Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 97% of India to Malaysia searches, and was the top rated company out of 2 that support INR to MYR.
So for a great mix of cost, speed & features, make your India to Malaysia transfer using Wise.
How to get the best deal on your India to Malaysia transfer
Important things to consider before sending money from India to Malaysia
Don't settle for the first option. Always compare ways to send money from India to Malaysia to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between India and Malaysia.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Malaysia.
Cheapest way to send money to Malaysia from India: Wise
Data collected over the past six months show that Wise is 0% cheaper than the second-best option.
The ₹2112.77 transfer cost represents the most common fee for INR to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Malaysia transfer, make sure you pick Wise to send your money online.
*The most common fee applied to INR-MYR by Wise, based on data from the past six months.
Fastest way to send money from India to Malaysia: Wise
Our data shows that Wise came up as the fastest way to send money from India to Malaysia in 97% of searches. This makes them well suited to urgent INR to MYR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Malaysia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Malaysia from India in 97% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send INR from India to Malaysia, it’s the provider that will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when moving money from India to Malaysia
When calculating the costs of money transfers between India and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the INR-MYR mid-market rate equals to 0.05732 MYR per Indian Rupee. Keep in mind that this rate fluctuates all the time.
The INR-MYR average exchange rate of the past three months has been 0.0563 MYR per Indian Rupee, with a high of 0.0578 and a low of 0.0552.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent INR to MYR rates that are only 0.01% away from the average.
How to find the best exchange rate for Indian Rupee to Malaysian Ringgit
Timing is essential sending money between INR and MYR. The exchange rate you secure impacts how much MYR you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to MYR has seen some fluctuation. On average, it stood at 0.0563.
During this period, the highest value recorded was 0.0578, while the lowest was 0.0552.
Wise, which is our recommended service to send money online from India to Malaysia offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best INR-Malaysian Ringgit exchange rates?
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Payment methods available to fund your India to Malaysia transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Malaysia .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.