USA INR

₹ 64.64

HIGHLIGHTS

RemitMoney, powered by Axis Bank, is an online money transfer facility which enables NRIs from United States, United Kingdom, Canada, Australia, Singapore and Euro Zone to send money to India. It is easy, affordable, and safe. RemitMoney has a vision to be the world’s most customer-focused payments portal that helps people send money back home. You can use your US bank account transfer money directly into your recipient’s Indian bank account (including NRE & NRO accounts).

Established in 1994 Axis bank is one of the largest banks in India and has its headquarters in Mumbai, India. It was promoted by a number of companies including Unit Trust of India (UTI), New India Assurance Company, The Oriental Insurance Corporation, Life Insurance Corporation of India (LIC), and United India Insurance Company.

What's Good About RemitMoney Transfer

Within 4 hours transfers after 1st successful transaction
Book transactions immediately after registering through Instant account verification
Competitive exchange rates
No Fees on any transfer
Awesome Customer Support
Amazing Offers
Automatic email notifications
Deposits to to Axis Bank,HDFC bank, ICICI Bank, Punjab National Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, and many more

 

FEATURES

Today's Rate
For New Users Only
$ Amount
₹ Exchange Rate
$0 - $7500
₹64.64*
For Returning Users
$ Amount
₹ Exchange Rate
$0 - $7500
₹64.24*
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
₹ Fee
Up to $7500
$0.00

GST will be applicable on transactions as below:

  • Upto INR 1,00,000
    0.18% of the gross amount of currency exchanged for an amount up to INR 1,00,000 subject to the minimum amount of INR 45.
  • INR 1,00,001 To INR 10,00,000
    INR 180 plus 0.09% of the gross amount of currency exchanged for an amount of rupees exceeding INR 100,000 and up to INR 10,00,000
  • Above INR 10,00,000
    INR 990 plus 0.018% of the gross amount of currency exchanged for an amount of rupees exceeding INR 10,00,000 subject to maximum amount of INR 10,800.
Transfer Time
For First Time Users
1 Day
For Returning Users
0 - 4 Hours
Transfer Type
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
  • $7500 per transaction
  • Send up to $22,500 per day
Customer Service Info
1-844-441-7440
Company Headquarter
Mumbai
Company Type
Remittance Providers
Mobile App
N/A
Company Established
1994
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
  • Competitive exchange rates
  • Deposits to to Axis Bank,HDFC bank, ICICI Bank, Punjab National Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, and many more
  • No Fees on any transferCustomer support
  • Automatic email notifications
Document Requirements
-

EDITORIAL REVIEW

No review available.

USER REVIEWS

R K Singh
Posted on January 14, 2018, 10:46 pm

I was able to receive funds in 1 hr to my bank account, customer service team very supportive. Great..

 
Kiran Singh
Posted on November 06, 2017, 01:48 am

Good and timely service. Money received within 1 hour as committed. Good work

 
Kiran Singh
Posted on October 10, 2017, 02:31 am

I am happy with their services. Most important their is no any hidden charges and what they communicate they deliver. Have used other services too but when you actually send money they will apply charges and suggest you to check terms.

 
Brij
Posted on June 30, 2017, 05:51 pm

Let me start with customer service, Remitmoney customer service was very helpful to walk me through the process. They were equally knowledgeable about their product. The services offered is good and timely. Website design and UI is easy to use. I used the 4 hrs transfer service and it worked well without any glitch. 4 hrs transfer is great, as you get your money on the same working day.

 
RemitMoney
Posted on July 04, 2017, 03:30 am
Hi Mr.Brij,

We thank you for the feedback.

We are happy to know that you liked our 4 Hour transfer service. Please continue to send money using our 4 Hour transfer service. Our team is always there in case you need any assistance.

Best

RemitMoney Team
Sanjay
Posted on June 15, 2017, 08:41 pm

I would not recommend using remitmoney. They do not offer competitive rates to begin with. Their sign-up process is a pain and takes ~1week to 10 days. In the name of KYC requirements they call you and interrogate you with questions even after providing them all the documents including SSN. The customer service will again call you for confirmation for the first transaction. They also did not transfer my first transaction on the promised date. Now, they have a promotion going on mentioning that 4 hr transfers are done at higher conversion rates. I wanted to try the same for my second transaction. Here is the loop hole. For the 4 hr transaction, they take you to a so called partner website and ask you for your bank's login credentials to complete the transaction. I personally think this is a scam and do not feel secure about this. Other providers do not have such an hassle. Also not to forget the Service taxes will be charged because this is an India based bank.

 
RemitMoney
Posted on June 30, 2017, 07:17 am
Hi Sanjay,

We apologize for any inconvenience that you faced while transacting on RemitMoney. The Sign up process is the registration process and it is instant on RemitMoney. You don’t have to wait for 1 week to 10 days.
The KYC processes are in place for your own security. The KYC process is there for the first transaction only, post that you can transact seamlessly on the website. We would like to assure you that the 4 hour transfer service on RemitMoney is completely safe. In order to successfully process the 4 hour transaction, the customer has to verify his/her bank account. This partner website that the customer is directed to is safe and you need not worry about the authenticity of the site.
The service taxes are charged as per the RBI guidelines and are clearly displayed to the customer on the site.

