There are many people who want to send money from USA to India. But this can be a little difficult task as it is not possible for everyone to get the help of a large financial institution in this regard. In fact, people from USA find it difficult to send money to India because of the lack of proper currency conversion rates. However, there are lots of organizations who are willing to help you out if you want to send money from USA to India.
There are lots of companies that are willing to receive your money in exchange for your currency. These companies do not have their own currency conversion units but they will exchange your money for the value that is agreed upon between you and them. If you are unable to figure out how to go about this, then you can either ask for help from a friend who is willing to exchange the money or you can choose a professional company who has all the necessary information about the currency conversion. These professionals are usually based in big cities of the USA where it is easy to find a good bank and they also have proper currency conversion units.
The other option available is to get in touch with the United States Federal Reserve. They will give you the option of exchanging your money at the current exchange rate. This option is only applicable for people who live in the states of Washington, Oregon, Idaho, and California. The problem with this method is that you will have to wait for long hours and you will have to travel long distances. It is also not really very cheap, as the exchange rate will not remain constant. It is also important to note that the Federal Reserve cannot give you an estimate of when your money will be back so it may be difficult for you to know whether you should go ahead with this or not. Get more detailed information about money transfer on this page.
You can also contact your local bank and request them to send money from USA to India. Banks in the United States are authorized to do so but you will have to go through a lot of hassle. For starters, you will have to arrange the transportation or the air ticket for your representative and you will also have to fill up a lot of paper work. If you are trying to send money from USA to India for the first time, then this is probably the best option for you. Of course, if you have sent money before and your recipient has received it, then this would not be possible.
There are also companies that will offer the service of sending money from USA to India. You will have to look for a reliable company and you will have to provide details like your bank account number, routing number, and country code. All these details will help the company to get in touch with your financial institution in the United States and also in India. Once this is done, all you need to do is wait for the money to arrive. The company will use the details you provided and will send the money to the person or the organization you specified.
Apart from banks, there are other companies that will help you to transfer money. However, this will be possible only if you have a bank account with them. These companies are known as money transfer agents. They will act as your representative and they will move the money from your bank to the other person's bank account. However, you will have to provide them with the routing number of your bank account in order to make this transfer official. For more information related to this topic, check it out at: https://en.wikipedia.org/wiki/Electronic_funds_transfer.
