Best ways to send money to India
Compare the top providers that can help you transfer money to India based on speed, fees and exchange rates
Wise cost breakdown
Wise's transfer fee is SFr.20.45 and their exchange rate is 106.143. Wise uses the mid-market rate, so that means no additional fees.
The total cost of this transaction is: the transfer fee of SFr.20.45 + exchange rate fee SFr.0.00 (Wise uses the mid-market rate) = SFr.20.45.
This makes Wise the cheapest provider in the table to send SFr.5,000.00 to INR.
- Amount you send (fees included)SFr.5,000.00
- Transfer feeSFr.20.45
- Wise exchange rate106.143
- Equal to the mid-market rate 106.143
- Fee within the exchange rateSFr.0.00
- Total costSFr.20.45
- Amount received₹528,544.38
CurrencyFair cost breakdown
CurrencyFair's transfer fee is SFr.1.14 and their exchange rate is 105.11. That rate is lower than the mid-market rate of 106.143, which will cost you SFr.49.14.
The total cost of this transaction is: the transfer fee of SFr.1.14 + the exchange rate fee SFr.49.14 = SFr.50.28
This makes CurrencyFair the second cheapest provider in the table to send SFr.5,000.00 to INR.
- Amount you send (fees included)SFr.5,000.00
- Transfer feeSFr.1.14
- CurrencyFair exchange rate105.11
- 0.97% lower than the mid-market rate 106.143
- Fee within the exchange rateSFr.49.14
- Total costSFr.50.28
- Amount received₹525,430.00
We want to find the best deal for you. So, although we may receive a referral fee if you choose one of these providers, it won't affect the ranking of the provider, the exchange rates or any fees you are charged. Our results are sorted in order of cheapest to most expensive cost to you. Learn more
Why compare sending money to India with us
How to Send Money to India
The good news is that sending money to India is quick and easy. Plus you can usually do everything with your phone or laptop - with no need to stand in line at a bank or money changer’s office. Here’s how to send money to India 3 simple steps:
- 1Enter the Amount
Enter the amount of money you want to transfer into our comparison tool. Pick the currency you want to send to and from, using the drop down boxes. You’ll see a range of options from reliable providers, so you can compare and pick the best for your specific transfer. - 2Compare Rates and Services
Use our transparent comparison tool to find the best rates for your transfer. You’ll be able to compare important features such as transfer speed, total costs, amount received and customer reviews. In particular, be sure to check the exchange rates and fees, as these can vary between providers and payment methods. Costs may also vary depending on how you want to pay. - 3Sign Up and Send Money
Choose and sign up with the provider, enter the recipient’s details and complete the transaction securely. Your money will be on the move and you can track your transfer in the provider’s app.
You can send money from Switzerland to India using your bank, a specialist money transfer service, an e-wallet, or by visiting a physical money remittance store. Each option has different pros and cons, so the best for you will depend on your specific transfer and personal requirements.
For more information on how to send money to India check out our How to FAQs.
Best ways to send money to India
Currently best for | Provider | Details |
---|---|---|
Cheapest cost | Wise | SFr.20.45 CHF |
Best exchange rate | Wise | 1 CHF = 106.1430INR |
Fastest transfer | Wise | Instant-2 Days |
Best rated | Wise | Trustpilot rating: 4.3 |
You can send money to India with a bank, or you can choose an international money transfer service provider. Often international money transfer providers offer a fast, efficient and cheap way to send money from Switzerland to India.
Money transfer providers compared: 2 providers
Money transfer companies included: Wise, CurrencyFair
What is the cheapest way to send money to India?
Cheapest provider | Total cost | Details |
---|---|---|
Wise | SFr.20.45 CHF | CHF/INR exchange rate: 106.1430 |
CurrencyFair | SFr.50.28 CHF | CHF/INR exchange rate: 105.1100 |
Wise, the cheapest option, has a Swiss Franc/Indian Rupee exchange rate of 106.1430 and a fee of 20.45 CHF.
