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Send money from India to USA the easy way! Get instant quotes from RBI authorized exchange houses and banks next to you. Compare rates & book your money transfer online. Guaranteed savings on every transaction!

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  • I got to know about extravelmoney.com from a friend of mine. The transaction was really simple, fast & flawless. I was impressed with their ability to meet my need, so quickly.

    - Louis T. Cherian, Bangalore

  • Complete process was very hassle free, right from choosing of exchange rate, confirmation of order and receiving money. I am sure I wouldn`t have got this exchange rate and service quality if I directly walked in to anyone of the forex vendors

    - M Aditya Karan, Hyderabad

  • The entire experience was really smooth. I selected selected a vendor who would do door delivery. Got a quote instantly and the currency delivered in few hours. Will highly recommend this service.

    - Pradeep Govindaraju, Chennai

  • I opted for extravelmoney after doing a lot of research and visiting the banks where I have my accounts. The rates are undoubtedly the best in market and the process is absolutely hassle free.

    - Peter Anand Shah, Hyderabad

  • I have used their services twice and it was a hassle free experience. I would definitely recommend to anyone who needs forex.

    - Shiva Kumar, Bangalore

  • Highly delighted. Best exchange rates and good back up support. Overall, an awesome experience. One hundred percent recommended. Hope to deal with them again.

    - Ghouse Syed, Hyderabad

  • It came as a savior to me. The biggest challenge was to find a place nearby that would do it hassle-free at a reasonable price. Extravelmoney helped a great deal with that.

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  • Extravelmoney.com is a real pain killer for someone travelling abroad for the first time. Awesome service and very very fast response.

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The Fastest Way to Send Money to USA

Get Quotes

Enter the amount & get quotes from nearest banks & exchange houses instantly

Book Online

Compare the quotes, choose the one of your choice and book your money transfer

Transfer Funds

Transfer funds & submit the KYC directly to the chosen exchange house.

Collect Bill

Yes, Done! The transfer will be initiated the same day & you can collect the bill!

How it Works?

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“...ExTravelMoney has tied up with forex dealers and banks. Through 4000 stores of these partners, it could access the national market....”

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

“...ExTravelMoney is fast becoming the single-stop point for travellers, students, and business people travelling abroad...”

ExTravelMoney Is Rated 4.7 Stars by Trustpilot Based On Over 173 Reviews

Why you would get the Best Rate for US Dollar at ExTravelMoney?

  Marketplace Competition!

Being a marketplace for remittance services, every exchange house here tries to outbid others. They always bid the best possible rate, so that they get the money transfer order. Result, you get the best exchange rate for sending money to the US!

  Zero Commission!

We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred to beneficiary account in US and receive bill for the entire amount.

  Lock Rates

USD rates can fluctuate dramatically and even the slightest variations will have considerable impact. With Extravelmoney, you can observe and lock the rate when it is favorable. You can lock the rate for as much as 2 days by paying a small fully refundable rate lock fee.

Sending Money from India to USA is now Easy!

Be it university fee, emigration/visa fee or sending money to your close relative in US, we at ExTravelMoney.com can help you transfer money from India to USA in no time. You can opt for a Telegraphic/Wire Transfer (TT) or a Demand Draft (DD). We will get you quotes from banks and money transfer agents at your location. Compare, choose and place your order online. One of our remittance experts will then call and guide you complete the transaction, from getting the KYC documents ready to making the payment. Direct Credit to your beneficiary account in less than 48 working hours!

How to Transfer Money from India to USA?

Transferring Money from India to USA is really simple, just follow the 4 steps.

  • 1. Enter the amount in USD you need to transfer, the purpose of remittance and click on 'get rates'. Enter your location and you will get instant quotes from banks & exchange houses nearby.
  • 2. Compare the quotes, choose the one of your choice and book your money transfer order online. The booked rate will be valid for the entire day.
  • 3. You can now share the required KYC documents for verification. Once verified you can transfer the amount directly to the current account operated by the chosen exchange house as NEFT/RTGS.
  • 4. Yes done! Your money transfer order will be initiated as soon as the amount is credited. The beneficiary should receive it within 48 working hours. Collect the invoice as the proof of remittance.

Modes for Outward Remittance from India to USA

  • Wire Transfer/ Telegraphic Transfer (TT)

  • Foreign Currency Demand Draft (DD)

What is wire transfer?

Wire Transfer (TT Transfer/SWIFT Transfer) is an electronic mode of fund transfer (through SWIFT), with which you can transfer money from your Indian Bank account to an overseas bank account. Indian Banks and RBI approved Authorized Dealers has arrangements with over 400+ major banks across the globe to receive SWIFT messages which ensures safe and secure outward remittance from India.
Account holders of any Bank in India (resident and non-resident) can do a wire transfer from India.

What is a foreign currency Demand Draft?

A Foreign Currency Demand Draft is another facility for making international money transfer for educational payments, medical fees, VISA fees or migrating to other countries etc. Demand drafts are a safe option for making international money transfer as it is made 'favouring' the beneficiary. DDs can be reissued if lost or stolen.

Main Purposes of Sending Money to USA

  • Fee Payments to Universities/Colleges in US
  • 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 US
  • For Medical treatment in USA
  • Fee for participation in conferences or training

Documents Required for Money Transfer from India to USA:

Any of these documents can be required depending on the purpose of remittance.

