If you have signed up on or before 9 May 2023, please check the guide to INR transfers
Who can send money from INR?
You can only send from INR if:
You're an Indian tax resident based in India and your Wise account address is in India
You’ve been verified with your Aadhaar number, PAN, and video verification
You have an Indian phone number on your Wise account
Where can I send INR from?
You can only send INR from your personal bank account within India through NEFT and RTGS payment networks. The name on your bank account has to match exactly with the name you registered at Wise. You can pay for your transfer by sending money from your bank in India via bank transfer.
Who can I send money to?
You can only send money to yourself or your close relatives.
Your recipient’s address must be in one of the following countries: Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, Cyprus, Czechia, Denmark, Estonia, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Indonesia, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, San Marino, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, UAE, the United Kingdom, and the United States.
How much can I send?
You can transfer up to 250,000 USD (approximately 20,800,000 INR) per financial year (April to March).
How long does it usually take for the money to arrive?
It usually takes 1 hour for your money to reach Wise. Once we receive it, we convert your money, which can take up to 1 working day.
We’ll always give you an estimate for how long your transfer will take when you set it up.
How much does it cost to send from INR?
You can find more information about the fees you have to pay on our pricing page.
Read more here about fees for sending money
For what purpose can I send INR?
You can send money for education, medical, travel, vacation, or visit expenses. You’ll need to verify this information by submitting the documents listed below.
For education expenses:
the recipient’s (student) passport
one or more of these supporting documents
student visa
university admission or registration letter
resident permit for study
if the student is based in the US, I-20 form.
For travel, vacation, or visit expenses:
your passport
one or more of these supporting documents
your travel visa
your flight or hotel booking tickets
resident permit
For medical expenses:
your passport
one or more of these supporting documents:
hospital invoice or estimate from overseas
Indian doctor’s confirmation for treatment outside India
overseas medical appointment
resident permit for medical reasons
Are there any restrictions on sending from INR?
You can't send INR from a business bank account.
You can't send INR from NRE accounts.
All payments are subject to compliance checks following regulations by the Reserve Bank of India. We’ll take care of submitting the needed information and documents for reporting your payment from India.
I’ve cancelled my payment, how long will my refund take?
We’ll let you know when we’ve refunded your money — this usually takes 2 working days and there’s no way for us to speed up this process.
We might need more information before sending your refund. We’ll send you an email if we do.
What is Tax Collected at Source (TCS)?
TCS is a tax regulation for remittances under the Liberalised Remittance Scheme (LRS) in India. We’ll use your PAN number to check if TCS applies to you. If it does, we’ll charge you an additional fee for your transfer and Wise’s banking partner will remit the TCS collected to the tax authorities in India. You’ll see the applicable TCS amount on the Review step of the transfer.
If you send less than 700,000 INR in a financial year, you won’t be charged extra for TCS for education or travel, vacation, or visit to family or close relatives.
If you send over 700,000 INR in a financial year, you’ll be charged 5% of the amount over the limit for medical and education expenses, and 20% of the amount over the limit for the other purpose codes.
You'll need to declare if you've remitted less than 700,000 INR in the current financial year. If you've remitted more, you’ll be charged TCS on the full amount of the transfer.
The financial year starts from 1 April and ends on 31 March the following year.
What is the Goods and Services Tax (GST)?
GST will be calculated based on the transfer amount and fees according to the relevant provisions of the Indian GST law. We’ll show you the applicable GST amount on the Review step of the transfer, and you’ll be able to download a tax invoice for the GST paid.