Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 65.5% of India to Nigeria searches, and was the top rated company out of 3 that support INR to NGN.
So for a great mix of cost, speed & features, make your India to Nigeria transfer using Instarem.
How to get the best deal on your India to Nigeria transfer
Important things to consider before sending money from India to Nigeria
Don't settle for the first option. Always compare ways to send money from India to Nigeria to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between India and Nigeria.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from India: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The ₹677.45 transfer cost represents the most common fee for INR to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Nigeria transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to INR-NGN by Instarem, based on data from the past six months.
Fastest way to send money from India to Nigeria: Instarem
Our data shows that Instarem came up as the fastest way to send money from India to Nigeria in 55.2% of searches. This makes them well suited to urgent INR to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Instarem is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from India in 55.2% 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 Instarem.
While Instarem may not always be the cheapest or fastest way to send INR from India to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from India to Nigeria
When calculating the costs of money transfers between India and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the INR-NGN mid-market rate equals to 16.666223 NGN per Indian Rupee.
The INR-NGN average exchange rate for the past three months has been 14.3187 NGN per Indian Rupee, with a high of 19.6714 and a low of 9.47.
When looking to send money, we'd recommend Instarem. On average Instarem is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from INR to NGN.
How to find the best exchange rate for Indian Rupee to Naira
Timing is essential for sending money between INR and NGN. The exchange rate you secure impacts how much NGN you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to NGN has seen some fluctuation. On average, it stood at 14.3187.
During this period, the highest value recorded was 19.6714, while the lowest was 9.47.
Instarem, which is our recommended service to send money online from India to Nigeria offers an exchange rate that is only 0% above the mid-market rate.
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Payment methods available to fund your India to Nigeria transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria 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 Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.