Comparison of Money Transfer Services to India
Click here for a comparison of global money transfer service providers.
This frequently updated report presents a detailed comparison of money transfer services available to NRIs. Fund transfers to India are carried out using commonly available services such as wire transfers, demand drafts, checks or tailored services like quick remit, fast cheque etc. This report compares factors such as, 'transfer time', 'transfer fees', 'features and limitations' and 'countries served' to help you identify a suitable service for your specific need.
Read our comparison report listing the best NRE/NRO savings accounts. Make your hard earned money work harder for you.
We highly recommend our detailed primer on money transfer to learn about hidden charges and poor rates your transfers may incur.
Transfer fee structure
Each agency has a very distinct charge/fee structure, which makes for a difficult comparison. However, the following tables give a better idea of the charges and limits (move mouse over links in the table). We recommend that you check the respective agency web site for latest information as their services and fees are subject to change.
| Citibank: ACH Transfer* |
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Automated Clearing House is a secure,
private electronic payment transfer
system that connects all US financial
institutions.
- Transfer Time: 4 working days.
- Transfer Fees: No charges (Currency Conversion Charge may apply)
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Features and Limits (F & L):
Online transfer size and frequency are limited.Citibank: ACH Limits Number of
TransactionsTransaction
Amount ($)Daily 1 10,000 Weekly 2 20,000 Monthly 8 80,000 Min USD 500, Max 10,000 - Countries Served: US
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| Citibank: Dial-to-Transfer |
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- Transfer Time: 1 working day.
- Transfer Fees: No charges (Currency Conversion Charge may apply)
- Features and Limits (F & L):
- Countries Served: US
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| Citibank: Global Transfers Facility |
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- Transfer Time: 1 working day.
- Transfer Fees: No charges (Currency Conversion Charge may apply)
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Features and Limits (F & L):
Online transfer size and frequency are limited.Citibank: Global Transfers &
Transaction Limits in RupeesMonthly amount limit 20,00,000 Daily amount limit 10,00,000 Per transaction limit
For Ludhiana, per transaction
limit is 5,00,0008,00,000 Monthly transaction limit 15 Daily transaction limit 5 -
Countries Served: Available in
Citibank Global Transfers: Countries Served
US, UK, Australia, Bahrain, Belgium, Canada,
Colombia, Egypt, Germany, Greece, Guam,
Hong Kong, Indonesia, Korea, Poland,
Philippines, Spain, Singapore, Turkey, UAE
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| Citibank: Wire Transfer |
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- Transfer Time: 1 working day.
- Transfer Fees: No charges (Currency Conversion Charge may apply)
- Features and Limits (F & L):
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Countries Served: Available in
Citibank Wire Transfer: Countries Served
US, UK, Europe, Australia, Canada, Japan,
New Zealand, Hong Kong, Singapore
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| HDFC: Cheque (LockBox) |
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- Transfer Time: 6 working days (16 working days for non-New York cheques).
- Transfer Fees: No charges (Currency Conversion Charge may apply)
- Features and Limits (F & L): Unlimited Transfer
- Countries Served: US
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| HDFC: Cheque Deposit |
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Transfer Time: Processing time
HDFC Bank: Transfer Fees Currency Transfer Time US$ (New York cheque) 5 working days US$ (non-New York cheque) 16 working days GB£ 14 working days EU€ (Frankfurt cheque) 2 working days EU€ (non-Frankfurt cheque) 15 working days AU$ 10 working days CA$ 11 working days SG$ Final Credit Other Currencies
NZD, HKD, JPY, CHF, NOK16 working days - Transfer Fees: No charges (Currency Conversion Charge may apply)
- Features and Limits (F & L): Unlimited Transfer
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Countries Served: Available in
HDFC QuickRemit: Countries Served
US, UK, Europe, Australia, Canada, Singapore,
New Zealand, Hongkong, Japan, Switzerland, Norway
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| HDFC: IndiaLink (Exchange Houses) |
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- Transfer Time: 1 working day (3 working days for Demand Draft).
- Transfer Fees:
- Features and Limits (F & L):
-
Countries Served: Available in
HDFC IndiaLink: Countries Served
Bahrain, Oman, Kuwait,UAE, Saudi Arabia,
Qatar, Kenya, South East Asia, Australia
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| HDFC: QuickRemit |
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- Transfer Time: 3 working days (1 working day from Singapore).
