Many people travel to the USA from India to study or permanently move there every year. The United States is seen as a land of opportunities, with a strong economy, excellent educational institutions, and a high standard of living. In recent years, there has been a significant increase in the number of Indians migrating to the USA. According to Business Standard, about 4 million Indians currently reside in the USA, including 1.6 million visa holders, 1.4 million naturalized residents and a million US-born residents, as of 2021.
Indians who have immigrated to the USA need remittance services to send money back to their families in India. It allows individuals to transfer money from one country to another, often to support family members or other financial needs. Several options are available for Indians living in the USA to send money to India, including traditional bank and wire transfers.
While there are many such services, one of the services that has gained immense popularity is Money2India, offered by ICICI Bank, one of the leading banks in India. The service is trusted by more than 1 million customers, which is a testimony to the quality of services offered.
When you send money to India from USA, one of the primary concerns you may have is the high transfer fees or service charges you pay, levied by the remittance service.
But, when you remit money from the USA to India through Money2India, you get competitive exchange rates and low transfer fees. There is zero transfer fee if you more than $1,000 in a single transaction. Thus, Money2India helps you save more with every transaction.
There are several other benefits of using Money2India to send money to India from USA.
- The service is available for all. You need not be an existing ICICI Bank customer to use Money2India.
- You can use Money2India to transfer funds from any bank in the USA to any bank in India where your family members hold an account.
- Money2India uses top-of-the-line security features to facilitate safe transactions and ensures that the money reaches the person in India immediately within 3-4 hours.
- With Money2India, you get better USD to INR exchange rates, which means you get great value for every dollar you transfer.
- You can transfer up to $300,000 in a single transaction. So, if you want to transfer a high amount to India in an emergency, you can save time and effort.
- Money2India offers round-the-clock customer support. If you need any assistance with transferring funds from the USA to India or have any queries, you can reach out to them anytime, and they will be happy to assist you. You also get customer support on ground from their New York branch and representative offices in California and Texas.
Remittances play an essential role in supporting families in India and Now that you know how to save money while remitting money from the USA to India, use ICICI Bank Money2India services and avail benefits listed above.