How to send money to Norway from India with the best INR-NOK rate

We’ve analysed and compared 3 ways to send money from India to Norway.

Regency FX with bank transfer deposit and bank deposit payout is the cheapest way to send money from India to Norway. Sending 600,000 INR will get you 58,816.57 NOK in Norway.

Best companies for INR/NOK transfers

3 of 3 providers

Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze INR/NOK exchange rates from our comparisons.

Based on 600,000 INR transfer

Best companies for INR/NOK transfers

All money transfer offers for INR/NOK transfers, sorted by most NOK received. The first two offers may be sponsored promotions. Some offers here pay us a commission.
Sort Cheapest
Promoted
Wise

Wise

Pay via Bank transfer
Fee ₹7,074.42 1 INR = 0.0983 NOK +0.02% vs mid-market Recipient gets kr 58,269.52 Within a week
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Norway with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:Bank Transfer
₹7,074.421 INR = 0.0983 NOK
kr 58,269.52You pay₹6,00,000.00
Promoted
Regency FX

Regency FX

Pay via Bank transfer
Fee ₹0.00 1 INR = 0.0980 NOK +0.27% vs mid-market Recipient gets kr 58,816.57 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Norway with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 INR = 0.0980 NOK
kr 58,816.57You pay₹6,00,000.00

Run a live search

Showing top India to Norway deals for 600,000 INR. Do a live search with your exact amount for today's best rates.
Exclusive: First Transfer Deal
Regency FX

Regency FX

Pay via Bank transfer
Fee ₹0.00 1 INR = 0.0980 NOK +0.27% vs mid-market Recipient gets kr 58,816.57 Minutes - 24 hours
CheapestUsing Bank transfer with Regency FX is the cheapest way to send money to Norway from India.
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Norway with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 INR = 0.0980 NOK
kr 58,816.57You pay₹6,00,000.00
Currencies Direct

Currencies Direct

Pay via Bank transfer
Fee ₹0.00 1 INR = 0.0977 NOK +0.61% vs mid-market Recipient gets kr 58,620.00 Minutes - 24 hours
FastestCurrencies Direct with Bank transfer deposit is the fastest way to send INR to Norway.
Personal account managerMulti-currency cardReceive to bank account

Ways to receive money in Norway with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 INR = 0.0977 NOK
kr 58,620.00You pay₹6,00,000.00
Wise

Wise

Pay via Bank transfer
Fee ₹7,074.42 1 INR = 0.0983 NOK +0.02% vs mid-market Recipient gets kr 58,269.52 Within a week
RecommendedBased on our editorial reviews, Wise is our recommended way to send money from India to Norway.
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Norway with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:Bank Transfer
₹7,074.421 INR = 0.0983 NOK
kr 58,269.52You pay₹6,00,000.00
How Our Results Work
Mid-market rate: 1 INR = 0.098293 NOK Updates every 60 minutes.

How to send money from India to Norway

Pick a company

For a one-off transfer to Norway, I suggest picking the cheapest option which is Regency FX.

On a 600,000 INR transfer, Regency FX delivers the most NOK.

The best option will change depending on how much you actually send, so I suggest to get the best INR/NOK rate.

Fund your transfer

You can fund your transfer via bank transfer.

Most people pay with UPI straight from their banking app, and it reaches the money transfer company account in seconds.

For a large amount (10+ lakhs), ask for RTGS instead, it clears quicker than the everyday rails.

Verify and send

You'll need your PAN and a signed Form A2 before the money can leave the country.

Start a first transfer a few days early.

Ways to send money from India to Norway

You have 3 options to send money to Norway from India.

Easiest way to send INR

Online transfers

Online services and apps are simple and cheap for INR to Norway transfers.

It works well for tuition deposits, living costs, and other ongoing payments to Norway.

Wise charges 7074.42 INR in fees to send ₹600,000, which will get your recipient around 58,269.52 NOK.

Spending and receiving

Multi-currency accounts

With Currencies Direct you can hold INR and NOK in one account and swap between them when you need.

And you get NOK and INR banking details to receive payments.

Useful if you’re studying in Norway, travelling there often, or getting paid in NOK.

Making business payments

Global accounts

Business payments supported by an invoice do not use the owner’s personal LRS allowance.

Wise Business, Instarem Business, and Payoneer can manage freelancer payments, batch payments to Norway, invoices, and more.

Ways to fund INR and receive NOK in Norway

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending ₹600,000 gives your recipient 58,816.57 NOK.

UPI can fund the INR side when the company supports it, but the outward remittance still leaves India through an RBI-authorised bank.

From India, you can fund your transfer to Norway using bank transfer.

Fund the outward remittance through your bank

Fund the transfer by bank transfer from your Indian account.

You will normally need your PAN, Form A2 and documents showing the purpose of the transfer.

In Norway, your recipient can receive NOK by bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay ₹600,000.00

    kr58,817

    Cheapest

Consider this before sending INR to Norway

Outward transfers from India sit under the Liberalised Remittance Scheme. The purpose decides the documents and how much TCS is collected upfront.

Compare INR/NOK transfer options

For an INR 600,000 transfer to Norway, the current options are:

  1. The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 58,816.57 NOK, which is 0.33% more than the next best option.

  2. The fastest option is Regency FX, funded by bank transfer with bank deposit in Norway. Your recipient gets 58,816.57 NOK in minutes - 24 hours.

The LRS limit covers all your outward transfers

A resident individual can remit up to USD 250,000 in one financial year under the Liberalised Remittance Scheme for permitted current and capital-account transactions.

The limit is per person and covers your combined LRS use, including gifts, maintenance, study, travel and overseas investment.

It is not a separate allowance for every bank or transfer company.

The authorised money transfer company will normally ask for your PAN, Form A2 and a purpose code.

The RBI LRS direction explains the yearly limit and permitted use.

TCS can lock up cash until your tax return

TCS is collected on qualifying LRS remittances above the annual threshold.

From April 2026, education and medical remittances are generally collected at 2% above ₹10 lakh, while many other purposes carry 20% above the threshold.

Education funded by a qualifying loan does not attract TCS.

TCS is a tax credit rather than an extra transfer fee. You can claim it against your final tax bill, but the money remains unavailable until it is adjusted or refunded.

Add up your LRS payments across banks before sending. The bank or transfer company will need your earlier use to apply the threshold correctly.

UPI only funds the rupee side

UPI can be used to deposit money to a money transfer company, but it can’t send NOK to Norway.

Instead, a money transfer company will switch to a local network of bank account or local rails to move INR to NOK.

All outward remittance still passes through an RBI-authorised dealer.

Live INR-NOK Exchange Rate

Finding the best INR to NOK exchange rate

The rate decides how much NOK arrives for your INR. Recent movement gives you a useful range to compare against today's quote.

Mid-market rate:1 INR = 0.098409 NOK

How we analyse the market

Money only leaves India through an RBI-authorised dealer, so that's the first filter on this table.

We track 3 of them on INR to Norway, comparing rates, fees and the ways you can pay in, refreshed in real time on live comparisons.

Each one also goes through our review, and hand-collected pricing is marked as such.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.