Regards,
RemitMoney Team
Sanjay
Posted on July 01, 2017, 08:33 pm
By sign-up process I was referring to the time taken to verify my bank account and allow my first transaction. I know registrations can be done immediately - but what's the use if I have to wait for such a long time before I am allowed to send money? Other companies don't do the same. Other banks have KYC too but they don't interrogate like what remitmoney did!
Moreover Remit Money promised me a date of completion of the First transaction after KYC was completed, but couldn't keep up with that either.
Rama
Posted on April 24, 2017, 04:22 am

I transferred 14 transactions of 7500 USD in the span of 3 weeks with them. Gokul from Axis bank had provided great service. Key call outs are: 1. Their rate is 20 plus basis points higher than Xoom or Transferwise 2. Gokul provided a follow up on the transfer 3. The credit to my HDFC bank happened within 4 hours ( however xoom credits instantly, transfer wise takes 2 days, ofx - 4days)

 
RemitMoney
Posted on May 07, 2017, 10:27 pm
Hi Rama,

We are glad that you liked our service. This encourages us to strive to be even better. We have a lot of exciting offers coming up and also a lot of interesting services that will be launched soon! Please keep remitting through us and get in touch with us for any additional service that you would need. We will always be happy to help.

We have a 10 Paisa extra offer on our 4 hour transactions currently, which will get automatically applied on your transactions (No promo code required).

Regards,

RemitMoney Team
Ankita
Posted on January 07, 2017, 06:19 am

I wouldn't say that it is the best looking site but the offers that they are providing are good especially if someone is a frequent remitter.

 
HARMEET
Posted on December 25, 2016, 03:27 pm

TODAY I AM TRYING TO TRANSFER FOR THE FIRST TIME IT SAYS RATE $1000 WILL GO TO YOUR ACCOUNT AS 67700 AND WHEN YOU COME TO AUTHORIZE IT SAYS YOU ACCOUNT WILL GET CREDITED WITH 67398, SEEMS STILL AFTER SO MANY DAYS NO IMPROVEMENT IN SERVICES AND THEY DON'T LET CUSTOMER KNOW HOW MUCT ACTUAL AMOUNT THEY WILL GET, THEY KEEP ON HIDING THE FINAL RATE CUSTOMER WILL GET. YOU SHOULD IMPROVE YOUR SERVICE SO THAT CUSTOMER CAN TRANSFER FROM YOU BUT SEEMS YOU DON'T WANT THIS

 
RemitMoney
Posted on December 27, 2016, 07:45 pm
Hi Harmeet,

Kindly provide your contact details so that we can get in touch with you and help you out.

Regards,
RemitMoney Team
sudheesh
Posted on December 12, 2016, 09:10 am

Worst Service I ever used. I was initiated a transaction and the next day I talk to customer care for cancelling it(due to low balance in my account). They told I can send a Email and its will get cancelled and no other formalities. I did the same but the next day they deducted money from my account and my account went in negative. As a result my bank charged $29 as fee. But when I talk to customer care again - representative assure that I will get the deducted amount and fee. No response for next few days and a chain of follow ups i got the money back in my account but not the fee. They hold my money for more than 1 week where the transfer rate at max. I just loose better exchange rate and $29 fee because of customer representative's wrong information. One best other thing is - they are agree to give 30ps extra for first transfer, I didnt get that. and after this issue when i am talking to Customer care, he is offered me 10ps extra for next transfer to compensate my $29 fee. (to get that $29 (~1900 INR) I have to transfer $190K). I am not sure what these ppl are doing in customer care. Other interesting things is contact number - it too good, I called more than 10 times nobody picked up. I highly recommend all my frineds - NEVER EVER USE REMITMONEY......stayaway

 
RemitMoney
Posted on December 13, 2016, 03:39 am
Hi Sudheesh,

Refund is complete in your case. We received your request for cancellation of your transfer and refunded the amount. We provide our customers with a window of 30 minutes within which they can cancel the transactions on the portal itself, post which we cancel the transaction if you get in touch with our customer service team regarding the same. In order to ensure the security of your money and genuineness of the refund request, we complete the refund after satisfactory verification of your request which typically takes 4-5 business days from initiation of refund request. Also, since your account was not sufficiently funded your bank charged you a fee and unfortunately we would be able to pay you this fee. Since you have not completed your first transaction yet, the 'WELCOME30' offer will be still valid on your next transaction and as a compensation we will ensure that you receive a preferential rate on your future transactions as well.

Best

RemitMoney Team
sudheesh
Posted on December 13, 2016, 07:30 am
Hi Team,
You should train your Customer care person clearly, He only suggest me to send a mail to cancel and everything will be fine. If he inform me that you are going to take money from my account then I should have arranged somehow.

anyway i lost $29 just because of your Customer Care person.
Sachin
Posted on December 08, 2016, 08:50 pm

I sent my money on 30th of December and got an email to upload documents which I did next day. After 6 days they called me for KYC verification. Now all the verification has been completed but still I don't receive the money. Initially they said the transaction will be completed in 3-5 days but its more than 8 days. Bad service compare to other remit sites.

 
RemitMoney
Posted on December 09, 2016, 04:01 am
Hi Sachin,

We apologize for the delay in processing your transaction. We will definitely compensate you for this delay. Please check your mail for details. This detailed check is done only on your first transaction and thereon your transactions will be seamless. We are in the process of improving our compliance process so that we can do it instantly and quickly. However, currently we are ensuring a thorough check for the security and safety of your bank accounts.

Best

RemitMoney Team
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