I converted some singapore dollars into rupees earlier last month

I was given an indicative rate which I understood would be subject to change as the markets move. Between the time I booked the transaction and receipt of money, the rupee weakened further and the SGD-INR rate went up. However, what I got was a much lower rate than that was even first indicated to me. This is counter-intuitive, it’s in inverse to market movements, is contrary to any established logic and there is absolutely no reason for the rate to fall. I provided remit2india with Bloomberg and other official sources and they have confirmed that the exchange rate in fact moved in the other direction.

But they keep delaying any response or action so to avoid the issue and keep circling around the bush by talking about their back office using some market rate.

Its a clear rip off strategy where their website gives an indicative rate but they apply a way lower rate when they actually covert your money...trapping gullible clients like us who go to their website relying on their so-caled 'indicative' rate

HDFC QUickremit is bad news. Stay away. Tried Xoom, and they seem to be fast, at least on the first transaction.

I had really bad experience with Remit2India. They charged me $ 20 for ACH rejection, for which i was totally unaware. I did not receive any phone call or email about this pending charges and they recovered from my next remittance. I had no idea what is going on. There is no one in their office to give proper reply. Only way to contact is their email and there is no responsible person to give proper reply.
Morale of the story : AVOID REMIT2INDIA.

SBI promptly converts on the 5th working day. and their exchange rates are always better than any other online remittances.

I have tried several different options to send money to India. Of all the services, Remit2India has been the worst. They claim to give you best exchange rates, but the reality is very far from that. I did a test transfer of $50 in late June 2009 and they took around 3 weeks to complete the transfer. The exchange rate a dismal 43.9. The dollar-rupee conversion hasn't been this low in almost a year. Still they claimed that this was the prevailing exchange rate at that point. Obviously money2india transfers from around the same time had much higher exchange rates. Money2India has been the better experience to date. I also started to use the online remit service from Citi, it's been surprisingly painless so far for a Citi product.
Moral of the story-- stay away from Remit2India at all cost.

Avoid Remit2India at all cost. Its been over 2 weeks since money has been debited my foreign bank account but it has not yet arrived my NRI bank account. I have already called them thrice and send them numerious emails but only response I got is "apology for the deley" without any explaination. Their customer service centre is pathatic. Customer service have only authority to write to info@remit2india.com. Relationship manager is even more kind of gem. She kept calling me for promotions but has disappeared since I have intiated the tranaction. Once I received back my money ,I am done with them…BEWARE PEOPLE!!!!

Guys, I have been using ICICI money2india for the past two years and I have not faced any issues till now. Almost on all occasions I have got the transfer done in 5 working days. I am not sure on other banks.

In financial services, lack of clarity is almost fraud like. There are other better services that take you remittance amount, which is the amount you want to remit and add any applicable fees by disclosing it at the time of remittance.

Remit2India uses a fraudulent way of remitting money. They use the amount you want to remit, as the amount that they withdraw from the bank and then start subtracting from it charges they feel like. This is obviously fraudulent for at least two reasons:
The fail to disclose the fees and they don’t remit the amount you wanted to remit. By doing the transaction in such a manner that allow themselves to deduct what the like and when they like.

This company should be shut down. Complain to your local/state attorney general’s office and more the complaint, easier will it be to file a class action lawsuit to shut them down to prevent people from falling victims to their fraudulent ways.

Remit2Inida is useless. Takes 5 days for them to even begin doing anything only after you send a complaint. They don’t even reply, but rather get off their sorry rear end to start doing something. I have sent over doezen transfers through XOOM with zero complaints. There may be other good money transfer services too. Poor website + pathetic service = Remit2India. It benefits one to stay away from this crap remitting service. My recommendation - AVOID Remit2India AT ALL COSTS.

I have found that the only way to trust an organisation is if they can guarantee the exchange rate they offer.

Having experienced icicibank and many others, Transfermate.com stood out. They at least provide the exchange rate they quote. They do generally only handle medium to large payments as they specialise in assisting companies but worth a call