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Send Money from India to USA at the Best Rates

Transfer money from India to USA at the best INR-USD exchange rate via RBI approved banks & exchange houses. Fast processing, great savings, zero hassle!

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Users
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We recommend USD forex card for United States of America, CAD in Cash for Canada, and GBK Cash for Germany

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is approximately 00,000 INR
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5%+ better than
market rates.

Fast Credit

Credit/Delivery in
48 working hours.

Expert Help

Professional support,
every step

6000 + RBI Authorized Exchange Houses on the Platform.

Powered by leading banks ICICI Bank RBL Bank

How to Send Money to USA from India?

1
Book & Verify

Compare live rates from trusted exchange houses and banks online. Book & get KYC verified.

Book & Verify
2
Transfer Funds

Securely transfer funds to your chosen exchange house or bank via NEFT/RTGS.

Transfer Funds
3
Get Credit!

Sit back and relax! Your beneficiary will receive the funds within 48 working hours.

Get Credit

Why People Prefer and

Trust

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34%

orders from customer referrals

200cr+

saved for customers

100%

On Time Transaction

9+

years of experience

Extraordinary Stories

Real experiences from people who've trusted us with their currency and transfer needs.
R

Ravi Krishnamurthy

Money Transfer

It has been a really wonderful experience remitting fees for my daughter for her university through Extravelmoney. The rates are very competitive and ease of operation also. Money reached the university with in 24 hours, that was pretty fast.

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4.7/5
R

Subhradeep Haldar

Money Transfer

My parents have been using their services since 2020, to remit funds to me in Poland. The executives are very helpful and responsible. Never had any issues with them and I do recommend using their services.

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4.7/5

K

Kishore Reddy

Money Transfer

Sold Pounds almost at 14 paise less the running rate. Extravelmoney shows you all forex sellers near your vicinity, simply choose one of them, show your ID proof and collect money! The best feature is the price lock option which was very beneficial in my case.

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4.7/5

S

Sanketh Rao

Money Transfer

This has been the easiest and most economical way to transfer money to Canada. I got in touch with them through a friend's recommendation. Ms. Mary processed things for me so quickly. Even after moving to Canada, I used their service, again happened absolutely seamlessly.

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4.7/5

V

Vaishnav Meduri

Money Transfer

Did a transaction for the first time for my son's education requirements for 20k USD. Got a savings of INR 25k compared to bank rate card. A friendly economical service by Extravelmoney.

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4.7/5

S

Sanoj Sudhakaran

Money Transfer

I booked Malaysian Ringgit currency and Singapore dollars in forex card from ExTravelMoney at 1 AM, got a call from the team within 5 minutes and got currency and card delivered by 4 PM. Really impressed with their services. Will recommend them, 10/10!

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4.7/5

Why Send Money to USA via ExTravelMoney?

Marketplace
Advantage

Being a Forex marketplace, every exchange house here tries to outbid others. Result, you get the best exchange rate in the market!

Fast Processing

We understand your commitments and that is why we strive to complete every transaction, the same day of placing the order.

Zero
Commission

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house or bank.

Personal Advisor

You will have a dedicated personal advisor who will guide you throughout the process. Get accurate information and guidance on KYC, TCS and everything else.

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Excerpts From the Press.

...Travelers can compare the rates of various dealers in their city and get forex delivered...

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...Extravelmoney ensures a smooth experience for customers while transferring money abroad..

The Economic Times logo

...competition among the different forex providers in the platform leads to better deals for the customers...

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How to Transfer Money from India to

USA

Currency Conversion

How to send money from India to USA?

Sending money from India to USA can be done in 4 easy steps.

  • Compare quotes of remittance providers & choose the service giving the best rate.
  • Share the required KYC documents and beneficiary details in USA with the chosen service provider for verification.
  • Transfer the amount to the bank or authorised exchange house via NEFT / RTGS / Netbanking.
  • Once they receive the funds, wire transfer will be initiated. Funds will be credited to the beneficiary bank account in the United States within in next 48 working hours.

