.svg)
Companies for transfers from India to South Korea
"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."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"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."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Best way to send: Wise
We tested & reviewed 9 money transfer companies offering services between India and South Korea, and Wise scored highly.
In total, Wise appeared in 79% of India to South Korea searches, and was the top rated company out of 9 that support transfers into Won.
So for a great mix of cost, speed & features, make your India to South Korea transfer using Wise.
How to get the best deal on sending money from India to South Korea
- 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 South Korea.
- Choose a provider
Select the provider that offers you the best value on buying KRW & 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.
Summary of recent searches
What to consider ahead of money transfers from India to South Korea
Comparing based on your specific needs is the best way to send money from India to South Korea with confidence.
Our analysis, and search results, include 9 providers that operate between India and South Korea. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to South Korea.
Cheapest way to transfer money to South Korea from India: Ria Money Transfer
Of the 9 providers compared, data shows that Ria Money Transfer is 0% cheaper than the second-best option.
The is cost is made up of an average INR-KRW exchange rate that is 2.8% different to the mid-market rate and an average fee of 4* INR.
If you want to secure the best rates on a INR to South Korea transfer, Ria Money Transfer will result in the most Won received.
*The most common fee applied to INR-KRW by Ria Money Transfer, based on data from the past six months.
Fastest money transfers from India to South Korea: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from India to Won in 65.1% of instances.
Over the last six months, sending money from India to South Korea through Ria Money Transfer have an average fee of 4 INR.
Ria Money Transfer was one of 9 money transfer providers we compared for overall speed of sending money from India to South Korea. This speed test included depositing Indian Rupees to an account and the average timeframe for sending money to South Korea.
When fast transfers are a priority, Ria Money Transfer is our best choice for sending from India to South Korea.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 9 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Won to Won.
As such, opt for Wise for sending large sums of money to South Korea from India.
Understanding the cost of transferring money to South Korea from India
Fees and exchange rates make up the total cost of sending money from South Korea to South Korea. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-KRW mid-market rate is 16.9863 KRW per Indian Rupee. You will get more Won for your Indian Rupees if you find a provider close to this number.
For context, over the last three months the INR-KRW mid-market rate has had a high of 16.5443, a low of 15.6512 and averaged 16.0847 KRW per Indian Rupee.
Across the 9 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to KRW will be the biggest determining factor when working out the cost of transferring Indian Rupees to South Korea.
Fees: Transfer fees are charged as part of the transfer. Ria Money Transfer at an average of 4 INR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Won eventually received in South Korea. You can assume that a lower cost of sending from India will result in more money received in South Korea.
Track the exchange rate for Indian Rupee to Won
Sending money at the right time between INR and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your INR.
Over the last six months, the average numbers are:
The exchange rate from INR to KRW averaged 16.0847 KRW.
The highest value recorded was 16.5443 KRW, while the lowest was 15.6512 KRW.
9 providers currently offer transfers between India and South Korea close to this rate.
Want to secure the best INR-Won exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from India to South Korea!
Payment methods available to fund your India to South Korea transfer
Bank transfers
Bank transfers are often the better option for money transfers from India to South Korea.
Sending money via a bank transfer with a company such as Ria Money Transfer for transfers from India to South Korea allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Ria Money Transfer is the best provider for bank transfers of the 9 we tested when sending INR to South Korea.
With an average fee of INR4 to send money from India to South Korea, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to South Korea with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from India to South Korea, competing among a total of 9 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from India to South Korea, emerges as our top choice of the 9 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Korea 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 South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
