.svg)
Send money from India to South Korea
While you can’t send INR to KRW 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 South Korea
Sending money from India to South Korea doesn’t have a huge amount of options. Because of this, we suggest sending money via:
An agent like Western Union, MoneyGram, or Ria Money Transfer
Wise (USD/USD or EUR/EUR transfers)
Send cash to South Korea from India
Agents are physical stores where you hand in INR as cash and the receiver picks it up from the store in South Korea.
Western Union Agent
We suggest using Western Union agent as it's reputable, fast, and is partnered with multiple banks in India.
The fees and rates will vary from day to day and based on your transfer amount, but it's still much cheaper than using your bank directly.
To get started, find the closest WU agent using the store locator, fill in the forms at the counter, pay for your transfer and let the recipient know.
Most transfers will be available for collection the same day, but sometimes can take up to a few days.
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.
Sending money from India to South Korea: key insights and tips
Don't settle for the first option. Always compare ways to send money from India to South Korea to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between India and South Korea. 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 send money from India to South Korea
Without any money transfer providers serving the India to South Korea route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from India to South Korea
When calculating the costs of money transfers between India and South Korea, here's what really matters:
The Mid-Market Rate: Today, the INR-KRW mid-market rate equals to 15.7728. Keep in mind that this rate fluctuates all the time.
The INR-KRW average exchange rate of the past week has been 15.8311, with a highest of 15.9158 and a lowest of 15.7525.
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 KRW transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
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 7 days, the average numbers are:
The exchange rate from INR to KRW averaged 15.8311 KRW.
The highest value recorded was 15.9158 KRW, while the lowest was 15.7525 KRW.
7 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!
What payment methods are available when sending money from India to South Korea?
Sending bank transfers from India to South Korea
Bank transfers are the most common way of sending INR to South Korea as they are secure, reliable, and convenient.
If you want to send Indian Rupees to South Korea 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 South Korea 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 South Korea 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 South Korea by payment apps
If you’d like to send money from India to South Korea 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 South Korea.
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 South Korea in Won 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 South Korea 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 KRW 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 KRW is 15.7728
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 and review methodology.
Money transfer company reviews
