Send Money to India with the Best GBP to INR Rates
Tired of high bank fees and poor exchange rates? We've partnered with Remitly to give you cheap, fast, and secure transfers from the UK to any bank account in India.
Special Offer with Remitly
As an IndianFlatmates user, get a special offer (like a fee-free first transfer) when you sign up using our official partner link below.
Claim Your Offer & Send Money NowThis is a referral link: IndianFlatmates may receive a reward if you sign up, at no extra cost to you.
Why Remitly is Better Than Traditional Banks
- Excellent Exchange Rates: Get competitive rates that mean more rupees arrive in India for every pound you send.
- Low, Transparent Fees: Say goodbye to hidden charges. You see the exact fee upfront.
- Incredible Speed: Transfers can arrive in minutes, especially when sending to UPI or using a debit card.
- Regulated in the UK: Remitly is authorised by the Financial Conduct Authority (FCA) and must safeguard customers' money. Note that money transfers are not covered by the FSCS in the way bank savings are.
How to Compare Money Transfer Services
- Total cost, not just the fee: providers make money from the exchange rate as well as the fee. Compare how many rupees will actually arrive for the same amount of pounds.
- The exchange rate margin: check the offered rate against the mid-market rate you see on Google or XE. The smaller the gap, the better the deal.
- Speed and payout options: transfers to a bank account or UPI ID can take minutes to a few days depending on the provider and how you pay.
- Limits and verification: larger transfers may need extra ID checks, so allow time before an important payment such as fees or rent.
- Regulation: only use providers authorised by the FCA. You can check any company on the FCA Register.
What You Need to Send Money to India
- Photo ID for your own account, such as your passport.
- The recipient's full name as it appears on their bank account.
- Their bank account number and IFSC code, or their UPI ID.
- A UK debit card or bank account to pay for the transfer.
Always double-check the account number and IFSC code before you send. A mistake can delay the transfer or send the money to the wrong account.
NRE and NRO Accounts
If you are an NRI sending money to your own account in India, it usually goes into an NRE or NRO account. An NRE account is for money earned abroad; the balance can be moved back out of India freely and its interest is tax-free in India. An NRO account is for income earned in India, such as rent or dividends. Speak to your bank or a tax adviser about which suits you.
Frequently asked questions
What details do I need to send money to India from the UK?
You need the recipient's full name, their bank account number and IFSC code or their UPI ID, plus photo ID for your own account and a UK debit card or bank account to pay.
How long does a UK to India money transfer take?
It depends on the provider, how you pay and how the money is received. Transfers to bank accounts or UPI IDs can arrive within minutes, while some take one to three working days.
How do I get the best GBP to INR rate?
Compare the total number of rupees that will arrive, not just the fee. Check the provider's rate against the mid-market rate on Google or XE and choose an FCA-authorised provider with a small margin.
Have a general question about the process? Contact us on WhatsApp.