USD Banking for Indian Businesses

Get paid via ACH/Wire locally. Hold indefinitely. Convert to INR at your timing via stablecoin rails or SWIFT.

Swad dashboard preview

Start receiving USD
in three simple steps

Swad helps Indian businesses receive global payments, hold dollars, and convert to INR only when it makes financial sense.

01

Create your verified Swad account

Sign up for Swad, complete your onboarding, and finish KYC or KYB verification.

Once approved, you get virtual US bank account details that let your business receive ACH and Wire payments from international clients.

02

Share invoices or US bank details

Create a professional invoice or copy your US account and routing details in seconds.

Share them with clients so they can pay you like they would pay a US business, without confusing payment links, complex instructions, or forced currency conversion.

03

Hold, grow, and convert on demand

Keep your USD balance on Swad, earn yield on idle funds, get instant FIRCs, pay your team, and convert only what you need into INR.

Your funds stay liquid, so you can transfer partially, wait for a better dollar rate, move money when your business needs it, and access compliant documentation without delays.

Everything you need
to manage your USD

Earn yield, invoice clients, receive US payments, and convert to INR quickly all from one clear, flexible account.

Earn yield while keeping your dollars ready to move

Put your unused USD balance to work while keeping funds accessible for future conversions, payroll, or business expenses.

Create invoices in minutes

Send polished invoices with payment instructions that help clients pay you through ACH or Wire without extra confusion.

Sent ₹8,03,500 to HDFC Bank

₹96.23 per USD

Converting dollars to INR

Converting dollars to INR

Get INR in minutes

Convert USD to INR with transparent rates, move money quickly to your Indian bank account, and download your FIRC instantly.

Wait for better rates before converting your dollars

Put your unused USD balance to work while keeping funds accessible for future conversions, payroll, or business expenses.

Share US bank details instantly

Copy and share your account and routing details so clients can pay you like a local US business.

~5% savings

Other Providers

Convert with minimal fees

See the rate, fees, and final INR amount before you confirm, so every transfer feels clear and controlled.

Built for teams with global clients

Swad gives agencies and service businesses more control over USD cash flow, client collections, team access, and INR liquidity.

••••4920

Coming soon

Get paid by card.
Spend by card.

Clients can pay your invoices with their own cards, while you use your Swad USD balance for tools, software, ads, subscriptions, and travel.

Clients pay by card
Swad cards for USD spending
Loading Particles

The rupee fell 13% last year and our bank auto-converted every dollar we earned. We built Swad so that never happens again.

Portrait of Subah Wadhwani

Subah Wadhwani

Co-founder, Swad

FAQs

Don't see the answer you're looking for? Get in touch

How do I receive USD payments?
You get a US bank account with a routing number and account number. Your clients pay via ACH or domestic wire, which is the same as paying any US vendor for them.
How do I convert to INR?
You initiate a conversion from your Swad dashboard whenever you're ready, or when you think the rates are good. Funds are converted and sent to your Indian bank account via stablecoin rails or SWIFT - you choose.
Can I choose when to convert?
Yes. Your USD sits in your account until you decide to move it. There's no forced conversion. Hold for a day, a week, or months. It’s 100% compliant with stablecoin rails.
How fast are payouts to my Indian bank account?
Stablecoin rails: under 15 minutes. SWIFT: 1-2 days. You can choose either.
Do I get FIRCs?
Your bank will generate FIRCs/FIRAs when you choose to convert via SWIFT. When choosing stablecoin rails, FIRCs cannot be generated.
How is this different from Wise/Payoneer/Skydo?
Wise, Payoneer, and Skydo convert your USD automatically. Swad gives Indian businesses a USD account with full hold-and-convert flexibility with no US entity required.
Why not just use a regular Indian bank account?
You can. But your bank will convert your USD to INR the moment it arrives. INR fell more than 13% to USD last year. Your choice.

Disclaimer

  1. Swad Labs Inc. is a financial technology company, not a bank. Swad does not hold a money transmission license. All regulated payment activities including USD collection, stablecoin conversion, and cross-border transfers are performed by licensed partners. US virtual accounts are provided through licensed banking partners.
  2. USDC held in your Swad account is a digital asset, not a bank deposit. USDC balances are not insured by the FDIC, SIPC, or any government agency, and are not guaranteed by any bank. USDC is issued by Circle Internet Financial, LLC and is designed to maintain a 1:1 value with the US dollar, but this value is not guaranteed. Digital assets may fluctuate in value and may result in partial or total loss.
  3. USDC in your Swad account is held in a self-custodial wallet powered by Privy. Swad Labs does not have access to your private keys and cannot move your funds without your authorization. You are solely responsible for maintaining access to your wallet through your registered device and biometric credentials.
  4. INR payouts are facilitated by a licensed provider through a Rupee Drawing Arrangement (RDA) with authorized dealer banks in India, in compliance with RBI regulations. Foreign Inward Remittance Advice (FIRA) is issued by the receiving bank for applicable transactions. Settlement times, conversion rates, and fees may vary.
  5. INR off-ramp services are provided by licensed third-party partners. Conversion rates, fees, and settlement times may vary. Tax Deducted at Source (TDS) may apply on transactions as required by Indian tax law and is passed through to the relevant tax authority.
  6. International SWIFT transfers are subject to compliance review and enhanced due diligence by our banking partners. Approval is not guaranteed. Transfer times may vary by recipient bank and jurisdiction.
  7. Availability of services may vary by jurisdiction and is subject to applicable laws and regulatory approval.
  8. Nothing on this website constitutes investment, legal, tax, or financial advice. Please consult your own professional advisors before making financial decisions.