Money

Transfer money from India to USA

Intuit intuit101
Feb 11

Can you share your experience or recommend safe and cheapest way to get money from INDIA to USA?

Amount 40000 USD - 50000 USD

Serious answer only.

comments

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  • F5 Networks Op64em
    Checked luggage.
    Feb 110
  • Twitch jkley28
    crypto
    Feb 110
  • RingCentral
    Duck-Bezos

    RingCentral

    PRE
    Yahoo, Oath
    BIO
    One life to live!
    Duck-Bezosmore
    Find a relative in US. Get $$ from relative in USA, pay his/her family in INR. Best and efficient
    Feb 115
    • Microsoft KyJeLlY
      the IRS would like a word with you
      Feb 11
    • RingCentral
      Duck-Bezos

      RingCentral

      PRE
      Yahoo, Oath
      BIO
      One life to live!
      Duck-Bezosmore
      Ok Satya
      Feb 11
    • Facebook tGTv63
      This is called money laundering just an FYI
      Feb 11
    • RingCentral
      Duck-Bezos

      RingCentral

      PRE
      Yahoo, Oath
      BIO
      One life to live!
      Duck-Bezosmore
      Ok. Mark! At least not stealing and selling data.
      Feb 14
    • Microsoft KyJeLlY
      IRS can refer you to USCIS, you know
      7d
  • Microsoft marak1
    Heard of banks?
    Feb 114
    • Intuit intuit101
      OP
      I think that’s familiar but trying to explore other options which I don’t know.
      Feb 11
    • Microsoft marak1
      Most others are in some respects aleast illegal. Be safe in such matters
      Feb 11
    • Intuit intuit101
      OP
      I also prefer safe and legal way only.
      Feb 11
    • Microsoft marak1
      Check SBI. Will be cheaper than private banks
      Feb 11
  • Apple tinyAznChk
    Any major bank will do wire transfer service
    Feb 110
  • Intuit intuit101
    OP
    Approximately how much amount difference in following scenarios? Transaction amount is for 25000 USD

    1) if paying someone in INR and getting USD here
    2) wire transfer through any bank?
    Feb 1110
    • eBay l4c
      3-4 %
      Feb 11
    • Intuit intuit101
      OP
      That's a big difference.
      Feb 11
    • Apple 🍎 inc
      I always do option 1.
      Plus when someone is coming from india I asked them to get $8k-$9k because official limit without declaring is $10k per form.. that the other thing you can try
      Feb 11
    • Cisco donaldduck
      Do u deposit that 8-9k in bank?
      Don't we need to show it?
      Feb 11
    • Apple 🍎 inc
      Yes but not at once little by little on different bank accounts over period of 3-6 months. Also try to see if I can spend or pay in cash
      Feb 11
    • Intuit intuit101
      OP
      If someone brings the money from India then I am saving only small transfer fees(correct me if I am wrong). Bank will give same transfer rate as wire transfer.
      Feb 11
    • Apple 🍎 inc
      I think banks always give bad rate but I might wrong. It’s rate plus fees. I think for me major headache is showing money where it came from.. don’t want to get into that thing... your Amount is huge too..

      Before moving money out india you have to get 15CB or some form certified from CA that you paid taxes in india for that money
      Feb 11
    • Intuit intuit101
      OP
      FYI, I don’t have any bank account in India. If they wire money then it’s a gift.(I am aware of 25k/person per year limit) but I don’t know what kind of paper work required in India.
      Feb 11
    • Apple 🍎 inc
      Feb 12
    • Intuit intuit101
      OP
      @🍎: thanks for sharing this. I don’t think so, conversation rate will go below 71 in next few months.
      Feb 12
  • Humana goldN
    If u are sending 40 to 50k just use a large bank, spend few (<100) dollars more and have peace of mind with ur transfer. If your bank in India has a branch in USA u can do a domestic wire transfer with final credit to ur Indian account. If your destination bank doesn’t have branch in India then u will have to provide US bank with SWIFT code of Indian bank for the wire transfer.
    Feb 142
    • Intuit intuit101
      OP
      I guess you are talking about transfer money from US to India.
      7d
    • Humana goldN
      Oh god. Totally missed it. However same can be done in reverse. Have ur bank in India send money to Jpmorgan in Mumbai using SWIFT (I think they have presence there), ask Jpmorgan to do wire transfer to any bank in US by giving them routing number and account number.
      7d
  • Bitcoin is perfect for this
    Feb 111
    • Intuit intuit101
      OP
      That's a good option but little advance and complex for a people trying to send money.
      Feb 11
  • Intel sales_bro
    Remitly
    Feb 110
  • Microsoft oeUv00
    Indian banks do wire transfers upto $25k very easy
    Feb 110
  • eBay
    seat

    eBay

    BIO
    Why did you click on me 😡
    seatmore
    Crypto exchange
    Feb 110
  • Honeywell Haha Hehe
    Find someone who wants to send money from here and exchange with them 😊
    Feb 110
  • Microsoft Mr 🌏
    Just because you write "Serious answers only" you think people are not going to troll you?
    Feb 117
    • Intuit intuit101
      OP
      Mr. Earth, people like you always exists. I mentioned to save your time but who cares🤔.
      Feb 11
    • Microsoft Mr 🌏
      Thanks to people like me life is not boring.
      Feb 11
    • Intuit intuit101
      OP
      Again who cares??
      Feb 11
    • Microsoft Mr 🌏
      You, because you keep replying.
      Feb 11
    • Intuit intuit101
      OP
      Coz I respect your time to reply my post.

      “JUST BECAUSE YOU’RE TRASH DOESN’T MEAN YOU CANNOT DO GREAT THINGS.
      ITS CALLED GARBAGE CAN. NOT GARBAGE CANT”
      Feb 11
    • Microsoft Mr 🌏
      Thanks for respecting my time, I respect yours too and I appreciate you don't ignore me.
      I'm not amused by the abuse of the word "can" though.
      Feb 12
    • Intuit intuit101
      OP
      Take it easy brother. Life is not boring. Just chill..
      Feb 12
  • Glassdoor
    jxQd60

    Glassdoor

    PRE
    Glassdoor
    jxQd60more
    Look at transferwise too. Been using them for a few years now. While setting up a transaction, they compare with some other services too and admit if they're more expensive than them.
    Feb 120
  • Microsoft ItsDare
    You can go up to 200k with xoom
    Feb 120
  • Intuit intuit101
    OP
    Thanks for your feedback. We decided to do wire transfer through ICICI/SBI/AXIS.
    Feb 120
  • Citrix Systems YUuX44
    I think wire transfer is the safest option
    Feb 120
  • Intuit intuit101
    OP
    I found below two options are better than banks and legal(hopefully). Sounds familiar???

    https://remittance.fxkart.com/money-transfer-from-india-to-usa

    https://www.bookmyforex.com/money-transfer/
    Feb 120

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