Best companies for MYR/INR transfers
3 of 3 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/INR transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 64.01 1 MYR = 23.3333 INR	Recipient gets ₹189,839.50 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in India with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 64.011 MYR = 23.3333 INR ₹189,839.50You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 23.1800 INR	Recipient gets ₹190,076.00 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in India with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 23.1800 INR ₹190,076.00You payRM 8,200.00
Run a live search Showing top Malaysia to India deals for 8,200 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to INR rates.
Run a live search These companies offer multi-currency accounts for spending INR. We suggest doing a live search based on how much MYR you're planning to spend in India.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 23.1800 INR	Recipient gets ₹190,076.00 Minutes - 24 hours
4 reviews Cheapest Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in India with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 23.1800 INR ₹190,076.00You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 64.01 1 MYR = 23.3333 INR	Recipient gets ₹189,839.50 Within minutes
25 reviews FastestRecommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in India with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 64.011 MYR = 23.3333 INR ₹189,839.50You payRM 8,200.00

Wise Pay via FPX	Fee RM 64.01 1 MYR = 23.3333 INR	Recipient gets ₹189,839.50 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in India with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 64.011 MYR = 23.3333 INR ₹189,839.50You payRM 8,200.00
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.0000 INR +0.27% vs mid-market	Recipient gets ₹0.00 Minutes - 24 hours
0 reviews Personal account manager
Ways to receive money in India with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.0000 INR ₹0.00You payRM 8,200.00
How Our Results Work

Why compare

MYR/INR exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to India

Pick a company

I suggest starting with Xe which is the cheapest option for sending RM8,200.

Xe was the cheapest on 1 of the 30 days it quoted RM8,200 transfers to India.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer and fpx.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to India.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to India?

How much MYR you send to India heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Xe was the cheapest in 2% of the transfers from RM8,200 it quoted, and in 14% of all the transfers it quoted.


RM 1,000	0.06%	RM 0.00	₹23,327.00with fpx to bank deposit	+₹169.04
RM 5,000	0.05%	RM 27.50	₹115,993.51with fpx to bank deposit	+₹103.33
RM 8,200This page		RM 0.00	₹190,076.00with bank transfer to bank deposit	+₹47,637.25
RM 10,000	0.27%	RM 0.00	₹232,766.84with bank transfer to bank deposit	+₹746.34

MYR/INR Exchange Rate History

Is today a good time to send money from Malaysia to India?

The cheapest way to send MYR to INR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Xe), across 30 days of comparisons for 8,200 MYR transfers to India.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more INR per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of INR on every transfer from Malaysia.

Today's payout isn't the best this month though, since the highest receive amount was 193,713.32 INR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to India.

We've tracked 106 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

XeAppeared in 73 comparisons
Cheapest in 14% of them
WiseAppeared in 106 comparisons
Cheapest in 24% of them

Based on 106 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Xe is the cheapest and gets you the most INR, but it was the cheapest in only 14% of the 73 comparisons it appeared in over the past month.

Wise (today's second cheapest) was the cheapest in only 24% of its comparisons, so it's rarely the cheapest option for transfers to India.

If it's a one-off transfer, go with Xe, since it's the cheapest right now.

Ways to send money from Malaysia to India

There are 5 ways to send money from Malaysia to India across 3 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Xe charges MYR 0 and % markup to send MYR 8,200 and your recipient gets ₹190,076 in minutes - 24 hours.

In our comparisons over the past month, it was the cheapest online service on 22 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to India.

Xe is a good option. They charge no fees and add % markup on the MYR/INR exchange rate.

Our analysis shows Xe was the cheapest broker in 22% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in India, tuition fees, or moving savings from Malaysia to India.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from India, or travel there often.

Wise lets you hold MYR and INR in one account, and convert between them when you need.

When converting MYR to INR, 8,200 MYR will get you 189,839.5 INR (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive INR in India

With Xe, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 190,076 INR.

You can fund your transfer in MYR through bank transfer and fpx.

