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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 92.4% of India to Sri Lanka searches, and was the top rated company out of 4 that support INR to LKR.
So for a great mix of cost, speed & features, make your India to Sri Lanka transfer using Wise.
How to get the best deal on your India to Sri Lanka transfer
Summary of recent searches
Important things to consider before sending money from India to Sri Lanka
Don't settle for the first option. Always compare ways to send money from India to Sri Lanka to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between India and Sri Lanka.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Sri Lanka.
Cheapest way to send money to Sri Lanka from India: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
The ₹586.44 transfer cost represents the most common fee for INR to LKR international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Sri Lanka transfer, make sure you pick Wise to send your money online.
*The most common fee applied to INR-LKR by Wise, based on data from the past six months.
Fastest way to send money from India to Sri Lanka: Wise
Our data shows that Wise came up as the fastest way to send money from India to Sri Lanka in 92.9% of searches. This makes them well suited to urgent INR to LKR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Sri Lanka - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Sri Lanka from India in 92.9% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send INR from India to Sri Lanka, it’s the provider that will keep you safe and relaxed while your money moves into LKR.
Understanding the costs involved when moving money from India to Sri Lanka
When calculating the costs of money transfers between India and Sri Lanka, here's what really matters:
The Mid-Market Rate: Today, the INR-LKR mid-market rate equals to 3.546013 LKR per Indian Rupee.
The INR-LKR average exchange rate for the past three months has been 3.8892 LKR per Indian Rupee, with a high of 3.9671 and a low of 3.5985.
When looking to send money, we'd recommend Wise. On average Wise is 0.1% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from INR to LKR.
How to find the best exchange rate for Indian Rupee to Sri Lank Rupee
Timing is essential for sending money between INR and LKR. The exchange rate you secure impacts how much LKR you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to LKR has seen some fluctuation. On average, it stood at 3.8892.
During this period, the highest value recorded was 3.9671, while the lowest was 3.5985.
Wise, which is our recommended service to send money online from India to Sri Lanka offers an exchange rate that is only 0.1% above the mid-market rate.
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Payment methods available to fund your India to Sri Lanka transfer
Bank transfers
Bank transfers are often the default option for sending money from India to Sri Lanka.
By using a money transfer company such as Wise for transfers from India to Sri Lanka, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 4 we tested when sending INR to Sri Lanka.
With an average fee of INR485.05 to send money from India to Sri Lanka, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Sri Lanka with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from India to Sri Lanka, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from India to Sri Lanka, Instarem emerges as our top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Sri Lanka and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Sri Lanka.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to LKR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
