Looking for ways to send money to the US to friends or family members in dire need of foreign currency? There are many ways to send money from India to the US online. Let's explore the best ways to transfer money abroad:
Wire transfer is the most popular way to transfer money from India to the US. In this process, the currency is transferred to overseas bank accounts electronically. Wire transfers are of two types, one is Inward Remittance where you can send money to India from overseas locations, and the other is Outward Remittance where you transfer money to overseas bank accounts.
Wire transfer is the safest way to send money online from India to the US. For doing a wire transfer, you have to visit the nearest branch of IndusInd bank. We also allow non-account holders to transfer money using wire transfer services. All you need to do is, fill in a form provided by the bank and furnish them with the necessary documents such as identity card, and address proof. You also need to provide information such as recipient's bank name, address and account details along the SWIFT code of the overseas bank. The SWIFT code will help the bank to determine where the currency needs to be transferred.
Banks perform a wire transfer through SWIFT or Society for Worldwide Interbank Financial Telecommunication. SWIFT is an automated payment system used by banks to transfer foreign currency between financial institutions. The bank sends a message to the recipient's bank in the overseas country through a secured system. Once this step is over, the bank transfers the foreign currency from your account to the overseas account. Wire transfer is the most secure and fastest way to send money overseas.
Another popular way of transferring funds online is through online banking. This is similar to wire transfer; the only difference is that you make the transfer from the comfort of your home. If you cannot visit the branch for making a wire transfer, then use your net banking service for transferring money online. Log in with the net banking ID and password provided by the bank and then select the option for remittance. Mention the desired amount to be transferred and then complete the process. This is safe, convenient, and hassle-free.
Send a wire transfer to loved ones at best forex rates online!