Remittance from USA to India

I want to get information about the Remittance Best Exchange Rates from USA to India as well as other related like purposes and Limit. So here can you provide me information about it?

[Kiran Chandar]

As per your demand here I am providing you information about the Remittance Best Exchange Rates from USA to India as well as other related like purposes and Limit, as you want.

Today's Best Exchange Rates
$1 = 69.00
(For New Users Only)


Eligible purposes for Online Outward Remittances;
Education Abroad
Emigration fees
Employment abroad
Maintenance of close relative
Visa fees
Medical Treatment
Police verification
Private Visit Abroad

Limit for Online Outward Remittances;
Limit for Online Outward remittance is upto USD 25,000 per month per transaction;
subject to purpose specific limit specified by Reserve Bank of India.


Remittance by fiscal year;
Year Remittances Percent GDP
1990–1991 US$ 2.10 bn 0.70%
1995–1996 US$ 8.50 bn 3.22%
1999–2000 US$ 12.07 bn 2.72%
2000–2001 US$ 12.85 bn 2.84%
2001–2002 US$ 15.40 bn 3.29%
2002–2003 US$ 16.39 bn 3.39%
2003–2004 US$ 21.61 bn 3.69%
2004–2005 US$ 20.25 bn 3.03%
2005–2006 US$ 24.55(projected) bn 3.08%
2006–2007 US$ 29.10 bn
2007–2008 US$ 37.20 bn
2008–2009 US$ 51.60 bn
2009–2010 US$ 55.06 bn
2011–2012 US$ 66.10 bn 4.00%
2012–2013 US$ 67.60 bn
2013-2014 US$ 70.39 bn


Remittance Source Countries;
Remittances source country Remittance amount
UAE US$ 14,255 mn
USA US$ 10,844 mn
Saudi Arabia US$ 7,621 mn
United Kingdom US$ 3,904 mn
Bangladesh US$ 3,716 mn
Canada US$ 3,145 mn
Nepal US$ 3,220 mn
Qatar US$ 2,084 mn
Australia US$ 1,245 mn
Singapore US$ 1,113 mn
Bahrain US$ 690 mn
Italy US$ 572 mn
Malaysia US$ 493 mn

Top Remittance Receiving Countries;
Country Remittance amount
India US$ 70.39 bn
China US$ 64.14 bn
Philippines US$ 28.40 bn
Mexico US$ 24.87 bn
France US$ 24.76 bn
Nigeria US$ 20.92 bn
Pakistan US$ 17.06 bn
Germany US$ 15.80 bn
Vietnam US$ 12.00 bn
Spain US$ 10.99 bn
Lebanon US$ 8.90 bn
Indonesia US$ 8.55 bn