Question 1

What is the best way to send money from USA to India?

Accepted Answer

Today, Xoom delivers the highest amount — ₹94,700 for every $1,000 sent, at a rate of 94.6998 INR per USD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's USD to INR exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 USD = 94.7825 INR. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send $1,000 to India?

Accepted Answer

Costs vary significantly. The best provider (Xoom) gives you ₹94,700 after fees. The worst (OFX) only gives you ₹90,864. That's a difference of ₹3,836 on a single $1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Xoom typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to India?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 XoomBest value	Free	94.6998	₹94,700	Minutes	Send
2 Remitly	Free	94.6500	₹94,650	Minutes	Send
3 State Bank of India	Free	94.3500	₹94,350	1–2 days	Send
4 Moneygram	USD 1.99	94.5176	₹94,330	Minutes	Send
5 Instarem	Free	94.2353	₹94,235	Same day	Send
6 Wise	USD 11.72	94.7825	₹93,672	Within hours	Send
7 Wells Fargo	Free	91.7883	₹91,788	1–3 days	Send
8 OFX	USD 5.00	91.3202	₹90,864	1–2 days	Send

Send Money from USA to India — Best USD/INR Rates

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