We only list companies that are trustworthy and appropriately licensed. Our aim is to give you a comprehensive view of the regulated money transfer marketplace.
|Disclosure
MoneyTransfers aims to help users find the best money transfer provider for their needs. To support our free service, we may earn a commission from some of the providers listed in our search results. The commission may also impact the ordering of the providers shown. Our reviews are independent from this and are based on our editorial policy, research and testing of dozens of remittance providers on the market.
Table of Contents
Wise suits a bank payment you can fund through UPI, while Instarem handles education paperwork through remote verification.
I suggest considering ICICI iMobile or HDFC RemitNow when you already bank there and want the transfer beside your everyday banking.
Niyo and BookMyForex add travel-money features, but the permitted purpose and final rupee debit should decide which app you choose.
Search Now & Save On Your Transfer
Instantly view live exchange rates, fees & features.
Remittance without opening a Niyo bank account: Niyo.
If you already have HSBC: HSBC Global Money Transfer.
Money2World inside your banking: ICICI iMobile.
Bank payments with a full-value option: HDFC RemitNow.
Find the best rate for transfers from India
Enter your destination and amount to compare current INR transfer costs.
The best apps for sending rupees overseas
I'd say choose around the payment you need to make, rather than assume a familiar domestic UPI app can send to any foreign bank.
UPI-funded overseas bank payments
9.2
Wise
Fees
0.1% - 2.6%
Exchange Rate Markup
0%
Transfer Speed
Minutes - 24 hours
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Remote education-payment paperwork
8.0
Instarem
Fees
$0 - $2
Exchange Rate Markup
0.3% - 1.9%
Transfer Speed
Minutes - 24 hours
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
Transfer orders beside your travel forex card
?
BookMyForex
Fees
Exchange Rate Markup
Transfer Speed
Bank remittances without opening a Niyo account
?
Niyo
Fees
Exchange Rate Markup
Transfer Speed
Global Money Transfer from your HSBC account
5.9
HSBC
Fees
From $/£10
Exchange Rate Markup
3 - 5%
Transfer Speed
1 - 4 days
Money2World inside iMobile
?
ICICI Bank
Fees
Exchange Rate Markup
Transfer Speed
RemitNow from your HDFC banking app
?
HDFC Bank
Fees
Exchange Rate Markup
Transfer Speed
Wise
Wise lets you fund an overseas bank payment through UPI
Available on
iOS and Android
App store rating
4.6/5 (8.1k+ ratings)
Google play rating
4.7/5 (2m+ reviews)
Wise combines recipient setup and transfer tracking with UPI funding, so you can pay from the Indian account you already use.
The service is for Indian tax residents living in India, with identity, PAN and video verification before outward sending.
Your own personal bank account must match your registered name, and bank funding also supports IMPS, NEFT and RTGS.
I think it is worth considering for a supported education, medical or travel-related bank payment when avoiding another bank beneficiary setup helps.
It sends to foreign bank accounts, with a USD60,000 per-transfer limit inside the wider annual LRS allowance.
Its travel card adds overseas spending, but personal foreign receiving details are unavailable in India.
You need a foreign currency account or travel card
Keep overseas bank beneficiaries and transfer records
Your payment purpose is not accepted
Use an Indian authorised-dealer remittance route
You need recipient cash collection
BookMyForex
BookMyForex brings document upload and rate reservation together
Available on
iOS and Android
App store rating
4.4/5 (5.2k+ ratings)
Google play rating
4.4/5 (11k+ reviews)
BookMyForex lets you create the overseas bank order, upload purpose documents and complete digital KYC from your phone.
You enter the foreign account and PAN details, then fund through UPI or netbanking and follow the transfer's progress.
I suggest considering it when you want help with the remittance documents alongside travel-card booking or reloading in the same app.
The transfer is executed by the selected RBI-authorised bank or dealer, so that partner's purpose and settlement rules apply.
Its Book Now option reserves a rate for up to three working days against a refundable 2% booking deposit.
That can help while arranging the paperwork, but the reservation requires money before the full transfer is funded.
The regular bank fee is ₹320 plus GST, with estimated nostro charges of ₹1,000–₹1,500 depending on the currency and partner.
Promotional fee waivers do not remove foreign-exchange taxes or every receiving-bank deduction, and the accepted quote controls the actual cost.
