Sending Money to Kolkata, India
How to send USD to a recipient in Kolkata, West Bengal. Bank transfer tips, IFSC codes, delivery times, and how Root makes it easy.
Kolkata, the cultural capital of India, is a key destination for USD to INR remittances from NRIs in the USA. Many send money to support family, manage properties, or invest in local businesses and education. This guide covers everything you need to know about sending funds safely and efficiently from the US to Kolkata. Learn how to avoid hidden fees, comply with Indian regulations, and ensure fast delivery.
Kolkata is a major metropolitan hub in eastern India, known for its rich heritage, educational institutions like IIT Kharagpur and Presidency University, and thriving real estate market. NRIs frequently send money for household expenses, property purchases, school fees, and business investments in sectors like retail and healthcare across the city.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to Kolkata
Banks in Kolkata
HDFC, SBI, ICICI, Axis — all supported
How to Send — Step by Step
Log in to Your Root Account
Access your Root app or website and sign in securely.
Pro tip: Enable two-factor authentication for added security.
Start a New Transfer to India
Select 'Send Money' and choose India as the destination country.
Enter Recipient’s Bank Details
Provide the recipient’s full name, bank account number, and IFSC code for their Kolkata branch.
Pro tip: Double-check the IFSC code—errors here are the most common cause of failed transfers to banks in Kolkata.
Enter Transfer Amount in USD
Input how much you'd like to send. Review the live exchange rate and final INR amount the recipient will get.
Confirm & Send
Verify all details, complete KYC if required, and authorize the transfer. You'll receive a tracking ID.
Local Tips
Kolkata operates on IST (UTC+5:30), so coordinate with recipients during business hours there (9 AM–5 PM) for any bank verification needs.
Many recipients in Kolkata use SBI’s Main Branch (Kolkata GPO) or ICICI branches in Salt Lake and Ballygunge—ensure correct IFSC codes are used.
For property transactions, keep documentation ready as Indian banks may ask for proof of purpose under FEMA guidelines.
Send Money to Kolkata with Root
Zero fees, interbank rate. Your family in Kolkata receives INR directly.
Send to Kolkata NowFrequently Asked Questions
Do I need to pay TCS when sending money to Kolkata?
Yes, if the total value of your remittances exceeds ₹7,00,000 in a financial year (April–March), 5% TCS will be deducted at source by your remittance provider. This applies regardless of the recipient's location, including Kolkata.
Can I send money to an NRE account in Kolkata?
Root currently supports transfers to NRO and regular savings or current accounts in Kolkata. Support for NRE accounts is coming soon—check back for updates.
How long does it take for money to reach a bank in Kolkata?
Transfers typically take 1–4 business days to complete, depending on the bank and whether the details (especially IFSC) are accurate. Major banks like HDFC and SBI in Kolkata process transfers faster.
Is my recipient in Kolkata required to have a PAN card?
For transfers above ₹50,000, some Indian banks may request the recipient’s PAN card for compliance, especially for high-value transactions or NRO accounts. It’s best to have it ready.
Are there any prohibited uses for remittances to Kolkata?
Under FEMA, you cannot use remittances for restricted purposes such as gambling, lottery, or real estate speculation. Support for education, medical bills, property maintenance, or family living expenses are permitted.