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Send money from India to Malaysia
While you can’t send INR to MYR with Wise, you can transfer USD to USD.
"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."
How to send money from India to Malaysia
Sending money from India to Malaysia doesn’t have a huge amount of options. Because of this, we suggest sending money via:
Wise (USD/USD or EUR/EUR transfers)
How to get the best deal on sending money from India to Malaysia
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Malaysia.
- Choose a provider
Select the provider that offers you the best value on buying MYR & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Sending money from India to Malaysia: key insights and tips
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.
Your analysis should include all the 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 from India to Malaysia
Without any money transfer providers serving the India to Malaysia route, the cheapest money transfer options are limited.
We would recommend using:
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 0.0481. Keep in mind that this rate fluctuates all the time.
The INR-MYR average exchange rate of the past week has been 0.0482, with a highest of 0.0484 and a lowest of 0.048.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your INR to MYR transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Getting the best exchange rate for Indian Rupee to Malaysian Ringgit
Tracking the mid-market rate can make a huge difference when sending money INR to MYR. The exchange rate you secure impacts how much MYR you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from INR to MYR has seen some fluctuation. On average, it has been 0.0482.
During this period, the highest value level was 0.0484, with a low of 0.048.
, which is our recommended service to send money online from India to Malaysia offers an exchange rate that is only % above the mid-market rate.
Want to secure the best INR-Malaysian Ringgit exchange rates?
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What payment methods are available when sending money from India to Malaysia?
Sending bank transfers from India to Malaysia
Bank transfers are the most common way of sending INR to Malaysia as they are secure, reliable, and convenient.
If you want to send Indian Rupees to Malaysia via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from India to Malaysia by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Indian Rupees to Malaysia with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from India to Malaysia by payment apps
If you’d like to send money from India to Malaysia via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from India to Malaysia.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Malaysia in Malaysian Ringgit at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from India to Malaysia after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the INR to MYR exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of INR to MYR is 0.0481
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, 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 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 and review methodology.
Money transfer company reviews
