Send money to India from USA

Usually, international money transfers to India are speedy, often resulting in instant money transfer. However, occasionally, it might take one to two business days to complete. The exact timeframe depends on factors like your chosen payment method, verification processes, and any potential delays within the banking system. For the most accurate and current information on transfer duration, it's best to check our website directly.

Yes, you can track your money transfer from USA to India via the Instarem app under "Activity" section. You will also be notified once your money transfer to India has successfully reached your recipient.

Yes, you can send money to India for Business too. Try our Business account, sign up with us today! For business related transactions, please open a business account with us

If you're thinking of sending money to India, it's important to choose the right method that fits your needs. Whether you prefer the reliability of bank transfers, the convenience of money transfer agents, or the efficiency of online platforms like Instarem, we've got all the details covered. Discover the pros and cons of each option in our reader-friendly blog post on the best way to send money to India. 

When sending money to India, there is generally no limit on the amount you can transfer, but money transfer service providers, banks, or other financial institutions may have daily transaction limits in place. If you are sending a substantial sum overseas, it's important to note that any transaction of 10,000 USD or more is typically reported to the Internal revenue Service (IRS) by the service provider or bank. 

To remit money to India from the USA without tax implications, it's essential to understand the regulations from both the Internal Revenue Service (IRS) and India's taxation authorities. 

IRS Gift Tax: Sending funds to India can be seen as a gift, potentially subject to gift tax by the IRS if there's no exchange of goods or services. Transfers over 10,000 USD must be reported to the IRS. 

Indian Taxation: As an NRI, money transfer to India for family members (blood relations) typically have no tax implications. But for non-blood relatives, amounts over ₹50,000 in a year are taxable for the recipient.

Read more on how to transfer money to India without tax. 

Transferring money to an Indian bank account through Instarem is a breeze. Whether you're on your desktop or using the app, simply log in to your Instarem account. From there, add or select your recipient and input the transfer details such as their legal name (as it appears on their bank account), their bank name, account number, and the IFSC code. Then, proceed to make the payment for the transfer. 

With Instarem, enjoy top-notch rates and lightning-fast transfers, making it your go-to choice for international money transfers to India. Experience the convenience of quick and reliable fund transfers with Instarem today! 

To transfer money to India smoothly, you'll need some key details about the recipient handy: 

- Recipient's full name and address: Make sure it matches exactly as it appears on their bank statement. 

- Recipient's bank details: This includes their bank name, branch name, IFSC/branch code, and their account number. 

- Recipient's mobile number: This is important for any updates or notifications. 

- Recipient's email address: Especially if you're doing an online transfer, so they can get an alert when the money arrives. 

- Purpose of payment: Like whether it's for family support, services, or a property payment. Having this info helps streamline the process.

To convert USD to INR using Instarem, you need to:

• Log in or register for a free Instarem account
• Click ‘Send now’
• View the USD to INR exchange rate on the currency calculator
• Enter the amount you want to send
• Choose a payment method
• Enter the receiver's details and fund the transfer

To sign up for Instarem and start sending money to India, follow these steps: 

1. Create an account: You can sign up online or through our app. Provide your basic information and create your account.
2. Verify your identity: Upload proof of your address in the US and your identification documents as part of the verification process.
3. Add recipient details: Enter the information of the person in India you want to send money to, including their bank account details.
4. Select transfer details: Choose the location or currency you want to send, input the amount you wish to transfer, and select your preferred transfer method.
5. Verify your transaction: You'll receive a verification code via text or email. Enter this code to confirm and secure your transaction.

Once these steps are completed, your money will be on its way to your recipient in India. 

Yes, an international student can send money to India via Instarem.

No, we do not support transfers to India using Google Pay. 

Yes. With Instarem, you can conveniently use your credit card to make an instant money transfer to India. 

Choosing the best app to send money to India depends on your specific needs and preferences. However, Instarem stands out as a reliable and convenient option for international money transfers to India.

With competitive exchange rates and low fees, Instarem is your go-to money transfer service to India. Our user-friendly app makes it easy to remit money to India securely and conveniently. Experience the ease and reliability of Instarem for your next transfer amount to India. Download our app from Play Store or Appstore.

No, you do not need an IBAN (International Bank Account Number) to transfer money to India from the USA, as Indian banks don't use IBANs. Instead, you will need the recipient's bank account number, the bank's name, and the IFSC (Indian Financial System Code) to complete the transaction.

Yes! with Instarem, you can send money to India from the US using the Unified Payments Interface (UPI). This seamless option is widely accepted, and all you need is the recipient’s UPI ID in India to complete the transfer. It’s a fast, reliable, and cost-effective option.

Money transferred from the USA to India for personal reasons, such as family support or personal savings, is typically not taxable in India. However, if the amount is considered a gift over a certain limit or is classified as income for the recipient, it could be subject to taxes in India. Additionally, US residents should be mindful of tax reporting requirements under the Foreign Account Tax Compliance Act (FATCA) when sending large amounts. It's best to consult with tax advisors in both the US and India for guidance specific to your situation.

Yes, you can send money to India from USA without an NRI (Non-Resident Indian) account. Instarem enables you to transfer funds directly to the recipient’s local bank account in India—no NRI account required.

The best rate for sending money from the USA to India depends on the current exchange rates and fees charged by different providers. With Instarem, you can enjoy competitive exchange rates and low fees, helping you get more value from your transfers. It’s always a good idea to check the live rates on Instarem to ensure you're getting the best deal.

When you send money to India from the USA using Instarem, a unique transaction number (also called a transaction ID or reference number) is generated for tracking your transfer. You’ll find this number on the transaction confirmation page and in the email we send you. It helps with the following:

- Tracking: Easily track the status of your transfer using the transaction number.

- Customer support: If you need any assistance, please have your transaction number ready when reaching out for support.

- Refunds: The transaction number also helps with smooth processing of refunds, if necessary.