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GBP/INR - Convert Compare Save

British Pound Sterling to Indian Rupee exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to Indian Rupee exchange rate, has news, forecasts and GBP to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/INR Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee GBPTotal CostDeal Links
OFX logo
419,200 INR
Best Overall
83.84£0^2.49%
HSBC logo
410,384 INR
8,816 INR
82.2£7.54.54%
Natwest Bank logo
408,122 INR
11,078 INR
81.87155.06%
Citibank International Money Transfers
Citibank logo
406,273 INR
12,927 INR
81.45125.49%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
406,198 INR
13,002 INR
81.48155.51%
Santander International Money Transfers
Santander logo
403,928 INR
15,272 INR
81.11206.04%
Lloyds TSB logo
402,284 INR
16,916 INR
80.78206.42%
 
OFX: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:83.84 (2.49% from mid-rate)
INR amount:419,200 INR
Total Cost:2.49%
Time:
Rate Fetched: Mon Jul 22 2019 18:10:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:82.2 (4.39% from mid-rate)
INR amount:410,384 INR
Total Cost:4.54%
Difference:
8,816 INR less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:81.87 (4.78% from mid-rate)
INR amount:408,122 INR
Total Cost:5.06%
Difference:
11,078 INR less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:81.45 (5.27% from mid-rate)
INR amount:406,273 INR
Total Cost:5.49%
Difference:
12,927 INR less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:80.86 (5.95% from mid-rate)
INR amount:406,198 INR
Total Cost:5.51%
Difference:
13,002 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:81.11 (5.66% from mid-rate)
INR amount:403,928 INR
Total Cost:6.04%
Difference:
15,272 INR less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→INR
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:80.78 (6.05% from mid-rate)
INR amount:402,284 INR
Total Cost:6.42%
Difference:
16,916 INR less than using OFX
Time:20:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount INR(₹)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
82,390 INR
Best Overall
82.3904.17%
Citibank Foreign Currency
Citibank logo
80,903 INR
1,487 INR
81.72£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
80,193 INR
2,197 INR
81.11£106.73%
Lloyds TSB logo
80,091 INR
2,299 INR
80.9£106.85%
Santander Foreign Currency
Santander logo
80,091 INR
2,299 INR
80.9£106.85%
Natwest Bank logo
79,687 INR
2,703 INR
80.9£157.32%
Post Office Money: Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:0
Exchange Rate:82.39 (4.17% from mid-rate)
INR amount:82,390 INR
Total Cost:4.17%
Time:20:20 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:81.72 (4.95% from mid-rate)
INR amount:80,903 INR
Total Cost:5.9%
Time:20:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:80.9 (5.91% from mid-rate)
INR amount:80,193 INR
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:80.9 (5.91% from mid-rate)
INR amount:80,091 INR
Total Cost:6.85%
Time:20:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:80.9 (5.91% from mid-rate)
INR amount:80,091 INR
Total Cost:6.85%
Time:20:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→INR
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:80.9 (5.91% from mid-rate)
INR amount:79,687 INR
Total Cost:7.32%
Time:20:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/22/2019 - See full table

GBP to INR interbank exchange rate = 85.9773

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/INR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP and INR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs INR, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

Why can't I just get the GBP/INR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / INR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates