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 any bank account in India, including NRE and NRO accounts.
What information do I need about my recipient?
You’ll need the following information about your recipient:
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
How much can I send?
You can send up to 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, you can send up to 650,000 INR per transfer. For other purposes, you can send up to 325,000 INR per transfer.
Because of the Finance Act of 2020, you can only transfer up to 700,000 INR per year (1st April–31st March the next 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. 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 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 — but the recipient's address can't be in India.
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?
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 time frame has passed before getting in touch about a refund — we’re not able to speed up the process.