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Top 1 Money Transfer Providers for India to UK

Provider Amount Received Fee Exchange Rate Speed
InstaReM InstaReM GBP £113.31 $0.00 0.0113 1-2 days more...
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INDIA
There are few restrictions on transferring money to India but the Reserve Bank of India (RBI) has begun enforcing an existing Foreign Exchange Management Act (FEMA) article that prohibits rupees from being taken out of India Read More
UK
There are no exchange controls in the UK for the pound sterling (GBP), and transferring money to the UK and sending money from the UK is very easy Read More
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RESTRICTIONS ON SENDING MONEY FROM INDIA

Currently, it is prohibited to transfer rupees out of India as enforced by the Reserve Bank of India unless certain criteria are met. This applies to all funds related to foreign direct investment, portfolios or any other type of capital gains. See in our guide.

Top 1 Money Transfer Providers

Latest prices for transferring money from India to UK
Exchange Rates as of 2019-06-26T06:49:58+00:00
Special offer

InstaReM

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Est. 2014

Use code FXINSTA10 and get a Bonus of the equivalent to $10 on your first transaction

Headquartered in Singapore, InstaReM offers overseas money transfer service maintaining transparency in transactions by displaying an accurate break-out of transactions.

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Headquartered in Singapore, InstaReM offers overseas money transfer service maintaining transparency in transactions by displaying an accurate break-out of transactions.

Amount Received
GBP £113.31
INR 1,708.70
saved vs. banks

Restrictions on sending money from India

Currently, it is prohibited to transfer rupees out of India as enforced by the Reserve Bank of India. This applies to all funds related to foreign direct investment, portfolios or any other type of capital gains. However, income and profits acquired in such areas can be wired using an authorized money transfer service or via an Indian bank. Based on the Liberalised Remittance Scheme which came into effect on June 1, 2015, Indian residents who have been living in India for at least 180 days during the financial year are permitted to remit a maximum of US$ 250,000 each year out of India. This limit also applies to minors. However, resident minors must have the LR Scheme form signed by a natural guardian.

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How to Transfer Money from India to UK

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.