The Best Way to Send Money for Diwali 2022

Updated on October 06, 2022 01:13 pm

Diwali, or the Hindu festival of lights, is quickly approaching - and if you’re thinking about gifts to give to family overseas in India, sending money is an excellent option to explore. In 2022, Diwali will begin on October 22, and end on October 26. Plus, the USD to INR exchange rate is at an all time high, which means you’ll get the most India Rupees for your dollars.

Sending physical gifts can be a daunting task due to customs regulations and the uncertainty that can come with using international postal services. It can also be costly to send large packages overseas in a timely manner and with package tracking. Sending money to loved ones online is easier than ever, and arrives quickly - sometimes in as little as a few minutes depending on the provider you choose.

Let’s take a deep dive into how to send money overseas for Diwali and explore your provider options.

How to Send Money to India for Diwali

For those who are celebrating far from home, having the option to send money to loved ones overseas can help you feel connected and show your love and appreciation even when you aren’t able to celebrate with family physically. Sending money online is safe and secure, typically inexpensive, and gets to your recipient quickly.

CompareRemit partners with top remittance providers in order to assist you in getting the best exchange rates and lowest fees when sending money to India. We recommend first beginning by using our comparison tool to understand your options.

We partner with top remittance service providers so that you can see all of your options in one place. On our compare page, you can input the amount you are looking to send to India, and from there, our page will generate the providers who offer this service along with their current USD to INR exchange rate offering, any transfer fees they may charge, the transfer time you can expect, and also the amount that will be received by your beneficiary. This gives you the opportunity to choose the provider that is offering the best rates and lowest costs for your USD to INR money transfer. Many of our partners are also offering special rates and promotions for sending money to India that you can take advantage of!

Providers Offering Money Transfers from to India

Choosing the best provider for you comes down to considering what each company offers according to the amount of money you are sending and where you are sending from and to.

Top money remittance providers that we recommend include:

These partners offer the ability to transfer money to India. We recommend comparing their services using our Compare Page to see which company is currently offering the best rates, lowest fees, and discover any active specials or promotions.

What to Consider Before Making Your Money Transfer

Before making your money transfer for Diwali 2022, there are a few things you will want to consider. Here are some things to think about when choosing your provider:

Exchange rates - You may find that the exchange rate is different among all providers. This is because some companies have a markup on their exchange rate, and some may even offer a better exchange rate for first time users. This is where using a comparison service becomes beneficial, because it is easy to pick the best exchange rate offered so your recipient gets the most Rupees for your dollars or pounds.
Transfer fees - Different providers will charge different transfer fees, so this is something to explore. Some companies don’t charge transfer fees if your transfer is over a certain amount. Others charge a percentage of the total amount transferred. You may also find some providers don’t charge any fees for first time users!
Transfer speed - Consider how quickly you need your money to arrive. Some will have your money arrive in minutes, while others could take a few business days. The earlier you start your transfer to send money for Diwali, the more options you will have! Express delivery typically costs more, so a slow speed might be a most cost efficient option for you.
Offers and deals - Many providers will offer deals and specials during Diwali, including free transfers or better exchange rates. Take advantage of those that are offering specials to save money!