Online Money Transfer Methods

ICICI Bank offers this online facility for sending money to India.  The internet enabled wire transfer to India.  A printed wire transfer instruction with tracking facility make this method of money transfer more useful than a normal wire transfer.  This mode of wire transfer facility of ICICI Bank is called power transfer.

This facility offer money transfer within 48-96 hrs. and have no upper limit. Other advantages are remitting option in currencies, free money transfer in to ICICI Bank account for an amount above $1000 or equivalent free DD issued payable around 1760 location in India and free money transfer above $1000 or equivalent into bank account with over 30 other banks in India.  Only nominal charges for transferring lower amounts and superior exchange rates are offered.

 Wire transfer facility is also offered by remit2india.com. This is a swift (48 hr. delivery time) money transfer method from your local bank to India.  A remittance booking form is to be filled and submitted to your bank which transfer the money into remit2india.com account which in turn deposited into the receiver’s bank account across 54 banks including 1800 branches of SBI. 

If the receiver doesn’t have a bank account in the partner bank of remit2india.com, a DD is door delivered.  In India remit2india.com has delivery network around 6000 destinations.  $7500 or equivalent is the upper limit where you can send money from abroad.

HDFC Bank also has a wire transfer money transaction facility which will be deposited to beneficiaries HDFC Bank account

Web Based Money Transfer Methods

There are a number of companies are offering online money transfer.  ICICI Bank, remit2india.com, Citibank, HDFC Bank, Western Union, Wells fargo and Xoom are the few major companies offering online money transfer.

Please check individual company reviews for more information.