Last reviewed: · Curated by Ohmyfin Organisation editorial.
The United States → India corridor (USD → INR) settles in same business day to 2 business days. This guide covers timing, costs, the correspondent banks involved, and how to track any payment in real time on Ohmyfin.
Speed: Same business day to 2 business days. SWIFT GPI same-currency payments inside this corridor often settle in minutes; cross-currency payments going through a USD or EUR intermediary add 6–24 hours.
Cost: USD 25–55 wire fee + ~1–2.5% FX spread. The wire fee comes from your bank; the FX spread is the difference between the mid-market rate and the rate the bank gives you. SWIFT GPI fee transparency rules now require participating banks to publish their fees up front.
Routing: India requires a purpose code on every inward remittance under FEMA. Common codes: P0006 (gifts), P0103 (software services), P0802 (consultancy). Missing/wrong purpose code is the #1 reason US→India payments get returned with FF07.
Tracking: every payment in this corridor carries a 36-character UETR (Unique End-to-end Transaction Reference). Paste the UETR into the Ohmyfin homepage tracker and you will see the latest available SWIFT status in seconds — including which correspondent bank holds the funds, when they were credited, and any rejection reason code.
Same business day to 2 business days. SWIFT GPI ensures most payments are credited the same business day, but compliance screening, missing data and time-zone cut-offs can extend it.
USD 25–55 wire fee + ~1–2.5% FX spread. Choose charges instruction OUR (originator pays all) for predictable amounts on the receiving side.
Most often: compliance screening at a USD/EUR intermediary, time-zone cut-off, or missing originator/purpose data. Track the UETR on Ohmyfin to see exactly which bank is holding it.
Paste the 36-character UETR (from your MT103 or pacs.008 confirmation) into the Ohmyfin tracker. Latest available SWIFT status — settled, in flight, pending or rejected — in seconds.
No card needed. Free for ordinary users — 5 IP-based lookups per day, plus 100 credits instantly when you sign up with email. Use them on any international wire across 11,000+ banks.
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