Question 1

What is the best way to send money from UK to India?

Accepted Answer

Today, ICICI Bank delivers the highest amount — ₹1,28,411 for every £1,000 sent, at a rate of 128.5400 INR per GBP. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's GBP to INR exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 GBP = 128.6720 INR. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send £1,000 to India?

Accepted Answer

Costs vary significantly. The best provider (ICICI Bank) gives you ₹1,28,411 after fees. The worst (Santander UK) only gives you ₹1,21,474. That's a difference of ₹6,938 on a single £1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. ICICI Bank typically completes in 1–3 days. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to India?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 ICICI BankBest value	GBP 1.00	128.54	₹1,28,411	1–3 days	Send
2 Remitly	GBP 1.99	128.53	₹1,28,274	Minutes	Send
3 Skrill	Free	128.21	₹1,28,206	Same day	Send
4 Western Union	GBP 1.99	128.40	₹1,28,147	Minutes	Send
5 WorldRemit	Free	128.10	₹1,28,102	Same day	Send
6 Instarem	Free	128.08	₹1,28,077	Same day	Send
7 State Bank of India	Free	128.00	₹1,28,000	1–2 days	Send
8 Wise	GBP 5.68	128.67	₹1,27,941	Within hours	Send
9 Xoom	Free	127.48	₹1,27,482	Minutes	Send
10 HSBC	Free	127.43	₹1,27,433	1–3 days	Send
11 RBS	Free	125.60	₹1,25,596	1–3 days	Send
12 NatWest	Free	125.60	₹1,25,596	1–3 days	Send
13 Barclays	Free	125.02	₹1,25,017	1–3 days	Send
14 Monese	GBP 30.00	128.40	₹1,24,551	1–3 days	Send
15 Nationwide	GBP 15.00	125.92	₹1,24,033	1–3 days	Send
16 OFX	GBP 7.00	124.17	₹1,23,305	1–2 days	Send
17 Halifax	GBP 9.50	123.99	₹1,22,812	1–3 days	Send
18 Lloyds	GBP 9.50	123.86	₹1,22,685	1–3 days	Send
19 Santander UK	GBP 25.00	124.59	₹1,21,474	1–3 days	Send

Send Money from UK to India — Best GBP/INR Rates

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