How to transfer money from India to USA easily

If you’re trying to send money from India to the USA, this is the information you are looking for. Sending money to any country outside is called Outward Remittance and the process involves many rules and regulations. Especially, if it is a huge amount and the transfer is through banks or other government based financial institutions. In this article, we will look at different ways to send money to someone in USA through banks or whatever means is available.

Related: How to transfer money from USA to India & Best way to send money to India from USA.

1. PayPal

PayPal is the popular method of money transfer and shopping in various currencies. It is very simple to transfer money from India to USA using PayPal. Create a PayPal account in India and link your bank account with it. The account number will be your email id. After logging in to your account,you can transfer the money to another PayPal account in USA by using the ‘Send Money’ option. The exchange rate depends on the day of transfer. Recently RBI has made some strict regulations for using PayPal in India. Check with the PayPal customer care before making the transaction.

2. OutRemit

OutRemit is India’s 1st online outward remittance service and currently it can be used only for paying the educational expenses for the students studying in Universities.To send money, register yourself with the website with the details like bank details in India, University or Institute in USA for which the expenses has to be paid.The transfer fee is $5 and the money reaches the recipient in 2 working days.The money can be received as a demand draft or a credit in bank account and the transaction can be tracked online.

3. SWIFT Transfer

SWIFT (Society for Worldwide Interbank Financial Telecommunication ) is the fastest way of offline transfer through banks in India. To make this transfer you need to visit your bank and fill up the transfer form with details like name of the beneficiary,account number,address of the bank and swift code.After you submit this form, the money is debited from your account and transferred to the beneficiary with in 72 hours. This facility is offered by many banks like ICICI,SBI,Axis etc.This method is also called Wired transfer.

4. Money Gram

Money Gram is also a method for International money transfer and is similar to Western Union.It offers two types of services named Same day service and Economy service. In same day service, the money is sent to the money gram agent in your location and you can collect it on the same day. In economy service, money is sent to your bank account and it will be received in 3 days. The transfer fee varies depending on the service and the amount and it can be found out using the Cost estimator page.

Also read >  20 Ways to Make Extra Pocket Money

5. Post offices

The Indian Postal Department has collaboration with the money transfer agencies like Western Union,Money Gram etc for sending money abroad.It has some limitations like the maximum amount per transaction is $2500 and you can make only 12 transactions per year.You can visit your nearest post office and get details about the procedure.

6. Foreign Currency Demand Draft

Sending money through demand draft is the oldest and slowest method and it can be used if you don’t have other options. You can visit the bank where you have account and make a demand draft for the amount you want to transfer. The draft will be made in dollar and the equivalent rupee amount will de deducted from your account. The bank will charge Rs.200 to 600 for making the draft. The draft will be sent by post and it may reach the recipient in 7 to 10 working days. You have to pay the postal charges also and there is no option for tracking the package.

7. E-transfer

If the account is in the same bank in India as well as US, you can use this method of transfer. It is also called Electronic transfer.It is similar to the way you transfer funds across local bank accounts in India and the money is received within the same day or maximum of 2 days.

If you’re looking to transfer money to India via online banking, do check out these tips.

Via Banks

The other option is to use your banks to send money to your loved ones in the USA. Most banks have outward remittance options including ICICI bank, AXIS bank etc. You have to always mention the purpose of your remittance. For example, student loan, emigration, maintenance of relatives etc.


Hi, Mani Karthik here. Having lived in USA, India & Middle East, and worked for big MNC’s to startups, I have a lot to share with you. My aim is to help people, by sharing everything I’ve learned in life, through this blog. It’s read today by more than 150K people world over! I currently live in LA, California and visit India occasionally. Here’s my full story on who I am and why I blog. Connect with me on FacebookInstagram, Twitter or WhatsApp (+001-408-489-4785). Happy to help! 🙂

10 Comments

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  • Hi Mani

    I want to send just USD 3.2 to Paypal USA, as they have locked my account for negative balance. They have listed 3 ways to send the money.

    To resolve a negative balance by sending a check, cashier’s check or money order via Western Union to Paypal.

    Are any of the above 3 methods of transfer possible from India or Indian Bank.

    Thanks

  • Sir,my daughter is working in Seattle on H1B,I want to sond her an amount of 96000usd to her.And I tried it through SBI net banking where I am holding the account,but it is showing as we are exceeding the limit of transaction .We wish to send some amount within this financial year.can you help us with the rightway and amount I can transfer?

    • This is going to be difficult for you because of the amount. You can remit not more than US $ 25,000 in a financial year. I suggest contacting a tax attorney or CA.

  • I want to send dollars to my son studying in USA in his account there. I am having bank account in State bank of India.Kindly let me know how it will be possible to send him the money. My account is maintained in Indian rupees.

    • DEAR MR. INDRA,
      JUST VISIT SBI ,FOREIGN EXCHANGE DEPARTMENT HEAD. SBI IS HAVING OFFICE IN US .ASK YOUR SON TO OPEN ACCOUNT IN SBI US BRANCH[IN USA] AND THEN INFORM SBI ACCOUNT NO. OF SON.,NAME AND BRANCH WHERE HE IS HAVING ACCOUNT.
      THEN AFTER YOU DEPOSIT YOUR AMOUNT IN THE MORNING, SBI WILL TRANSFER FUNDS AND IT WILL BE CREDITED WITHIN 2 HOURS.
      CONTACT NEAREST SBI BRANCH.
      THANKS,

      VIJAY

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