Lloyds Bank GBP to INR Transfers Compared

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International money transfer rates Send 10,000 GBP → Receive INR

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Our Lloyds Bank GBP 10000 to INR rate is 124.09. This is -3.6% below the mid-rate.

Lloyds Bank international payments at a glance

Lloyds UK personal customers can send international payments through Internet Banking or the mobile app.

Online and app payments in euros have no Lloyds fee; other payments cost £9.50.
Lloyds' published margin is 3.55% up to £10,000, falls with the amount sent, and reaches 1.50% from £250,000.
Online and app transfers use shared charging, so agent or recipient-bank deductions can apply.
Optional branch or phone full-amount payments outside the UK or EEA can add a £12 or £20 correspondent-bank fee.
Delivery depends on currency, destination, cut-off and receiving bank.

Compare the amount the recipient is expected to receive rather than the transfer fee alone. Lloyds says its margin information is indicative and can change.

Read the full Lloyds Bank review.

Lloyds international-payment margins and fees

Lloyds publishes a 3.55% exchange-rate margin for payments up to £10,000. The margin then falls with the payment amount: from 3.55% to 2.40% between £10,000 and £50,000, from 2.40% to 2.10% between £50,000 and £100,000, and from 2.10% to 1.50% between £100,000 and £250,000. It is 1.50% from £250,000. Lloyds says these figures are indicative and can change.

Online and app payments in euros have no Lloyds fee; other payments cost £9.50 and use shared charging. Agent or recipient-bank deductions may therefore apply. Optional branch or phone full-amount payments outside the UK or EEA can add a £12 Zone 1 or £20 Zone 2 correspondent-bank fee.

Lloyds cards abroad

Club, Silver, Gold, Platinum and Premier debit cards have no Lloyds foreign-currency or overseas-use fees. Classic and Basic debit cards normally add a 2.99% conversion fee plus fixed purchase or cash charges in applicable cases.

Travel Smart costs £7 per selected week, up to six weeks a year, and removes Lloyds debit-card fees for covered transactions. ATM operators and dynamic currency conversion can still add costs.

Standard Lloyds credit cards add a 2.95% non-sterling purchase fee. Card transactions use Visa or Mastercard rates, which are not guaranteed to equal the mid-market rate.

What is the Lloyds Bank Send Money conversion rate for GBP to INR?

The Lloyds Bank GBP to INR exchange rate is 124.09. This is -3.6% compared to the latest GBP-INR mid-market rate 128.66.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Indian rupee (INR) rates from different sources before making a conversion.

The above Lloyds Bank - Sterling to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Lloyds Bank and other foreign exchange providers against the latest GBP-INR mid-rate and the possible savings of using various providers.

How do Lloyds Bank GBP-INR rates compare between providers?

Looking at the full GBP to INR - Send Money comparison table the provider with the best GBP to INR exchange rate is Wise at 128.05, -0.47% from the latest mid-market rate 128.66.

The next best is XE at 127.89, -0.6% from the mid-rate.

Then Western Union at 126.09, which is -2% from the mid-rate.

Among the banks the Lloyds Bank rate is 124.09 at -3.6% the Royal Bank of Scotland rate is 125.22 at -2.7% and the Barclays Bank rate is 126.08 at -2% compared to the mid-rate 128.66.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Lloyds Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

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