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Send money from India to Bulgaria
"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 Bulgaria, and Wise scored highly.
For example, sending 22,100 INR to BGN will cost you ₹692.7 in fees, and you will receive 406.04 BGN. The delivery time is next day, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your India to Bulgaria transfer using Wise.
Getting the best deal on your India to Bulgaria transfer
Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from India to Bulgaria.
Choose a provider
Select the provider that offers you the best value & service for transfers between India and Bulgaria.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Bulgaria.
Summary of recent searches
Considerations to make when sending money from India to Bulgaria
Compare providers
Comparing the different providers offering services between India and Bulgaria, is the best way to send money with confidence.
The 5 providers we've compared ensures you will get the best options for your transfer to Bulgaria from India. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Indian Rupee to Bulgaria.
Exchange rates between Indian Rupee-Bulgarian Lev
Choose the right payment method
Financial regulation in India and Bulgaria
Consider transfer limits
Receiving money in Bulgaria
Have your ID ready
Tax declarations
The fastest way to send money to Bulgaria 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/BGN transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to Bulgaria from India is via PayPal P2P Transfer
The coverage of INR/BGN 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 Bulgaria from India.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Bulgarian Levs to Bulgarian Lev.
As such, we recommend Currencies Direct for large Bulgaria transfers.
Understanding the cost of moving money from India to Bulgaria
The total cost of sending money to Bulgaria from India, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for INR-BGN is 0.0189 BGN per Indian Rupee.
Finding a company offering an exchange rate closer to this will mean more Bulgarian Lev for your Indian Rupee.
The average INR-BGN mid-market rate for the last 7 days has been 0.019 BGN per Indian Rupee. This includes a high of 0.0191, and low of 0.0189.
Out of the 5 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting INR to BGN should be the biggest determining cost factor when transferring Indian Rupee to Bulgaria.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Ria Money Transfer has a fee of 4 INR per transfer (which is the cheapest option right now for a ₹22,100 transfer).
Although you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Bulgarian Lev eventually received in Bulgaria.
A lower cost of sending from India will result in more money received in Bulgaria.
Tracking the exchange rate for Indian Rupee to Bulgarian Lev
Getting a better exchange rate between INR and BGN can make a huge difference to the overall cost of sending money.
Over the last 7 days, between India and Bulgaria, the average numbers are:
INR to BGN saw an average 0.019 BGN mid-market rate.
The highest point was 0.0191 BGN, while the lowest was 0.0189 BGN.
5 providers are currently offering transfers between India and Bulgaria.
Want to secure the best INR-Bulgarian Lev 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 Bulgaria!
India to Bulgaria money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from India to Bulgaria.
A money transfer company like Ria Money Transfer offer bank transfers between India and Bulgaria with lower fees and better exchange rates than you would get from a traditional bank.
On average, Ria Money Transfer is the cheapest provider for bank transfers of the 5 we tested when sending INR to Bulgaria.
Ria Money Transfer has a fee of 4 INR for money transfersfrom India to Bulgaria. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Bulgaria with a debit or a prepaid card is very simple with Western Union Agent.
Western Union Agent is a leader in debit card payments for transfers from India to Bulgaria, competing among a total of 5 active money transfer companies on this route.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
Fee alert: using a credit card to transfer money can result in a fee being charged by your card issuer as it is considered as a cash advance. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Bulgaria 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 Bulgaria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to BGN.
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
