How to send money to India from Sweden with the best SEK-INR rate

A comparison of providers offering services between Sweden and India is the easiest way to ensure the best deal.

For SEK/INR

• Wise scored the highest of the 9 money transfer companies supporting SEK to INR transfers. For example, sending 80,000 SEK to INR will cost you kr461.36 in fees, and you will receive 796,460.17 INR. The delivery time usually is within a week, but it depends on the day you make the transfer.

• Cheapest way to send money from Sweden to India is with Profee. This includes the fee of 0 SEK and a SEK-INR exchange rate for international transfers that is -0.01% different to the mid-market rate.

• Fastest way to transfer money to India from Sweden is via Revolut. For example, if you send 80,000 SEK with Revolut to India, the transfer time is within minutes

We've compared 9 providers that offer services for sending Swedish Krona to India.

This ensures you will get the best options for your transfer to India from Sweden.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Sweden to India.

An exchange rate determines the price you will pay when buying Indian Rupee. A better exchange rate means more money reaching the recipient in India.

The current rate between the Swedish Krona and Indian Rupee is 10.0425.

The total cost of money transfers to India from Sweden, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.

• The Mid-Market and Exchange Rates: The current mid-market for SEK-INR is 10.0425 INR per Swedish Krona.

• Fees: Some money transfers between Sweden and India will be subject to fees. Profee has a fee of 0 SEK based on a 80,000 SEK transfer. Although you should search for your send amount for actual fees as your scenario may be different.

• Amount Received: Money transfer companies will show you the amount of Indian Rupee eventually received in India.

Waiting a day or two can help you get more INR for the same amount of Swedish Kronas.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Sweden and India.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Sweden to India.

Here are the best options:

Bank transfers

A bank transfer is often the default option for money transfers from Sweden to India.

By using a money transfer company such as Regency FX to send money from Sweden to India, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Sweden to India with a prepaid or debit card is very easy with Wise.


Wise is a great choice for sending money with a debit card from Sweden to India. This is from the 9 money transfer companies compared.

Credit cards

When it comes to credit card transfers from Sweden to India, we recommend comparing your options to get the best deal.

Regulations are important for keeping your money safe, Sweden and India have different regulations to consider.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Sweden and India.

Companies offering money transfers between Sweden and India have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare SEK-INR rates for your specific transfer amount.

For regular transfers from Sweden to India, shopping around each time can make a huge difference.

We’ve recommended Wise for sending SEK to India, because of their combination of rates and fees when sending from Sweden to India that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering India from Sweden.

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

All providers work differently and not all offering transfers from Sweden to India support every method for receiving Indian Rupee so it’s best to check ahead of time.

Sending directly to a bank account in India is one of the most common ways to receive money from Sweden. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Sweden and India.

Cash pickup is popular in India, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Revolut, and are recommended for domestic payments only.

When sending Indian Rupee to India, you will need to verify your ID with your chosen money transfer company.

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

For the most part, accepted IDs in Sweden include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in India, the options are similar.

Large transactions between Sweden and India can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

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

When sending money between Sweden and India there will be tax declarations to consider.

Some transfers into Indian Rupee may need to be reported to tax authorities in India and Sweden, depending on size and 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 - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Sweden or India to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.