At the time of writing this post, one of the best ways that we've found to transfer money is via State Bank of India in San Jose. They offer much better exchange rates than some of the other services and money transfer takes a single day. You'll need to carry a cashier's check for the amount you wish to transfer. It might be worthwhile chatting with the manager to get a better exchange rate. We had bad experience with Remit2India - they messed up account verification and couldn't help me out despite repeated requests.
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