How to send money from India to Philippines with the best INR/PHP exchange rate

The cheapest way to send money from India to the the Philippines is with Wise.

Wise adds -0.38% to the interbank rate and charges 678.77 INR for a 22,100 PHP transfer. This means you will receive 13,790.99 PHP.

In addition, we suggest using a bank transfer to deposit your funds. Based on our INR/PHP comparison, it is the cheapest payment method.

If you want to send more or less INR to Philippines, use our comparison form and update the amount field.

The fastest way to send INR to the the Philippines is with PayPal App (P2P Transfer).

Most money transfers between India and the Philippines will take minutes to arrive.

However, if you are sending a large amount of money (think 10,000+ INR), it may take slightly longer depending on your bank.

Some banks may run additional checks, so if you are expecting to send or receive large amounts of money, we suggest contacting your bank in advance.

bank transfer is the best deposit method to use when sending Indian Rupee to the Philippines.

After analyzing 5 remittance companies accepting INR/PHP, we found that it is the most cost-efficient option.

As a general rule of thumb, bank transfers are usually the cheapest, debit cards are most convenient but slightly more expensive, while credit cards are the most expensive (due to cash advance fees).

A bank account is the most popular and convenient way to receive PHP from India.

There’s nothing for your recipient to do, PHP will land directly into their account. This usually takes minutes, but can take up to 3 days depending on the amount.

Mobile wallets and multi-currency accounts are also popular and very convenient options for receiving money in the Philippines from India.

If you need money urgently, we recommend cash pickup via Western Union or MoneyGram. You will deposit INR online or in-store, and PHP will be available as cash for pickup within minutes.

Sending money to the Philippines from India is quick and easy, and usually takes less than 10 minutes from start to finish.

Follow these steps to get started:

1. Pick the company - Pick the best money transfer company for your needs (we suggest Wise as it’s the cheapest) and click Visit Now*.

2. Register and verify your account - This will require submitting your details, and you will need to provide an ID or a passport from India.

3. Start the transfer - Once all verified, start the transfer, fill in the amount, and your recipient's details. This will include personal details and Philippines bank account details (where they will receive Philippine Pesos).

4. Add payment details - Next, add your funding details. We suggest using a Bank transfer as it’s the cheapest deposit method for INR/PHP transfers.

5. Verify and hit “Send” - Once all is done, scan through the details to make sure everything is correct and click the “Send” button. Your INR will convert to PHP and land in Philippines bank account.

*We may receive a small commission when you click “Visit” links on our website. This does not influence the order of the remittance companies.

You might be thinking, Why can’t I use a bank to send INR to the the Philippines?

Well, you can, and it probably sounds very convenient, however, it is extremely expensive compared to the remittance companies we’ve listed here.

When you initiate a transfer via your bank, your INR moves from bank to bank (known as intermediaries) crossing the international borders until it reaches the Philippines.

And every bank takes a small cut of your money along the way.

By the time your INR reaches the Philippines , it would have cost you around 3-5% in exchange rate markup and around $50 in fees (plus additional withdrawal fees).

Money transfer companies, on the other hand, use local accounts. You deposit INR into a IN account and your recipient takes out PHP from a PH account.

The money never crosses the borders, meaning there are minimal fees involved.