How to Send Money Order from India to USA

Why Send Money from India to USA? These days many people travel to USA for higher studies, medical treatment or even as a holiday destination. At some point they all need money to be transferred from India.

But do you know it is not easy to transfer money from India to other countries like USA?

For troublesome money transfer from India, the main reason is that Indian Rupee is a managed currency. Managed currency means a currency whose exchange rate is maintained by the central bank of that country. So in India Reserve Bank of India observes the outward remittance.

International Money Order – Send Money from India to USA

International money order is one of the modes of outward remittance to USA. The Indian post provides the facility called Money Order Videsh for this purpose. So now you can send international money order from your neighboring post office also.

The Money Order Videsh was launched on 24-Oct-2009. In the beginning the service is available at head post offices only.

Features of Money Order Videsh

1. The recipient can accept the money in cash or by cheque. Also the money can be credited to his account.
2. While transferring money, you can make payment by cash or debit your savings account.

Remittance Charges

The charges required for transferring money can be paid in two ways –

1. The sender will pay the charges or
2. The charges will be taken from the receiver’s amount.

Limitations on Outward Remittance

1. Outward remittance depends on RBI limitations.
2. It is also influenced by the bilateral agreement with other country. So the limitations on outward remittance will vary from country to country.

Outward remittance by Money Order Videsh is helpful for many needy people abroad.