Send money from France to India
See today's live rates — and exactly what your recipient receives, after every fee.
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Today's best rates to India
As of 6 July 2026, sending £1,000 to India, your recipient gets the most with Instarem: 109,136.00 INR — the best of 5 providers compared.
| Provider | Rate | Fee | Recipient gets | Speed | |
|---|---|---|---|---|---|
109.14 0.21% better | £0 | 109,136.00 INR | Within 2 days | Send | |
TransferGo | 108.51 0.36% worse | £0 | 108,506.91 INR | 1–2 days | Send |
109.10 0.18% better | £6.68 | 108,372.21 INR | Within 2 days | Send | |
105.65 2.99% worse | £0 | 105,651.20 INR | 1–2 days | Send | |
105.16 3.43% worse | £5.99 | 104,534.93 INR | Minutes to days | Send |
When you send money home to India, the cheapest route is almost always a specialist money-transfer app or company rather than your bank. The cost that matters most is hidden in the exchange rate: a bank typically keeps 1% to 4% in the rate, on top of any fee — so always judge a provider by the amount that actually arrives, not by a "no fee" claim. Below is exactly how the money reaches India, what it really costs, and how to sidestep the most expensive mistakes.
France is home to a long-established Indian community — a January 2026 report from India's Ministry of External Affairs counts an estimated 109,000 overseas Indians in metropolitan France (about 90,000 Persons of Indian Origin and 19,000 Non-Resident Indians; a related MEA dataset puts the total nearer 119,000), and that does not even include the much larger Indian-origin population in France's overseas territory of Réunion.
The community has unusual depth: an early wave came from the former French territories in India — Puducherry (Pondicherry) and Chandernagor — and is largely Tamil, with Bengali and Telugu families alongside; later waves brought professionals, entrepreneurs and students from Gujarat, Punjab and Kerala, many in IT and engineering.
Most live in the Île-de-France region around Paris.
That makes the euro-to-rupee route a real, competitive corridor — and on most amounts the exchange-rate margin matters far more than any headline fee: a 0.5% difference in the rate on €1,000 is roughly €5 of rupees, usually more than the fee gap between providers.
Because you are sending euros, the cheapest options here are the providers that genuinely serve French senders — Wise, Instarem, Western Union and TransferGo — not the UK-only banks and brokers.
Sending from France: what you need
Sending from France is straightforward once you know what your recipient's bank in India needs and how to fund the transfer in euros. The first transfer takes a few minutes to set up; later ones are near-instant.
Compare on the rupees that actually arrive
Use the live comparison above. It shows only providers that serve French (euro) senders, ranked by how many rupees land in India after both the exchange-rate margin and any fee — the only number that matters.
Get your recipient's IFSC code and account number
India does not use an IBAN. To pay into an Indian bank account you need the recipient's account number and their bank's 11-character IFSC code (it identifies the exact branch); many providers can also pay to a UPI ID, which looks like an email address (name@bank).
The money is delivered over IMPS or UPI, usually in minutes. Ask your recipient for these before you start.
Verify your identity once
A France-resident sender verifies identity on first use to meet anti-money-laundering (KYC) rules — typically a passport, a European driver's licence or a French residence permit, plus proof of address such as a recent utility bill.
It takes a few minutes and is a one-off; larger transfers may also ask for proof of the source of funds.
Fund the transfer in euros, name the purpose, and send
Pay from your French bank account by SEPA transfer (free, clears in about a day) or by debit card (usually instant). India's rules ask for a purpose to be declared — for family support choose 'family maintenance' — which the provider handles.
Most transfers settle within minutes over IMPS or UPI, with a confirmation by email or app.
Funding the transfer from France by SEPA bank transfer is free and usually clears within one working day; a French debit card is normally free and quick. Avoid a credit card — most issuers treat a money transfer as a cash advance (avance de fonds) and add a fee plus interest from day one.
There is no French tax simply for sending money abroad: support sent to a family member for their living costs or education (a 'pension alimentaire') is treated as a family obligation, not a gift, so it falls outside French gift tax.
India regulates all inbound transfers under FEMA, so a purpose code is attached to each one (family maintenance, education or medical for ordinary support); your provider does this for you, and your recipient's bank can issue a Foreign Inward Remittance Certificate (FIRC) as proof of the money's source if it is ever needed.
