Wise (formerly Transferwise)
Indian residents can now send money from India to 40+ countries — including Australia, Canada, Singapore, US, UK, UAE.
You can send INR from our Android or iOS app, or on the web. And you’ll get the real exchange rate, and even lower and transparent fees.
It’s expensive to send money from India internationally with banks, Western Unions and other service providers. Because they give you a poor exchange rate with expensive transaction fees. Now, you can send money from India for up to 3.9x cheaper with Wise, compared to leading banks.
Cheaper online transfers
Indians around the world are already using Wise to send money, including paying for education abroad. Because it’s:
- Cheap — up to 3.9x cheaper than leading banks in India and 3x cheaper than PayPal
- Easy — sign up and send money online within minutes, no need to visit branches
- Global — send to 40+ countries around the world
- Transparent — get the real exchange rate, like the one you see on Google
How to get started
Sign up online and complete your first transfer in six easy steps:
- Set up your transfer
- Tell us who you’re sending money to
- Verify your identity
- Choose how to pay
- Pay from your bank account
- Confirm the payment
- And that’s it!
Who can I send INR to?
You can send INR to someone's bank account in India, including NRE and NRO accounts, or UPI ID.
What information do I need about my recipient?
To send to a bank account:
their full name — first name and surname, Latin characters (a-z) only
their account number — 5–20 digits
their IFSC — 11 characters, both letters and numbers. It usually starts with 4 letters
purpose of the payment — you can choose from a list. Make sure you choose correctly, otherwise you might be asked for more information about your transfer and it may take longer
To send to a UPI ID:
full name — in English characters
a UPI ID — typically the bank name or initials are part of the web address in the email. Like, yourname@bankname
How much can I send?
The minimum you can send is 5,000 INR per transfer.
For educational purposes, you can send up to 650,000 INR per transfer. For other purposes, you can send up to 325,000 INR per transfer.
You can transfer up to 700,000 INR per tax year. The tax year starts from 1st April and ends 31st March the following year.
Where can I send from?
You can only send INR from personal bank accounts within India through payment networks such as IMPS, NEFT or RTGS.
How long does it usually take for the money to arrive?
It usually takes 2 working days for your money to get to us, depending on how you pay for your transfer — but transfers via IMPS or UPI can be faster. Then, we convert it and send it out. Conversion can take up to 2 working days.
Check the guide for the currency you’re sending to for an estimate on how long it will take to arrive in your recipient’s account after we send it out.
Are there any restrictions on sending from INR?
You can't send INR from a business bank account.
You can't send INR from NRE accounts.
Is there any other information I need to know?
You can only send from INR if you are an Indian tax resident, and the address on your Wise account is in India.
You can send from INR to AED, AUD, BDT, BGN, CAD, CHF, CLP, CZK, DKK, EUR, GBP, GEL, HRK, HUF, IDR, MYR, NOK, NZD, PHP, PLN, RON, SEK, SGD, TRY, USD. Additionally, the recipient’s address must be in one of the following countries: Australia, Austria, Bangladesh, Belgium, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Indonesia, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, UAE, United Kingdom, USA.
All payments are subject to a series of compliance checks following regulations by the Reserve Bank of India. We’ll take care of submitting the necessary information and documentation required for reporting your payment from India.
I’ve cancelled my payment, how long will my refund take?
They will let you know when we’ve refunded your money. The time it takes for you to get your refund depends on how you paid:
- Bank transfers take 2 working days
We might need more information before sending your refund. We’ll send you an email if we do.
Make sure to wait until the above time frame has passed before getting in touch about a refund — we’re not able to speed up the process.
Are there any restrictions on sending to INR?
Because of how we’re regulated, you can’t make transfers to India for investment or charitable donation. This applies to all recipients in India, whether or not they are charities.
We also can’t accept payments from non-profit, NGO, charity or welfare organisations to India — whether business-related or not.
Over 10 million people use Wise and most of them hear about us from people like you. Every friend that you invite to Wise will get a discount on their first transfer. We’ll reward you for inviting them too.
In India, you’ll get 1,001 INR, once three invited friends make a qualifying payment of at least 10,000 INR each. Your friend gets a free first transfer up to 25,000 INR. Start inviting your friends now.
Wise has the approval from the Reserve Bank of India to offer the service in India with a local bank partner.