Progia - LearnWare - Making Learning Easy

Open Learnware is a learning & teaching platform that integrates Open Knowledge Resources (OER) with a practical set of software tools that address most, if not all, current issues with OER. The goal is to dramatically expand learning worldwide by making OER delightful to use for schools, educators and the learners especially for the first timers.


Market exchange rate as of

"5/17/2013" "5:55pm" Eastern Time

54.89


30 Day Trend

Comparison of Dollar to Rupee Exchange Rates

The Indian Rupee is the official currency of India.

Exchange Rates vary by the transaction amount and the method of transfer. The rates and fee shown are for on-line transfer of under $1000 from U.S. to India. Click on the Institution name to view further details on its exchange rate, transaction fee and terms & conditions.

 

Syndicate content  Compare Currency Exchange Rates Feed         Put currency exchange rate ticker on your website
Institution Per $ Fees and Comments
Axis Bank

+91-22-6707-4407 		54.32
  • $0 fees
  • Indicative Exchange Rate
  • The money can only be transferred in an account with any bank in India
  • Bank transfer (ACH mechanism) takes 3-5 business days
  • Online transfer limits: $ 100 min. and $10,000 max.
  • Doesn't accept Cash, Credit or Debit Cards
  • Other transfer mechanisms include Wire Transfer and DD
Bank of India

1-212-753-6100 		54.40
  • $2.50 fees
  • Indicative Exchange Rate
  • Online bank trasnfer (ACH mechanism) takes 3-5 business days
HDFC Bank

1-888-978-4257 		54.31
  • Fee of Rs 25; Additional Rs. 0.75 per thousand for non-HDFC bank transfers
  • Indicative Exchange Rate
  • Over 1650 locations in India
  • Takes 3 to 4 days. Min: $100 Max: $5000
ICICI Bank

1-866-424-2448 		54.10
  • Remittance Service Charge of $2.00 (inclusive of service tax @10.30%) for amounts of $1000 or below
  • Fixed exchange rates
  • ACH mechanism of transfer into any ICICI Bank Remittance card or into any resident Visa Debit Card account issued in India
  • Money deposited into any ICICI bank account with over 2,500 branches in India OR into bank accounts with over 100 banks in India
  • Other Delivery Mechanisms: Demand Draft, Cash
Indian Bank

1-866-688-2156 		54.12
  • Fee of $9 for $1000 remittance
  • Indicative Exchange Rate
  • Money can be remitted to an account with any of the partner banks or else as a demand draft
  • Remittance limit: $5,000 max.
  • Transfer takes 7 days
Moneydart

1-866-372-3874 		54.25
  • Fee of $15 for any amount remitted. Fee of $5 for any amount remitted online with the use of promotion code EE72FE02BC
  • Guaranteed Exchange Rate
  • Bank Transfer (ACH mechanism) takes 24-48 hrs for transfer
  • Unlimited amount for bank deposit or draft delivery at home
  • Bank draft delivery at home takes 3 days only
  • Xpress Money option delivers cash at agent locations immediately (Rs. 50,000 max.)
IndusInd Bank

1-860-500-5004 		54.29
  • $0 fees to transfer to any Bank in India
  • Exchange rates are guaranteed, locked-in
  • Regular users of IndusFastRemit are automatically upgraded to faster payments
  • Bank uses ACH mechanism to transfer funds
  • It takes 3-4 days before the money is available in the Indian account
  • Other Delivey Mechanisms: By Direct Depost to any IndiusInd Bank account and by Cheque
Remit2India

1-888-736-4886 		54.26
  • Fee of $5 for $1000 transfer
  • Money can be send to over 90 banks in India
  • Transfer takes 3 working days
  • Other remittance mechanisms include Credit Card, Check and Wire Transfer
  • Transfer limit: $1,000 for Credt Card, no limit for both Check and Wire Transfer
  • Money received in India is either as Direct Credit to the bank, Demand Draft at home or Remit2India's Remittance Card
Royal Exchange

1-888-677-6925 		54.55
  • Fee of $12 for $1000 remittance
  • Exchange rates are guaranteed, locked-in
  • ACH mechanism to transfer money online
  • Money can be received as cash
  • There are 3300 branches in India
State Bank of India

