Receiving country · World Bank RPW · IN
Send money to India
Annual WDI inflows land in the upper fleet tercile ($150.7B) with 20 tracked source corridors into India.
- 5.5%
- Avg inbound cost
- 0.0%
- Cheapest · from Germany
- $150.7B
- Received per year
- 20
- Source corridors
WDI-inflow tercile vs fleet
India pulls in $150.7B a year, upper fleet tercile (above ~$10.1B), ranking #1 of 53 by WDI inflow. Average inbound cost is 5.5%.
- #1 of 53
- WDI inflow corpus rank
- 5.5%
- average inbound cost
- 0.0%
- cheapest source: Germany
- $150.7B
- received annually
Inbound cost bands to India
20 source corridors counted once by recorded average cost on a $200 send. The four bands sum to 20.
HIGH High-fee 5–8% lane · country average 5.5%
Cheapest Ways to Send Money to India
All Corridors to India
| # | From | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | United Kingdom | 1.9% | 0.1% | State Bank of India |
| 2 | Bahrain | 2.2% | 0.2% | Western Union |
| 3 | Kuwait | 2.4% | 1.6% | Lulu Money |
| 4 | Qatar | 2.5% | 1.3% | Western Union |
| 5 | Singapore | 2.9% | 0.5% | State Bank of India |
| 6 | Oman | 3.3% | 2.4% | Bank Muscat |
| 7 | Malaysia | 3.3% | 1.2% | Western Union |
| 8 | United Arab Emirates | 3.7% | 0.8% | Emirates NBD |
| 9 | United States | 3.8% | 0.4% | Placid Express |
| 10 | Italy | 4.2% | 0.4% | Skrill |
| 11 | Canada | 4.3% | 0.9% | SBI Canada Bank |
| 12 | New Zealand | 4.7% | 0.5% | Western Union |
| 13 | Saudi Arabia | 5.6% | 3.1% | STC Pay |
| 14 | France | 6.3% | 1.4% | Banque Populaire via Wise |
| 15 | Australia | 6.4% | 0.5% | Orbit Remit |
| 16 | Germany | 6.5% | 0.0% | RemitMoney |
| 17 | Sweden | 7.3% | 0.7% | Skrill |
| 18 | Japan | 8.7% | 1.2% | Western Union |
| 19 | Thailand | 12.6% | 0.7% | Western Union |
| 20 | South Africa | 16.4% | 5.3% | Mama Money |
Large remittance inflows into India
India pulls in about $150.7B a year (upper inflow tercile, above ~$10.1B) across 20 RPW source corridors at 5.45% average inbound cost.
The three cheapest inbound corridors to India right now are from Germany at 0.00% via RemitMoney, United Kingdom at 0.15% via State Bank of India, Bahrain at 0.24% via Western Union. These are floor prices on a $200 transfer into India, fee plus FX margin.
For senders pointing money toward India, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About India inbound 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 inbound cost 5.45%; 20 source corridors tracked to India; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to India each year?
India receives about $150.7B a year - upper inflow tercile among WDI-tracked receivers - from 20 RPW source countries at 5.45% average inbound cost.
What is the cheapest way to receive money in India?
On World Bank RPW $200 sends, the cheapest inbound floors into India are from Germany, United Kingdom, Bahrain, as low as 0.00%. Country average inbound cost is 5.45%.
How have remittance costs to India changed over time?
RPW has tracked transfer costs to India since 2011. The current average inbound cost is 5.45% versus a ~6.4% global RPW average; UN SDG 10.c targets ≤3% by 2030.
Where does India sit among remittance-receiving countries?
According to World Bank WDI remittance inflows among 53 tracked receiving countries on PlainRemit, India ranks #1 of 53 by annual dollars received. /send-to browses alphabetically; this inflow ordinal matches the largest-receivers research ranking.