One unrelated admin point: physically carrying €10,000 or more in cash out of France must be declared to customs — but that does not apply to ordinary electronic transfers.
How the money reaches India
How your recipient gets paid
India does NOT use an IBAN. You need the recipient's account number and their 11-character IFSC code; for the international leg the bank's SWIFT/BIC code is used. If a form insists on an IBAN, it isn't set up for India.
How the money is delivered
Once your pounds are converted, the money is delivered locally inside India. You don't choose the network — the provider does — but here is what is used.
Ways your recipient can receive it
Most providers can pay into a bank account, UPI ID (supported routes) or cash pickup. The right choice is usually whichever is cheapest and fastest for your recipient. Cash pickup is the fallback where a bank account or wallet isn't available.
What you actually pay to send money to India
The rupee floats on the open market, so a slice of what you pay is the day's real exchange rate - fair enough. The rest, and usually the bigger part, is the spread your provider quietly adds on top.
That hidden margin is where a cheap transfer and an expensive one part ways, so judge every provider on the rupees delivered, not the 'no fee' badge.
The exchange-rate mark-up
The big one. Banks and some apps quote a rate a little worse than the real mid-market rate and keep the difference — often 1% to 4%. Because it is a slice of the whole amount, it usually dwarfs any upfront fee.
Correspondent-bank fees
An ordinary bank wire can pass through one or two intermediary banks, each able to take a small cut before the money arrives. Specialists using local payment networks usually avoid this entirely.
"No fee" hiding a poor rate
A headline "zero fee" means little if the rate is weak. Judge an offer by the money that actually arrives, not by whether a fee is shown — the comparison above ranks providers exactly that way.
Pay into a bank account, not a cash counter
Collecting rupees as cash at an agent counter is convenient, but it almost always carries a worse rate or a higher fee than paying straight into a bank account. The agent network gets paid out of that gap.
India is unusual here: once money lands in a bank account your recipient can spend it instantly and free through UPI, so a bank payout normally beats cash collection on both cost and speed.
Compare the rupees that land, not the fee
A 'zero fee' offer can still be the dearest option if the rate is poor, because the cost has just moved from a visible fee into a wider exchange-rate margin. Indian banks typically bury between 1.5% and 4% in their rate.
Add the fee and the rate together, look only at the rupees that reach the account, and the cheapest headline often falls to the back of the pack.
Watch correspondent-bank fees on larger sums
On bigger transfers - say over £5,000 - the way the money travels starts to matter. When it moves by old-style SWIFT bank wire it can pass through one or two intermediary 'correspondent' banks, and each can take a slice before it lands, so the rupees that arrive fall short of the quote.
The specialist providers in the table above mostly pay out through a local Indian bank partner instead, which sidesteps those deductions. It is worth confirming the payout route before you send a large amount.
How you pay from the UK changes the cost
Funding the transfer by bank transfer is free and clears in one to two working days; a debit card is usually free and instant. Avoid a credit card - most UK card issuers treat a money transfer as a cash advance and add around 2-3% plus interest from day one.
Regular senders can set up direct debit on some platforms. You verify your identity just once on first use (a UK address proof plus photo ID, around 10-30 minutes, and sometimes instant through open banking).
The costly NRO trap
The costly NRO trap
If your recipient is an NRI (a Non-Resident Indian), the account type matters as much as the provider. With an NRE account (Non-Resident External) the interest is tax-free and the money can be sent back out of India freely, with no limit.
With an NRO account (Non-Resident Ordinary) the interest is taxed at 30%, and only up to US$1 million can be moved back out per financial year, with extra paperwork each time.
Money put into the wrong account is difficult and costly to move later, so ask your recipient to confirm it is an NRE account before you send.
How to avoid fraud when sending money to India
On any large transfer the biggest risk is rarely the exchange rate — it is criminals getting between you and the money. These simple rules are worth knowing before you send.
UPI collect-request scam
Rule: You never need to enter your PIN to receive money. If an app asks for your PIN, it is authorising money to leave your account.
QR-code scam
Rule: You do not scan a QR code to receive money. Payment QR codes are used to send money, not collect it.
"Wrong transfer, please refund" scam
Rule: If you need to return money, make a new payment yourself using details you trust. Do not use a refund link, reversal button, or payment request sent by the other person.
