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Transfer Money from the USA to India
The USA has one of the largest populations of NRIs in the world. Most NRIs, no matter how long they have been in the US, have strong financial and emotional ties with India. Many of them frequently send money to India from the USA to support their financial commitments.
DBS Bank makes it easy for NRIs to transfer money quickly and efficiently through remittances to NRE accounts.
At a Glance
Whether you wish to pay for your family's expenses back home, buy property, invest in financial securities or donate to charitable causes, a DBS Treasures NRE account makes it easy for you to receive and manage your financial commitments in India.
You can remit money from the US into an NRE account in India using any transfer method of your choice.
An NRE account comes with various inward remittance benefits including:
- Preferential Exchange Rates: You can choose to make the conversion from USD to INR at the time of credit and enjoy preferential rates.
- No Service Charges: You do not need to pay any additional service charges for credits to an NRE account. Only the Fx conversion fees will be levied.
- Fast Credits: When you transfer to an NRE account, it gets credited within 24 hours* of DBS Treasures receiving instructions.
NRE Account Benefits
- Have a Dedicated Relationship Manager: Get assisted by an experienced specialist in case you have any queries
- Open an Account Remotely: You can open an NRE account from anywhere across the world
- Transfer High-Value Amounts: There is no limit on the amount of money you can transfer. You can even meet high-value commitments like buying a property easily through remittance to an NRE account
- Get Higher Interest Rates: Enjoy attractive interest rates on funds held in your NRE account or fixed deposits
- Avail Tax benefits: Interest income from your NRE account is tax-free
- Enjoy Lifestyle Privileges: Benefit from over 40 privileges including global travel and medical assistance, property management services, global educational concierge, legal services, tax and trust planning, etc.
- Repatriate Fully: You can repatriate the amount you hold in an NRE account any time to your country of residence
- Pay Bills Online: Make investments and pay your utility bills for India right from your smartphone using our digital banking services.
DBS Treasures levies no additional service charges for remittances into an NRE account from the USA.
|International Funds Transfer||Service Charge|
|Credit to DBS Treasures Account for Inward remittance||Free|
|Returned funds for unapplied OTT / ITT (for inward remittance)||All INR 500 + Swift Charges|
Money Transfer Options
You can fund your NRE account from abroad using any convenient method available to you – online remittances, wire transfers or a correspondent bank transfer. Once the money is deposited in your NRE account, we will send you an alert via SMS and e-mail.
If you do not have an NRE account, you can reach out to us to open one quickly and conveniently.
How to Apply
Apply Now A Relationship Manager will reach out to you shortly
Frequently Asked Questions
Yes, you may open a joint NRE account with a resident Indian relative on a former or survivor basis. The resident Indian family member can manage the account as a power of attorney holder.
There is no limit to the amount you can send from Hong Kong to India to an NRE account. Also, you can freely repatriate the money you have in your NRE account back to Hong Kong.
You can send money to an NRE account for any reason, such as paying for family expenses, buying property, investing in the Indian market, making donations, paying bills, etc.