Send money internationally to India (INR) using the mid-market exchange rate. Check and compare the rates from the major financial providers.
Send money to India
What is the best INR exchange rate today?
How much does it cost to send money to India?
- International money transfers shouldn’t be expensive.
- Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
Sending money to India
Whether you are an Indian expatriate living abroad or you live in India, in both cases money transfer topics occur on a daily basis for you. You must know that numerous solutions exist if you wish to send money to India.
Meanwhile, it is very complicated to find the best solution matching your requirements. Here are a few steps to follow which will help you brighten the horizon.
Before sending money to India
Before transferring your money to India, you must keep 2 key points in mind.
First, all the different money transfer solutions do not apply the same exchange rate. Indeed, they add what is called “hidden fees” on top of the market’s current exchange rate. They tell you that your transfer is free but actually you pay extra fees for which you are not aware of.
Banks and services such as western Union and Money Gram are known to be the actors which charge the highest amount of hidden fees, therefore having a not so interesting exchange rate in the end...
Secondly, if many different solutions enabling you to send money in India exist it is due to the fact each service doesn’t offer the same options. The final choice for your money transfer depends on 3 parameters: delay of the transfer, method used and the ease of service used.
In order to save you time and money, it is important for you to clearly picture your needs before transferring your money towards India.
Compare to send money to India
When you wish to to send money to India, it's important to assess the providers on these 3 criteria:
- Ease of use of the service
- Speed of transfer
- Price of the service, including exchange rate
It is highly recommended to systematically do this comparison each time you wish to send money to India.
Indeed, the fact that the best way to send money to India today won't necessarily remain the best solution tomorrow. As you know, exchange rates change several times per day and therefore the final cost of each solution can be different according to the moment at which you wish to send your money.