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Whether it be to a close relative abroad, a foreign institute, your account abroad, a medical institution or hospital, book your trip or for immigration, CurrencyKart can help you Transfer Money to USA. It can either be through Online Money Transfer or Wire Transfer. Once you fill in the details of the money transfer on our website, our team would find you the best quotes from different agents and institutions near you. They would be guiding and helping you through each step of the transfer. The credit to your beneficiary account would be made in less than 48 working hours.
There are two types of Remittance: (Another name for sending money to someone through a bank, money changing houses or institutions like CurrencyKart):
CurrencyKart offers two modes/ways for Outward Remittance from India to USA:
It is an electronic mode of fund/money transfer. It is also called TT Transfer and SWIFT Transfer. The Wire Transfer is an Online Money Transfer to USA.These transfers are highly expensive if done through banks in India as they charge fees to process it and most of the foreign banks receiving it also charges a foreign correspondent fee. CurrencyKart does not charge anything for the Wire Transfer Service.
Demand Drafts are physical on paper drafts which are issued in a specific foreign currency. It is another option to make international money transfer for educational payments, medical fees, etc. They are a safe option as it is made for favouring the beneficiary. It is also cheaper than wire transfers but the process takes longer time.
What are the Steps to Transfer Money from India to USA?
There are only 4 simple steps to Send Money to USA:
Fill in the required details on the portal available on our website. You have to enter the amount to be transferred in USD with the purpose of remittance and your location. Instant quotes from banks and exchange institutions nearby would be mailed to you.
Compare the quotes provided to you and choose the best offer. Once you book the money transfer order online and confirm it, the booked rate would be valid for 24 hours.
Share the required documents for verification. The list of basic documents to be submitted is given below. Once the documents are verified, the amount can be transferred directly as NEFT or RTGS to the current account which is operated by the chosen exchange house.
The money order transfer would be initiated as soon as the amount will be credited. The whole process would take less than 48 working hours. It is advised to the customer to take a print out of the invoice or keep the invoice safely as a proof of money transfer.
Please note that according to RBI, a person can do a Wire Transfer from India to USA or send a demand draft of the amount value $2,50,000 or its equivalent per year per person.
What are the Main Purposes To Send Money To USA From India?
The main purposes to transfer money to USA from India are:
Documents Required to Transfer Money to USA from India:
Here is a list of documents that can be required for verification and money transfer. The documents depend on the purpose of remittance.
The Beneficiary details to be shared are: -
CurrencyKart is one of the leading institutes in Foreign Exchange Market Place. We provide the cheapest ways to Send Money Online to USA from India. The customers can gain many benefits by making the Money Transfer to USA via CurrencyKart: -
The live and updated market transfer rates are available on our website 24*7. There is an option available for the customer to lock-in rates for up to 3 days and as soon as the desired rates are available, we will notify you. The rate chosen for the transaction remains live for the next 24-48 hours till the transfer process is completed.
The money transfer orders are processed within 24-48 working hours after the funds and documents are received. We provide the fastest processing time with no extra cost.
CurrencyKart provides the customer with the option of booking the money transfer order online. The customer can schedule the time for the document pick up and we will pick them up from your location at zero cost or they can visit the branch of the institution chosen to submit the documents.
We do not charge any extra cost or fee for processing the money transfer. Please make note that all foreign currency transactions are subjected to service tax according to the Government and RBI policies.
Book your order online now at CurrencyKart.
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