This would save you 29.83 CHF compared to CurrencyFair, who has a fee of 50.28 CHF.
You'll want to pay attention to both the upfront fee the provider shows you as well as the Swiss Franc/Indian Rupee exchange rate.
Often providers will claim to be a cheap global money transfer provider, with low, or even no fees, but in reality they're hidden within the exchange rate. Right now, Swiss Franc/Indian Rupee interbank rate is 106.143. Whenever you compare fees for transferring money to India, it can pay off to look at the exchange rate they offer.
Finding alternative ways to transfer money to India shouldn't be hard, we've put together a list of cheap ways to send money to India to help you with your search.
For example, most traditional banks add a hidden markup to the exchange rate they offer you. If 1 CHF is 106.143 INR, your bank can add a 3% exchange rate markup and give you a rate of SFr. 1 = 109.32729 ₹
What is the fastest way to send money to India?
Fastest provider | Time | Details |
---|---|---|
Wise | Instant-2 Days | Wise is the fastest way to send money to India |
CurrencyFair | 1-3 Days | CurrencyFair is the 2nd fastest provider to send money to India |
Typically sending money to India will be much faster using a money transfer company compared to a bank that can take 3-5 working days. That’s because banks usually process international money transfers through the SWIFT network. This system involves passing a payment through several intermediaries, which slows the process down. Money transfer companies have often built their own networks to process payments faster - which can even mean your money is deposited instantly into your recipient’s account.
The fastest provider in our table to transfer money to India is Wise - Instant-2 Days.
Who is the best rated provider to transfer money to India from Switzerland?
Of the 2 providers we found for transferring money to India, here's how the top 5 stack up in terms of number of reviews and average score based on TrustPilot:
Best rated provider | Star rating | Rating | No. of reviews |
---|---|---|---|
Wise | 4.3 | Excellent | 261064 |
CurrencyFair | 4.2 | Great | 9211 |
Is it safe to send money from Switzerland to India?
Choosing an international money transfer service can feel like a risk. However, our comparison tool will only ever recommend secure providers which operate within the law in any part of the world they’re in.
When you’re looking for the safest ways to send money to India from Switzerland you’ll usually want to look out for providers which are registered with and operate under the FCA. In some cases operators may also be regulated by the CBI. And if you’re sending money with your bank, you may also read about the FINMA. Too many acronyms? Let’s look at what they mean.
FINMA - Swiss Financial Market Supervisory Authority: This is Switzerland's independent financial regulator. FINMA supervises banks, insurance companies, and other financial intermediaries operating in Switzerland. Any money transfer provider operating legally in Switzerland must be authorized by FINMA.
FCA - Financial Conduct Authority: This UK regulator oversees many international money transfer companies that operate in Switzerland. Providers like Wise and OFX are regulated by the FCA.
NBB - National Bank of Belgium: The Belgian National Bank oversees financial operations in Belgium and issues relevant licenses. It serves as the supervisory authority for Wise in Europe, among others.
CBI - Central Bank of Ireland: Ireland's central bank is the supervisory authority in Ireland and issues licenses for the European operations of providers such as OFX and CurrencyFair.
Compare money transfer services to India
Wise: Send Money from Switzerland to India
Wise offers online and in-app money transfer services to India and 80+ other destinations around the world. You'll get the mid-market exchange rate to convert your Swiss Franc, with fast transfer times. In fact, 50% of Wise transfers are instant*, and 90% get there in under 24 hours.
- Mid-market exchange rates and low fees from 0.33%
- Send money abroad quickly - transfers can even be instant
- Send in 50 currencies to 70 countries
- No cash payment options
- No branch network
How much does it cost to send money to India with Wise?
- Transfer fees: Send money from 0.41%
- Exchange rates: Mid-market exchange rate
- Additional fees: Transfer fees vary based on destination and how you choose to pay
CurrencyFair: Send Money from Switzerland to India
CurrencyFair can be a cheap international money transfer service with quick delivery times on many currency routes. There’s a low, flat fee per transfer, and you could also find you get a better exchange rate compared to your regular bank.
