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.