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Send money from Turkey to India
"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."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Our recommendation: Wise
We tested & reviewed 2 money transfer providers offering money transfers from Turkey to India, and Wise scored highly.
Sending 10,500 TRY to INR will cost you ₺202.77 in fees, and you will receive 21,559.93 INR. The delivery time usually is within minutes, but it depends on the day you make the transfer.
For a great mix of cost, speed & features, we recommend making your Turkey to India transfer using Wise.
How to compare deals on Turkey to India money transfers
Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Turkey to India.
Choose a provider
Select the provider that gives you the best value & service for your needs.
Click, sign up & send
Follow the steps & start your transfer from Turkey. Your funds will be converted to Indian Rupee and transferred to India.
Summary of recent searches
Considerations to make sending money from Turkey to India easy
Compare providers
Comparing the different providers offering services between Turkey and India, is the best way to send money with confidence.
The 2 providers we've compared ensures you will get the best options for your transfer to India from Turkey. 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 Turkish Lira to India.
Exchange rates between Turkish Lira-Indian Rupee
Choose the right payment method
Financial regulation in Turkey and India
Consider transfer limits
Receiving money in India
Have your ID ready
Tax declarations
The cheapest way to send money to India from Turkey is to send cash via MoneyGram Agent.
Generally speaking, sending cash is more expensive than using the online transfer, however, after looking at 100s of money transfer companies, there aren’t many options servicing TRY/INR.
The main cost is made up of the fee (around 3 TRY) and the exchange rate markup added on top.
However, this heavily depends on which branch you use, and how much TRY you are sending.
The fastest way to send money to India from Turkey is to use cash transfer via MoneyGram Agent
In most cases cash transfers with MoneyGram are instant, and your recipient will be able to collect INR in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing TRY/INR, cash transfer with MoneyGram is the fastest way.
Transfer a large sum of money
From 2 money transfer companies compared, Wise is the best option for large transfers from Turkey to India.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Turkey to India can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to India from Turkey because they offer a strong service and competitive exchange rates.
Understanding the costs involved when moving money from Turkey to India
The total cost of sending money to India from Turkey is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for TRY-INR is 2.0916 INR per Turkish Lira.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Indian Rupee for your Turkish Liras.
The TRY-INR mid-market rate over the last 7 days has seen the Turkish Lira worth an average 2.0981 INR. Within this there has been a high of 2.1031, and a low of 2.0934.
From 2 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting TRY to INR.
Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 2 providers tested, costing justs 202.77 TRY per transfer.
Amount Received: When comparing providers, the best measure is the amount of Indian Rupee eventually received in India.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in India, means a better overall cost of sending money from Turkey.
How to get the best exchange rate for Turkish Lira to Indian Rupee
Getting the best exchange rate essential for sending money between TRY and INR. The exchange rate you secure impacts how much INR you get for your TRY.
Here is how the currency has performed recently.
Over the past 7 days, the mid-market from TRY to INR has been 2.0981.
During this period, the highest value was 2.1031, while the lowest was 2.0934.
Wise, which is our recommended choice to send money online from Turkey to India offers an exchange rate that is only 0% above the mid-market rate.
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Funding your Turkey to India transfer
Bank transfers
The default option for sending money from Turkey to India is often a bank transfer.
Using a money transfer company such as Wise for transfers from Turkey to India, allows for sending via a bank transfer while benefiting from lower fees and more favorable exchange rates.
From the 2 we tested, the cheapest provider for bank transfers from TRY to India is Wise.
With the fee of TRY202.77 to send money from Turkey to India, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from Turkey to India with a prepaid or debit card is easy with MoneyGram Agent.
MoneyGram Agent is a leader in accepting card payments for transfers between Turkey and India.
Credit cards
We recommend using a bank transfer or a debit card deposit instead of a credit card, as many companies do not allow direct deposits with a credit card and are usually more expensive.
If you absolutely need to deposit with a credit card, we recommend running a quick comparison search to find the company that fits your needs.
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 India and Turkey.
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 Turkey to India.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send TRY to INR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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