1-212-521-3284 		53.76
  • Zero for Transfer to SBI Banks
  • Rs 6 for Transfer to non-SBI Banks
  • "Instant Transfer" is the real time rupee remittance facility from SBI account outside India to an SBI in India
  • SBI EXPRESS REMIT uses US Automated Clearing House (ACH) network. Takes 5 days.
  • Minimum of $50 up to $10K to an SBI bank and up to $1000 to other banks
Trans-Fast

1-888-973-6383 		54.25
  • Locked-In Exchange Rate
  • Minimum amount to send $50, Maximum amount $2,500
  • 24/7 Customer Service and Live Web Chat
  • Low fees starting at $4.49 and send over $1,000 for Free
  • Bank deposit within 24 hrs, and Cash Pick up in India at over 11,000 locations
  • Accept ACH & Credit Card for payment
  • Remittance can also be made in person at our agent locations, visit our website to find a location
Western Union

1-800-325-6000 		54.30
  • The rate shown is for the city of Edison in New Jersey, USA. The exchange rate differs depending on the location of transfer
  • Rate given at the location of transfer is Guaranteed
  • Money in 3 business days: Fees of $10
  • Best option in case of emergency, money received with-in mins
  • Send money by visiting agent location or online direct bank transfer/credit/debit card
  • Receive money by direct credit to a/c or cash pick up at western union agent location
Xoom

1-877-815-1531 		54.17
  • Fee of $4.99 if paid with a US Bank account and fee of $29.99 if paid with Debit/Credit card. This fee is based on $1000 transfer.
  • Guaranteed Exchange Rate
  • Bank deposits within 24 Hours to most bank accounts in India
  • Other modes of delivery in India: Cash Pickup by recipients, Cash Delivery

Non-Resident Indians (NRIs) remitted nearly $52 billion to India last year. But even so, most NRIs wonder if they are using the right service provider for remitting their money. Is it safe to use this service? How long will it take before the money reaches the destination? Am I getting competitive exchange rates? Should I wait for a few days to get better rates?

To answer these questions, we have prepared a list shown above and on the left.  By clicking on the URLs provided for each, you can access the remittance service of the bank or directly check exchange rate that it currently offers.

Use the "exchange rate trend" chart provided by Reserve Bank Of India for judging "Should I wait for a few days to send the money?"

For historical data on Indian Rupee to US Dollar exchange rates, visit "The Financial Forecast Center" at http://www.forecasts.org/data/data/EXINUS.htm

The Center also provides forecast on the movement of Indian Rupee relative to US dollar at http://www.forecasts.org/exchange-rate/india-rupee-exchange-rate.htm

The market exchange rate for a US dollar to India rupee shown in the ticker above is adapted from Yahoo Finance site.

Scroll to the bottom of the page to add a new comment

Showing 277 comments

Axis Remit

Submitted by HARI on Tue, 05/07/2013 - 21:46.
Axis Remit is not good as if rupee transfer rate is going down then they will delay it for maximum number of days and remit the lowest possible amount. I have experienced a change of 50 paise. This is bad from Axis remit.

IndusInd and Xoom are best ( Transfast sucks )

Submitted by Ranganath Nangineni on Sun, 04/14/2013 - 19:50.
I made one transaction with Transfast and they deducted my money from the account and never deposited in my Indian account. They say many things for verification and looks like crappy service to me. Their customer care sucks,never picksup the calls, rude and arrogant. They send all craps of verification , even if you did them , they keep on sending them again and never completes the verification and keeps the money with them forever.Its been 10days I initiated the transaction ,till I didnt get the refund. I have used Xoom and IndusInd earlier and they are absolute best I would say, when I compare them to transfast. Dont fall into the false promises of Transfast.

SBI Express Remit

Submitted by Venkat on Sat, 04/06/2013 - 10:18.
I am unable to find where I would register for SBI Express remit. If I choose "USA" as the zone at https://remit.onlinesbi.com/ the New user/register link disappears. SBI seems to have the best exchange rates for USD, if you exclude Royal Exchange, but how would I register? Thanks in advance for any help/info.

SBI Express remit suspended..

Submitted by Satya on Fri, 05/10/2013 - 18:41.
This has been stopped way back. If you would like to send using SBI you need to have a checking account with min balance $1000. This would help if you send frequently. Good: 1)60 to 70 cents more then all the other sites we are talking here. Only 20 cents less then the exchange rate. 2) Same day/time tranfer (current exchange rate), you can watch the rates and initiate tranfer Bad: 1) Need to open a checking account and maintain min $1000. 2) First time users, all this process may take 7 to 10 days. Hope this helps..

