Here you’ll find answers to the most common questions about Indian rupee (INR) transfers.
Sending to INR
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 Latin characters
a UPI ID — typically the bank name or initials are part of the web address in the email. Example: yourname@bankname
How much can I send?
You can send up to the equivalent of 1 million GBP per transfer to a private individual.
You can send up to 1.5 million INR per working day to businesses. It's best to wait until the day after your transfer has completed to set up another one.
How long does it usually take for the money to arrive?
Once Wise receives and converts your money, it usually takes 1 working day to arrive in your recipient’s bank account. Conversion can take up to 2 working days.
We’ll always give you an estimate for how long your transfer will take when you set it up.
Learn more about how long transfers take
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.
Is there any other information I need to know?
You may need a Foreign Inward Remittance Certificate (FIRC) for transfers to India.
Learn more about FIRCs, and how to get one
When you send a transfer to India, we’ll send you an email with a unique transaction reference (UTR) number. You can use this to track your transfer.
Sending from INR
How can I pay for my transfer from INR?
How much can I send?
The minimum you can send is 5,000 INR per transfer.
For educational purposes only, you can send up to 750,000 INR per transfer. For all other purposes, you can send up to 375,000 INR per transfer.
You can transfer up to 250,000 USD, approximately 19,000,000 INR per financial year.
The financial year starts from 1 April and ends 31 March the following year.
If you send over 700,000 INR in a financial year, we'll charge a 5% fee on the amount over the limit to cover the cost for Tax Collected at Source (TCS).
If you send less than 700,000 INR in a financial year, you won't be charged extra for TCS.
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're an Indian tax resident.
You have been verified with Indian ID.
Your address on your Wise account is in India.
You have added an Indian phone number on your Wise account.
You can send from INR to AED, AUD, BDT, BGN, CAD, CHF, CLP, CZK, DKK, EUR, GBP, GEL, HUF, IDR, MYR, NOK, NZD, PHP, PLN, RON, SEK, SGD, TRY, and local 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, the United Kingdom, and the United States.
All payments are subject to compliance checks following regulations by the Reserve Bank of India. We’ll take care of submitting the needed information and documents for reporting your payment from India.
I’ve cancelled my payment, how long will my refund take?
We’ll 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 timeframe has passed before getting in touch about a refund — we can't speed up the process.