Cheapest way to send money to India · quotes checked 2026-10-29
Paying by bank transfer from the US. The cheapest provider changes with the amount, so both $200 and $1,000 are shown. Ranked by what the recipient gets, which is what matters: the fee and the exchange-rate markup together.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Wise | 18,837.93 INR | 95.218 INR/USD |
| Western Union | 18,757.44 INR (−0.43%) | 94.7298 INR/USD |
| Remitly | 18,642.6 INR (−1.04%) | 95.1105 INR/USD |
| Wells Fargo | 18,458.59 INR (−2.01%) | 92.2929 INR/USD |
| Chase | 17,991.93 INR (−4.49%) | 92.2663 INR/USD |
Collected and published by Wise, which is also a provider in the list. PayPal not listed for this corridor. Source, 2026-10-29.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Remitly | 95,110.48 INR | 95.1105 INR/USD |
| Western Union | 94,729.75 INR (−0.4%) | 94.7298 INR/USD |
| Wise | 94,565.76 INR (−0.57%) | 95.218 INR/USD |
| Wells Fargo | 92,292.93 INR (−2.96%) | 92.2929 INR/USD |
| Chase | 91,804.97 INR (−3.48%) | 92.2663 INR/USD |
Collected and published by Wise, which is also a provider in the list. PayPal not listed for this corridor. Source, 2026-10-29.
Because most of the cost hides in the exchange rate. A provider with a $0 fee and a 3% worse rate costs more than one with a $5 fee at the mid-market rate. "Recipient gets" captures both.
Fixed fees matter on $200 and vanish on $1,000, while rate markups scale with the amount. That is why Wise wins at $200 and Remitly at $1,000 here.
No. They are quotes read on 2026-10-29 from the source linked above. Rates move daily; use them to pick a provider, then check the live quote before sending.
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