes Wise stand out: Transparency: Wise shows the total cost upfront, including any fees, before you finalise the transfer. Exchange Rates: Wise uses the mid-market rate; the most favourable rate available.

Xe offers payments to select countries for cash collection – Remitly has a broader cash collection offer, plus payments to debit cards, mobile money accounts and for home delivery of cash. Xe has international transfer services and currency risk management options for businesses, Remitly is for personal use only.

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

RemitMoney is simple, effective and reliable service for money transfer. It provides peace of mind while transferring large amount of funds from US to India within few hours whereas other providers usually takes 3-4 business days. Thanks to RemitMoney for fantastic service.

RemitMoney is simple, effective and reliable service for money transfer. It provides peace of mind while transferring large amount of funds from US to India within few hours whereas other providers usually takes 3-4 business days. Thanks to RemitMoney for fantastic service.

Funding your money transfer with a bank transfer is usually the cheapest way to send money abroad.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.