Best Money Transfer Rates to India (2024)

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What are the best money transfer rates to India? In today’s coordinated world, everyone is seeking the best money transfer rates to send money overseas, which has become a frequent need, especially for people who want to transact money to India. 

Although it is backbreaking to locate the best money transfer rates to India, you need to analyze currency markets, understand Indian remittance market trends, compare transfer fees, and devise strategies to enhance your rupee value. 

This article will uncover all the guides by providing top international money transfer services for India, comparing exchange rates, and providing useful insights to let you make informed decisions. 

Understanding the Currency Exchange Rates:

An exchange rate is defined “as the rate at which one currency will be exchanged for another currency”. 


The most often used reference currency is U.S. dollars, and all other currencies are quoted against it. For example, the USD/INR pair is 83.17, which means it costs 83.17 Indian rupees to get 1 U.S. dollar. This exchange rate shows how much a second currency (IND) is required to buy one unit of the first (USD). 

What are the factors that influence exchange rates for India?

Exchange rate fluctuations can increase or decrease your rupee value. Some aspects affect the exchange rates that you need to analyze or watch constantly so you can get the best possible foreign exchange rates for India.

These include interest rates, inflation rates, government debt, political standing, terms of trade, speculation, and the country’s current balance. Keeping an eye on these factors will help you learn the best time to send money abroad. 

Top Platforms for Sending Money to India:

You have many remittance service providers that give you secure and reliable transfers to India. But to choose the best online transfer services for India, you need to consider exchange rates, speed of transfers, and fees.

Here we review the top international money transfer platforms that give you the best USD to INR exchange rates. You can compare these services to get the best currency conversion.

XE Money Transfer Rates:

Learn more about XE money here.

  • Rate: ₹82.88
  • Transfer amount: 1000 USD
  • Amount Received: ₹82,880
  • Transfer fee: $0.00
  • Transfer time: 0–2 hours.
  • Transfer limit: no limits.
  • Rate type: indicative.

See XE Money transfer promotions.

Wise Money Transfer Rates:

Learn more about Wise money here.

  • Rate: ₹83.22
  • Transfer amount: 1000 USD.
  • Amount Received: ₹82,623
  • Transfer fee: $7.18
  • Transfer Time: 0–1 hour
  • Transfer limit: $1-$1000000
  • Rate type: locked.

See Wise Money transfer promotions.

Panda Remit Money Transfer Rates:

  • Rate: ₹83.22
  • Transfer amount: 1000 USD.
  • Amount Received: ₹83,220
  • Transfer fee: $0.00
  • Transfer Time: 0–2 minutes.
  • Transfer limit: $100-$3,000
  • Rate type: locked.

Abound Money Transfer Rates:

  • First-time rate: 85.00
  • Regular Rate: ₹82.89
  • Transfer amount: 1000 USD.
  • Amount Received: 85,000 (first time) 82,890 (regular)
  • Transfer fee: $0.00
  • Transfer Time: 3 days.
  • Transfer limit: $0–$7500
  • Rate type: indicative.

Instarem Money Transfer Rates:

Learn more about InstaRem here.

  • Rate: ₹83.04
  • Transfer amount: 1000 USD.
  • Amount Received: ₹83,040
  • Transfer fee: $0.00
  • Transfer time: 2 days.
  • Transfer limit: no limits.
  • Rate type: locked.

See Instarem promotions here

Remitly Money Transfer Rates:

Learn more Remitly here.

  • Rate: ₹82.799
  • Transfer amount: 1000 USD.
  • Amount Received: ₹82,799
  • Transfer fee: $0.0 USD.
  • Transfer time: 3-5 days.
  • Transfer limit: $0-$20,000
  • Rate type: locked.

MoneyGram Money Transfer Rates:

  • Rate: ₹82.87
  • Transfer amount: 1000 USD
  • Amount Received: ₹82,875
  • Transfer fee: $1.9
  • Transfer time: 0–3 hours.
  • Transfer limit: $0–$25,000
  • Transfer type: locked.

See MoneyGram promotions here.

How do I get the best exchange rates for money transfers from the USA to India?

To get the best exchange rates for India, all you need to do is compare US dollars (USD) to Indian rupees (INR) by remittance exchange rates to send money to your loved ones. You can also check the reviews, transfer speed, and promotions.

Helpingdesi compared the top 7 online transfer services for India, which give you secure and reliable transfers to India.

Take a guide to open a US bank account.

Comparing transfer fees and exchange rates:

In the best transfer rate comparison currently, Abound gives you the best rate for money transfers to India, which is 1 USD = 85.000 INR.

If you want to save on your transfer costs, various remittance services give you cheap transfers: XE, Panda Remit, Abound, Instarem, and Remitly, which charge you $0.00 in transfer fees for USA to India transfers. 

Evaluating transfer speed:

For the fastest money transfers to India, Panda Remit (2 minutes), Wise (1 hour), and XE (2 hours) are the best competitive providers that give you more expeditious transactions than others.

Strategies to secure the best transfer rates for India:

Here’s how you can secure the best transfer rates for India:

  • Stay informed about the Indian exchange market trends. 
  • Sign up with reputable currency exchange services, taking into consideration their fee structure, speed of transactions, and sending limits.
  • Compare different remittance providers to get the best rates available.
  • Activate the rate alert and get notified about the fluctuations in the exchange rate. 
  • While sending money abroad, also head on timings when the markets are active to get competitive rates.
  • If you use a forward contract, it lets you lock in a favorable exchange rate for a future date.

Also read! How to call India from the USA.

Future trends in money transfer to India:

According to the World Bank, India is the biggest recipient of payments. Due to this increase, the remittance industry has developed future trends to give you more reliable transfers.

  • Advancement and technology have enabled more online and mobile-based remittances.
  • For secure and reliable transfers, blockchain technology is implemented.
  • More financial services are emerging with the help of fintech partnerships. 

Finalizing:

When it comes to sending money abroad or choosing the best remittance provider to transfer money to India, many services pop up, but to make informed decisions, you need to analyze your requirements. 

Whether you want the cheapest provider, fast transfers, or the competitive exchange rates above, the comparison table above will help you get the best pick for you. 

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