Remittance options to remit money to India

Updated on: 2020-04-02 - 9 mins read

With a fast-developing world there are many remittance options (online money transfer services) available. But you need to choose the right one for you. There’s a website where you can compare the various remittance providers based on their transfer fees and exchange rates. A high precision calculator gives final receivable amount by including all sneaky and hidden charges. You can see the currency rate forecast and some in-depth analysis as well.

RemitAnalyst allows you compare various remittance providers as I quoted earlier. Current the website helps you compare live exchange rates and predict future exchange rates to send money to India from United States, Canada and Australia. The website landing page looks something like this:

You must be wondering how it works! Follow the steps provided below:

Step 1: Select desired options in Calculator

Enter the amount of money to send, select source and destination countries, choose your desired payment sending method (Bank ACH is set as default) & click "COMPARE". See the GIF below:

Step 2: Choose preferred sorting

Sort results by clicking appropriate option based on your preference (for example, sort by best rate or fastest or both). See the GIF below:

Step 3: Check Predicted Rate and Current Rate

WAIT! Check if the current rate matches or exceeds the predicted rate. The RemitAnalyst Thumbs up symbol identifies the current exchange rate as a good deal for that remittance provider from our analytics. See the GIF below:

Step 4: Review Deals, Rates and Time

Review comparison results, pick the best deal & click "SEND" to go directly on a money transfer service provider website for sending money. See the GIF below:

As quoted above, there’re 3 corridors on RemitAnalyst that can help you find the best deal while sending money to India:

  1. US to India (USD to INR)
  2. Canada to India (CAD to INR)
  3. Australia to India (AUD to INR)

Let’s discuss all 3 corridors here:

US to India (USD to INR)

If you’re looking to send money to India from US then you can check the best exchange rates, transfer fees and final currency forecast for each leading remittance provider (money transfer service provider).

Check all important information, pros and cons, brief summary and reviews before you send money home. Here is a list of world's most recognized and trustworthy money transfer services to send money from USA to INDIA (US Dollar to Indian Rupee):

You can learn more about the remittance providers by simply clicking on their respective buttons. Here are the screenshots of the top 7 Remittance providers:

1. MoneyGram (USD to INR): MoneyGram is a global provider of innovative money transfer and payment services. They’re built upon a foundation of trust, reliability, innovation and convenience. Tens of millions of consumers around the globe depend on them to get money from point A to point B quickly and securely.

2. InstaReM (USD to INR): InstaReM is a licensed remittance service provider and is regulated and licensed by authorized bodies of 8 countries including USA, Australia, Singapore, Hong Kong and Malaysia to send money to 55+ countries through a network of 8000+ banks. In India, InstaReM is approved by the Reserve Bank of India (RBI) to offer outward remittance services for the purpose of overseas education, foreign travel, medical assistance and more.

3. TransferWise (USD to INR): TransferWise is an authorized Electronic Money Institution independently regulated by the Financial Crimes Enforcement Network (FinCEN) the United States. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. TransferWise never hides extra fees and charges in the exchange rate

4. Remitly (USD to INR): Remitly is a mobile payment service that specializes in helping immigrants in the United States transfer money back to family members around the world. Remitly only processes international transfers and do not handle domestic transactions.

5. Ria Money (USD to INR): Ria a global leader in money remittances and part of an industry that moves more than $575 billion each year. With a worldwide network of 385,000 locations in 160 countries, Ria continues to make the world a smaller place by closing distances between families and their loved ones through world-class money transfer. Ria also offers bill payment, mobile top-ups, prepaid debit cards, check cashing, and money orders. With every service that Ria provides, they work hard to provide the most positive experience possible. With a strong presence in almost every continent around the world, Ria is a brand that millions of people trust.

6. Xoom (USD to INR): Xoom offers fast, easy, and secure ways to send money, reload phones, and pay bills for family and friends around the world. PayPal Service based xoom is an electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States and Canada to 131 countries. The company was founded in 2001, is based in San Francisco, CA, and has an office in Guatemala City, Guatemala. In November 2015, PayPal acquired Xoom Corporation for $25 a share in cash, or about $1.09 billion. Prior to that, Xoom was an independent publicly traded company and was initially backed by venture firms including Sequoia Capital, New Enterprise Associates, SVB Capital, and Fidelity Ventures.

7. OFX (USD to INR): OFX has grown to become a truly global company. More than ever we are committed to helping our customers navigate through, and thrive within, the ever-changing world we live in today. OFX is trusted by customers all around the world and have grown from two employees to over 200. OFX also managed over 1 million transfers and exchanged more than $119 billion. The only thing that hasn’t changed, is that OFX still just as focused on giving you the best exchange rate and the fastest money transfer backed by leading customer service.

Canada to India (CAD to INR)

If you’re looking to send money to India from Canada then you can check the best exchange rates, transfer fees and final currency forecast for each leading remittance provider (money transfer service provider).

Check all important information, pros and cons, brief summary and reviews before you send money home. Here is a list of world's most recognized and trustworthy money transfer services to send money from CANADA to INDIA (Canadian Dollar to Indian Rupee) :

You can learn more about the remittance providers by simply clicking on their respective buttons. Here are the screenshots of the top 7 Remittance providers:

1. CurrencyFair (CAD to INR): CurrencyFair allows individuals and businesses to exchange currencies and send funds to bank accounts worldwide. It uses a unique person-to-person online marketplace to facilitate currency exchange between users, in a simple and anonymous fashion.

