Indians are one of the big communities in the United States, and a lot of us are sending money back home to India, to support our families, pay a bill, or fill our savings account. Before sending your USD into INR, it is very important to compare your options, to find the providers with the lowest costs and best Dollars to Rupees exchange rates.
Fees and rates change all the time, but we’ll do the research and send you an email every two weeks to make sure you always get the best deal.
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Transfers to a bank account
The 9 best options to transfer USD to a bank account in India
Cash pick-up at an agent location
The 4 best options to send USD for cash pick-up at agent locations in India
Transfers via a foreign exchange company
Foreign exchange companies (also known as "forex brokers") are usually the best options for large transactions and offer personalized phone or email service. The rates we list are indicative only, to make sure you get the best deal we recommend requesting a quote from multiple providers.
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We currently compare 14 different options to send money from the United States to India.
If the person you're sending money to wants to receive in his bank account in India, then Transfast is currently the cheapest provider with zero transfer fees and a very competitive USD-INR exchange rate (their current exchange rate is 1 USD = 72.25 INR).
In comparison, you would pay a total cost of 18.41 USD (approximately -12x as much) if you were to use OFX to make the same transaction.
Two other competitive providers are worth considering: Pangea and InstaReM.
You need the money in cash? No problem, we compare several money transfer companies able to send in cash in India: the cheapest option currently is Transfast, with no transfer fees and a competitive USD-INR exchange rate (current rate: 1 USD = 72.25 INR).
Adding the fees and exchange rate margin, the total cost for a cash transfer with Transfast is -1.56 USD, in comparison the total cost would be 9.04 USD if you were to use MoneyGram to make the same transfer with cash pick-up as the pay-out option.
This recommendation was updated a few minutes ago.
Hi! I'm Pascal and I am in charge of making Monito as helpful as possible for you. Don't hesitate to drop me a line if you have a question, if you need help to understand the results or to find the best operator for your transfer.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. Once you fill out the above form and click on compare, you’ll see a list of all the options to send money between two countries. The cheapest option is at the top, but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Monito is not a money transfer company. We’re here to help you find the best way to send money abroad. Just tell us which country you’re sending money from and which country you want to send money to, and we’ll show you a list of all available services. Once you select the best one for your needs, you'll be redirected to their website to get started with your money transfer.
As much as we try to have complete information and to include as many money transfer companies in our results, we sometimes miss a few. In this case, the best solution would be to write us a short message to let us know what’s missing!