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Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 61.5% of India to Russia searches, and was the top rated company out of 3 that support INR to RUB.
So for a great mix of cost, speed & features, make your India to Russia transfer using Instarem.
How to get the best deal on your India to Russia transfer
Summary of recent searches
Important things to consider before sending money from India to Russia
Don't settle for the first option. Always compare ways to send money from India to Russia to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between India and Russia.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Russia.
Cheapest way to send money to Russia from India: Instarem
Data collected over the past six months show that Instarem is 0% cheaper than the second-best option.
The ₹7286.8 transfer cost represents the most common fee for INR to RUB international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Russia transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to INR-RUB by Instarem, based on data from the past six months.
Fastest way to send money from India to Russia: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from India to Russia in 48% of searches. This makes them well suited to urgent INR to RUB money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Russia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, CurrencyFair is your best choice at the moment. This service emerged as the quickest way to send money to Russia from India in 48% 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 Russia, it’s the provider that will keep you safe and relaxed while your money moves into RUB.
Understanding the costs involved when moving money from India to Russia
When calculating the costs of money transfers between India and Russia, here's what really matters:
The Mid-Market Rate: Today, the INR-RUB mid-market rate equals to 1.129022 RUB per Indian Rupee. Keep in mind that this rate fluctuates all the time.
The INR-RUB average exchange rate of the past three months has been 1.0897 RUB per Indian Rupee, with a high of 1.2081 and a low of 1.0563.
Fees and Markups: That's where Instarem shines, combining the best of both worlds: excellent INR to RUB rates that are only -0.01% away from the average.
How to find the best exchange rate for Indian Rupee to Russian Ruble
Timing is essential sending money between INR and RUB. The exchange rate you secure impacts how much RUB you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to RUB has seen some fluctuation. On average, it stood at 1.0897.
During this period, the highest value recorded was 1.2081, while the lowest was 1.0563.
Instarem, which is our recommended service to send money online from India to Russia offers an exchange rate that is only 0.02% above the mid-market rate.
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Payment methods available to fund your India to Russia transfer
Bank transfers
Bank transfers are often the default option for sending money from India to Russia.
By using a money transfer company such as Instarem for transfers from India to Russia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 3 we tested when sending INR to Russia.
With an average fee of INR1600 to send money from India to Russia, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Russia with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from India to Russia, competing among a total of 3 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from India to Russia, Instarem emerges as our top choice of the 3 companies offering this service.
Our comparison engine's last six months of data on INR to RUB searches show Instarem has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why 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 Russia 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 Russia .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to RUB.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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