2. Remitly (CAD to INR): Remitly is a mobile payment service that specializes in helping immigrants in the United States transfer money back to family members around the world. Remitly only processes international transfers and do not handle domestic transactions.

3. InstaReM (CAD to INR): InstaReM is a licensed remittance service provider and is regulated and licensed by authorized bodies of 8 countries including USA, Australia, Singapore, Hong Kong and Malaysia to send money to 55+ countries through a network of 8000+ banks. In India, InstaRem is approved by the Reserve Bank of India (RBI) to offer outward remittance services for the purpose of overseas education, foreign travel, medical assistance and more.

4. TransferWise (CAD to INR): TransferWise is an authorized Electronic Money Institution independently regulated by the Financial Crimes Enforcement Network (FinCEN) the United States. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. TransferWise never hides extra fees and charges in the exchange rate.

5. MoneyGram (CAD to INR): MoneyGram is a global provider of innovative money transfer and payment services. They’re built upon a foundation of trust, reliability, innovation and convenience. Tens of millions of consumers around the globe depend on them to get money from point A to point B quickly and securely.

6. RemitBee (CAD to INR): RemitBee is one of the most reputable and leading money transferring online companies in Canada. We are regarded as one of the best ways to transfer money from Canada to India. You can download RemitBee’s Money Transfer app on Google Play or Apple App stores. Once downloaded, you can immediately start using it to send money to India.

7. PaySend (CAD to INR): PaySend is a money transfer platform which lets users send money to bank accounts in India with zero transfer fees. We’ve amassed over 1.5 million happy customers in less than 3 years, and our popularity is growing rapidly as more people hear about our service. Our clear and simple app makes it easy for users to send money to India from their smartphone; alternatively, users can make transfers on our website. We use competitive exchange rates to make sure as much of our users’ money reaches India as possible. Money usually arrives in India within a few minutes (although can take longer if your recipient’s bank isn’t quite as fast as us!), so it’s easy to transfer funds to India quickly with PaySend!

Australia to India (AUD to INR)

If you’re looking to send money to India from Australia, then you can check the best exchange rates, transfer fees and final currency forecast for each leading remittance provider (money transfer service provider).

Check all important information, pros and cons, brief summary and reviews before you send money home. Here is a list of world's most recognized and trustworthy money transfer services to send money from AUSTRALIA to INDIA (Australian Dollar to Indian Rupee) :

You can learn more about the remittance providers by simply clicking on their respective buttons. Here are the screenshots of the top 7 Remittance providers:

1. ICICI Money2India (AUD to INR): ICICI Bank is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs.12.50 trillion at June 30, 2019. ICICI Bank currently has a network of 5,275 branches and 15,589 ATMs across India. ICICI Bank has partnered with several banks and exchange houses to provide you convenient, efficient, attractive money transfer options. Options include Insta Transfer, Speed Transfer, Demand Drafts.

2. WorldRemit (AUD to INR): Headquarters of WorldRemit is in London, United Kingdom, and they also have regional hubs in Poland, the Philippines, and the United States. WorldRemit is as diverse as its customers with over 30 nationalities. WorldRemit’s management, led by CEO Breon Corcoran, comes from many backgrounds and disciplines, but shares a common commitment: digitizing the future of money transfers down to the last mile. WorldRemit is fast: over 90% of our transactions are authorized within minutes, and 70% of our mobile-to-mobile transfers take less than 3 minutes. WorldRemit delivers money to those who need it quickly, securely, and at low-cost – making sure your hard work goes further.

3. PaySend (AUD to INR): PaySend is a money transfer platform which lets users send money to bank accounts in India with zero transfer fees. We’ve amassed over 1.5 million happy customers in less than 3 years, and our popularity is growing rapidly as more people hear about our service. Our clear and simple app makes it easy for users to send money to India from their smartphone; alternatively, users can make transfers on our website. We use competitive exchange rates to make sure as much of our users’ money reaches India as possible. Money usually arrives in India within a few minutes (although can take longer if your recipient’s bank isn’t quite as fast as us!), so it’s easy to transfer funds to India quickly with PaySend!

4. InstaReM (AUD to INR): InstaReM is a licensed remittance service provider and is regulated and licensed by authorized bodies of 8 countries including USA, Australia, Singapore, Hong Kong and Malaysia to send money to 55+ countries through a network of 8000+ banks. In India, InstaReM is approved by the Reserve Bank of India (RBI) to offer outward remittance services for the purpose of overseas education, foreign travel, medical assistance and more.

5. CurrencyFair (AUD to INR): CurrencyFair allows individuals and businesses to exchange currencies and send funds to bank accounts worldwide. It uses a unique person-to-person online marketplace to facilitate currency exchange between users, in a simple and anonymous fashion.

6. TransferWise (AUD to INR): TransferWise is an authorised Electronic Money Institution independently regulated by the Financial Crimes Enforcement Network (FinCEN) the United States. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. TransferWise never hides extra fees and charges in the exchange rate.

7. MoneyGram (AUD to INR): MoneyGram is a global provider of innovative money transfer and payment services. They’re built upon a foundation of trust, reliability, innovation and convenience. Tens of millions of consumers around the globe depend on them to get money from point A to point B quickly and securely.

Thus, you can bookmark and visit RemitAnalyst to check & compare best exchange rates of various remittance providers. You can check reviews, pros, cons and their features as well.

Remember, if it's remittance, just go to RemitAnalyst.