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Money2India Login Register Now Rates and Charges
  • Money2India Exchange Rates

    USA = ₹ 65.90

    UK = ₹ 99.32

    Australia = ₹ 47.73

    Canada = ₹ 49.45

    Singapore = ₹ 47.05

    Hong Kong = ₹ 8.49

    Switzerland = ₹ 64.08

    Sweden = ₹ 7.52


    *Confirmed exchange rate for USA and Indicative rates for other geos for transfers of 3000 Foreign Currency Units & above as on November 27, 2015 at 06:00 pm IST. Exchange rates are volatile and are subject to change. Check the Exchange Rates before initiating the transfer.
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What is e-Transfer?

A completely online, paperless money transfer service with an assured SERVICE GUARANTEE. If your money doesn’t reach India within 4 working days, we shall reimburse the loss on the delayed period.


Time taken to send money 4 working days
Service Charges* USD 2 below 50,000 INR
No charge above 50,000 INR
Recipients ICICI Bank Account, Non ICICI Bank Account,
Visa Debit Card



  • Completely online
  • Competitive & locked-in exchange rates
  • Automated recurring money transfer: Schedule your money transfers in advance

How does it work?

Post a one-time free registration, follow the below simple steps to send money :


Day Day
  2.  If you fail the Internet banking verification module then the below process will be carried to validate your Sender bank account. Day 01
  Day 1:  Money2India initiates 3 small value transactions in your sender account Day 2: Transaction details appear in your account Day 2: You validate the details by logging into the Money2India account Login and add sender and receiver' bank account details. Validate the foreign bank account through Internet banking credentials and you can send funds instantly


  1. Login & add sender/local bank and receiver bank account:
    1. Select 'Add your Bank Accounts' under the "Quick Links"
    2. Select "e-Transfer" under 'Transfer Money' and enter the following details:
      1. Social Security Number
      2. Sender/Local Account Details
        • Bank Name
        • Account number
        • Account type ( checking or consumer saving account)
        • 9 digit Bank ABA Routing Number
    3. Receiver Bank Account Details
  2. One-time Validation of Sender/Local bank account for security reasons:
    1. Money2India initiates 3 small value transactions in your sender account added in step 1
      • There would be 2 deposits (credit) and 1 withdrawal (debit) from the bank account. For example, Deposit 1 of $ 0.XX, Deposit 2 of $ 0.YY and Withdrawal 1 of $ 0.ZZ.
      • Please note: The Withdrawal amount would be equal to the sum of the Deposit amounts. Hence your account balance would not be affected by these transactions

    2. Transactions details appear in your local/sender bank account statement
      • For example it might be shown as:
        1. Deposit 1 : MONEY2INDIA PYMT TRANSFER $ 0.XX
        2. Deposit 2 : MONEY2INDIA PYMT TRANSFER $ 0.YY
        3. Withdrawal 1 : MONEY2INDIA SUB TRANSFER - $ 0.ZZ
      • Please note: There is a possibility that your local/sender bank in USA might club the two Deposit transactions and show only a single deposit in your bank account. In such a case, please contact your bank for the correct details of the Deposits and Withdrawals.

    3. You validate the details by logging into the Money2India account
      • We would send you an email requesting you to confirm the amount of the small value transactions by logging into Money2India website. The instructions for confirming the values are explained in the email.
      • Login with your Money2India User Id and select “My Accounts” tab on your Home page.
      • On the following page in the overview section, you will see the 1st tab as “e-Transfer Accounts” under 'My Bank Accounts in United States of America'.
      • The account added by you will be shown here with the account status as “Validate Your Account”. Click on this 'Validate your account' link under Account Status.
      • The account added by you will be shown here with the account status as “Validate Your Account”. Click on this 'Validate your account' link under Account Status.
      • You would get a screen for e-Transfer Account Validation, wherein you would have to enter details of the 2 Deposits (credits) only as appearing in your local bank account. For example, you would have to enter 0.XX and 0.YY against the Deposit 1 and 2 fields. Please note that you can enter the Deposit values in any sequence.

        Please note: As a security measure we allow a maximum of 2 attempts to enter Account Validation details. If you enter the details incorrectly twice, your sender e-Transfer account would be disabled on Money2India. In case your sender e-Transfer account gets disabled, please Email Us to re-activate your e-Transfer account on Money2India.

    4. Your account is validated for sending money
      • On correct entry of the Deposit amounts, the status of your e-Transfer account, will change to “Account Enabled” and you can now start using the sender/local bank account to directly send money to your receiver account in India using e-Transfer facility on Money2India
  3. Send money to your receiver account
    1. Login with your Money2India User ID
    2. Select "Transfer Money" tab against "e-Transfer" transfer mode on your Home page
    3. Select your sender account enabled for e-Transfer (in case of multiple sender accounts)
    4. Select the Receiver from the list to whom you wish to transfer the money:
      1. You get fixed Rupee Transfer facility by default
      2. Specify transaction amount in INR
      3. Select your purpose of Remittance from the given options.
      4. Select the date on which you wish to initiate your transfer:
        • You can either select 'Now' which means the request initiation date is current date and amount will be disbursed to your Receiver in 4 working days


    1. You can select the 'Schedule for later' option if you wish to initiate the transfer on a future date or set-up recurring transactions.
    2. Once you have provided all the accurate details click on the Next button to proceed
    3. Verify all the details provided by you.
    4. If the details are accurate, then click on the Confirm button.
    5. Please note: In case you need to make any changes in the information, click on the Back button. You will be taken back to the previous step.

    6. You can track the status of this transaction by visiting the “Track Transfer” option. An email would also be sent your email id confirming the status of your money transfer.
    7. Your e-Transfer transaction is complete now and money will be transferred in 4 working days.
    8. Once you click on the Confirm button you will be provided with your unique Tracking number which you can use to track your transaction online.

You can “Cancel” your e-Transfer transaction within 30 minutes from request raised time and till your transaction is in “Request received” status. Once the status of your transaction changes to “Transaction in Process”, you will not be able to cancel this transaction. Recurring/ scheduled transfers, can be viewed under the Scheduled Transfer and Recurring Transfer tab.


If you want to send money on a regular basis (e.g. every month) you can make a recurring money transfer request.

Please Note: The above mentioned timeline excludes banking holidays and weekends in USA and India. Please click here to view the list of banking holidays in India. *Visa Money Transfer cannot be used to transfer money to NRE Account linked VISA cards.


  • *A nominal USD 2 for amounts of INR 50,000 or below charge compared to the hefty charges incurred on international wire transfers or while sending money through money transfer agents.
  • Service tax will be levied on the converted gross INR amount in accordance with the Finance Act, 2015 and Service Tax (Amendment) Rules, 2015 of the Government of India w.e.f. June 1, 2015. Please click here to know the slab wise service tax structure. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount.
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