Phone or chat assistance is available when a document or recipient detail needs clarification before processing.
BookMyForex is worth it
Find an alternative
Upload documents and arrange partner-bank execution
The booking deposit ties up money you need
Reserve a rate with the required booking deposit
Partner-bank charges erase the quote advantage
Manage separate travel-card orders in the same app
You need an ordinary foreign-income receiving account
Niyo
Niyo sends money abroad without making you open its travel account
Available on
iOS and Android
App store rating
4.7/5 (40k+ ratings)
Google play rating
4.7/5 (54k+ reviews)
Niyo lets you arrange a remittance from another Indian bank account, without first ordering its travel card or opening a Niyo bank account.
You add the recipient and purpose documents, then pay through UPI or internet banking from your own account.
I like that separation for a tuition or family-maintenance payment when you want the remittance service without another banking relationship.
The app also tracks your remaining LRS availability, helping you keep the annual allowance beside your transfer planning.
Outward execution is through Kanji Forex, an RBI Authorised Dealer Category II, with the accepted purpose determining the required documents.
Its travel-card and spending functions are separate products, rather than proof that the transfer gives you foreign receiving details.
Niyo does not add a platform or service fee to the remittance, but the conversion rate includes a forex markup.
GST, applicable TCS and bank deductions can still affect the payment, so zero platform fees do not mean free conversion.
Transfers usually take two to three business days after the necessary checks, making this a planned bank payment rather than instant foreign delivery.
Niyo is worth it
Find an alternative
Send from another Indian bank without a Niyo card
You need an unsupported payment purpose
Keep education documents and LRS availability together
The quote delivers less than another app
Use UPI or internet banking for funding
You need an immediately available cash payout
HSBC
HSBC keeps international payees inside your mobile banking
Available on
iOS and Android
App store rating
4.7/5 (35k+ ratings)
Google play rating
4.5/5 (66k+ reviews)
HSBC Global Money Transfers is an app-only service, so you arrange the bank payment through HSBC India rather than its website transfer screen.
If you already have HSBC, you can select your funding account, add the overseas payee and enter the payment purpose in the app.
I think it is worth considering for repeat bank recipients or university payments when keeping the order beside your existing account saves another signup.
Global Education Payments lets you choose or manually add the institution and supply student information and the relevant loan documents.
An international payee cannot currently be edited, so changed bank details require deleting the saved entry and adding it again.
Resident sending has a USD25,000 transaction and daily ceiling, which can split a larger invoice across dates.
Most Global Money Transfers have no HSBC transfer fee, while taxes and receiving or intermediary bank charges can still apply.
The bank's exchange-rate spread is higher when currency markets are closed, so the day and time can change the conversion cost.
There is no separate paid sending plan, although the HSBC account's own eligibility and banking charges remain separate.
HSBC is worth it
Find an alternative
Use the HSBC account you already have
You need a payment above the daily ceiling
Save university or other international bank payees
An out-of-market quote costs too much
Complete sending inside the mobile banking service
You want to send without opening an HSBC account
ICICI Bank
ICICI brings Money2World into iMobile
Available on
iOS and Android
App store rating
4.8/5 (1m+ ratings)
Google play rating
4.6/5 (6.6m+ reviews)
If you have an ICICI Savings or Salary account, iMobile can open Money2World under Transfer Overseas for your bank-funded remittance.
You choose the destination and currency, add the receiver and purpose, and complete the source-of-funds declarations before authorising the payment.
The flow uses an OTP and debit-card grid values, so having the right authorisation details ready avoids interrupting the order.
I suggest considering it when you already keep your banking in iMobile and want beneficiary records and payment status beside that account.
The service supports 21 currencies, with selected full-value routes in USD, AUD and GBP helping reduce deductions from an exact payment.
That option does not mean every currency or overseas bank transfer has the same receiving-charge protection.
The quote includes processing charges, currency conversion and relevant taxes, with correspondent costs considered for the chosen route.
The ordinary iMobile bank account is not the separate GIFT City foreign-currency account, so do not treat its overseas-transfer screen as foreign receiving details.
There is no separate Money2World subscription, but your underlying account and the purpose of the payment still determine access.
