The best way to send money from the UK to India

Emma Potter

 · 08/05/2021  · 08/05/2021

The Indian diaspora is one of the most vibrant communities in the world. There are over 16 million Indian expats worldwide, with over 1 million Britons being of Indian descent. Indians are the largest foreign-born population in the UK. (source).

What’s the best way to send money to India?

When sending money to India, traditional banks can be expensive and slow, with high fees and transfers taking at least several days. Instead, an online money transfer provider can let you send money fast and at a low cost.

That’s where we come in! With Revolut you can send money abroad fast and at a great exchange rate. We’re committed to providing our customers with the best rates when it comes to currency exchange.

How much does it cost to send money to India?

We charge a fixed percentage fee of 0.3%, pegged to a minimum of £0.30 and a maximum of £5. You’ll also get the interbank exchange rate for your transaction if it’s made within your fair usage cap for Standard and Plus customers, and during a weekday (mark-ups apply on weekends).

How does Revolut compare against other service providers?

The table below shows how much the transaction will cost with different providers.

            Revolut                       😁                        £3            
Wise 😑 £4.77
Barclays 😭 £27.93
Monese 🤬 £29.40

This comparison shows the cost of a weekday transfer for a standard Revolut user who has not exceeded their fair usage cap, as at the time of the sample. Other banks in the chain may charge fees on top of Revolut. For live rates and fees, please check our website. T&Cs apply.

Before you confirm the transfer, Revolut will tell you:

  • The amount your recipient gets
  • The exchange rate for this particular transaction
  • The amount exchanged in GBP
  • The fees charged
  • The total amount you pay
  • The estimated time it will take your money to reach the recipient

How long does a transfer to India usually take?

In most cases, transfers to India from the UK arrive between 1 to 3 working days.

Great! How can I send money to India with Revolut?

If you're already a Revolut customer, you can send money to an Indian bank account by adding it as a beneficiary in your Revolut app. Not a customer yet? Download the Revolut app, set up a free account, top it up via bank transfer and you're ready to start sending money home.