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Transfer Fees: Transfer fee
HDFC Bank: Transfer Fees Transfer Type Fee QuickRemit /
Online TransferRs 25 per transaction Wire Transfer Rs 200 for account holders
Rs 500 for non-account holders -
Features and Limits (F & L): Online transfer size and
frequency are limitedfrom US, UK and Europe.HDFC: QuickRemit Transaction Limits US, UK Europe Number of
TransactionsTransaction
Amount ($/£)Number of
TransactionsTransaction
Amount (€)Daily 5 10,000 Daily 2 7,500 Weekly 10 12,000 Weekly 10 20,000 Annual 25 25,000 Annual 30 40,000 Min USD 100, Max 5,000
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Countries Served: Available in
HDFC QuickRemit: Countries Served
US, UK, Germany, France, Italy,
Rest of EU, South East Asia
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| HDFC: Wire Transfer |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
HDFC Bank: Transfer Fees Transfer Type Fee QuickRemit /
Online TransferRs 25 per transaction Wire Transfer Rs 200 for account holders
Rs 500 for non-account holders - Features and Limits (F & L): Available from the rest of the world.
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Countries Served: Available in
HDFC Wire Transfer: Countries Served
US, UK, Bahrain, Oman, Kuwait, UAE, Saudi Arabia,
Qatar, Kenya, South East Asia, Australia
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| HSBC: Demand Draft |
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Transfer Time:
3 working days (INR draft)
14-21 working days (Foreign currency draft) -
Transfer Fees:
Rs 50 (upto Rs 100,000)
0.1% of DD amount (over Rs 100,000)
0.3% of DD amount (drawn on other bank) - Features and Limits (F & L): Guaranteed exchange rate
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Countries Served: Available in
HDFC Wire Transfer: Countries Served
US, UK, Europe, Japan, Canada, Australia,
Hongkong, Singapore, Switzerland, UAE,
Saudi Arabia, Sweden, Denmark, South Africa
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| HSBC: FastCHEQUE |
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- Transfer Time: 3-5 working days from deposit
- Transfer Fees: No charge
- Features and Limits (F & L): Rs 50 (Currency conversion charge)
- Countries Served: Middle East
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| HSBC: Wire Transfer |
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- Transfer Time: 2 working days
- Transfer Fees: No charges
- Features and Limits (F & L): Rs 50 (Currency conversion charge)
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Countries Served: Available in
HDFC Wire Transfer: Countries Served
US, UK, Europe, Japan, Canada, Australia,
Hongkong, Singapore, Switzerland, UAE,
Saudi Arabia, Sweden, Denmark, South Africa
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| ICICI: Branch-based |
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- Transfer Time: 3-7 working days.
- Transfer Fees: No Charges for Transfers to ICICI Accounts
- Features and Limits (F & L):
- Countries Served: UK
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| ICICI: E-transfer (ACH Transfer)* |
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Automated Clearing House is a secure,
private electronic payment transfer
system that connects all US financial
institutions.
- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
ICICI Bank: Transfer Fees Currency Fee No Charge Over US $ 2 1,000 UK £ 2 500 Australian $ 5 1,500 Canadian $ 4 1,500 EU € 2 800 Singapore $ 5 2,500 Foreign currency conversion charge: Rs 25
FCNR deposit charge: $1 - Features and Limits (F & L):
- Countries Served: US, Canada
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| ICICI: Exchange Houses |
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- Transfer Time: 1-7 working days.
- Transfer Fees:
- Features and Limits (F & L):
- Countries Served: Middle East, Qatar, Singapore
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| ICICI: LockBox |
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- Transfer Time: 3-7 working days.
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Transfer Fees: Transfer fee
ICICI Bank: Transfer Fees Currency Fee No Charge Over US $ 2 1,000 UK £ 2 500 Australian $ 5 1,500 Canadian $ 4 1,500 EU € 2 800 Singapore $ 5 2,500 Foreign currency conversion charge: Rs 25
FCNR deposit charge: $1 - Features and Limits (F & L):
- Countries Served: US, UK, Europe
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| ICICI: Net Express (Direct Debit) |
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- Transfer Time: 5 working days.
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Transfer Fees: Transfer fee
ICICI Bank: Transfer Fees Currency Fee No Charge Over US $ 2 1,000 UK £ 2 500 Australian $ 5 1,500 Canadian $ 4 1,500 EU € 2 800 Singapore $ 5 2,500 Foreign currency conversion charge: Rs 25
FCNR deposit charge: $1 - Features and Limits (F & L):
- Countries Served: US, Australia, Europe, Singapore
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| ICICI: Power Transfer (Wire Transfer) |
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- Transfer Time: 2-3 working days.