ICICI Bank is worth it
Find an alternative
Send from the ICICI account you already use
You do not have the required savings or salary account
Keep beneficiary setup and status in the bank flow
The bank quote gives a weaker recipient amount
Use a supported full-value currency route
Your payment needs assisted purpose review
HDFC Bank
HDFC RemitNow adds a full-value option to bank-app sending
Available on
iOS and Android
App store rating
4.8/5 (467k+ ratings)
Google play rating
4.6/5 (1.3m+ reviews)
HDFC RemitNow lets you add an International Payee in the current HDFC Bank App, then choose the purpose and authorise the overseas payment.
Adding that beneficiary requires an OTP and a 30-minute cooling period, so a new payee needs preparation before an urgent payment.
I think it is worth considering for a planned bank invoice when you already have HDFC and want the selected full-value option for USD, EUR or GBP.
The service accepts resident-individual payments across 19 currencies and 16 purposes, including education, family maintenance and permitted investment payments.
Sending starts at USD100 equivalent, with a USD50,000 transaction and daily limit inside the separate annual LRS allowance.
The commission is ₹500 plus GST up to USD500 equivalent, or ₹1,000 plus GST above that amount.
The Full Value option has an additional charge, so it is separate from the basic ₹500 or ₹1,000 commission.
Foreign-exchange GST and applicable TCS add to the rupee debit, while correspondent costs depend on the selected charge option.
Conversion uses the bank's selling rate when your account is debited, so the earlier displayed rate is not a guaranteed settlement rate.
Requests before the business-day cut-off can be processed that day, but processing is separate from the overseas bank making funds available.
HDFC Bank is worth it
Find an alternative
Arrange an invoice from your HDFC account
Your payment is below the minimum amount
Choose a supported full-value payment option
You need to send above the daily ceiling
Use the bank route for a permitted investment purpose
The debit-time exchange rate does not suit you
Cheapest apps for sending from India
Wise and Instarem appear in our live INR results, while Niyo, BookMyForex and the banks need their own current quotes for a full decision.
I'd say compare the final recipient amount and total rupee payment, including the purpose-specific taxes, rather than choose the smallest sending fee.
A tuition invoice, family-maintenance payment and overseas investment can need different accepted purposes, even when the destination bank is identical.
The annual LRS allowance is USD250,000 across your permitted remittances, rather than a fresh allowance every time you change apps.
A bank's daily limit or an app's purpose restrictions can be lower, so the actual payment needs to fit both.
Prepare the beneficiary details and purpose evidence before funding, especially when a university deadline leaves little time for another document request.
NRI repatriation and business payments have different rules from the resident-personal transfers covered here.
Keep tax collection separate from the transfer fee
For resident LRS remittances, TCS generally starts above ₹10 lakh of aggregate sending in the financial year.
Education and medical remittances attract 2% on the excess, while other purposes attract 20%, with the qualifying education-loan exemption separate.
TCS is collected tax that can be credited through the tax process, rather than revenue earned by the app.
GST and bank charges are separate, so your available rupee balance needs to cover more than the foreign invoice alone.
I'd say check the total debit before confirming a payment, especially after earlier transfers have used the annual tax threshold.
How to send money abroad through an app
Choose the accepted purpose
Select the actual purpose and foreign recipient, then prepare the invoice or other supporting evidence the app needs.
Complete your identity and bank checks
Use your own matching bank account and finish the required identity or video verification before funding the transfer.
Review the full rupee payment
Check the conversion, transfer charges, taxes and recipient amount, then choose the funding method available for your order.
Save the payment reference
Keep the confirmation and transfer reference, and use the app status or support route if the recipient needs a trace.
Use the comparison form for your destination and amount, then choose an app that accepts your payment purpose and funding account.
Compare transfers from India
Enter your destination and amount to compare available INR transfer fees, exchange rates and recipient amounts.
Our methodology & why trust us
I selected actual India outbound apps around recipient setup, document handling and bank funding, rather than rank services that only send money into India.
Our research checked current local app listings, authorised execution routes, mobile functions, funding rules and live INR results.
I assessed the accepted purpose and payment workflow alongside conversion costs, bank charges and the features that support repeat transfers.
We may earn commission from some companies, but commercial agreements do not determine my selection or opinions.
Our review process explains how we assess transfer companies and their services.
Please share your experience with …