USA 
INR 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
Service Tax 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.
- ACH Transfer
- Wire Transfer
- $7500 per transaction
- Send up to $22,500 per day
- 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
EDITORIAL REVIEW
USER REVIEWS
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.
2 
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
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.
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.
2 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
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.
1 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.
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)
4 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
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)
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
1 Kindly provide your contact details so that we can get in touch with you and help you out.
Regards,
RemitMoney Team
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
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
3 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
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.
2 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
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.
3 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
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.
Hi, I did my transfer today and I applied promotional for first time user but it didnt showup even after the transaction completes. Please confirm if it is applied else I will never opt for your service. Thanks, Sachin
1 We are sorry for the confusion. Don't worry one bit, the 30 paise benefit will be applied on your transaction. That is a guarantee. We have already fixed this issue where the revised amount is not visible after applying the promo code and this will be live from tomorrow.
Best
RemitMoney Team
I am planning to register with remitmoney. What sort of kyc process is done by remitmoney ? Do we need to upload any documents ?
0 Please do register with RemitMoney. We do your call verification where we will verify your basic details and we will also verify your identification credentials which you enter during registration. If the verification is not satisfactory we will require you to upload the copy of the identification document so that our compliance team can complete your KYC. Your details are secure with us.
Best
RemitMoney Team
Not a good bank as bank verification is done by 5 Days and now when i am trying to transfer for the first time its showing 68.43 rather than 69.11 when i opened my account and also promo code doesn't change the transfer rate its still showing old rate and also you guys are charging service tax which normally other banks don't charge which customer comes to know at the last step of transfer and on the first page you guys says their is no charge. Regards
2 As mentioned in a previous reply, the facility to book a transaction right after adding your account details will be available soon. The service tax calculation on the Home page as well as the first and last step of the 'Send money' function. This is clearly displayed so that there is no confusion before you confirm the transaction. Also, this is clearly displayed in the transaction receipt; if there is any error you can cancel your transaction within 30 minutes of booking the transaction. We are making changes such that the promo code after application displays the new rate so as to avoid any confusion, this will go live in a couple of days. However, have no doubt that the benefit on the first transactions will be applied on the eligible transactions for sure.
Best
RemitMoney Team
When i am trying to transfer i am not getting rate of 69.11 as the rate when i opened my account and now i can see on compare remit you have added in bolded letter that Service Tax Applies this information was not present earlier and this was shown when we start transferring. This was the GAP.
Regards
Harmeet
1 We apologize for this confusion. We are working on fixing the gaps that are present on the website and your feedback helps us close them faster. We understood that Service tax is causing a confusion and that's why we added the notification so that it is clear for our customers before registering and initiating a transaction.
Best
RemitMoney Team
Not a good bank as bank verification is done by 5 Days and now when i am trying to transfer for the first time its showing 68.43 rather than 69.11 when i opened my account and also promo code doesn't change the transfer rate its still showing old rate and also you guys are charging service tax which normally other banks don't charge which customer comes to know at the last step of transfer and on the first page you guys says their is no charge. Regards
I initiated my new transfer through RemitMoney and selected the PromoCode Welcome30, however, I did not see the extra 30 paise being applied. It still shows as per the normal remittance rate of 68.14.
3 We apologize for the confusion caused. The promo code benefit is applied on your transaction and the same will be credited to the account in India post your KYC. Nothing to worry. The promo code will definitely be applied if you send an amount less than or equal to $2,999.
Our technical team is working on displaying the revised amount on the screen post application of the promo code and we will have it in place in 1 or 2 days. Thank you for raising this query so that we could reply and resolve any confusion. These help us make improvements to our website and sevice right then and there.
Best
RemitMoney Team
