Send Money to India
at the Best Rates
Compare 50+ verified providers for GBP, AUD, USD, CAD → INR transfers. See real exchange rates, real fees — and keep more of every pound, dollar and dollar you earn.
India's Remittance Corridor
is the World's Largest
India is the world's top remittance recipient, receiving over $125 billion USD annually from its global diaspora. With over 32 million Non-Resident Indians (NRIs) spread across the UK, USA, Australia, UAE and Canada, the demand for competitive money transfers to India is enormous — and so is the opportunity to save.
Choose Your Sending Country
Select the corridor that matches where you're sending from and instantly compare the best providers for that specific route to India.
Send Money to India in 4 Easy Steps
Flexible Payment Methods
Most providers accept a variety of payment methods. The best option depends on your bank, transfer size, and how quickly you need the money to arrive.
Receiving Options in India
India's financial infrastructure supports a wide range of receiving methods — from traditional bank transfers to mobile wallets and cash pickup across the country.
Tips to Save More on India Transfers
Small choices in how, when, and how much you transfer can add up to hundreds saved each year. Here's what experienced senders know.
Transfer Limits &
Regulations to Know
Money transfers to India are well-regulated on both ends. Understanding the key rules helps you plan transfers smoothly and avoid unnecessary delays.
- India's Liberalised Remittance Scheme (LRS) allows up to USD 250,000 per year per person from India, for outward remittances. Inward remittances (receiving money in India) have no annual cap.
- NRIs can receive funds in NRE (freely repatriable), NRO (rupee, limited repatriation), or FCNR accounts — each with different tax implications.
- Transfers above your provider's threshold (typically £10,000 or equivalent) will require enhanced identity verification under anti-money laundering (AML) rules.
- From the UK, transfers above £10,000 to any single recipient in a calendar year may need to be reported. Consult HMRC guidance for your specific circumstances.
- India's FEMA (Foreign Exchange Management Act) governs all inbound foreign exchange. Transfers for legitimate personal purposes (family support, education, property) are fully permitted.
Frequently Asked Questions
Everything you need to know about sending money to India.
The best way depends on your sending country and amount. Specialist transfer services like Wise, Remitly, and XE typically offer far better rates than banks — often 3–5% better. Use RemitSelect to compare all options instantly and find the best rate for your specific corridor and amount.
Most digital transfers to India arrive within 1–3 business days. Services like Wise, Remitly, and Instarem often complete transfers same-day or next-day for popular corridors like GBP→INR or USD→INR. Some services offer instant transfers for an additional fee.
India imposes no annual cap on inward remittances. Individual provider limits vary — typically £10,000 to £1,000,000 per transfer. Amounts above your provider's standard limit require enhanced verification documents. India's LRS scheme limits outward remittances from India to USD 250,000/year for residents.
In India, money received from abroad is generally not taxable as income — it's treated as a gift or family support. However, tax obligations in your sending country (UK, US, Australia etc.) may vary for large amounts. For significant transfers, consulting a tax advisor is recommended.
You'll need: the recipient's full legal name, their bank account number (usually 11–16 digits), the 11-character IFSC code of their branch, the bank name, and their branch address. For larger amounts, the recipient's PAN card number may also be required.
All major Indian banks accept international remittances — including SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Punjab National Bank, and Bank of Baroda. Smaller co-operative banks may have limitations; check with the recipient's branch if unsure.