Top 5 Remittance Service to India from the USA

Top 5 Remittance Service to India from the USA

Remittance service to India from the USA has taken a big leap in the past couple of years. The key factors contributing to the increasing demand for such a service is more and more Indians going abroad to settle down. Far away from their families, they make a transfer every month to fund the daily expenses of their families, far away from friends; they make a transfer to support the emergencies of close friends and relatives. There are even individuals working for US companies or companies having freelance professionals and business associates in India; under such a scenario as well remittance service takes a vital purpose and meaning. To fulfill all these needs and funds the requirements here is for you some of the best remittance service providers to India from the USA.

Take a quick look into the top 5 remittance service from the USA to India

WorldRemit

Rate: ₹    70.4231

Transfer Fee: $0.99

Rate Type: Locked

Transfer Time: 1 to 2 Business Days

This is an excellent remittance service provider with cash pick up and deposit speeds at its maximum. It offers a spectrum of transfer mode at the most minimal charges. However, the maximum limit of transfer varies from country to country.

Some of the key highlights include:

  • Low cost of money transfer to India from the USA
  • Transfer quick and easy money to friends and relatives
  • Convenient cash pick or direct bank transfer

Western Union

Rate: ₹ 70.92

Transfer Fee: $0

Rate Type: Locked

Transfer Time: Maximum 3 to 4 Business Days

Western Union is a reputed and trusted name in the money transfer sector. Since years, the service provider is working with ethics, honesty, and transparency to transfer money from the USA to India and across other boundaries as well. It is easy, efficient, and most convenient to use by any individual, company, or entity just within a fraction of a few minutes.   The transaction usually takes place with immediate effect or maximum of 3 working days depending on the countries between which the transaction takes place.

Some of the key highlights include:

  • Faster cash pick from various locations
  • Dollars are conveniently converted to Indian Rupees with high level of trust and transparency

Xoom

Rate: ₹ 70.34

Transfer Fee: $0

Rate Type: Locked

Transfer Time: 0 to 1 Hour

Xoom in the present day is one of the most progressive and intuitive service providers for money transfer from the US to India. Not wrong to mention that it has spearheaded the digital experience concerning remittance. The provider uses the PayPal mode to transfer quick, easy, and convenient money with cash pickup available in less than 15 minutes. It also supports bank deposits with ease. However, the exchange rates stay fixed for all transfers, but the transaction fee varies depending on the amount of money to be transferred.

Some of the key highlights include:

  • Instant bank deposits to HDFC, Axis, PNB, and Yes Bank
  • Maximum amount per transaction is $25,000
  • Cheap remittance service with a fee of $2.99 for transfer to direct bank accounts and $4.99 for transfer to any card, credit or debit
  • An easy method of tracking all transfers
  • Easy to use the mobile app for quick processing and more efficient use of the service

TransferWise

Rate: ₹ 70.95

Transfer Fee: $8.92

Rate Type: Locked

Transfer Time: Maximum 2 Days

TransferWise is also a reputed name in the financial sector that caters to online international money transfer through a safe, secure, and user-friendly interface. The service provider with its roots in London is strongly supported by the money transfer concept of Richard Branson with an excellent conversion rate. To mention in numbers, the remittance service provider supports more than 40 currencies worldwide with its access across 74 countries.

Some of the key highlights include:

  • Cheap transfers with a charge of $1 and 0.65% of the converted amount
  • Supports all form of the transaction including NEFT, RTGS, and IMPS
  • Supportive and functioning mobile application
  • Daily limits for transfer 500,000 INR

MoneyGram

Rate: ₹ 70.506

Transfer Fee: $2.99

Rate Type: Locked

Transfer Time: 24 Hours

MoneyGram is a leading and significant player in the market winning the trust of thousands of people from across the globe with its excellent remittance service.  To transfer an American dollar to Indian Rupees is so convenient, easy, and quick with this service. However, the transfer fee is slightly on the higher edge, but the other supporting benefits make this service provider a hit in the market.

Some of the key highlights include:

  • The transaction takes place within 24 hours
  • An option to add any personal notes to any transaction
  • Presence in more than 200 countries with more than 400 thousand agents across
  • Has been in the market for more than 70 years now