Sending Money to India

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Contents

Overview

Transferring money from US to other countries has never been so easy. There are three different ways you can transfer money: Online, Phone and at a location. Maximum permitted amount that you may send depends on a variety of factors, including recency, frequency and aggregate amount of past transfers and whether the current transfer is from certain states and/or to certain destinations or billers.

Precautions

  • Never send money to a stranger using a money transfer service.
  • Beware of deals or opportunities that seem too good to be true.
  • Don’t use money transfer services to pay for things like online auction purchases.
  • Never send money to pay for taxes or fees on foreign lottery winnings.
  • Never send a money transfer, in the name of a friend or relative, with the intention of changing the name to someone you have not met personally.
  • Never send a money transfer, in the name of a friend or relative, in order to delay payment of the transaction to someone you have not met personally.

Options

Bank Web Site Good/Bad/Ugly
ICICI Bank http://www.icicibank.com Transfers in 5 day. reasonable dollar rate
SBI Bank http://www.onlinesbi.com/ Unknown

Wiki Discussions

  1. Sending Money 2 India
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