Here is some information for sending money to India:


Currency

Service

Fee

Transaction Limit

Estimated Arrival Time

INR

Bank Transfer - Instant Speed

IDR 65,000

INR 500 - INR 500,000

25 minutes for payments before 16:00 (GMT+7)

INR

Bank Transfer - Normal Speed

IDR 45,000

INR 500 - INR 1,500,000 (for C2B/B2C/B2B or Trade transactions)


INR 500 - INR 4,000,000 (for C2C or non-trade transactions)

same banking day for payments before 13:00 (GMT+7)

INR

Cash Pickup

IDR 75,000

INR 500 - INR 50,000

15 minutes for payments before 16:00 (GMT+7)

USD

SWIFT

IDR 75,000 + IDR 330,000 (correspondent bank fee)

USD 5 - USD 100,000

1 banking day for payments before 10:00 (GMT+7)


Can I send more than the transaction limit in a day?
Yes, you can. If you send more than the limit, we will require some supporting documents from you to verify the purpose of your transaction.


Please take note that you can send up to INR 150,000 per day for Cash Pickup INR service.



Things to note before sending money to India

  • For trade-purpose transactions (C2B/B2C/B2B transactions):

  • A trade-purpose transaction is a transaction made for Purchase Goods & Services or Shipping Fee purposes.
  • The maximum amount per transaction or invoice is INR 1,500,000.

  • You will need an FIRC document for every trade-purpose transactions. What is FIRC?

  • For non-trade transactions (C2C), the maximum amount you can send is INR 4,000,000 per transaction.

  • Based on the Foreign Contribution (Regulation) Act (FCRA), transactions to Non-Governmental Organizations (NGOs) or Non-Profit Organizations (NPOs) can only be processed if the organization holds the FCRA license.

  • The IFSC code or Bank Branch code must match with the recipient account.

  • The name has to be Alphabetical, not in Hindi and should not consist of any special character like comma “,” or period “.“


What are Trade-purpose transactions?

Trade-purpose transactions are transactions made for C2B/B2C/B2B. 

Example:

  • If you are an individual sending money to your relatives in India, your transaction is a C2C one.

  • If you are an individual paying a business entity for purchasing goods or services, your transaction is a C2B one.

  • If you use a Topremit for Business account to disburse payroll to your remote worker in India, your transaction is a B2C one.

  • If you use a Topremit for Business account to pay the shipping fee charged by your business partner, your transaction is a B2B one.


Below is the complete list of Trade and non-Trade transactions, based on the relationship between you and your beneficiary:

Type

Relationship

C2C (Customer-to-Customer, Non-Trade)

Husband / Wife

Children

Parent

Sibling / brother / sister

Relative / Sibling

Myself

Friend

C2B (Customer-to-Business, Trade)

Business partner

Customer

Branch / Representative office

Subsidiary / Affiliate company

Holding / Parent company

Supplier

Franchisee/Franchisor

Non Related

B2C (Business-to-Customer, Trade)

Business partner

Customer

Employee

Supplier

Franchisee/Franchisor

Non Related

B2B (Business-to-Business Trade)

Business partner

Customer

Branch / Representative office

Subsidiary / Affiliate company

Holding / Parent company

Supplier

Franchisee/Franchisor

Non Related

Sister Company



Additional Information
- For SWIFT (USD):

  • Make sure that your recipient’s bank account currency is in USD.

  • Make sure that you already have your recipient’s IBAN (if any) and SWIFT Code, as they are required for transactions via SWIFT.
    -     What is IBAN?
    - What is SWIFT Code?

  • The recipient's full name registered in the bank account must be in alphabet letters, including numbers if any (example: VentureTech 365 Ltd).

  • Some recipient banks might charge a fee which will deduct the amount received.