What’s in this India Money Transfer guide?
We save you time and money when transferring money to India by comparing providers to help you get the Best Service, Rates and Fees.
What’s in this India Money Transfer guide?
We make it easy to save money by making these fees and exchange rates easier to see and compare.
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Sending money to India can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfer to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to an Indian bank account or pay a rupee invoice.
When choosing a provider to send money to India finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer servce, mobile apps and extra fees.
You can read more about Currency Transfer and Travel Tips for India in our India FX guide.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Indian rupee current value is to look the INR performance against a range of other currencies over various time periods.
The following table looks at the performance of the INR exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.