How to send money to Philippines from India with the best INR-PHP rate

The exchange rate determines how many INR the recipient will get in Philippines when you send money from India.

Today, the average exchange rate between Indian Rupee and Philippine Peso is 0.6487.

When calculating the costs of money transfers between India and Philippines, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the INR-PHP mid-market rate equals 0.6487 PHP per Indian Rupee.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Ria Money Transfer, cahrging 4 INR per transfer. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in Philippine Peso is the biggest indicator the total cost of sending money from India to the Philippines. Essentially, the more the recipient receives in the Philippines, the less it is costing to send from India.

The INR-PHP exchange rate you receive is often the bigger factor than how much it costs to send Indian Rupees to the Philippines.

Sometimes, waiting a day or two can help you get more PHP for the same amount of Indian Rupees.

When sending money from India to Philippines, the best way to save on fees is to use a bank transfer with Ria Money Transfer.

Here are all the ways to send money from India to Philippines:

Bank transfers

Bank transfers are often the default option for sending money from India to Philippines.

By using a money transfer company such as Ria Money Transfer for transfers from India to Philippines, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from India to Philippines with a debit or a prepaid card is very simple with Western Union Agent.


Western Union Agent is a leader in debit card payments for transfers from India to Philippines, competing among a total of 5 active money transfer companies on this route.

Credit cards

You can deposit INR with a credit card when sending PHP to Philippines, but in most cases, this means taking a cash advance, resulting in higher fees.

Making sure your funds are safe when transferring from India to Philippines is really important.

Always choose providers that are regulated by financial authorities.

If you don’t know what the key regulatory bodies for money transfers are between India and Philippines, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

For example, we suggest using Wise if you need to send large amounts of INR to Philippines.

There are different ways to receive money in Philippines. You can do a direct bank deposit, cash pickup, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank transfers between India and Philippines.

And if you need cash right away, check if cash pickup is an option for transfers between India and Philippines.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but most are made for domestic transfers and have higher costs compared to money transfer providers like Ria Money Transfer.

When you're sending or receiving money between India and Philippines, you have to be ready to show some ID.

The exact documents you need might vary. Usually, you will have to show a government ID like a passport or driver's license.

If you're making a big transaction between India and Philippines, a provider may ask you for proof of address or may want to know where your money comes from.

That’s why we suggest Wise in this case.

They know how to handle large INR-PHP transfers and will help you get things done fast.

There might be tax implications to consider when sending money from India to Philippines.

Some INR-PHP transfers may need to be reported to tax authorities, especially for larger amounts.

When in doubt, please contact a tax professional in India or Philippines.