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Transfer Fees: Transfer fee
ICICI Bank: Transfer Fees Currency Fee No Charge Over US $ 2 1,000 UK £ 2 500 Australian $ 5 1,500 Canadian $ 4 1,500 EU € 2 800 Singapore $ 5 2,500 Foreign currency conversion charge: Rs 25
FCNR deposit charge: $1 - Features and Limits (F & L):
- Countries Served: US, UK, Europe, Middle East, Qatar
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| ICICI: Wells Fargo Express Send Service |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
ICICI Bank: Transfer Fees Currency Fee No Charge Over US $ 2 1,000 UK £ 2 500 Australian $ 5 1,500 Canadian $ 4 1,500 EU € 2 800 Singapore $ 5 2,500 Foreign currency conversion charge: Rs 25
FCNR deposit charge: $1 - Features and Limits (F & L):
- Countries Served: US
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| SBI: Demand Draft |
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- Transfer Time: 4-5 working days.
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Transfer Fees: US
, UK
SBI Bank: US Transfer Fees Transfer Type Fee Demand Draft $ 10
No charge over Rs 50,000, AustraliaSBI Bank: UK Transfer Fees Transfer Amount £ Fee Upto 2,500 10 2,501 - 5,000 15 5,001 - 7,500 20 7,501 - 10,000 25 10,001 and over + 2.5 per 1000 , CanadaSBI Bank: Australia Transfer Fees Description Fees Remittance charges
(Any amount)$AU 15 Cash 0.25% of transfer amount
plus remittance chargesSBI Bank: Canada Transfer Fees Transfer Type Fees Demand Draft INR $CA 8 ($CA 5 - account holders) Demand Draft
(other currencies)$CA 20
(nil - FCNR account)Demand Draft
(same currency)$CA 35
(nil - FCNR account) - Features and Limits (F & L):
- Countries Served: US, UK, Australia, Canada
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| SBI: Instant (Electronic) Transfer |
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- Transfer Time: 1 working day.
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Transfer Fees: US
, UK
SBI Bank: US Transfer Fees Transfer Type Fee Rupee Wire Transfer $ 25 upto $ 25,000
$ 15 from $ 25,001 - $ 50,000
No charge over $ 50,000Dollar Wire Transfer $ 40 upto $ 10,000
+ $ 1 for each $ 1,000 after that, AustraliaSBI Bank: UK Transfer Fees Transfer Amount £ Fee Upto 2,500 10 2,501 - 5,000 15 5,001 - 7,500 20 7,501 - 10,000 25 10,001 and over + 2.5 per 1000 , CanadaSBI Bank: Australia Transfer Fees Description Fees Remittance charges
(Any amount)$AU 15 Cash 0.25% of transfer amount
plus remittance chargesSBI Bank: Canada Transfer Fees Transfer Type Fees Wire Transfer (SWIFT) INR $AU 8 ($CA 5 - account holders) Wire Transfer (SWIFT)
(other currencies)$CA 20
(nil - FCNR account)Wire Transfer (SWIFT)
(same currency)$CA 35
(nil - FCNR account) - Features and Limits (F & L):
- Countries Served: US, UK, Australia, Canada
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| SBI: Wire Transfer |
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- Transfer Time: 2-3 working days.
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Transfer Fees: US
, UK
SBI Bank: US Transfer Fees Transfer Type Fee Rupee Wire Transfer $ 25 upto $ 25,000
$ 15 from $ 25,001 - $ 50,000
No charge over $ 50,000Dollar Wire Transfer $ 40 upto $ 10,000
+ $ 1 for each $ 1,000 after that, AustraliaSBI Bank: UK Transfer Fees Transfer Amount £ Fee Upto 2,500 10 2,501 - 5,000 15 5,001 - 7,500 20 7,501 - 10,000 25 10,001 and over + 2.5 per 1000 , CanadaSBI Bank: Australia Transfer Fees Description Fees Remittance charges
(Any amount)$AU 15 Cash 0.25% of transfer amount
plus remittance chargesSBI Bank: Canada Transfer Fees Transfer Type Fees Wire Transfer (SWIFT) INR $AU 8 ($CA 5 - account holders) Wire Transfer (SWIFT)
(other currencies)$CA 20
(nil - FCNR account)Wire Transfer (SWIFT)
(same currency)$CA 35
(nil - FCNR account) - Features and Limits (F & L):
- Countries Served: US, UK, Australia, Canada
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| MoneyBookers: |
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Transfer Time:
Bank transfer: 2-5 working days
Credit card: Instantly
Cheque: Upto 10 days -
Transfer Fees: Transfer fee
Money Bookers: Fees
Transaction fee: 1% (Up to $0.70, £0.50, €0.50)
Upload fee:
SWIFT transfer: free
Credit card: 1.9% (Maestro, Solo - free)
Withdrawal fee:
Bank transfer: $ 2.40 (£ 1.70, € 1.80)
Visa: $ 2.40 (£ 1.70, € 1.80)
Cheque: $ 4.70 (£ 3.20, € 3.50) - Features and Limits (F & L): Withdrawals only through a MoneyBookers account.
