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Sending Money to India

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Money transfer
For the past 25 yrs I have been trying to find the best way to send money to India. Till now, it was horrendous. About 3yrs ago I came across HDFC and it has worked out pretty well for me. I keep money in my NRE acct and do third party transfers and my recipient(who also has to have a HDFC acct) gets the money transferred into their acct immediately. If I need to replenish my acct, it takes a month for the check to clear/lockbox etc. HDFC banks in Bombay - watch out - they dont give you the exchange they promise! I dont trust them. The ones in Kerala ALWAYS gave me the best rates and they delivered the rate they promised!! Also, watch out for those hidden transaction costs too! Charge when you deposit more than 50,000Rs and another charge when I deposited a personal check in India. They claim that the lockbox facility from the US does not get charged. I will find out when I try it. All in all, I was oaky with it.
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