IndusInd Bank: Indus Fast Remit Money Transfer

HIGHLIGHTS

IndusInd Bank is named after the earliest civilizations of the world - Indus Valley civilization. IndusInd Bank was founded in 1994 and has its headquarters in Mumbai, Maharashtra. It is owned by the Hinduja group. The bank has 2 representative offices in London and Dubai. It has 441 branches in India and its current revenue is more than $500 million. It has clearing bank status for both major stock exchanges the BSE and the NSE.

There are various online and telegraphic options available to send money to India from all across the globe via IndusInd Bank. The remittance service to send money to India from the US is called Indus Fast Remit. The Bank of New York Mellon acts as a clearing partner for IndusInd Bank in the US and offers the Fast Remit service.

What's Good About Indus Bank's Indus-Fast-Remit Money Transfer

Free transfer to any bank in India
Attractive Exchange Rates
Set Reminders for Future Transactions

FEATURES

Today's Rate
$ Amount
₹ Exchange Rate
$0 - $1999
----
$2000 - $4999
----
$5000 - $9999
----
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
Fee
Up to $9999
$0.00
As per Indian regulations, a Foreign Currency Conversion Tax and Service Tax will be deducted from the beneficiary account. This is a small deduction of INR 25 per transaction deducted from the final beneficiary amount.
Transfer Time
Bank Deposit
5
Transfer Type
  • Check
  • ACH Transfer
Daily Transfer Limit
1st transaction: $3000
2nd transaction: $5000
Customer Service Info
1 (505) 217-0971
Company Headquarter
Mumbai, India
Company Type
Bank
Mobile App
N/A
Company Established
1994
Text Update (SMS)
No
Email Updates
Yes
Referral Program
Yes
Key Feature
-
Document Requirements

USER REVIEWS

Anshuman Panwar
Posted on February 27, 2020 07:37 am

I would highly recommend against using any of their forex services. I booked a wire transfer for INR to CAD and paid 5% of the transaction value. They asked to visit a branch, which I couldn't as I was abroad. So, I requested them to cancel the transaction. After millions of phone calls and trying every possible way to reach them, they cancelled my transaction after 2 weeks and refunded the money after deducting 20,000. Since then I have been chasing their useless customer service to provide me a break-up or invoice the charges but all they tell me is that they will come back after 3 days and then they ask me the transaction ID and its been going in loop... Its a nightmare dealing with them and their is no transparency or a sense of commitment in their service. So, stay away

 
Sumit Oberoi
Posted on August 11, 2018 05:40 am

I'll not recommend Indus Forex card thought they have wonderful features which may look very promising but it's availability has a big ambiguity, my experience was really bad the website is not that reliable and I suffered due to that and I was unable to load the amount to the card during my trip in May 2018. I'm May the site was unavailable for 14 continuous days. They did offered me offline channel that was I come back to India and load the card or ask my friend or family to load the card, as it was suppose to be online hence I never gave the consent A2 form to anyone. So in both the cases offline channel was worthless to me. Without the consent form if the card is loaded that is a part of money laundering and probably they accept that as per the Customer Care. There is a big time ambiguity and if you are reading this then pay for Forex and get it when you want or you may suffer as me & my 6 year old and 9 year old suffered during holidays.

 
Shashank Tripathi
Posted on March 28, 2018 08:38 am

Always provide highest exchange rate and timely delivery

 
animeshpathak01
Posted on May 23, 2016 05:16 am

The transfer is slow and takes 5-7 days but the fees is nominal and they offer good rates when the rates are stabilized. They try to play safe with the rates and give customer the value above the average rate( not very high). It is safe, have being transferring money since 2 years now.

 
anilkumar.bonthala
Posted on May 10, 2016 10:15 am

Have been using IndusInd money transfer service for very long time. Never had any issues and always on time as the date they initially given. Moreover exchange rate is at best compared to others.

 
rishubsharma1595
Posted on April 16, 2016 06:58 pm

Good services by tha bank

 
joshya_s
Posted on January 14, 2016 01:00 pm

I don't really worry of how long a service takes to remit money into my bank account, but my experience with IndusInd Bank is that the remittance completes in 5 days. The remittance is generally carefree. Also, at the moment of initiating the remittance, it offers the best exchange rate amongst the other service providers.

 
praveen.thangapandy
Posted on December 08, 2015 09:19 pm

I am not much happy about Indus Ind Bank Money transfer. Exchange rates are good, but they apply some transfer fee. Also, there is a delay in money deposits compare to other providers. I would rate as average provider for Money transfer to India from US. Positive thing is they almost match with most of top exchange rate providers.

 
madanmch
Posted on October 20, 2015 08:48 am

Charging additional fee from around 90INR for every 1000USD. This comes less than the amount what they shown on their website. No other company charges as like these company. Why only RBI charging from them? Don't use this

 
vkvijay
Posted on August 20, 2015 01:10 pm

I should give them if there is anything below zero rating, they took more than 10 days to remit the money but they post a status on day 8 stating remittance is successful but you find it is not, then you would need to file a cliam which would require 2 days to process. All the best my friends

 
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