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

Beneficiary details to be shared:

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

Benefits of making a Wire Transfer via ExTravelMoney.com

  • Most secure and trusted channel for international money transferS from India
  • Market-beating exchange rates
  • Compare instant quotes from different authorized dealers near you
  • Absolutely Zero Commission
  • Direct Credit to beneficiary account in less than 48 working hours
  • Network of 4500+ banks & exchange houses across India

Notes:

  • All foreign currency transactions are subject to Service Tax.
  • Foreign Exchange and Money Transfer services are available though Tied-up Reserve Bank of India approved Authorized Dealers only. All foreign exchange transactions are subjected to AML/CFT/KYC & FEMA policies instructed by Reserve Bank of India.

Frequently Asked Questions


1. What is the Liberalized Remittance Scheme of RBI for money transfer abroad?

The Liberalized Remittance Scheme is a facility provided by the RBI for all resident Indians including minors, to remit up to USD 2,50,000 (or its equivalent in any currency) per financial year (April - March).

The Scheme was introduced on February 4, 2004, with a limit of USD 25,000. The LRS limit has been revised over the years as per the economic conditions in India.

2. How much money can be transferred from India to the US

A Resident Indian can transfer a maximum of USD $2,50,000 or it’s equivalent in any currency from India to USA per year (check today’s US Dollar rate in India).

3. What are the different purposes of Outward remittance to the USA?
  • Private Travel to the United States of America

For private travel to the US, RBI allows any resident Indians to draw foreign exchange up to US$ 2,50,000 in a financial year from authorized dealers or fully-fledged money changers. This limit is applicable irrespective of the number of trips to the US in a financial year, as long as the total forex limit of the resident Indian falls below US$ 2,50,000. Out of this, 3,000 USD or equivalent can be taken abroad as cash (Currency) per trip. The remaining amount can be carried in forex card and/or traveller’s cheques.

In the case of arranged tours to the US, all tour related expenses including cost of rail/road/water transportation outside India and overseas hotel/lodging expenses shall be included under the LRS limit. The tour operator can collect this amount either in Indian rupees or in US Dollars from the resident traveller.

Study Abroad in a US university

Foreign exchange up to US$ 2,50,000 is permitted by RBI for the purposes of studying in the US. Amounts in excess of the limit can be released on the basis of documentary evidence of requirement like estimate received from a university abroad.

The Scheme can be used for outward remittance in the form of a DD either in the resident individual’s own name or in the name of the beneficiary with whom he/she intends putting through the permissible transactions at the time of private visit to the US, against self-declaration of the remitter in the format prescribed.

Individuals can also open, maintain and hold foreign currency accounts with a bank in the US for making remittances under the Scheme without prior approval of the Reserve Bank. The foreign currency accounts may be used for putting through all transactions connected with or arising from remittances eligible under this Scheme.

  • Medical treatment in the USA

A person going to the US for medical treatment is allowed foreign exchange up to an amount of USD 2,50,000 per FY without insisting on an estimate from a hospital/doctor. For amount exceeding the above limit, Authorised Dealers may release foreign exchange under general permission based on the estimate from the doctor in India or hospital/ doctor in the US. A person who has fallen sick after proceeding to the US may also be released foreign exchange by an Authorised Dealer (without seeking prior approval of the Reserve Bank of India) for medical treatment outside India.

In addition to the above, an amount up to USD 250,000 per financial year is allowed to a person for accompanying as attendant to a patient going abroad for medical treatment/check-up.

  • Employment in the US

A person going to the US for employment can draw foreign exchange up to USD 2,50,000 per FY from an Authorised Dealer in India.

  • Emigration to the United States of America

A person wanting to emigrate to the United States of America can draw foreign exchange from AD Category I bank and AD Category II money changers up USD 250,000. Remittance outside in excess of this limit may be allowed only for meeting incidental expenses in the US. This scheme cannot be used for the purpose of earning points or credits to become eligible for immigration by way of overseas investments in government bonds; land; commercial enterprise; etc.

  • Maintenance of close relatives staying in the USA

A resident Indian can send money to the US for the maintenance expense of their close relatives up to up-to USD 2,50,000 per Financial Year (April - March) [‘relative’ as defined in Section 2(77) of the Companies Act, 2013] abroad.

  • Gift Remittance / Donation to the USA.

Any resident individual may remit up to USD 2,50,000 in a Financial Year as a gift to a person residing in the US or as a donation to an organization in the US.

However, gift remittance can only be sent to Resident Indians, NRIs or Overseas Citizen of India (OCI).

A gift to foreigners is not possible under this scheme.

4. What is the best way to transfer money from India to the USA?

The best way to transfer money internationally from India is through “Wire Transfer/Telegraphic Transfer”.

It is fast and comparatively cheap.

This is the method used by banks and money changers in India to transfer money from India to the US.

To find the money transfer centre in your locality offering the best exchange rates and least service fees, you can use extravelmoney.com.

5. What are some of the RBI and FEMA guidelines for sending money to the USA?

These are some of the FEMA rules for sending money to Australia from India;

  • The maximum remittance limit for an Indian citizen is US$ 2,50,000 per financial year.
  • All money transfer abroad transactions should be paid through NEFT/RTGS or Online payment gateway modes such as internet banking and debit cards. Cash transactions are not accepted for money transfer abroad.
  • PAN is mandatory for sending money abroad under the LRS scheme of FEMA.

More information on RBI and FEMA Rules for money transfer abroad


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