Sending Money from New York City to India
How NRIs in New York City, New York can send USD to INR. Zero fees, interbank rate, and fast delivery with Root.
Indian-Americans in New York City form a vibrant NRI community, many working in tech, finance, and healthcare sectors. This guide helps NYC-based NRIs navigate the USD to INR remittance corridor with clarity and confidence. We cover fees, timelines, regulatory requirements like TCS, and best practices for sending money from New York City to India safely and efficiently.
New York City attracts Indian professionals through opportunities at global tech firms, top hospitals, and prestigious universities like Columbia and NYU. Many NRIs in NYC send money to support family, invest in property, or assist with education and medical expenses in India. The city’s large Indian diaspora makes it a key hub for cross-border remittances.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days
Minimum Amount
$10
How to Send — Step by Step
Download the Root App
Available on iOS and Android, create your account with basic identity details. Verify your profile using your passport and US visa status as an NRI.
Link Your US Bank Account
Connect your US bank account via ACH — supported banks include Chase, Bank of America, and Citi, widely used in New York City.
Pro tip: Use your NYC-based bank’s routing number and account details. Most verifications complete within 1–2 business days.
Enter Transfer Details
Input the amount in USD, select INR as the destination currency, and provide recipient’s Indian bank details including full name, account number, and correct IFSC code.
Review Exchange Rate and Confirm
Check the live interbank rate and confirm no hidden fees. Remember that 5% TCS applies in India if the beneficiary receives cumulative remittances exceeding ₹7,00,000 in a financial year.
Track Your Transfer
Once sent, track the progress in-app. Most transfers arrive in 1–4 business days, accounting for time zone differences between New York and India.
Local Tips
Schedule transfers early in the morning (EST) to align with India’s banking hours (IST), reducing processing delays due to time zone differences.
Many Indian families in Kerala or Punjab rely on timely remittances from relatives working in NYC’s hospitals or fintech firms — use auto-save features to plan monthly support.
Double-check IFSC codes using official bank websites or apps; errors are a top reason for failed transfers to Indian accounts.
Send Money from New York City to India with Root
Zero fees, interbank rate. Built for NRIs in New York City.
Get StartedFrequently Asked Questions
Do I have to pay any fees when sending money from New York City to India with Root?
No. Root charges zero transfer fees, and you receive the interbank exchange rate with no hidden markups. Amounts are sent directly from your US bank account in NYC to the recipient’s Indian bank.
How does 5% TCS affect my remittance from New York City?
If the total remittances received by a resident Indian beneficiary exceed ₹7,00,000 in a financial year under LRS, 5% TCS is collected by the Indian bank. This does not apply to NRIs sending money but impacts the recipient. Factor this in for large or frequent transfers.
Can I send money to an NRE account in India?
Currently, Root supports transfers to NRO and regular savings or current accounts in India. Support for NRE accounts is coming soon.
Is my recipient required to have a PAN card?
Yes, for large transfers (typically over ₹50,000), Indian banks may require the recipient’s PAN for regulatory compliance under FEMA and income tax rules. Provide it upfront to avoid delays.