What are the reasons to transfer money from US to India? Do I need to mention them?

You can transfer money to India from USA for any reason – be it children's education, weddings, investments in India, medical emergencies, donations, etc. You do need to mention the reasons for remittance on the transfer form under RBI guidelines.

What benefits can I get if I remit money to a DBS Treasures NRE account?

You can get several benefits on remittance to an NRE account, including real-time credit alerts, attractive interest rates, easy management of your India finances, no-limit transfers, completely digital banking, etc.

Can I have a joint NRE account?

Yes, you can open a joint NRE account with a resident (on a former or survivor basis) or non-resident Indian.

Transfer Money From USA to India with Ease

Money Transfer from USA to India

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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.

Inward Remittances

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.

*T&Cs Apply

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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.

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Service Charges

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 send money from USA to India offline or online through foreign demand drafts, wire transfers or correspondent bank transfers. Online transfers into an NRE account are all the more convenient because they are faster and there is no limit on the amount you can transfer per year.

How to Send Money to India Online from USA

Here are the steps to transfer money from USA to India:

Step 1: Open a DBS Treasures NRE account.

Step 2: Log in to your local savings account in USA and choose international funds transfer, remittance or a similar option.

Step 3: Enter your mobile number or Customer ID. Your bank account details may get displayed automatically.

Step 4: Select or add your beneficiary. Here you will have to add and select your DBS Treasures NRE account.

Step 5: Check and verify if you have entered the information correctly.

Step 6: Click 'Submit' or its equivalent option.

Once the money is deposited in your DBS Treasures 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, remotely and conveniently.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

Can I hold a joint NRE account with a resident Indian?

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.

How much money can I send to an NRE account from Hong Kong and an NRE account back to Hong Kong?

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.

For what reasons can I send money to an NRE account?

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.