Money Transfer to India

There seem to be many options available and research that needs to be done before doing a money transfer to India. There are hidden fees and exchange rates that need to be looked at and compared. To help you with this process, here are a few of the most common ways that money is being sent abroad.

Sending Options

For those that are looking at how to do a money transfer to India, here are a few tips to help get you started.

One of the most common ways to send money abroad is through a Western Union or Money Grams. With Western Union, you have the option of sending money online, by phone, or in person. You will just need to have their IBAN and BIC codes in order to send the money. The receiver will need to head to one of the locations and pick it up with proof of identification.

A few great things about going this route is that it is one of the quickest ways to send money. It takes only a few hours but may take up to a full day. This is also a very secure way to send money. If the recipient does not have a bank account, this would be a good option.

The downfall is that they charge a separate fee to the sender and deduct the fee from the money sent to the recipient.

Another option is to do it online through Paypal or your Bank.

Paypal is a pretty secure website as well. Both parties need to have a paypal account in order for this option to work. Another option is to do it through your bank and transfer money into their bank account. This may take 2-4 working days though, also charge fees, and has a higher risk of fraud.

I would recommend looking into these different options and compare how much money in rupees the recipient will receive after applying the fees and exchange rate. Because exchange rates fluctuate so quickly, these comparisons should be done within the same time frame.

Here is also a forum from those that have sent money to India and problems they have come across as well as companies that they recommend.


Finding the best wasy to do a money transfer to India does not have to be difficult. Simply look at the exchange rates, fees different places are charging, and what the best way for your recipient to receive money is. Once the initial work is done, the next transfers will go much more smoothly and quickly.

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