Convenient and Low-Cost Ways to Save Big while Sending Money to India

Are you an NRI who wants to transfer money from the US to India? Wondering how to get the most rupees for your income in dollars but don’t know who is the cheapest, best and most convenient? You are at the right place!

If you want to send money online from the US to India, you have a lot of lucrative options, which actually don’t exist for other destinations. But before we discuss the easiest ways for sending money to India, let’s check out what to keep in mind if you want to save more on online wire transfer.

online remittance

Things to Consider

Consider the Exchange Rates

When it comes to exchange rates, money transfer companies can charge any rate. According to a study, there are companies which charge from 65 to 70 rupees to one dollar. For a few dollars, it might not seem a huge difference. But while transferring $1000 which adds up to around $62 or Rs. 4000, it makes a huge hidden cost and a big difference.

Transfer Fees

Companies generally don’t have to charge a lot of fee because they make a lot of profit from exchange rates. So, the fee would be $5 or less. It is not going to make a huge difference. But if you prefer credit card to send money instead of bank transfer or credit card, fees can be a lot higher. In fact, credit card companies can charge up to 1 to 2 percent higher on transfer amount. So the fee will be passed on to you, from the money transfer company.


Money transfer is relatively fast in India. Most money transfer companies provide express service to transfer funds within just 24 hours but it is more expensive than services which usually take 3 to 5 days. The fact is that almost all companies have ACH banking system that takes 3 days to transfer money and provide low cost money transfer. But some companies actually pay off the customer’s family before they get funds from your US account.  But the companies charge higher fees as they have some risks.

Ways to Transfer Money to India


It is the leader in online remittance to India. Established in 2001, Remit2India has proven track record in serving millions of NRIs across the world to transfer money to India in a convenient and safe way. Some of the specialties of Remit2India are online tracking, direct debit service, insurance on transfers, and 24×7 Customer support. Hence, it is the first choice of NRIs across the world. It charges no fee for transfers over $1000 and offering the most attractive exchange rates to the customers.

Western Union

Western Union is the best choice if you are looking for affordable ways to transfer money to the country. It is the brand you can rely on because it is among the leading transfer companies with thousands of payout locations across the world. It is known for offering low fee on online transfers. The transfers usually take around 1 to 3 business days.