Sending country · World Bank RPW · IN
Send money from India
Annual WDI outflows land in the upper fleet tercile ($12.1B) with 4 tracked destination corridors from India.
- 6.3%
- Avg outbound cost
- 0.5%
- Cheapest · to Nepal
- $12.1B
- Sent per year
- 4
- Destination corridors
WDI-outflow tercile vs fleet
India sends $12.1B a year, upper fleet tercile (above ~$12.1B), ranking #12 of 34 by WDI outflow. Average outbound cost is 6.3%.
- #12 of 34
- WDI outflow corpus rank
- 6.3%
- average outbound cost
- 0.5%
- cheapest destination: Nepal
- $12.1B
- sent annually
India among sending countries: volume vs. cost
India sits at the 68th percentile for outbound volume among 34 tracked sending countries - the 30 largest senders plotted below by annual outflow and average cost, India highlighted.
Sending countries by volume and cost: United States, $107.1B annual outflow, 5.53% average cost. Saudi Arabia, $58.69B annual outflow, 6.09% average cost. Switzerland, $42.68B annual outflow, 6.94% average cost. Germany, $26.67B annual outflow, 4.96% average cost. France, $20.8B annual outflow, 7.31% average cost. Kuwait, $16.74B annual outflow, 3.54% average cost. Australia, $15.86B annual outflow, 7.38% average cost. Canada, $15.11B annual outflow, 5.77% average cost. South Korea, $14.31B annual outflow, 5.49% average cost. Italy, $13.91B annual outflow, 8.04% average cost. United Kingdom, $13.17B annual outflow, 5.08% average cost. India (this country), $12.08B annual outflow, 6.32% average cost. Qatar, $12.06B annual outflow, 6.02% average cost. Belgium, $11.22B annual outflow, 3.13% average cost. Austria, $10.81B annual outflow, 4.57% average cost. Thailand, $9.98B annual outflow, 11.87% average cost. Russia, $8.86B annual outflow, 3.03% average cost. Japan, $7.17B annual outflow, 10.69% average cost. Norway, $6.29B annual outflow, 3.66% average cost. Czech Republic, $5.96B annual outflow, 6.27% average cost. Poland, $5.6B annual outflow, 3.73% average cost. Sweden, $4.2B annual outflow, 6.65% average cost. Brazil, $1.86B annual outflow, 12.62% average cost. Israel, $1.62B annual outflow, 13.13% average cost. Ghana, $1.31B annual outflow, 13.29% average cost. Dominican Republic, $1.17B annual outflow, 7.68% average cost. New Zealand, $1.14B annual outflow, 8.39% average cost. South Africa, $1.13B annual outflow, 16.9% average cost. Spain, $0.79B annual outflow, 5.65% average cost. Chile, $0.69B annual outflow, 4.93% average cost.
Outbound cost bands from India
4 destination corridors counted once by recorded average cost on a $200 send. The four bands sum to 4.
HIGH High-fee 5–8% lane · country average 6.3%
Cheapest Corridors from India
All Corridors from India
| # | To | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | Nepal | 3.1% | 0.5% | Punjab National Bank |
| 2 | Pakistan | 6.8% | 4.6% | Bank of Baroda |
| 3 | Sri Lanka | 6.8% | 4.4% | Bank of Baroda |
| 4 | Bangladesh | 8.5% | 4.6% | Bank of Baroda |
Large remittance outflows from India
India sends about $12.1B a year (upper outflow tercile, above ~$12.1B) across 4 RPW destination corridors at 6.32% average outbound cost.
The three cheapest outbound corridors from India right now are Nepal at 0.45% via Punjab National Bank, Sri Lanka at 4.37% via Bank of Baroda, Pakistan at 4.61% via Bank of Baroda. These are floor prices on a $200 transfer from India, fee plus FX margin.
For a sender in India, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About India outbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average outbound cost 6.32%; 4 destination corridors tracked from India; vintage 2026-08-10.
Frequently Asked Questions
How much money does India send in remittances each year?
India sends about $12.1B a year - upper outflow tercile among WDI-tracked senders - to 4 RPW destination countries at 6.32% average outbound cost.
What are the cheapest countries to send money to from India?
On World Bank RPW $200 sends, the cheapest outbound floors from India are to Nepal, Sri Lanka, Pakistan, as low as 0.45%. Country average outbound cost is 6.32%.
How have remittance costs from India changed over time?
RPW has tracked transfer costs from India since 2011. The current average outbound cost is 6.32% versus a ~6.4% global RPW average; UN SDG 10.c targets ≤3% by 2030.
How do I compare money transfer services?
To compare money transfer services from India, look at three factors: (1) total cost as a percentage of your transfer amount, including both the service fee and exchange rate margin, (2) delivery speed, and (3) payment and payout methods available in your destination country. World Bank RPW data, used here, standardizes costs as a percentage of a $200 transfer. Always verify current rates directly with providers before sending.
Where does India sit among remittance-sending countries?
According to World Bank WDI remittance outflows among 34 tracked sending countries on PlainRemit, India ranks #12 of 34 by annual dollars sent. /send-from browses alphabetically; this outflow ordinal is the analytical placement basis.