For many Non-Resident Indians (NRIs), sending money back home is a regular and meaningful responsibility. Whether you’re supporting family, investing in property, or covering educational expenses, it’s important to transfer funds efficiently, securely, and affordably.
With several options available, choosing the right money transfer method can feel overwhelming. This guide breaks down everything you need to know:
- A step-by-step process
- The benefits of using online transfer services
- How to get started with confidence
Step-by-Step Process: Sending Money from the USA to India
1. Choose a Money Transfer Service
Begin by selecting a reliable provider. Some of the most popular options include:
- Wise (formerly TransferWise)
- Remitly
- Xoom (by PayPal)
- Western Union
- MoneyGram
- Bank wire transfers
When comparing services, consider the following:
- Exchange rates offered
- Transfer fees
- Speed of delivery
- Delivery methods (bank deposit, UPI, or cash pickup)
- Customer reviews and support
2. Create an Account
Sign up on the provider’s website or app. You’ll typically need to provide:
- A valid photo ID (passport or driver’s license)
- Proof of U.S. address (utility bill, lease agreement, etc.)
- Recipient details (full name and Indian bank account information)
3. Enter the Transfer Details
Input the amount you wish to send, choose the currency (USD to INR), and fill in the recipient’s bank details. Some services also offer alternative options such as UPI or cash pickup.
4. Choose a Payment Method
Depending on the platform, you may fund your transfer using:
- Bank account (ACH transfer)
- Debit card
- Credit card (note: often comes with higher fees)
- Wire transfer from your U.S. bank
5. Track Your Transfer
After completing the transaction, you’ll receive a confirmation and a tracking number. Most providers offer real-time tracking through their apps or websites so you can monitor the transfer status.
Benefits of Using Online Money Transfer Services
Speed
Many services offer near-instant or same-day transfers, with most taking no more than 1–2 business days.
Better Exchange Rates
Compared to traditional banks, online platforms often provide more competitive USD to INR exchange rates.
Lower Fees
Fees are generally lower—especially when using direct bank transfers (ACH). Credit card payments tend to have higher costs.
Convenience
Transfers can be completed 24/7 from your mobile device or computer, without visiting a branch or agent.
Security
Reputable providers are regulated by financial authorities and use strong encryption, secure authentication, and fraud monitoring systems.
How to Get Started
Step 1: Compare a few top-rated providers based on cost, speed, and reliability.
Step 2: Sign up and verify your identity.
Step 3: Enter the recipient’s information and conduct a small test transfer.
Step 4: Once confident, you can schedule future or recurring payments as needed.
Final Thoughts
Sending money to India is simpler and safer than ever before. Thanks to digital platforms, NRIs can make fast, cost-effective transfers with just a few clicks. Always take a moment to compare exchange rates and fees, and double-check recipient details before confirming any transfer.
By choosing the right provider and staying informed, you can ensure your money gets home efficiently—while saving time and money in the process.