I called SBI and they said

Submitted by Venkat on Mon, 04/08/2013 - 06:42.
I called SBI and they said SBI Express Remit is suspended for US customers and he didn't know when it would be back up.

They don't seem to be

Submitted by Amit on Wed, 04/10/2013 - 08:18.
They don't seem to be licensed to do business in the US, just like remit2india.com

Did you call thm up?

Submitted by Kumar on Thu, 04/25/2013 - 12:11.
I called them up and they are not giving much details on why it is suspended. How do you know that they don't have license?

The reality is banks use to

Submitted by RBDad on Fri, 04/05/2013 - 11:19.
The reality is banks use to the term "indicative rates" to their benefits. As you may see the rate chart - the rate was never below 54 during late march or early april. But the actual rates I have gotten from Remit2India, AxisRemit during the period of 26-Mar and 04-Apr is below 54. Even though some of these banks advertise "no fees" - the real fee is the adjustments they make in the conversion rate. I Guess only Wester Union is the only one that openly admits that they make money also through the conversion rates. Others dont tell you but use "indicative rates". No bank will give you the rate published by RBI on the day it was converted. It seems IndusInd bank people are in the conversation. Let them admit - how they decide the rates.

ICICI is worst

Submitted by Srinivasa Rao on Fri, 03/29/2013 - 00:04.
Don't use ICICI money 2 india..very bad rates

No fees at all- Indus Fast Remit

Submitted by Chandrima Ghosh on Mon, 03/25/2013 - 02:37.
I was very pleasantly surprised to see that Indus Fast Remit charges absolutely no transaction fees whatsoever. Was very happy to see the transparency & honesty for a change from a remittance service. I liked it.

service fee vs trans. fee

Submitted by senthil on Tue, 04/02/2013 - 11:01.
I dont think any remittance service charges transaction fee (except some charges for remitting below $1000). IndusInd customer service sucks. You will never get a email response or phone response either.

Currency Rate from Punjab National Bank

Submitted by Harpreet on Sun, 03/24/2013 - 09:15.
hi, Please let me know the details of Punjab National Bank, What rate we will get from Doller to Rupee and How much deduction bank will do for transaction. Awaiting for your reply Thanks & Regards, Harpreet Singh

Royal Exchange

Submitted by Jay on Wed, 03/20/2013 - 14:38.
Did anybody used Royal Exchange. Please share your feedback.

RoyalExchange

Submitted by Dax on Tue, 03/26/2013 - 15:52.
Fraud and never get reply.

Does Indus fast remit charge service fees?

Submitted by Yogi on Wed, 03/20/2013 - 13:34.
Do Indus India remit charge some fees. I made a new account nd was try to transfer some USD to India and it was asking around 66Rs / $ 1000 USD as service fees. Xoom does not charge any money for transfer above $1000

yes they do.....

Submitted by Nav on Wed, 03/27/2013 - 10:23.
yes they do.....

send money to india

Submitted by sneha on Wed, 03/20/2013 - 03:02.
Indus Fast Remit is a secured and one of the safest ways to send money to india from us, UK and other countries with no transaction fees. Over half a million NRI Superior customers.Our quickremit is the solution for your all your needs.

Royal exchange

Submitted by Sam on Tue, 03/19/2013 - 18:54.
Does anybody used royal exchange?

Yes, they have a fee though

Submitted by Tina on Mon, 04/22/2013 - 14:36.
Yes, they have a fee though

Indus Fast Remit is good

Submitted by Dharma Chopra on Tue, 03/19/2013 - 09:01.
I have compared Indus FastRemit's exchange rates with that of other services & have consistently found that the rates Indus FastRemit offered was almost always better than that of the others. A 'thrifter's' word- I recommend Indus FastRemit.

TransFast money transfer

Submitted by Vinoth on Thu, 03/14/2013 - 11:32.
I transferred $1001 with transfast. I added my bank account and got it verified with the credit transactions posted in my account. Later, I initiated the transaction on March 2nd which was a Saturday. The estimated availability date was March 2nd in a few hours. But there wasn't any change in the status even after 2 days. They called me on March 6th, Wednesday and sent me a mail asking my Govt issued ID card and sign electronically an online form. I did both of this and sent a mail to them. They said they would initiate the transaction immediately after I send the document, but that did not happen, So, I called them again on March 8th, Friday. After verifying the documents that I sent, they released the transaction on March 8th. Money in INR reached my Indian Bank account on March 11, Monday. But, $1001 was debited from my account only on March 14, Thursday. They also said that $25 Amazon coupon would be available 15 days after my first transaction is successful Pre March 6 - Bank account validated March 2 - $1001 transfer initiated March 6 - Sent supporting documents via mail March 8 - Transaction released March 11 - Money deposited in Indian account March 14 - $1001 debited from US Bank account. So, if you want money to reach India but not immediately, you can go ahead with TransFast. The only concern is you need to constantly follow up with them

