There are multiple factors to be considered by NRIs while choosing the best remittance service to India such as:

• • The country you are remitting from
  • The transaction time and speed
  • Transaction Charges
  • The available modes of payment

Based on these factors, here is a list of the best remittance service to India based upon the above mentioned factors:

1. For remittances from USA to India:

• • Citibank (Bank): No fees when transferring to own or partner bank accounts. The money will be transferred on the same day
  • Transferwise (Money Transfer Operator, Non-Bank): A nominal fee of $4.77 per $200 to transfer money within 24 hours
  • Money Gram(Money Transfer Operator, Non-Bank): A fee of $7.38 per $200. The money is transferred within an hour

2. Based on Transaction Time and Speed:

• • RemitMoney (Bank): Send money to India within an hour with a nominal fee of $1.64 per $200
  • Ria(Money Transfer Operator, Non-Bank): Send money to India within an hour with a nominal fee of $4 per $200
  • Money2India (ICICI Bank/Money Transfer Operator): Send money to India within an hour with a nominal fee of $7.08 per $200

3. Based on Transaction Charges:

• • Citibank (Bank): No fees when transferring to own or partner bank accounts. The money will be transferred on the same day
  • Money Gram(Money Transfer Operator, Non-Bank): A nominal fee of $0.38 per $200. The money is transferred within 3 to 5 working days
  • Transferwise (Money Transfer Operator, Non-Bank): A nominal fee of $4.77 per $200 to transfer money within 24 hours

4. Based on Available Modes of Payment:

All of the following remittance mediums support multiple modes of Payment (Cards and Bank Account Transfers):

• • Transferwise
  • Remit Money
  • Kotak Click2Remit

Transfer Now