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.
- Step 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.
- Step 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.
- Step 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.
- Step 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
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.
₹ 67,345 (approx)
