Remitly has one option for receiving money in India and that is by depositing directly into a bank account. Remitly has a nationwide coverage with over 140 banks across the country, so there is a high likelihood that your bank is serviced by Remitly². Sign-up and process to receive money with Remitly

Can I use Remitly from India?

Transfer Money from the United States to 130+ banks across India . Remitly gives you nationwide coverage of India . Transfer money easily to bank accounts at SBI, HDFC, Citi Bank, Axis Bank and many more!

Which is best money transfer to India?

Xoom is regarded as one of the best money transfer services worldwide, and it has been providing quick and affordable money transfer services for 14 years. It’s an online-to-offline money transfer , which means the money can be withdrawn at a specified location in India as soon as the online transaction is complete.

How much does Remitly charge to send money to India?

Two different ways to send

How can I send money to Remitly in India?

Send money from the United Kingdom to India in 3 easy steps Enter amount in GBP. Choose your sending amount and delivery speed, and we’ll tell you how much INR will get to India . Choose recipient in India . Select who you are sending to (it can be your own account) Send GBP, get INR. Enter payment details and hit send .

Is Remitly safe and legit?

Yes, Remitly is a trustworthy and secure money transfer provider. The company has an “Excellent” customer rating (4.5/5) on Trustpilot. Hundreds of thousands of Remitly customers are collectively transferring more than $6 billion a year through its services. Remitly offers a 100% satisfaction or money-back guarantee.

What are the fees for Remitly?

Compare our fees

Which is the cheapest way to send money to India?

5 of the best money transfer services to send money from the USA to India Best Exchange Rates: TransferWise. Sending Money to Family and Friends: Remitly. Send Airtime or Pay Bills: WorldRemit. Fee Free: XE Money Transfers. Best Big Brand: Xoom, powered by PayPal.

How much money can I send to India in a year?

There is no limit on sending money from USA to India , provided you pay the required taxes. But, there is a limit of US $14,000 per person per year for gift tax free transactions. Any amount sent above US $14,000 per person per year , the sender is responsible for paying the gift taxes.

How can I send money to India for free?

Like Western Union, Transfast offers a way to send money to India without fees. When you send money between U.S. and Indian bank accounts using the company’s Value+ service, fees are waived and the markup is low.

Why is the Indian rupee falling?

India has been a beneficiary of dollar inflows into its equity as well as debt market over the last 10 years. If this trend continues because of uncertainty over Covid-19, there could be a massive outflow, leaving the value of Indian rupee against the US dollar quite vulnerable.

How much is $1 US in India?

US dollars to Indian rupees conversion table

How does Remitly make money?

It makes money by charging transaction fees and marking up foreign exchange rates. Fees vary widely by country, but on average, Remitly charges about 1.5% for a transfer, Forbes estimates. Western Union, which owns many brick-and-mortar locations and brought in $852 million in profit last year, charges roughly 5%.

Which is better Xoom or Remitly?

Xoom is a good option if you are looking to deliver money on the same day via debit or credit card. However, they have a low maximum transfer limit. Remitly , on the other hand, are a cheaper option in almost every other circumstance and they have most of the globe covered.

What is Remitly money transfer?

Remitly is an online money transfer service that operates in the United States, Canada, and the UK. Their services are known to be fast, secure, and cheap. The company offers clients a website as well as a mobile app, where customers can transfer money easily around the globe.

How long does it take to receive money from Remitly?

We may offer two delivery speeds – sometimes called Economy or Express. We recommend using Express when you need to send money fast, delivery is usually within minutes when using a debit card, and Economy when you’re able to wait 3-5 business days for your funds to be delivered.