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

The exchange rate determines the price you’ll pay for Indian Rupee when sending Philippine Peso to India.

The rate between the Philippine Peso and Indian Rupee is currently 1.5415.

The total cost of money transfers from Philippines to India is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for PHP-INR is currently 1.5415 INR per Philippine Peso. Providers offering services closer to this rate will ensure more Indian Rupee for your Philippine Pesos.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Wise, charging 81.48 PHP per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Indian Rupee. Simply, the higher the amount received in the Philippines, the lower the cost of sending from India.

Sometimes, waiting a day or two can help you get more INR for the same amount of Philippine Peso. Using a forward contract that also allows you to lock in an agreed exchange rate between the Philippines and India.

Sending money via a bank transfer is the recommended option for sending money from the Philippines to India.

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

Bank transfers

Paying via a bank transfer is often the better option for sending money from the Philippines to India.

By using a money transfer company such as Wise for transfers from the Philippines to India, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

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


Western Union Agent is a one of the better options in the market for international debit card transfers from the Philippines to India.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone (especially with high cash advance fees).

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Some services between the Philippines and India have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in India as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to India, use Wise. The combination of rates and fees when sending from the Philippines to India 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 the Philippines, or entering India. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Indian Rupee in India. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from the Philippines to India will offer every method for incoming Indian Rupee, so it’s best to check ahead of time.

One of the more common ways to transfer from the Philippines into Indian Rupee is directly into a bank account. Wise is the best company for bank transfers between Philippines and India.

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

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 Wise.

When signing up to and sending Philippine Peso to India, through a money transfer company, you will have to verify your ID.

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

For the most part however, in the Philippines this will be a government issued ID such as a passport or driver's license. In India it will be similar, although this should only be needed if you are opening a new account in India, or collecting in cash. Sending to an existing bank account in India shouldn’t require any additional ID checks.

Large transactions between Philippines and India, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to India is their easy sign up process in the Philippines.

When sending large amounts of money between Philippines and India there will potentially be a tax declaration to consider.

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

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