Send money internationally to India (INR) using the mid-market exchange rate.
Check and compare the rates from the major money transfer providers.
Send money to India
What is the best Indian Rupee 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.
What are the payments methods to send money to India?
The available payment methods for your international transfer may vary. Most of the times these should be:
- Debit Card.
- Credit Card.
- Bank Transfer.
How long does it take to send money to India?
How long does an international transfer take? It mostly depends on:
- Countries you send from and to.
- Public holidays or weekends.
- Payment methods.
- Potential security checks.
How to arrange a bank transfer online?
- Log into your bank's online banking service – you may need to verify your identity for security
- Navigate to the payment option which may be under 'bank to bank transfers' or 'personal payments' for example
- Follow the prompts to enter your recipient's details including their name, the bank name and account number. You'll also usually need a routing number, SWIFT code, sort code or similar, to help guide the payment to the right account
- Add the payment amount and double check all details
- Confirm the transfer, and your money is on its way
Send money to India - FAQs
India receives more money as remittances than any other country in the world - over $79 billion in 2018. If you're sending money to friends or family in India, or if you're in India and need to set up an international payment, read on.
How to send money to India - easy steps:
You can send money to India directly to a recipient's bank account, or for cash collection. Direct bank payments arranged online tend to be the best value way of sending money to India. Here's what you need to do:
- Research banks and specialist payment providers to find the best deal
- Set up your transfer online or via an agent
- Pay and track your transfer online
What information would you need to send money to India?
If you're sending money for cash collection, you and your recipient will both need to present government issued ID. You'll also need to give your recipient a transaction confirmation number to collect the payment.
For bank transfers you'll need:
- Recipient's name and address
- Recipient's bank information including the IFSC
- Reason for the payment
What are the best ways to send money to India?
There are many banks and payment providers which can help arrange your international transfer. Using your normal bank is simple, but may not offer good value. Specialist services can often give better exchange rates, and you may also find the fees are lower. Take a look online for money transfer specialists which provide convenient international payments for a low fee.
What is the best money transfer exchange rate to India?
Pay special attention to the exchange rates offered by different providers. It's a good idea to compare the rate you're quoted to the mid-market rate which you'll find on Google. Bank and currency services get the mid-market rate when they buy currency, but often add a markup to the rate they use for customers. Find one offering the mid-market rate for the best value available.
