Select country...

Select country...

Select country...

Select country...

Send
 

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.

Here are some results suggestions that may help

There are no currency brokers for your chosen search. It could be due to currency transfer restrictions by the chosen countries or you may want to try again with a different sending amount.

You can also:

Don't miss out on our best deals


We have no money transfer brokers listed for this search. Either there are restrictions transferring money out of the country or otherwise try searching for a larger amount in the box above e.g. 1,000 or 10,000 as some providers do not offer transfers below $1,000 or £1,000.

Review our Country Guides there may be restrictions sending or receiving money to one of your countries chosen.

Check out our guidance on individual transfers or business payments to help you further.

Or head back to our homepage.

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.

How to Transfer Money from India to UK

What is in this guide

India to UK Guide

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from India to UK. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

Your Feedback

We welcome all suggestions for improvements. Send us an email at feedback@fxcompared.com.

Latest Money Transfer News for India

Notify me when rates change
Get free rate alerts
to
?

Currency Converter


GO

All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

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.