Paying through online banking (FPX)

Choose fpx at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to India.

The processing fee may include SST, so double check the final INR amount first.

The recipient can receive INR through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in India.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

₹190,076

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

₹189,840

-₹237

Things to check before sending MYR to India

Here are a few things to know about money transfers from Malaysia to India.

Best ways to send MYR to India

For a RM 8,200 transfer, these are the best options:

Cheapest - Xe, funded by bank transfer with bank deposit for the payout. Your recipient gets 190,076 INR, which is 0.12% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 189,839.5 INR in within minutes.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 3 of them on MYR to India, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 106 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/INR transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

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

Send money from Malaysia

Send money to India

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5470	–	₹193,085.22
Regency FX Cheapest	23.4834	RM 0.00	₹192,563.89	−₹521.33
Xe	23.4168	RM 0.00	₹192,017.76	−₹1,067.46
Wise	23.5662	RM 64.00	₹191,734.60	−₹1,350.62

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5175	–	₹192,843.55
Regency FX Cheapest	23.4540	RM 0.00	₹192,322.87	−₹520.68
Xe	23.3729	RM 0.00	₹191,657.78	−₹1,185.77
Wise	23.5154	RM 64.00	₹191,321.29	−₹1,522.26

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5400	–	₹193,027.98
Regency FX Cheapest	23.4764	RM 0.00	₹192,506.81	−₹521.17
Xe	23.3937	RM 0.00	₹191,828.34	−₹1,199.64
Wise	23.5350	RM 64.00	₹191,480.76	−₹1,547.22

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5425	–	₹193,048.28
Regency FX Cheapest	23.4789	RM 0.00	₹192,527.05	−₹521.23
Xe	23.4077	RM 0.00	₹191,943.14	−₹1,105.14
Wise	23.5431	RM 64.00	₹191,546.66	−₹1,501.62

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5370	–	₹193,003.13
Regency FX Cheapest	23.4734	RM 0.00	₹192,482.02	−₹521.11
Wise	23.5341	RM 64.00	₹191,473.44	−₹1,529.69
Xe	23.1223	RM 0.00	₹189,602.86	−₹3,400.27

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5808	–	₹193,362.96
Regency FX Cheapest	23.5172	RM 0.00	₹192,840.88	−₹522.08
Wise	23.5341	RM 64.00	₹191,473.44	−₹1,889.52
Xe	23.0835	RM 0.00	₹189,284.70	−₹4,078.26

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5528	–	₹193,133.27
Regency FX Cheapest	23.4892	RM 0.00	₹192,611.81	−₹521.46
Xe	23.4295	RM 0.00	₹192,121.90	−₹1,011.37
Wise	23.5565	RM 64.00	₹191,655.68	−₹1,477.59

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.5986	–	₹193,508.54
Regency FX Cheapest	23.5349	RM 0.00	₹192,986.07	−₹522.47
Xe	23.4683	RM 0.00	₹192,440.06	−₹1,068.48
Wise	23.5980	RM 63.99	₹191,993.56	−₹1,514.98

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.6742	–	₹194,128.65
Regency FX Cheapest	23.6103	RM 0.00	₹193,604.50	−₹524.14
Xe	23.5359	RM 0.00	₹192,994.38	−₹1,134.26
Wise	23.6687	RM 63.99	₹192,568.78	−₹1,559.86

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.6581	–	₹193,996.81
Regency FX Cheapest	23.5943	RM 0.00	₹193,473.02	−₹523.79
Xe	23.5308	RM 0.00	₹192,952.56	−₹1,044.25
Wise	23.6641	RM 63.99	₹192,531.35	−₹1,465.46

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.6334	–	₹193,793.58
Regency FX Cheapest	23.5696	RM 0.00	₹193,270.33	−₹523.25
Xe	23.4980	RM 0.00	₹192,683.60	−₹1,109.98
Wise	23.6340	RM 63.99	₹192,286.46	−₹1,507.12

