How to send money to Zambia from India with the best INR-ZMW rate

The exchange rate determines the price you’ll pay for Zambian Kwacha when you send Indian Rupee to Zambia.

The current exchange rate between the Indian Rupee and Zambian Kwacha is 0.2534. Wise offers the best exchange.

The INR-ZMW exchange rate is always moving.

It’s possible that waiting a day or two can help you get more ZMW for the same amount of Indian Rupee. But, the best way to lock in a price between India and Zambia is by using a forward contract.

A bank transfer is the our recommended option for money transfers between India and Zambia. Ria Money Transfer offers the best price on a bank transfer.

A bank transfer to Zambia through Ria Money Transfer is 0.78% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both India and Zambia to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between India and Zambia.

Some services have minimum or maximum thresholds on how much you can transfer from India to Zambia.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of INR to Zambia. The combination of rates and fees when sending to Zambia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving India, or entering Zambia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Zambia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from India to Zambia will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from India into Zambian Kwacha. Wise is the best company for bank transfers between India and Zambia.

And if you need cash right away, check if cash pickup is an option for transfers between India and Zambia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Ria Money Transfer.

When signing up to a money transfer company to send between India and Zambia, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in India this will be a government ID like a passport or driver's license. In Zambia it will be a similar set of documents, although this should only be needed if you are opening a new account in Zambia, or collecting in cash.

Big transactions between India and Zambia, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in India.

When sending large amounts of money between India and Zambia there will be tax implications to consider.

Some transfers into Zambian Kwacha may need to be reported to tax authorities in Zambia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Zambia based on age, income and a few other elements. When in doubt, please contact a tax professional in India or Zambia to discuss your personal circumstances.