USD$ = 95.81₹ GBP£ = 128.60₹ EUR€ = 111.17₹ CAD$ = 69.44₹ AUD$ = 68.30₹ AED = 26.09₹ SGD$ = 74.86₹ NZD$ = 56.14₹ SEK = 10.22₹
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Send USD to India

Compare rates and fees before you transfer

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Check the USD-INR rate, fee, and payout before you remit

Use the calculator first, then continue with Wise when the rate and payout look right.
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Related guides

US NRI Tax Guide

NRI Banking

NRI Investment

Common Questions

Online transfer services like Wise, Remitly, and OFX typically offer better exchange rates and lower fees than banks. The cheapest option depends on the amount — for smaller transfers, services with flat fees work out best. For larger amounts (USD 5,000+), services with tighter exchange rate spreads save more. Always compare the total cost (fee + exchange rate margin), not just the fee.
Most online services deliver within 1-2 business days. Wise often completes transfers within hours if paid via ACH debit. Bank wire transfers typically take 2-4 business days. Instant transfers are available with some services for a premium fee. Speed depends on the payment method — ACH is slower but cheaper than debit/credit card funding.
There’s no limit on receiving foreign remittance in India. However, amounts above USD 50,000 in aggregate gifts from non-relatives are taxable for the recipient in India. For family transfers (spouse, parents, siblings), there’s no tax on the receiving end regardless of amount. On the US side, gifts above USD 18,000 per recipient per year (2025 threshold) require filing Form 709, though no tax is typically owed until the lifetime exemption is exhausted.
Sending money to India is not itself a taxable event. However, if you’re sending to non-relatives and the amount exceeds the annual gift exclusion (USD 18,000 per recipient in 2025), you must file Form 709 (Gift Tax Return). Also, if your Indian bank accounts exceed USD 10,000 in aggregate at any point, you must file FBAR (FinCEN Form 114). These are reporting requirements, not necessarily additional taxes.

USD to INR — The Biggest Remittance Corridor

The US-to-India corridor is one of the largest remittance routes in the world. Getting the best rate matters — even a 0.5% difference on a USD 10,000 transfer is USD 50.

How to Compare Remittance Options

The true cost of a transfer has two parts:

  1. Transfer fee — the explicit charge (flat fee or percentage)
  2. Exchange rate margin — the difference between what the provider gives you and the mid-market rate

Some services advertise “zero fees” but hide the cost in a worse exchange rate. Always compare the total amount the recipient gets in INR for the same USD amount — that’s the only number that matters.

Wise (formerly TransferWise)

  • Rate: Mid-market rate (no markup)
  • Fee: Small flat fee + percentage (varies by payment method)
  • Speed: Hours to 1 business day
  • Best for: Regular transfers, transparency

Remitly

  • Rate: Slightly marked up from mid-market
  • Fee: Varies by speed tier (Express vs Economy)
  • Speed: Minutes (Express) to 3-5 days (Economy)
  • Best for: Urgent transfers, first-time user promos

OFX

  • Rate: Competitive for large transfers
  • Fee: No transfer fee on most amounts
  • Speed: 1-2 business days
  • Best for: Large transfers (USD 5,000+)

Western Union

  • Rate: Higher margin than online-only services
  • Fee: Varies by payment and delivery method
  • Speed: Minutes (for cash pickup)
  • Best for: Cash pickup if recipient doesn’t have a bank account

Bank wire transfer

  • Rate: Typically worst exchange rate
  • Fee: USD 25-50 per transfer
  • Speed: 2-4 business days
  • Best for: Very large transfers where your bank offers negotiated rates

Tips for US NRIs Sending Money

  • Use ACH for funding — cheaper than debit/credit card, though slightly slower
  • Set rate alerts — tools like Google Finance or Wise let you set alerts when USD-INR hits your target rate
  • Batch transfers — if you send regularly, one larger monthly transfer is cheaper than multiple small ones
  • Check recipient bank — NRE accounts receive foreign remittance tax-free; NRO accounts may have TDS implications
  • Keep records — maintain transfer receipts for both US and Indian tax filing

Rates and fees change frequently. Always compare current rates before transferring. NRIWallah may earn a commission from partner links — our comparisons remain unbiased.

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Check the USD-INR rate, fee, and payout before you remit

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