Sending Money to Maharashtra, India
How to send USD to Maharashtra. Transfer times, bank tips, regulatory notes, and how Root delivers INR to any bank in Maharashtra.
Many NRIs in the USA send money to loved ones or manage property and business expenses in Maharashtra, a vibrant state with strong economic roots. Whether supporting family in Mumbai, Pune, or Nagpur, or investing in real estate or education, sending money home should be simple and cost-effective. This guide helps you transfer USD to INR seamlessly to Maharashtra while understanding key rules and best practices. We cover everything from exchange rates to regulatory requirements specific to Indian remittances.
Maharashtra has the largest economy among Indian states, driven by finance, manufacturing, IT, and entertainment industries centered in Mumbai and Pune. Many NRIs maintain deep family, property, or business ties here, making it one of the top destinations for overseas remittances. Regular support for household expenses, education, healthcare, or ancestral home maintenance is common among NRI families.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to Maharashtra
Major Banks
SBI, HDFC, ICICI, Axis — all supported in Maharashtra
How to Send — Step by Step
Log in to Your Root Account
Access your Root app or website and log in securely. If you're new, sign up using your US identity and bank details.
Start a New Transfer to India
Select 'Send to India' and enter the amount in USD or INR. The system will show you the live exchange rate and total recipient receives.
Pro tip: Compare the rate with CHECK_LIVE interbank rate to ensure transparency.
Enter Recipient’s Maharashtra Bank Details
Provide the beneficiary’s full name, bank account number, IFSC code, and bank name. Ensure accuracy, especially the IFSC, to avoid transfer failure.
Pro tip: For cities like Thane, Nashik, or Aurangabad, confirm the exact branch IFSC via the bank’s official website.
Review and Confirm Transfer
Double-check all details, including the purpose of remittance, which must comply with FEMA guidelines (e.g., not for prohibited uses like gambling).
Pro tip: For amounts over ₹7,00,000 annually, note that 5% TCS may apply at source in India.
Fund Your Transfer
Choose your US bank account or debit card to complete the payment. Once confirmed, Root processes your transfer instantly.
Track and Notify Recipient
Use the tracking feature in the app to monitor progress. Inform your family in Maharashtra to expect INR credit within 1–4 business days.
Pro tip: NRO and regular savings accounts are supported; NRE support is coming soon.
Local Tips
In Mumbai, many banks operate numerous branches — always verify the correct IFSC for areas like Bandra, Andheri, or Dadar to prevent delays.
For property tax or municipal payments in Pune or Nashik, ensure the recipient’s account is linked to Aadhaar and PAN for compliance.
Festivals like Ganesh Chaturthi see higher transaction volumes — plan transfers early to avoid bank processing lags in Maharashtra.
Send Money to Maharashtra with Root
Zero fees, interbank rate. INR credited directly to any bank in Maharashtra.
Send NowFrequently Asked Questions
Can I send money from the USA to a family member in rural Maharashtra?
Yes, as long as the recipient has a bank account in a supported institution like SBI or HDFC, even in smaller towns or villages across Maharashtra. Ensure you have the correct IFSC code for the specific branch.
Is TCS applicable when I send money to my parents in Mumbai?
Yes, if the total remittances to India exceed ₹7,00,000 (approx. $8,400) in a financial year, 5% TCS is collected by the Indian bank or intermediary. This applies to the recipient side and should be factored into large transfers to Mumbai or other parts of Maharashtra.
What bank details do I need to send money to an NRO account in Pune?
You’ll need the account number, full account name, IFSC code, and bank address. Root supports NRO and regular savings accounts. NRE accounts will be supported soon.
Are there any restrictions under FEMA for sending money to Maharashtra?
FEMA prohibits remittances for purposes like gambling, betting, or lottery. All transfers must have a valid purpose such as family maintenance, property payments, or education — common use cases in Maharashtra.
Do I need to pay US Excise Tax when sending money to India?
As of early 2026, the proposed 1% US Excise Tax on international transfers has not been enacted. No such tax is currently charged, but always verify the latest regulations before sending.