$500 USD to INR — Live Exchange Rate & How to Send
Convert $500 USD to Indian Rupees. See today's live exchange rate, how much INR you get, regulatory notes, and how to send with Root.
Sending $500 USD to India is fast and affordable with Root, with recipients getting approximately ₹CHECK_LIVE. Root offers the real interbank exchange rate with zero fees, ensuring more money reaches your family. This guide covers the amount you'll receive, transfer steps, delivery time, and key compliance details like IFSC and TCS implications.
You Receive (Approximate)
Live rate
Brief note: Root uses interbank/mid-market rate with zero markup. Exact amount depends on rate at time of transfer.
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days
Minimum Amount
$10
Daily Limit
$2,999 standard / $15,000 with SSN
Send $500 to India with Root
Zero fees. Interbank rate. Delivered in 1-4 business days.
Send $500 NowImportant Rules & Regulations
TCS Threshold
5% Tax Collected at Source (TCS) applies only if the total remittances under LRS exceed ₹7,00,000 (~$8,400) in a financial year. Since this transfer is $500, TCS does not apply.
applies only above ₹7,00,000 annual total
IFSC Code Required
An 11-digit IFSC code is mandatory for all bank transfers to India. Make sure you enter the correct code — errors can delay or reject your transfer.
How to Send — Step by Step
Log in to Root
Open the Root app or website and sign in to your account.
Start a New Transfer
Select 'Send Money' and choose India as the destination country.
Enter $500 USD
Input the amount — $500 — and confirm the recipient receives ₹CHECK_LIVE based on the live rate.
Add Recipient Details
Enter the beneficiary’s full name, Indian bank account number, and correct IFSC code. Double-check for accuracy.
Review & Confirm
Verify all details including zero fees and exchange rate, then confirm the transaction using your 2FA method.
Track Delivery
Receive updates via email or app notifications. Funds typically arrive in 1–4 business days.
Tips for This Transfer
Send early in the week to avoid weekend delays — transfers initiated Monday–Wednesday often arrive faster.
Always confirm your recipient’s IFSC code with their bank if unsure; incorrect codes are a leading cause of failed transfers.
Since this is a $500 transfer, TCS does not apply — you're well below the ₹7,00,000 (~$8,400) annual threshold.
Frequently Asked Questions
How much INR will I get for $500 USD today?
You’ll receive approximately ₹CHECK_LIVE, based on the live interbank exchange rate. Root adds no markup, so you get the true market rate.
Does 5% TCS apply when sending $500 to India?
No, 5% TCS applies only if your total remittances under LRS exceed ₹7,00,000 in a financial year (~$8,400). A $500 transfer does not trigger TCS.
How long does a $500 USD to INR transfer take?
Transfers sent via Root typically arrive in 1 to 4 business days, depending on the recipient's bank and time of initiation.
What bank details are needed for sending $500 to India?
You’ll need the recipient’s full name, Indian bank account number (exactly as registered), and a valid 11-digit IFSC code for successful delivery.
Can I send $500 from the USA to an NRO account in India?
Yes, Root supports transfers to NRO and regular savings or current accounts in India. NRE account support is coming soon.