Curious to know what every one is using to transfer large amount of money (50k-500k) to India ? Banks don’t provide great exchange rate for wire transfers I believe. I use Xoom to transfer small amounts but it doesn’t support large amounts TC: 260k
I use transwise done till 40k
Transfer USD->BTC->INR ?
Open an account at the local State Bank Of India branch. They are in N San Jose (IIRC). Send thru that SBI account. No limit or a super high limit.
Oh I will call and check this option thanks
Are their exchange rates competitive?
Western Union is great. Rates are great and $50k is upper limit in one transaction.
Ofx
Cashapp.
Most services should waive off any fees for larger amounts. It boils down to the exchange rates you get. I have been told if the amounts are high, you can get special rates from your bank that’s not published anywhere. No personal experience, but interested in your experience with SBI.
Did you end up going via opening SBI account opening route ?
Xoom supports large transfers. Check Remitly. Not a lot of options
No the max is 60k in a 30day if you are level3