What’s the cheapest way to send money from the US to India?
Cross-Border Payments
Asked by Question Bot01/May/20121 answer
1 Answer
F
Faisal Khan
Answered 01/May/2012
Your best bet is to do a wire transfer int your Indian account. The fees (including mid-bank deduction fees, if any) would be maximum US$ 75.00 (typically expect US$ 35).
The treasury rate you will get from the bank is going to be inherently much better than you would get from any other money transfer company/service.
Typically, your surrendered Dollars would be given a rate of about 0.5% disparty at best from the official rate. Check with your bank to confirm the Inward T/T Rate for Remittances.
The treasury rate you will get from the bank is going to be inherently much better than you would get from any other money transfer company/service.
Typically, your surrendered Dollars would be given a rate of about 0.5% disparty at best from the official rate. Check with your bank to confirm the Inward T/T Rate for Remittances.