Digital-arrest scam
Rule: There is no lawful "digital arrest". If someone on a video call claims to be the police and demands money, end the call and dial 1930. Real authorities do not demand instant payment this way.
If you are a victim of fraud, dial the national cyber-fraud helpline on 1930, or report at cybercrime.gov.in.
Is money sent to India taxed?
What the rules say
Money sent to family in India is generally not taxed for the person receiving it. Under the gift rules, a gift from a close relative - a parent, child, sibling, or husband or wife - is fully tax-free no matter how large.
A gift from someone who is not a close relative is tax-free up to ₹50,000 received in a year; once the year's total crosses that line, the whole amount becomes taxable in their hands, not just the part above ₹50,000.
Inbound transfers are NOT touched by the LRS limit or TCS, which apply only to money being sent out of India. This is general information, not tax advice.
Keep your paperwork
On a large transfer the UK firm must run a source-of-funds check — that is a compliance step, not a tax. Keep evidence of where the money came from (a sale statement, pension or investment paperwork, or bank statements) and a big transfer moves through far more smoothly.
When is the best time to send money to India?
For a one-off transfer the rate on the day is what counts — and it moves constantly. The aim is less about guessing the perfect moment and more about removing risk on payments you already know are coming. As a guide, once the money is sent seconds to ~2 hours, at any time of day, via UPI or IMPS once the money reaches India.
Demand swings hard with the calendar. It builds around Diwali (October or November) and through the long wedding season from roughly November to February, when families send extra home for festivals, gold and celebrations.
Those are exactly the windows when providers know everyone is sending and can quietly widen the margin they take on the rate.
The rupee floats on the open market, so you cannot time the rate itself - but if you know a big Diwali or wedding send is coming, set it up a little ahead of the crush rather than on the busiest day.
Lock the rate for a known date. If a payment is weeks away, many specialists let you fix today's rate now (a forward contract), so a sudden market move can't blow a hole in your budget before the money is due.
Set a target with a rate alert. For flexible transfers, you can set the rate you want and be notified (or trade automatically) when the market reaches it — useful when you have time on your side and no fixed deadline.
The costliest mistakes when sending to India
A handful of avoidable slips account for most of the money people lose. Each is easy to sidestep once you know to look.
Defaulting to your bank without comparing. The bank's rate mark-up usually costs far more than any fee, and it is easy to miss because it is built into the rate rather than shown separately.
Judging by the fee, not the amount delivered. A "no fee" offer can still be the worst deal if the rate is poor. Always compare on what actually arrives.
Mistyping the account or bank code. If the account details are wrong the transfer can bounce back after a delay, or reach the wrong account. Always check them against details your recipient sent in writing.
Trusting bank details that arrived by email. Payment-diversion fraud is a real risk — always confirm the receiving account by phone on a trusted number first.
Using an unregulated or cold-calling firm. Check the company on the FCA Register before you move any money, and never act on an out-of-the-blue offer.
Using an old IFSC code after a bank merger. Several Indian banks have merged in recent years, and when that happens branch IFSC codes are reissued - the old 11-character code can stop working. If your recipient banks somewhere that was taken over, ask them to confirm the current IFSC from a recent statement, their banking app or the bank's website before you send. An out-of-date code can bounce the transfer or delay it.
Confusing a UPI ID with a bank account number. A UPI ID (something like name@bank) is not the same as an account number plus IFSC, and most international routes pay into a bank account, not a UPI ID directly. If the money is going to a bank account, you need the account number and the IFSC, not the UPI handle. Sending the wrong identifier can fail the transfer, so check which one your provider's route actually requires.
How do most people send money to India?
For most people sending money home, the simplest and cheapest route is a specialist money-transfer app or company paying straight into the recipient's bank account. Judge every provider by the amount that actually arrives — and confirm the receiving details before you send.
Sending to India is one of the cheapest, fastest corridors in the world once the money arrives - UPI and IMPS land rupees in seconds, day or night. So the whole game is on the sending side: pick the provider that puts the most rupees in the account after rate and fee, not the loudest 'no fee' badge.
Get the account number and current IFSC right, check it is an NRE account if your recipient is an NRI, and a family gift arrives tax-free for them.
Frequently asked questions about sending money to India
There is no euro exchange-control limit on transfers from France, and India places no cap on inbound personal remittances received through an authorised bank. The limits depend on the channel.
A normal bank-to-bank transfer to an Indian account has no inbound cap for family support.