Transfast should improve

Submitted by G on Mon, 03/18/2013 - 11:48.
Transfast should improve their service as well as the website. It looks shady! While I made the transaction in INR it showed up in History as Peso!! It took a lot of time for their staff to pick up my call and confirm that my money was not going to Philli. Ultimately I had to cancel the transaction after 7 days of No Progress. I bet on Xoom, though they provide a relatively lower exchange rate , their transction is faster and informative.

Coupon

Submitted by Ariyakumar S on Fri, 03/15/2013 - 19:17.
Please let us know once you get Amazon coupon. so that we will go for first use.

Coupon

Submitted by Vinoth on Mon, 03/18/2013 - 09:53.
I got it on Friday, March 15

IndusIndia bank remit

Submitted by Yogi on Wed, 03/13/2013 - 23:36.
DO Indus India remit charge some fees. I made a new account nd was try to transfer some USD to India and it was asking around 66Rs / 1000 $ USD as service fees. Xoom does not charge any money for transfer above $1000.

IndusInd Bank rate not getting updated

Submitted by auti on Wed, 03/13/2013 - 12:00.
Admin, rate of Indusind bank not getting updated. Also any bad reviews of this service? I was planning to use this to transfer money.

Indus FastRemit works best for me

Submitted by Alpa Mehta on Wed, 03/13/2013 - 07:25.
If the market is volatile why should I be subject to fluctuating rates? With Indus FastRemit Guaranteed/Locked in rates I could remit my money overseas at the rate that was first promised to me. A good service with attractive features.

Looks like some marketing

Submitted by Malhotra T on Mon, 04/01/2013 - 02:58.
Looks like some marketing manager is posting these comments with a different name. If you observe this comment, you will notice that it matches exactly word-by-word with another post submitted by "Arunima Singh on Mon, 02/25/2013 - 07:51" Please provide the authentic information only pls, no marketing please...

You are correct

Submitted by Navin Pathak on Mon, 04/01/2013 - 08:05.
Yes, you are correct and thank you for bringing this to our attention. We will moderate these comments more strictly. Thanks, Navin Pathak Entry India, LLC

Which service should I use

Submitted by Dhruv on Sun, 03/10/2013 - 12:38.
Which service should I use to transfer money from Australia to India as remitaxis and money to india look to be temporarily down?

Remit2India are theifs..

Submitted by Pramod on Fri, 03/08/2013 - 12:58.
Remit2India are theifs.. Beware abt them they will put lots of unwanted charges and then at end you will get 1 $ less then the exchange rates.. The mail culprit is the 15$ insurance charges.. So never transfer money with the.. one more thing they dont have locking of exhange rates and they take around 8 to 9 days for the transaction.. Never use Remit2India...

want to send money w/ good rate but,don't have account in india

Submitted by Asha on Wed, 03/06/2013 - 04:24.
Hi, I want to send money to india as we are going to india but, don't have any account there in indian bank . does anyone know any pick location to get my money with good exchange rate , fast and safe to get?

ZOOM , INDUSIND are best.

Submitted by karthik on Tue, 03/05/2013 - 23:40.
ZOOM and INDUSIND are best in service. ZOOM transfer takes only 3 hours.. Indusind takes only two days with good exchange rate.

XOOM is the best

Submitted by Pankaj Ambar on Fri, 03/01/2013 - 17:45.
XOOM is the best on commiting delivery, even I go money in account in 4 hrs at the rate specified, no hidden charges.