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Countries Served: Available in
Money Bookers: Countries Served
US, UK, Australia, Austria, Bahrain, Belgium,
Bulgaria, China, Croatia, Czech Republic,
Denmark, Estonia, Finland, France, Germany,
Greece, Hong Kong, Hungary, India, Ireland,
Israel, Italy, Japan, Kuwait, Lithuania,
Mexico, Netherlands, New Zealand, Norway,
Poland, Portugal, Romania, Singapore,
Slovakia, Slovenia, S. Africa, Spain, Sweden,
Switzerland, Taiwan
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| iKobo: |
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- Transfer Time: 4-8 working days
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Transfer Fees: Transfer fee
iKobo: Fees Amount Bank Transfer Credit Card $100 $5 $8 $200 $5 $11 $300 $5 $14 $400 $5 $17 $500 $5 $20 $1000 $5 $35
Additional feeiKobo: Additional fees
Visa card shipping fee: $ 0 - $ 24.95
Visa card transaction fee:
ATM Withdrawal Fee - $1.99
Monthly Maintenance Fee - $0.99
and more... -
Features and Limits (F & L): Withdrawals only through
iKobo Visa card.
- Countries Served: Anywhere Visa is accepted.
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| Remit2India: Rupee Express (ACH Transfer*) |
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Automated Clearing House is a secure,
private electronic payment transfer
system that connects all US financial
institutions.
- Transfer Time: 4-5 working days.
-
Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L): No fee for amounts over $1000.
- Countries Served: US
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| Remit2India: MoneyBookers |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L): Additional processing charge - 3.95% of transfer amount.
- Countries Served: US, UK
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| Remit2India: UK Banks |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L):
- Countries Served: UK
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| Remit2India: LockBox |
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- Transfer Time: 5 working days.
- Transfer Fees:
- Features and Limits (F & L):
- Countries Served: US, UK
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| Remit2India: Wire Transfer |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L):
- Countries Served: US, UK, Australia, Canada, Europe
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| Remit2India: Credit Card |
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- Transfer Time: 1 working day.
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Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L):
- Countries Served: US
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| Remit2India: Online Bank Transfer |
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- Transfer Time: 5 working days.
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Transfer Fees: Transfer fee
Remit2India: Transfer Fees Currency Amount Fee Currency Amount Fee Currency Amount Fee US $ 50 - 500 3 UK £ 50 - 700 3 Australian $ 50 - 500 6 501 - 1,000 5 701 5 501 12 1001 - 10,000 9 Singapore $ 50 - 500 6 Euro € 50 - 500 2 10,001 - 25,000 15 501 - 2,000 6 501 - 1,000 3 25,001 - 50,000 20 2,001 - 5,000 6 1,001 - 7,500 5 50,001 & Above 25 5,001 - 10,000 0 UAE Dirham 100 - 30,000 15 Canadian $ 50 - 10,000 15 Japanese ¥ 10,000 - 500,000 1,000 HK $ 50 - 15,000 30 Additional processing charge for MoneyBookers 3.95% of remittance amount - Features and Limits (F & L):
- Countries Served: UK, Australia, Canada, Europe
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| Xoom: Online Transfer |
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Transfer Time:
Value service: 2-5 working days
Standard service: Instantly. -
Transfer Fees: Transfer fee
Xoom: Fees Transfer
Amount $Value Service $
(Bank transfer)Standard Service $
(Credit card)25.00 4.99 9.99 50.00 4.99 9.99 100.00 4.99 9.99 250.00 4.99 13.99 500.00 4.99 25.99 750.00 4.99 38.99 1,000.00 4.99 50.99 1,500.00 4.99 75.99 2,500.00 4.99 125.99 2,999.00 4.99 149.99 - Features and Limits (F & L):
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Countries Served: Available in
Xoom: Countries Served
US, UK, Argentina, Australia, Austria, Belgium,
Bolivia, Brazil, Canada, Chile, China, Colombia,
Costa Rica, Dominican Republic, Ecuador,
El Salvador, Finland, France, Germany, Greece,
Guatemala, Honduras, Hong Kong, India, Ireland,
Italy, Jamaica, Mexico, Netherlands, Nicaragua,
Panama, Paraguay, Peru, Philippines, Poland,
Portugal, Slovenia, South Africa, Spain, Sweden,
Uruguay, Vietnam
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