Various ways to send money to India includes the following:
1.Xoom.com
Xoom.com is an online-to-offline instant money transfer
service. It offers a secure, fast, and inexpensive means
of sending money from USA to India. Recipients do not
require a bank account or an Internet connection to
receive funds. All money transfers made from USA are
available for pick up in cash in India within minutes
of the online transaction. Xoom is partnered with Paypal,
one of the leading transaction processors in the world,
and local distribution partners in India who handle
the cash disbursement.
2. Wire Transfer
It is the most popular way to transfer money worldwide. Most
of the banks in USA have this service available. You
can transfer your fund directly to any foreign bank
account. It is a quick and easy service. Contact your
bank for further details. Wire transfer service charges
vary from bank to bank. Shop around with different banks
to get the best deal.
3. Through your NRI-NRE Account Preferred by most of the Indians, it is a trusted and efficient way to send money to India. You need to open an NRE account in order to use this service. You can deposit money in dollars here in USA, and the authorised person back in India can withdraw it in Indian rupees. It takes about a weeks time. This is non-taxable. Most of the banks in India provide NRI/NRE account facilities. Few of them provide online services. Checkout more on NRI accounts. Banks providing money transfer through NRI accounts:
SBI,
CITIBANK,
HDFC 4. Personal Checks Personal Checks are your usual checks against your checking/saving account with any US Bank. It takes lot of time in clearance. Few Indian banks do not charge a service fee. It is better to send them through a reliable mailing service.
5. Cashier's Check or Money Order This can be done at any local Bank. It may involve service charge and some delay to encash out side USA. 6. Bank Draft in $'s Usually, a $10 service fee (in a US Bank) is involved. Ask your nearest bank for more details. 7. Bank Draft in Indian Rupees SBI (State Bank of india) and Citibank (1-800-CITINRI) have the facility for Bank draft made in Indian rupees, which can be encashed instantly in India. SBI draft is free if the amount is more than Rs 50,000, else a flat charge of $10 will apply. Checkout the locations
of SBI in USA.
8. Money Orders Most banks accept these money orders and can pay in equivalent Indian rupees. This is one good, safe, inexpensive, and fast method, as in this case if it gets lost, full money with a very little deduction is recoverable. Service charge is of 50-99 cents, depending where you are in USA.
9. Western Union This organization provides services to send and receive funds around the world. They have agents located throughout the world. Sending money through them is also fast. Charges depends on the amount and the country. Checkout their website
for more details. Related Information: Indian Banks and their branches in USA:
 Tips
- All aforementioned have different ways of operations, time limit and criteria. Choose and decide the best suitable service for you.
- If it is a Money order/Draft make a copy of it and keep safely, atleast till it reaches to the destination.
- Always get proper receipts of whatever media you choose for money transfer.
- Follow up with the bank or agency, in case of any delay.
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