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Send money from India to Bermuda
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best way to send: Wise
We tested & reviewed 5 money transfer companies offering services between India and Bermuda, and Wise scored highly.
Sending 22,100 INR to Bermudian Dollar will cost you ₹799.17 in fees, and you will receive 237.62 BMD. The delivery time is within a week.
So for a great mix of cost, speed & features, make your India to Bermuda transfer using Wise.
How to get the best deal on sending money from India to Bermuda
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Bermuda.
Choose a provider
Select the provider that offers you the best value on buying BMD & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
What to consider ahead of money transfers from India to Bermuda
Compare providers
Comparing based on your specific needs is the best way to send money from India to Bermuda with confidence.
Our analysis, and search results, include 5 providers that operate between India and Bermuda. 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 Bermuda.
Understand the Indian Rupee-Bermudian Dollar exchange rate
Choose the right payment method
Use providers regulated in India and Bermuda
Consider transfer limits
Receiving money in Bermuda
Have your ID ready
Don't forget about taxes
The fastest way to send money to Bermuda from India is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many INR/BMD transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to Bermuda from India is via PayPal P2P Transfer
The coverage of INR/BMD transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a INR transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Send large sums of money abroad with Currencies Direct
From the 5 options we compared, Currencies Direct offers the strongest all-round option for large transfers to Bermuda from India.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Bermudian Dollars to Bermudian Dollar.
As such, we recommend Currencies Direct for large Bermuda transfers.
Understanding the cost of transferring money to Bermuda from India
Fees and exchange rates make up the total cost of sending money from Bermuda to Bermuda. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-BMD mid-market rate is 0.0112 BMD per Indian Rupee. You will get more Bermudian Dollar for your Indian Rupees if you find a provider close to this number.
For context, over the last 7 days the INR-BMD mid-market rate has had a high of 0.0113, a low of 0.0112 and averaged 0.0113 BMD per Indian Rupee.
Across the 5 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to BMD will be the biggest determining factor when working out the cost of transferring Indian Rupees to Bermuda.
Fees: Transfer fees are charged as part of the transfer. Ria Money Transfer charges the lowest fee of 4 INR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Bermudian Dollar eventually received in Bermuda. You can assume that a lower cost of sending from India will result in more money received in Bermuda.
Getting the best exchange rate for Indian Rupee to Bermudian Dollar
Tracking the mid-market rate can make a huge difference when sending money INR to BMD. The exchange rate you secure impacts how much BMD you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from INR to BMD has seen some fluctuation. On average, it has been 0.0113.
During this period, the highest value level was 0.0113, with a low of 0.0112.
Wise, which is our recommended service to send money online from India to Bermuda offers an exchange rate that is only -0.39% above the mid-market rate.
Want to secure the best INR-Bermudian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from India to Bermuda!
Payment methods available to fund your India to Bermuda transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to Bermuda.
Sending money via a bank transfer with a company such as Ria Money Transfer for transfers from India to Bermuda allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Ria Money Transfer is the best provider for bank transfers of the 5 we tested when sending INR to Bermuda.
With a fee of INR4 to send money from India to Bermuda, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Bermuda with a prepaid or a debit card is very simple with Western Union Agent.
Western Union Agent is a leader in card payments for transfers from India to Bermuda, competing among a total of 5 active money transfer companies on this route.
Credit cards
When it comes to international credit card transfers from India to Bermuda, we recommend comparing your options to get the best deal.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Bermuda and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Bermuda.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to BMD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Money transfer company reviews
