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Ways to send money from South Africa to India
The best rated provider for transfers from South Africa to India | TorFx |
Total number of ZAR - INR providers | 6 |
Average cheapest provider for transfers to India from South Africa | Currencyflow |
Average cost of the cheapest transfer from South Africa to India | R0 |
Best for bank transfers from South Africa to India | TorFx |
Best for debit card transfers from South Africa to India | |
Best for credit card transfers from South Africa to India |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from South Africa to India
Wise is the best way to send money to India from South Africa. This is based on cost, speed, and how easy it is to use.
We analyzed 6 providers that allow ZAR to INR transfers. Wise emerged as the best option in 100% of searches.
How to send money from South Africa to India
Follow these steps to send money between South Africa and India
Choose your provider. Register with the provider of your choice by clicking on the link above.
Enter your details. Enter your details and provide any of the documents needed.
Start your transfer. Tell your provider that you'd like to send money from South Africa to India, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.
Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from South Africa to India once it's been sent. Make sure all the details are correct before you submit.
Send the money. When you've checked the details, you can make the transfer.
The cheapest way to send money from South Africa to India
The cheapest way to send money from South Africa to India is Currencyflow. On average, transfers from South Africa to India with Currencyflow cost R0, making them 0.01 cheaper than their nearest competitor.
Currencyflow has been the cheapest way to send money from South Africa to India for the last three months, on average.
Just to make you aware, bank transfer was the cheapest payment method.
The current mid-market rate between ZAR and INR is 5.1655. The rate the time you transfer will impact your overall cost. As an example, Currencyflow has averaged -0.06% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.
Note: The cheapest way to send money isn't always the fastest
Currencyflow is the cheapest way to send money from South Africa to India, but make sure the timeframes work for you.
How the cost of sending money to India from South Africa is calculated
The cost of sending money from South Africa to South Africa depends on several things, including:
The mid-market rate
The current mid-market rate between ZAR and INR is 5.1655. The rate the time you transfer will impact your overall cost. As an example, Currencyflow has averaged -0.06% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between India and India. This is why Regency FX is listed as our cheapest option - they offer the best combination of Rand to Indian Rupee rates (0.26) and fees (0).
Bank transfers from South Africa to India
Bank transfers are the most common way of sending ZAR to India as they are secure, reliable, and convenient.
If you want to send Rands to India via bank transfer, TorFx has been the top rated provider in our comparison system for the last three months, recommended 100% of the time.
That’s because companies like TorFx bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, TorFx's transaction fees for Rands into India have averaged at 0 for the last three months. This is significantly lower than the fees charged by banks.
Finding the best exchange rate for ZAR to INR
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many INRs you can get for your ZARs. The average Rand to Indian Rupee mid-market rate over the last month was 5.1768, with a low of 5.1546 and a high of 5.2071.
For comparison, the best exchange rate for ZAR to INR right now is through Currencyflow, at a difference of 0.26%.
How we find the best transfer deals from South Africa to India
We’ve compared the cost, speed, and product offering of the top money transfer services (including TorFx) available between India and South Africa. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Rand to India, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
Check your provider is regulated
You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.
Remember: We will only ever recommend regulated financial institutions.
