INDremit - Fast Funds Transfer

Standard international wire transfers take 2–3 business days and pass through multiple intermediary banks, each potentially deducting charges. INDmoney's fund transfer works entirely within India & GIFT city. Your US stocks wallet sits inside GIFT City, India's international financial centre, regulated by IFSCA. INR-to-USD conversion happens inside this system. The result: Funds typically reach your US wallet within hours of initiation, not days.

The entire fund transfer, from initiating the INR transfer to watching it arrive in your US wallet, happens within the INDmoney app. You see live tracking of your funds at every stage. No separate banking portal, no manual SWIFT reference numbers, no waiting for an email confirmation that money has arrived.

There is no flat fee or platform charge on your INR to USD conversion on INDmoney. A transparent forex markup is applied by your bank, shown to you before you confirm each transfer. No hidden intermediary charges, no SWIFT fees, no receiving bank fees.

INDmoney shows you the live INR to USD exchange rate before you confirm any transfer. Your USD amount is calculated at the real-time rate, with the forex markup clearly disclosed. There are no spread markups beyond the disclosed rate, what you see is what you get.

INDmoney currently supports direct fast transfers from accounts held at: HDFC Bank, ICICI Bank, IDFC First Bank, Kotak Mahindra Bank, Axis Bank, Federal Bank. More banks are being added. If you have a savings account at any of these banks, you can link it in the INDmoney app and enable instant autopay for both SIPs and one-time transfers.

If you don't currently have a savings account with any of INDmoney's 6 partner banks, you can open a free HDFC Bank or Federal Bank savings account directly within the INDmoney app, without visiting a branch or submitting physical documents. This makes fast transfers available from day one, even for first-time investors.

Go to the “Add Money” section in your US stocks dashboard and select your bank from the partner list. Complete the one-time account linking process using net banking or UPI. You can also open a new HDFC Bank or Federal Bank account directly within the INDmoney app. Once linked, all future transfers can be completed directly from your account in just one tap.

INDmoney charges zero platform fee on any fund transfer to your US stocks wallet, whether it is a one-time transfer or a SIP autopay deduction. There is no flat fee per transfer, no account maintenance charge, and no minimum transfer amount.

Every INR-to-USD conversion involves a forex markup charged by your bank, the difference between the interbank exchange rate and the rate you receive. INDmoney discloses this markup to you before you confirm every transfer. The markup typically ranges between 0.5% and 1.2%, depending on your bank and transfer method.

All transfers to your US stocks wallet count toward the RBI’s Liberalised Remittance Scheme (LRS) limit of $250,000 per financial year. Under current regulations, remittances above ₹10 lakh in a financial year attract 20% TCS (Tax Collected at Source). This amount can be claimed back while filing your ITR. Transfers within the ₹10 lakh threshold currently do not attract TCS.