- Send in 15 currencies
- Low transfer fees
- Many currencies can be delivered on the same day, or within 1 working day
- Exchange rates include a markup
- Pay in Swiss Franc by bank transfer only, no card option
How much does it cost to send money to India with CurrencyFair?
- Transfer fees: 50.28 CHF
- Exchange rates: Exchange rates include a markup
- Additional fees: Third party fees may apply depending on how you set up your transfer
Exchange rate trend between CHF/INR
As with many currencies, the CHF/INR exchange rate moves over time, due to changes in supply and demand. Exchange rate fluctuations can be caused by underlying shifts in how well the economy in Switzerland or India is doing, changes in political stability, or even simple speculation, where traders buy or sell currencies based on how they think trends are going to change.
Several key factors influence this currency pair:
- Interest rate differentials: The monetary policy decisions of Switzerland's central bank versus India's central bank
- Economic indicators: Comparative economic performance including GDP growth, inflation rates, and trade balances
- Political stability: Government changes and policy shifts in either country
- Market sentiment: Investor confidence and risk appetite affecting currency flows
- Global events: International developments that impact either economy or currency
When planning your international money transfers between Switzerland and India, it's worth monitoring these trends to find the most favorable exchange rates. Our comparison tool updates rates in real-time, helping you identify the best provider for your CHF to INR transfers.
Right now, SFr.1 buys ₹106.143
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Ways to fund your money transfer to India
Different money transfer services offer different options to fund your international money transfer. Luckily, you have plenty to choose from.
Typically bank transfer is the cheapest payment method, which is why it’s the method we use to compare providers on Exiap. Let's take a look at a few payment options for sending money from Switzerland to India with these providers:
Best app to send money to India
Provider | Website | ![]() | ![]() |
---|---|---|---|
Wise | ✅ | ✅ | ✅ |
CurrencyFair | ✅ | ✅ | ✅ |
Conclusion
When it comes to choosing the best provider for sending money to India from Switzerland, it really depends on what your needs are.
The cheapest provider shown in our comparison table is Wise. If the transfer time is what you're interested in, then Wise is also the fastest to transfer money to India. Wise can get your money to your recipient to India in Instant-2 Days.
If safety is what interests you the most when it comes to picking the best international money transfer provider to India, then all the providers we listed above are regulated by different financial institutions and should be safe to send money to India with.
FAQs about how to send money from Switzerland to India
You've got a few key options if you need to send money to India:
Bank transfer to India - most banks will let you send money internationally online, by visiting a branch or by phone. Payments to INR will be sent directly from your bank account to your recipient's local bank account in your chosen currency.
Walk into a branch - several specialist money transmitter services operate through large branch and agent networks, so you can visit a physical store and make your INR payment in cash if you want to.
Send money online to India - if you'd rather make your CHF/INR payment online or using your smartphone, you can choose your own bank's online banking service, or an international payment specialist. Specialist services can often offer better exchange rates and lower fees than banks.
Cash pickup - sending a payment for cash pickup can often be the fastest way to get your money into your recipient's hands. It's also usually one of the most expensive because it's being prioritized and can even be instant.
Sending money to another bank account in India is often the most convenient option - both for you, and your recipient. Your recipient doesn't need to take any action to receive the money, it just lands in the nominated account in the currency you choose, and can be spent or withdrawn easily.
If you're sending money from a bank account in Switzerland to a bank account in India, choosing a specialist provider can be the cheapest and fastest way to make your payment. Different providers have their own processes for arranging payments - but the steps you'll take are usually roughly the same:
1. Create an account Register a new account with your preferred service, by entering your contact details and some basic information. You may even be able to do this using Facebook or Google for convenience.
2. Verify Depending on the type of payment you're making, you may need to verify your account by uploading an image of your ID documents. This step helps keep your money safe, and is often a legal requirement.