Please Note: In India, Wire transfers are done between 10:30 AM to 2:30 PM Monday to Friday (except on bank holidays). If your money reaches the chosen service provider’s account within this time period, they can initiate the transfer on the same day.

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Best Way to Transfer Money from India to USA

The best way to transfer money from India to USA is via your bank or an RBI authorized exchange house near you. There are certain purposes allowed by RBI under the liberalized remittance scheme (LRS) for which an individual can transfer funds from India to USA. You need to provide the necessary supporting KYC documents to process the transaction. If you are eligible to do the transaction, a wire transfer from India to USA will be initiated.

Wire Transfer is an electronic mode of fund transfer through the SWIFT network with which you can transfer money from your Indian Bank account to an overseas bank account. Indian Banks and RBI-approved Authorized Dealers have arrangements with over 400+ major banks across the globe to send and receive SWIFT messages which ensures safe and secure outward remittance from India.

If you are approaching a bank you need to be an account holder of the same bank. With Extravelmoney you can do the transaction via our partnered banks even if you are not an account holder. Extravelmoney has on board the India's top exchange houses with AD2 category licence who are also eligible to do money transfers to the US under the LRS.

Purposes Allowed Under LRS for Sending Money from India to USA

  • US Univeristy Fee Payments
  • Living Expenses of Indian Students in USA
  • As gift to a US resident
  • Remittance by tour operators to overseas agents/hotels
  • Emigration/Visa fees
  • Maintenance of Close Relatives in USA
  • For Medical treatment in USA
  • Fee for participation in conferences or training

Documents Required for Money Transfer from India to USA:

1
Govt issued photo ID proof of the sender (Passport/Voter’s ID/Aadhar Card)
2
PAN card copy of the sender
3
Filled A2 Form cum declaration with signed by the sender
4
Purpose proof (University letter/Prospectus) stating the amount to be transferred and account details (for tuition fee payments only)
5
Beneficiary passport copy (for maintenance of close relative & gift remittance only)

Beneficiary details to be shared:

  • Beneficiary Bank Name & Address
  • Beneficiary Name & Address in USA (as given in bank)
  • SWIFT Code & Routing number
  • Beneficiary Account Number

Charges for Money Transfer from India to USA

  • Conversion Rate - Depends on the live USD-INR exchange rate.
  • Sending Bank Charge - Depending on our partnered bank/remittance option chosen by you (Typically it’s in the range of 300 - 600 INR).
  • Intermediary Bank Charge - Intermediary banks in the SWIFT network might deduct a charge. You can cover this charge upfront by opting for the ‘OUR’ option when making the wire transfer. (It usually comes in the range of 1500- 2500 INR)
  • Beneficiary Bank Charge - Sometimes the beneficiary bank in USA might deduct a charge after the fund is credited. It depends on the beneficiary bank, check with the beneficiary’s bank to find out the exact amount.
  • GST - Depends on the amount you are transferring, usually quite minimal (minimum Rs 45 per transaction)
  • 5% TCS may be applicable on your transfer if you have done forex transactions worth more than 7 Lakh INR in the financial year. Tax applies to amount exceeding 7 lakhs only. This can be reclaimed at the time of filing your IT returns. (0.5% is the source of fund is an education loan). To find out if TCS applies for your transaction, use our TCS Calculator.
  • All the fees applicable will be shown transparently in our order summary page and also intimated by our customer support team prior to the transfer.
    ExTravelMoney does not charge any hidden fees. We also do not charge any Booking Fees on Money Transfer Abroad.

Maximum limit for money transfer from India to USA

If you are an Indian Resident, you can transfer a maximum of USD 2,50,000 per financial year to the US from your Savings Account.

If you are a Non-Resident Indian (NRI), then the maximum amount of money you can send to US depends on the type of your bank account.

