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Companies for transfers from India to China
"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."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Overall top choice: Wise
Of the 8 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 67.3% of searches for transfers between India and China.
When sending money from India to China, using Wise in a great option.
How to get the best deal on your India to China transfer
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from India to China.
- Choose a provider
Select the provider that offers you the best value & service for transfers between India and China.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to China.
Summary of recent searches
Considerations ahead of sending money from India to China
A comparison of providers offering services between India and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 8 providers that provide services for sending Indian Rupee to China. This ensures you will get the best options for your transfer to China from India.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from India to China.
Cheapest way to transfer money from India to China: Ria Money Transfer
Our data shows Ria Money Transfer is 0% cheaper than the second-best option. The company offers an average fee of 4* INR and an average exchange rate between INR and CNY that is 2.8% different to the mid-market rate.
For a cheap way to send INR to China, Ria Money Transfer is a great all round choice.
*The most common fee applied to INR-CNY by Ria Money Transfer, based on data from the past six months.
Fastest way to transfer money to China from India: Ria Money Transfer.
Ria Money Transfer was the quickest way to send Indian Rupee to Yuan Renminbi in 57.7% of searches. For fast transfers between INR and CNY, Ria Money Transfer comes highly recommended.
When using Ria Money Transfer to send money from India to China you can expect an average fee of 4 INR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 8 money transfer providers. To test overall speed of sending money from India to China we included the timeframe for depositing Indian Rupee to a money transfer account and average transfer times to China.
When sending money to China from India quickly is a priority, Ria Money Transfer is our recommended choice.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 8 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Yuan Renminbi to Yuan Renminbi.
As such, opt for Wise for sending large sums of money to China from India.
Understanding the cost of sending money to China from India
The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from INR-CNY is 0.0857 CNY per Indian Rupee.
Finding a provider offering an exchange as close to 0.0857 as possible will ensure more Yuan Renminbi received when transferring.
For context, the INR-CNY mid-market rate for the past three months has averaged 0.0857 CNY per Indian Rupee. This includes a high of 0.0871, and low of 0.0838.
Wise currently offers the best exchange rate on transfers from India to China.
For the most part the INR-CNY exchange rate you receive is the biggest factor impacting the cost of sending INR to China.
Fees: Outside of exchange rates, you may need to pay a fee to send. Ria Money Transfer currently offers the lowest fees on transfers to China from India, averaging 4 INR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Indian Rupees to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for Indian Rupee to Yuan Renminbi
Timing is essential for sending money between INR and CNY. The exchange rate you secure impacts how much CNY you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to CNY has seen some fluctuation. On average, it stood at 0.0857.
During this period, the highest value recorded was 0.0871, while the lowest was 0.0838.
Wise, which is our recommended service to send money online from India to China offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best INR-Yuan Renminbi 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 China!
Payment methods available to fund your India to China transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to China.
Sending money via a bank transfer with a company such as Ria Money Transfer for transfers from India to China 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 8 we tested when sending INR to China.
With an average fee of INR4 to send money from India to China, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to China with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from India to China, competing among a total of 8 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from India to China, emerges as our top choice of the 8 companies offering this service.
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 China 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 China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