3. Top up Add money to your account in dollars, using a bank transfer or card payment.
4. Add recipient details and send Once you're ready to send a payment, add your recipient's personal and bank account details, check the exchange rate and fee applied to your payment, and confirm. That's it - your money will now be sent, and you can track its progress online or in your provider's app.
The details you'll need to send money internationally from Switzerland to India may vary by provider, and based on the value of the transfer. At a minimum, whenever you make an international bank transfer you will typically be asked for:
- Account number
- IFSC code
You can't send money to India from Switzerland for free. International transfers cost providers money to arrange, so there's always a fee somewhere to make sure that the business covers its costs and generates profit. However, many providers choose to make the fees you pay trickier to spot by adding them into the exchange rates used for transfers.
There is no official best time to send money from Switzerland to India and that depends on a variety of factors such as when you need to send money or when you want the funds to be received. It’s also going to depend on a variety of other factors such as, the time when you send money or the fees you are offered by providers or banks.
When you’re sending a high value payment it’s especially important to do your research and find a provider which is safe and which offers low fees and great exchange rates. It’s also well worth comparing some providers based on transfer times, as the delivery time can also vary pretty widely.
Some international money transfer services offer discounts for high value transfers, either through lower fees or a better exchange rate. Use the Exiap cost comparison calculator to make sure you’re getting the very best deal available for your specific transfer.
While sending a high value payment works very similarly to sending any other transfer overseas, the provider may require additional information to verify the payment. You might be asked to prove the source of the funds, for example, to comply with local and international financial services legislation. If you’re sending a large amount of money you’ll also need to make sure the provider you’ve picked can support the amount, as maximum payment limits may apply.
Here’s how to send a large sum of money internationally with a specialist international money transfer service:
- Create an account
Register a new account with your preferred service - Verify
Verify your account by uploading an image of your ID documents - Add the transfer information
Including the value and currency - Add recipient details
Add your recipient's personal and bank account details - Fund your payment
Make a local bank transfer, use your card or pick another supported payment method. Your money will be on the move as soon as it's been received by the provider.
To send money to India using one of the international money transfer providers in our tables, the fees range from 20.45 CHF with Wise to 50.28 CHF with CurrencyFair (but the fee could be even higher with a bank). The exact cost depends a lot on where you’re sending money, how much you’re sending, how you want to pay, and how you want the payment to be received.
Typically sending money directly to a recipient’s bank account using a specialist service can be done with fairly low costs, while traditional bank transfer fees can be higher. Paying for your transfer with either a credit card or cash can often mean the fees crank up, too.
When you’re sending money internationally, don’t forget that the overall fee you pay can include the transfer fee, an extra charge wrapped up in the exchange rate used, and third party charges like a cash advance fee from your credit card issuer.
There is no legal limit on how much money can be sent to or from Switzerland, although banks and other payment providers may impose their own limits.
Money transfer limits can vary quite widely between providers, and may also change depending on how you want to fund your transfer. You could find different limits in place when you pay by card compared to paying using a bank transfer, for example.
The best rate available to send money to India will usually be the mid-market exchange rate. The mid-market exchange rate is the rate used when banks buy and sell currencies on global markets.
However, this rate isn’t always available to individual customers sending money abroad. Instead, providers often add a markup - an extra fee - to the exchange rate they offer customers. This pushes up the costs and makes it harder to see exactly what you’re paying for your international bank transfer.
A provider which uses the mid-market rate for international transfers from Switzerland to India is Wise. Right now, the mid-market rate for a Swiss Franc to Indian Rupee is 106.143.
The length of time it takes to transfer money to India depends on a variety of factors including the provider you use, how you’re paying, and how you want your recipient to get the money in the end.
From the providers that we display, the fastest international money transfer provider to India is Wise, which can deliver the money to your recipient in India in Instant-2 Days. The slowest provider to send CHF - INR is CurrencyFair, which takes 1-3 Days to send money to India.