  • NRO Account - USD 1 million per financial year.
  • NRE Account - No limit to repatriation.
Residential Status Account Type Maximum Remittance Limit
(in a financial year)
Resident Indian Savings Account USD 2,50,000
Non-Resident Indian NRO Account USD 1 million
NRE Account No limit to repatriation

Time Taken for Beneficiary in the US to receive money

If the processing bank in India gets the NEFT credit of the funds before 2 pm, wire transfer to the USA will be initiated on the same day. You will get the SWIFT copy of the transfer on the same day. The beneficiary will get the funds in US Bank account within the next 48 working hours. Please note that all Saturdays, Sundays and any US holidays will be international wire transfer holidays and fund transfers will be delayed. For example, a wire transfer initiated on Friday could take up to 4 days including Saturday and Sunday holidays.

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Frequently Asked Questions

How much tax do I have to pay while sending money to the US?

All remittance transactions from India are subject to GST. It's less than 1000 INR for amounts up to Rs 10 Lakhs. The exact GST amount to be paid it can be found using the article below;
How Much Tax You've To Pay On Foreign Exchange Transactions In India?

Sometimes TCS (Tax collected at source) may be collected on your transaction. It can be reclaimed at the time of filing your IT returns. It's calculated based on the total amount remitted in the current financial year. TCS rate varies with the purpose of your transfer. You can refer our article 'TCS on money transfer abroad from India' for a detailed explanation.

You can use our TCS calculator tool to find out the exact amount.

Do I need to have an account in the particular bank I choose for the transaction?

Not required. This is one of the advantages of doing a money transfer via Extravelmoney. Normally banks do remittance transactions only for their account holders. But with Extravelmoney you can do the transfer even if you don't have an account in the chosen bank. If you already have an account in the chosen bank, you can still transfer via Extravelmoney for better rates and service.

What is the maximum and minimum amount I can transfer?

The minimum amount you can transfer is 250 USD. The maximum amount that can be transferred is 250000 USD in a financial year.

How do you determine the exchange rate for currency conversion?

Extravelmoney gets real-time exchange rates from our partner banks and exchange houses. These are exclusive rates for Extravelmoney and are usually much lower than what they offer directly to their customers.

Exchange rates are subject to fluctuations in the market. Exchange rates on the day of transfer will apply to all remittance transactions. We will confirm the exchange rate with you before initiating the transfer. If you are not happy with the day's rate, you can postpone or even cancel the money transfer.

What happens if the exchange rate changes after I initiate a transfer?

We will confirm the exchange rate with you before initiating the money transfer. If the exchange rate changes after initiating the transfer it will not be affected.

What are the accepted payment methods for initiating a money transfer?

You need to transfer the amount as NEFT/RTGS or via a payment gateway (if available) to the chosen bank or exchange house's account

Is my personal and financial information secure when using extravelmoney?

Absolutely. We only ask for KYCs and any other information that is necessary to process the transaction. We share the KYCs and any other data you provide, only with the processing bank.

What should I do if I've made a mistake in the recipient's details?

Report immediately, if the bank has not initiated the wire transfer we can modify it. If it's already been initiated it can not be modified.

Can I cancel or modify a money transfer after initiating it?

If the bank has initiated the money transfer, you can not cancel or modify the money transfer.

Do I need to pay taxes on the money I receive in the USA?

No, the person receiving the money in the US does not have to pay tax on it if it's a personal and not a business transfer (as per IRS rules). If the amount received is above $1,00,000, the beneficiary would have to fill out IRS form 3520.

How do I contact Extravelmoney customer support in case of an emergency?

Extravelmoney customer support is available from 9.30 am to 5.30 pm IST, Monday to Friday. On Saturdays from 9.30 am to 2 pm. You can reach us via phone (+91 484 2886900), email (care@extravelmoney.com) and WhatsApp (+914842886900).