It was a great experience with remit2india. Though, the initial registration of bank took almost 9 working days. After which my first transaction of $1011 was done quickly by them.
My source bank was Bank of America and receiving was ICICI Bank.
I sent it on Monday (3rd December 07, EST 4:00 am), the amount got deducted from bank on Wednesday (5th December 07, 9:30 am EST when I checked my account) and my Indian account ICICI, statuses as "money transferred" on the site on Thursday (6th December 07) was credited on Friday(7th December 07, 6:15 am EST when I checked my account).
Really quick, and the exchange rate that was given was more than 39.19 (as depicted on site on Thursday (6th December 07). For $1011, I received an amount of Rs. 39, 628.00 INR, which is approximately 39.1968... Good.
I am satisfied and looking for a second transaction with them.
Much appreciated!