MoneyTransfers

How to Send Money from India to Sri Lanka

Get the best deals when you transfer from India to Sri Lanka. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Sri Lanka from India.

Disclosure

Ways to send money from India to Sri Lanka

The best rated provider for transfers from India to Sri Lanka

Wise

Total number of INR - LKR providers

3

Average cheapest provider for transfers to Sri Lanka from India

Wise

Average cost of the cheapest transfer from India to Sri Lanka

₹558.49

Best for bank transfers from India to Sri Lanka

Wise

Best for debit card transfers from India to Sri Lanka

Instarem

Best for credit card transfers from India to Sri Lanka

Wise

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from India to Sri Lanka

Instarem is the best way to send money to Sri Lanka from India. This is based on cost, speed, and how easy it is to use.

We analyzed 3 providers that allow INR to LKR transfers. Instarem emerged as the best option in 44.6% of searches.

How to send money from India to Sri Lanka

Follow these steps to send money between India and Sri Lanka

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from India to Sri Lanka, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from India to Sri Lanka once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from India to Sri Lanka

The cheapest way to send money from India to Sri Lanka is Wise. On average, transfers from India to Sri Lanka with Wise cost ₹558.49, making them 0 cheaper than their nearest competitor.

Wise has been the cheapest way to send money from India to Sri Lanka for the last three months, on average.

Just to make you aware, bankTransfer was the cheapest payment method.

The current mid-market rate between INR and LKR is 3.611164. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Wise is the cheapest way to send money from India to Sri Lanka, but make sure the timeframes work for you.

How the cost of sending money to Sri Lanka from India is calculated

The cost of sending money from India to India depends on several things, including:

The mid-market rate

The current mid-market rate between INR and LKR is 3.611164. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between Sri Lanka and Sri Lanka. This is why Instarem is listed as our cheapest option - they offer the best combination of Indian Rupee to Sri Lank Rupee rates (0.17) and fees (558.49).

Bank transfers from India to Sri Lanka

Bank transfers are the most common way of sending INR to Sri Lanka as they are secure, reliable, and convenient.

If you want to send Indian Rupees to Sri Lanka via bank transfer, Wise has been the top rated provider in our comparison system for the last three months, recommended 90.3% of the time.

That’s because companies like Wise bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for Indian Rupees into Sri Lanka have averaged at 640.82 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from India to Sri Lanka

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 Sri Lanka with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended % of the time.

Note: Beware of charges

Credit 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.

Debit card payments from India to Sri Lanka

Debit card payments let you send money from the India to Sri Lanka with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Indian Rupees to Sri Lanka with a debit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended % of the time.

Finding the best exchange rate for INR to LKR

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many LKRs you can get for your INRs. The average Indian Rupee to Sri Lank Rupee mid-market rate over the last month was 3.7035, with a low of 3.6134 and a high of 3.7421.

For comparison, the best exchange rate for INR to LKR right now is through Wise, at a difference of 0.23%.

How we find the best transfer deals from India to Sri Lanka

We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Sri Lanka and India. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Indian Rupee to Sri Lanka, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

FAQs

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Contributors

Mehdi Punjwani
Mehdi is an accomplished writer and editor, specializing in personal finance with over five years of experience. His expertise is reflected in his work for prominent brands such as MoneySuperMarket, Equifax, and The AA. Additionally, Mehdi contributes as an author at USA Today, further showcasing his proficiency in the field.