INR Transfers (Indian rupee)

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Written by Currencies
Updated 5 months ago

Who can I send INR to?
What details do I need for the recipient?
How long will it take for my INR to arrive?
Do you limit the amount of INR I can send?
How can I pay for my INR transfer?


Who can I send INR to?

You can send INR to any bank account in India.


What details do I need for the recipient?

You’ll need their:

  • Name (as it appears on their account)
  • Account number
  • IFSC code (11 characters)
  • SWIFT/BIC code (8-11 digits)

What is an IFSC code?
What is a SWIFT code?


How long will it take for my INR to arrive?

We can transfer your INR the same working day (by NEFT payment) if we receive your payment by 12:30 pm.

(Occasionally we might need you to supply additional documents, which can affect the transfer time. But we’ll keep you informed every step of the way.)

What does NEFT mean?


Do you limit the amount of INR I can send?

No. Some FX companies limit the amount of INR you can send or receive.
We give you the freedom to send as many Indian rupees as you like.


How can I pay for my INR transfer?

You can pay by bank transfer.


In case you were wondering...

What is an IFSC code?
IFSC is short for Indian Financial System Code. It’s an 11-digit character that you can find on bank material like cheques.

IFSC example
AAAABCCCCCC

[4-character Bank Brand]
[0 (zero) reserved for future use]
[6-character Bank Branch Code]

What is a SWIFT code?
The SWIFT international payment network is used to send and receive electronic payments (also known as wire payments). It sends payment orders between banks using SWIFT codes, so banks can transfer money quickly, reliably, and securely.

SWIFT code format: AAAA | BB | 11 | 222

AAAA – represents the bank (for example, Barclays is BUKB)

BB – represents the country where the bank is located.

11 – designates location of banks main office.

222 – code for the bank branch.

What does NEFT mean?
NEFT stands for National Electronic Funds Transfer.
It’s an electronic funds transfer system set up and managed by the Reserve Bank of India. NEFT allows the online transfer of funds from one NEFT-enabled bank account to another.

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