His there any other alternative to seek the truth

Submitted by Sanjeev Benedict on Thu, 02/28/2013 - 04:30.
I am expecting money from overseas, it was sent on Feb 21 2013 to my account ICICI Bank and when I inquired they said no money transfer has come. I have asked them to give in writing, they have given me in writing 'No money remittance is available', and I checked with the Payee, and asked them to send me a copy of the receipt. Still there answer his no. What could be done? Please assist me!

trans-fast not good

Submitted by PC on Wed, 02/27/2013 - 14:05.
Use trans-fast for 1st transfer. Its taking days for them to validate your account. No one contacts you. If you try calling the 1800 number no one picks up. Their online chat is not available for most of the hours. Should have used Xoom

100% agreed

Submitted by nir on Thu, 03/07/2013 - 01:36.
very poor customer service; no care for call or exchange;even do false promise of 1 st transfer with a 25$ gift..this applies only for first transfer.if you cancel initiated transaction do a transfer again they consider it second!! many such ssues,,,i dont recommend this company at all mainly due to poor customer service eventough they say they maintain competetive rate. INDUS IND is simple and superb in service.ofcourse XOOM good for small transfers.

HDFC Quick Remit

Submitted by Sanjeev on Tue, 02/26/2013 - 16:08.
I have tried HDFC few times. Usually, they take around 4-6 days to transfer the money and during this period if exchange rate goes up or down, they will give you the prevailing rate. I have experienced both higher & lower exchange rates after booking the transaction. Also, if you add a new beneficiary (parents) they will call you and your beneficiary in India to confirm the transaction. HDFC quick remit website sucks. Their user interface is horrible. I have tried Xoom as well long time ago. They transfer money quickly, but their exchange rates are horrible.

Transfast

Submitted by anthony on Tue, 02/26/2013 - 08:38.
ist time i transfered money it took six days(got amzon 25 dollars card) , i was promised that next transaction will be in done in 24 hrs,but second transaction not reached after 5 days. customer care just reads what ever inormation they have in their system and close the call by saying either u mail or wait for our call ,nobody call nor reply back to my mail.

I love Indus FastRemit

Submitted by Arunima Singh on Mon, 02/25/2013 - 07:51.
If the market is volatile why should I be subject to fluctuating rates? With Indus FastRemit Guaranteed/Locked in rates I could remit my money overseas at the rate that was first promised to me. A good service with attractive features.

IndusInd Fast remit

Submitted by Arun Kumar on Fri, 02/22/2013 - 13:46.
I never seen this much long time with any other firms , these guys took almost 15 days ,the amount is not yet credited .Please not to try IndusInd Fast remit service .

do not use Induslnd bank for money transfer

Submitted by DJ on Fri, 02/22/2013 - 10:34.
please do not use Induslnd bank for money transfer to India, i had very bad experience with them after sending money after 8 business working days still money did not deposited in INDIAN account, and still fighting with them, Very very bad customer service and very rude people, stay away.

CITIBANK

Submitted by Dashingdust on Wed, 02/20/2013 - 22:29.
WHY IS CITIBANK EXCHANGE RATE NOT ON THE LIST?

citibank exchange rate

Submitted by shyam on Sat, 02/23/2013 - 01:02.
pl, can we get citibank exchange rate as well.

Axis bank : worst exchange rate and bad attitude

Submitted by Sathya on Sat, 02/16/2013 - 15:20.
Don't use Axis bank. They show good conversion rate online and once you initiate money transfer ,they hold your money for few days for lowest possible rate of that week and then they transfer. If you ask, they say their website gave just an indicative rate & they gave you prevailing rate on the date of transfer.Also the attitude of their customer care team is worst. Go for Indus Transmit or Transfast. But Transfast is not functional in all 50 states yet.

ICICI bank :worst exchange rate

Submitted by Steve on Wed, 02/20/2013 - 10:51.
same as ICICI bank also.Actual today 1 USD=54.07 but they conversion rate is 1USD=52.95. IF SALRY 3000 USD BUT THEY CONVERTED FOR 2995 USD ONLY.I DONT KNOW WHY???

Indus Ind not exchange rate not getting updated

Submitted by Anna on Thu, 02/14/2013 - 11:21.
To the admin of the site.. Please note that the indus ind exchange rates are not getting updated properly. Kindly fix the same to ensure the exchange rates shown are correct.

IndusInd Bank's rates

Submitted by Navin Pathak on Sun, 02/17/2013 - 18:52.
Thank you for noticing and informing us about the discrepancy. The issue has been fixed. Regards, Entry India's team.

Hi It is still not fixed

Submitted by Harshal on Mon, 02/25/2013 - 17:05.
Hi It is still not fixed

Indus Ind Exchange rates not updated

Submitted by Naveen on Thu, 02/14/2013 - 10:50.
hiii,I see that the Indius Ind fast remit exchange rates are not getting updated.
123456next ›last »

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image without spaces, also respect upper and lower case.