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Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours
Our global support team is available around the clock - 24 hours a day, 7 days a week
Register in less than 5 minutes
How to Send Money to India
Sign up with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Select ‘finalize transaction’ to process your payment.
It’s easy and affordable to send money to family in India using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to family in India, keep in mind that different tax regulations may apply depending on many factors including:
how the money is going to be used
how much you are sending
the source of the funds
if you’ve paid tax on the funds elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums as a gift. While every effort is made to keep this information up to date, it’s best to check with a professional if you have concerns about any applicable taxes.
How to send money to India at a great exchange rateWhile the rupee operates under a ‘managed float’ system driven by central bank interventions to keep the currency stable, it does see a fair amount of volatility. If you want to read up on the factors that influence the value of the rupee or other currencies, head over to the Exchange Rates section of our site. If you’re planning to pay for a wedding in India 6 months from now, you may want to lock in an exchange rate, to protect yourself from unfavourable currency swings.
With OFX, you can get bank beating rates on global money transfers.
India Money Transfers – FAQs
Wondering how to send money to India? We've got the smart, secure way to exchange your U.S. dollars for Indian rupees. With offices around the world, we provide 24-hour access to our highly skilled transfer team.
Is there any limit on how much money I can send to India?
No. OFX works well for both businesses and individuals.
Can I send money from an Indian bank account to the U.S.?
Unfortunately, we cannot transfer rupees out of India at this time. But if you live in the U.S., you can register now to send money to India with your American bank account.
Does OFX transfer money to all Indian banks?
OFX can transfer funds to any bank in India, including, but not limited to:
State Bank of India (SBI)
Punjab National Bank (SBI)
ICICI Bank Limited
Bank of India
Bank of Baroda
HDFC Bank Ltd
Power Finance Corporate Limited
Standard Chartered Bank India
You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.
When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.