How to send money to Thailand from India with the best INR-THB rate

Comparing based on your specific needs is the best way to send money from India to Thailand with confidence.

For INR/THB

• Wise is our top pick for sending Indian Rupee to Thailand. For example, sending 600,000 INR to THB will cost you ₹8952.8 in fees, and you will receive 207,051.52 THB.

• We would recommend Currencies Direct for low cost, affordable transfers from Bahts to Thailand. We found that Currencies Direct is 0.84% cheaper than the second-best option. The cost is a combination of a fee of 0 INR and an exchange rate for converting Indian Rupee to Baht that is 0.65% different to the mid-market rate.

• Fastest way to send money to Thailand from India is with Currencies Direct. For example, if you send 600,000 INR with Currencies Direct to Thailand, the transfer time is minutes - 24 hours based on our data.

Our analysis, and search results, include 2 providers that operate between India and Thailand. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in India when you need to send money to Thailand.

The exchange rate determines the price you’ll pay for Baht when you send Indian Rupee to Thailand.

The current exchange rate between the Indian Rupee and Baht is 0.3543, and it constantly fluctuates.

When calculating the cost of sending money from India to Thailand, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current INR-THB mid-market rate is 0.3543 THB per Indian Rupee. Finding a provider as close to this number as possible will ensure more Baht for your money.

• Fees: Transfer fees are charged on top of a transfer. Currencies Direct currently offers the lowest fees of 0 INR per transfer (based on ₹600,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Baht is the biggest indicator in the total cost of sending money to India from Thailand. The higher the total amount received in Thailand, the lower the cost of sending from India.

It’s possible that waiting a day or two can help you get more THB for the same amount of Indian Rupee. But, the best way to lock in a price between India and Thailand is by using a forward contract.

A bank transfer is our recommended option for money transfers between India and Thailand. Currencies Direct offers the best price on a bank transfer.

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

Bank transfers

Bank transfers are often the best payment method for money transfers from India to Thailand.

A money transfer company like Currencies Direct offer bank transfers between India and Thailand with lower fees and better exchange rates than you would get from a traditional bank.

On average, Currencies Direct is the cheapest provider for bank transfers of the 2 we tested when sending INR to Thailand.

Debit and prepaid cards

Sending money from India to Thailand with a debit or a prepaid card is very simple with .


is a leader in debit card payments for transfers from India to Thailand, competing among a total of 2 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both India and Thailand to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between India and Thailand.

Some services have minimum or maximum thresholds on how much you can transfer from India to Thailand.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of INR to Thailand. The combination of rates and fees when sending to Thailand is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving India, or entering Thailand. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Thailand. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from India to Thailand will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from India into Baht. Wise is the best company for bank transfers between India and Thailand.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Currencies Direct.

When signing up to a money transfer company to send between India and Thailand, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in India this will be a government ID like a passport or driver's license. In Thailand it will be a similar set of documents, although this should only be needed if you are opening a new account in Thailand, or collecting in cash.

Big transactions between India and Thailand, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in India.

When sending large amounts of money between India and Thailand there will be tax implications to consider.

Some transfers into Baht may need to be reported to tax authorities in Thailand, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Thailand based on age, income and a few other elements. When in doubt, please contact a tax professional in India or Thailand to discuss your personal circumstances.