However, money sent for cash pickup under India's Money Transfer Service Scheme (MTSS) — the rail behind some cash-collect services — is capped at US$2,500 per transfer and 30 receipts per person per calendar year, and any cash payout above ₹50,000 must instead be credited to a bank account.
For larger or frequent sends, a direct bank or UPI deposit avoids those limits. Each provider also sets its own per-transfer limit (Wise allows €1m+ once fully verified).
No. Genuine support sent from France to a family member for their living costs or education is treated as a family obligation ('pension alimentaire'), not a gift, so it is not subject to French gift tax.
France does tax larger gifts to more distant relatives or non-relatives — and the rules apply based on the donor's residency — so a substantial one-off gift could be reportable, but routine family support is not.
On the Indian side, support and genuine gifts from a close relative are tax-free for the recipient; a gift over ₹50,000 in a year from a non-relative can be taxable to the receiver as income. This is general information, not tax advice.
Usually within minutes when it is paid into an Indian bank account over IMPS or to a UPI ID — both run around the clock.
Old-style SWIFT bank wires are slower, typically one to several working days, and can be exposed to intermediary-bank deductions of roughly US$15-30 that leave the recipient with less than was sent.
The slower part with a modern provider is normally the one-off identity check on the French side before your first transfer leaves.
All inbound remittances are paid through Authorised Dealer banks under Reserve Bank of India (RBI) rules.
The most common option is a direct deposit into their Indian bank account using the account number and IFSC code, delivered over IMPS, NEFT or RTGS — or, increasingly, a credit straight to a UPI ID in minutes.
Cash pickup at an agent and mobile-wallet credit are also available, though cash payouts are capped at ₹50,000.
No. India does not use IBANs (the long account number used in Europe). You need two things: your recipient's account number, and their IFSC code — an 11-character code that names their bank branch.
For the international step, the bank's SWIFT/BIC code is used. If a form insists on an IBAN, it simply isn't set up for India.
Almost always a specialist money-transfer company rather than your bank - Indian banks typically bury 1.5% to 4% inside a poorer rate. Compare providers by the rupees that actually arrive, adding the exchange rate and the fee together, rather than by "no fee" claims that can hide a weak rate.
A bank payout usually beats cash pickup too, since your recipient can then spend it free and instantly through UPI. See the live comparison above for today's ranking by the amount received.
Money from a close relative (such as a parent, child, brother, sister, or husband or wife) is completely tax-free for the person receiving it, no matter how large.
Money from someone who is not a close relative is tax-free up to ₹50,000 in a year; if the year's total crosses that, the whole sum becomes taxable for them, not just the part above ₹50,000. This is general information, not tax advice.
No. The LRS limit (Liberalised Remittance Scheme) and TCS (Tax Collected at Source) only apply to money sent out of India by people who live there. Money you send into India from abroad is not affected by either.
On a few routes — most notably Singapore to India, through a link called PayNow–UPI. From most other countries, the money arrives in a bank account first, and your recipient can then use UPI within seconds.
Usually an NRE account (Non-Resident External): the interest is tax-free, and the money can be sent back out of India freely. An NRO account (Non-Resident Ordinary) is taxed on its interest, only lets you move up to US$1 million out per year, and needs extra paperwork. It's worth checking the account type before you send.
Once the money reaches India, it usually arrives within seconds to about two hours, at any time of day, through UPI or IMPS. The part that takes longer is normally the checks on the sending side, before the money leaves.
There is no UK legal cap on personal transfers. Each provider sets its own limit - Wise allows £1m+ once you are fully verified, while others range from about £10,000 to £50,000 per transfer.
India's RBI puts no limit on personal remittances received into a normal savings account.
No. Sending money abroad from the UK is not a reportable tax event, and there is no UK gift tax. If the money is income you have already paid tax on, or a personal gift, there is nothing to declare.
For large transfers it is worth keeping a note of where the money came from, in case your own bank asks.
The transfer will usually fail or be delayed rather than vanish. Most providers can recall a misdirected payment, but it can take two to five working days to come back.
Always check the 11-character IFSC with your recipient before you submit - especially if their bank has recently been through a merger.
Our sources & how we keep this current
Last updated: June 2026. The live rates above refresh automatically, and we review the rest of this guide every month — updating it whenever the rules on payments, tax or regulation change.