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.6875	–	₹194,237.76
Regency FX Cheapest	23.6236	RM 0.00	₹193,713.32	−₹524.44
Wise	23.5736	RM 64.00	₹191,794.81	−₹2,442.95
Xe	23.1663	RM 0.00	₹189,963.66	−₹4,274.10

Sun, 11 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	23.5736	RM 64.00	₹191,794.81	–
Xe	23.2301	RM 0.00	₹190,486.82	–

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.4299	–	₹192,125.18
Regency FX Cheapest	23.3666	RM 0.00	₹191,606.44	−₹518.74
Xe	23.3098	RM 0.00	₹191,140.36	−₹984.82
Wise	23.4436	RM 64.00	₹190,737.13	−₹1,388.05

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2630	–	₹190,756.90
Regency FX Cheapest	23.2002	RM 0.00	₹190,241.86	−₹515.04
Xe	23.1545	RM 0.00	₹189,866.90	−₹890.00
Wise	23.3056	RM 64.01	₹189,614.13	−₹1,142.77

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2614	–	₹190,743.61
Regency FX Cheapest	23.1986	RM 0.00	₹190,228.60	−₹515.01
Xe	23.1565	RM 0.00	₹189,883.30	−₹860.31
Wise	23.2856	RM 64.01	₹189,451.41	−₹1,292.20

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2416	–	₹190,581.46
Regency FX Cheapest	23.1789	RM 0.00	₹190,066.89	−₹514.57
Xe	23.1104	RM 0.00	₹189,505.28	−₹1,076.18
Wise	23.2728	RM 64.01	₹189,347.27	−₹1,234.19

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2650	–	₹190,773.32
Regency FX Cheapest	23.2022	RM 0.00	₹190,258.23	−₹515.09
Xe	23.1268	RM 0.00	₹189,639.76	−₹1,133.56
Wise	23.2724	RM 64.01	₹189,344.01	−₹1,429.31

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2576	–	₹190,712.28
Regency FX Cheapest	23.1948	RM 0.00	₹190,197.36	−₹514.92
Wise	23.2673	RM 64.01	₹189,302.52	−₹1,409.76
Xe	22.8093	RM 0.00	₹187,036.26	−₹3,676.02

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2540	–	₹190,683.12
Regency FX Cheapest	23.1913	RM 0.00	₹190,168.28	−₹514.84
Xe	23.1129	RM 0.00	₹189,525.78	−₹1,157.34
Wise	23.2463	RM 64.01	₹189,131.66	−₹1,551.46

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2069	–	₹190,296.72
Regency FX Cheapest	23.1443	RM 0.00	₹189,782.92	−₹513.80
Xe	23.0580	RM 0.00	₹189,075.60	−₹1,221.12
Wise	23.2039	RM 64.02	₹188,786.47	−₹1,510.25

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.1878	–	₹190,140.12
Regency FX Cheapest	23.1252	RM 0.00	₹189,626.74	−₹513.38
Xe	23.0719	RM 0.00	₹189,189.58	−₹950.54
Wise	23.2040	RM 64.02	₹188,787.28	−₹1,352.84

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2271	–	₹190,462.45
Regency FX Cheapest	23.1644	RM 0.00	₹189,948.20	−₹514.25
Xe	23.0987	RM 0.00	₹189,409.34	−₹1,053.11
Wise	23.2337	RM 64.01	₹189,029.15	−₹1,433.30

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2475	–	₹190,629.85
Regency FX Cheapest	23.1848	RM 0.00	₹190,115.15	−₹514.70
Xe	23.1109	RM 0.00	₹189,509.38	−₹1,120.47
Wise	23.2402	RM 64.01	₹189,082.03	−₹1,547.82

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	23.2407	–	₹190,574.10
Regency FX Cheapest	23.1780	RM 0.00	₹190,059.55	−₹514.55
Wise	23.2532	RM 64.01	₹189,187.80	−₹1,386.30
Xe	22.7934	RM 0.00	₹186,905.88	−₹3,668.22

How to send money to India from Malaysia with the best MYR-INR rate

Best companies for MYR/INR transfers