Ways of Remitting Cash to India From the United States by Money Transfers

When it comes to sending money from the US to India, most people are looking for a way that is protected, quick and cost-effective. There are advantages and disadvantages to many of the accessible choices for sending money to India, but it is useful to know some of the differences between the many options that are available.


One way to send money from the U.S. to India is to do it the old fashioned way and write a check. The downside is that this is a particularly slow method. Worldwide mail can take anywhere from one to 4 weeks to arrive at its destination, and once the recipient of the funds then has the check, his or her local bank is certain to hold the money for up to three weeks while the check clears. To save time, some people who wish to make frequent payouts to someone in India can write several post-dated checks--a risky choice. Another risk with this choice is that the transfer charge is set on the day the check clears, so the amount of American dollars sent may not match-up into the correct number of Rupees that you originally intended to transfer This process can take a long time, but it is the cheapest way to send funds to India.


If you'd like to send a check in Rupees, India's largest bank, the State Bank of India, now has some branches in the U.S.. Customers can open accounts, transfer dollars into those accounts, and then write checks denominated in Rupees to send to India. This cuts down on some delay with the freezing of checks and mitigates transfer risk. The State Bank of India charges $10 for all checks under Rs 50,000. If the receiver of the funds has an account in India with the State Bank of India, you can also immediately send money from a U.S. branch. Other banks, such as Citibank, allow consumers to open Rupee checking accounts.


Outside of sending checks or using India-Friendly banks, other companies have International money transfer capabilities. This is an wonderful choice for some because it's speedy, but it's also rather expensive and recipients must be near to areas of operation in India, which can be rare.


Several websites are now in operation that can be utilized to transfer monies immediately to India. These types of websites allow consumers to transfer money to India using a credit card via online. usually, a check is sent and received by the recipient within five business days. The fees associated with these transfers can be substantial, however are usually lower than sending monies through an Worldwide bank transfer company.


It is a wonderful idea to use a reputable outlet if you want to transfer monies electronically and to understand costs and conversion rates that will be used, as well as how long it will take for those monies to be obtained. It is also a stellar idea to find a firm with great customer support, in case the process becomes confusing along the way.

About the Author

ATMCASH is easy, convenient, and the best value when sending money across the country or across the world. We ship ATMCASH cards to over 150 countries worldwide. Sending Money to India


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