Is it safe to transfer money online to India from USA?
At Instarem, we are dedicated to ensuring your financial security every step of the way. We employ cutting-edge encryption and secure payment methods to safeguard your information when you use our money transfer service to India. While we prioritise your security, it's also wise to exercise caution. Before initiating an online money transfer to India via Instarem, take the time to validate the recipient’s details and carefully review our comprehensive terms and conditions for better clarity.
How long does it take to transfer money to India from USA?
Usually, international money transfers to India are speedy, often resulting in instant money transfer. However, occasionally, it might take one to two business days to complete. The exact timeframe depends on factors like your chosen payment method, verification processes, and any potential delays within the banking system. For the most accurate and current information on transfer duration, it's best to check our website directly.
Can I track money transfer from USA to India?
Yes, you can track your money transfer from USA to India via the Instarem app under "Activity" section. You will also be notified once your money transfer to India has successfully reached your recipient.
Can I send money to India for Business Purpose ?
Yes, you can send money to India for Business too. Try our Business account, sign up with us today! For business related transactions, please open a business account with us
What is the best way to send money to India?
If you're thinking of sending money to India, it's important to choose the right method that fits your needs. Whether you prefer the reliability of bank transfers, the convenience of money transfer agents, or the efficiency of online platforms like Instarem, we've got all the details covered. Discover the pros and cons of each option in our reader-friendly blog post on the best way to send money to India.
Is there a limit on sending money to India?
When sending money to India, there is generally no limit on the amount you can transfer, but money transfer service providers, banks, or other financial institutions may have daily transaction limits in place. If you are sending a substantial sum overseas, it's important to note that any transaction of 10,000 USD or more is typically reported to the Internal revenue Service (IRS) by the service provider or bank.
How to transfer money from USA to India without tax?
To remit money to India from the USA without tax implications, it's essential to understand the regulations from both the Internal Revenue Service (IRS) and India's taxation authorities.
IRS Gift Tax: Sending funds to India can be seen as a gift, potentially subject to gift tax by the IRS if there's no exchange of goods or services. Transfers over 10,000 USD must be reported to the IRS.
Indian Taxation: As an NRI, money transfer to India for family members (blood relations) typically have no tax implications. But for non-blood relatives, amounts over ₹50,000 in a year are taxable for the recipient.
Read more on how to transfer money to India without tax.
How can I send money to a bank account in India?
Transferring money to an Indian bank account through Instarem is a breeze. Whether you're on your desktop or using the app, simply log in to your Instarem account. From there, add or select your recipient and input the transfer details such as their legal name (as it appears on their bank account), their bank name, account number, and the IFSC code. Then, proceed to make the payment for the transfer.
With Instarem, enjoy top-notch rates and lightning-fast transfers, making it your go-to choice for international money transfers to India. Experience the convenience of quick and reliable fund transfers with Instarem today!
What information will I need to send money to India?
To transfer money to India smoothly, you'll need some key details about the recipient handy:
- Recipient's full name and address: Make sure it matches exactly as it appears on their bank statement.
- Recipient's bank details: This includes their bank name, branch name, IFSC/branch code, and their account number.
- Recipient's mobile number: This is important for any updates or notifications.
- Recipient's email address: Especially if you're doing an online transfer, so they can get an alert when the money arrives.
- Purpose of payment: Like whether it's for family support, services, or a property payment. Having this info helps streamline the process.
How to convert USD to rupees?
To convert USD to INR using Instarem, you need to:
- Log in or register for a free Instarem account
- Click ‘Send now’
- View the USD to INR exchange rate on the currency calculator
- Enter the amount you want to send
- Choose a payment method
- Enter the receiver's details and fund the transfer
How do I sign up for Instarem so I can send money to India?
To sign up for Instarem and start sending money to India, follow these steps:
- Create an account: You can sign up online or through our app. Provide your basic information and create your account.
- Verify your identity: Upload proof of your address in the US and your identification documents as part of the verification process.
- Add recipient details: Enter the information of the person in India you want to send money to, including their bank account details.
- Select transfer details: Choose the location or currency you want to send, input the amount you wish to transfer, and select your preferred transfer method.
- Verify your transaction: You'll receive a verification code via text or email. Enter this code to confirm and secure your transaction.
Once these steps are completed, your money will be on its way to your recipient in India.
Can an international student send money to India?
Yes, an international student can send money to India via Instarem.
Can I send money to India using Google Pay?
No, we do not support transfers to India using Google Pay.
Can I send money to India using credit card?
Yes. With Instarem, you can conveniently use your credit card to make an instant money transfer to India.
Which is the best app to send money to India?
Choosing the best app to send money to India depends on your specific needs and preferences. However, Instarem stands out as a reliable and convenient option for international money transfers to India.
With competitive exchange rates and low fees, Instarem is your go-to money transfer service to India. Our user-friendly app makes it easy to remit money to India securely and conveniently. Experience the ease and reliability of Instarem for your next transfer amount to India. Download our app from Play Store or Appstore.
