5 Different Ways to Send Money from the UK to India

Along with traditional money transfer options, there are now several modern alternatives for sending funds from the UK to India. Check out this post to know five such popular methods.

The UK is a popular destination among people looking for professional opportunities abroad. A common need for such immigrants is a fast and cost-efficient money transfer service with the help of which they can regularly send funds from the UK to India.

While traditional money transfer options are still very popular, they are quickly getting replaced with modern alternatives. If you are looking for ways to send funds to India from the UK, here are the top 5 options that you can consider-

1. Money Transfer Services

Several companies offer money transfer services from the UK to India. You can visit the closest branch of one such company in the UK for sending money to India. While this option is quick and secure as long as you are dealing with a reputed company, the exchange rates are generally not very competitive.

Moreover, some money transfer companies charge a fixed fee while others charge a percentage of the transfer amount. With the latter, the transfer fee can be very high if you are looking to send a large sum of money to India.

2. Personal Cheques

Another popular option for sending funds to India from the UK is through personal cheques. You can write a cheque in the name of the recipient and send the same to the recipient in India. The recipient can then deposit the cheque in their bank in India. However, note that not all banks accept a foreign cheque in India.

Also, this is generally a time-consuming process which can take at least a few working days as the bank first verifies the deposit. Some of the banks also require the recipient to pay a fixed fee for cashing foreign cheques.

3. International Money Orders

If you want to send funds to a remote place in India, you can also consider international money orders. The recipient can deposit the money order directly into their bank account or even cash the same at cheque cashing locations. This makes it an ideal choice in cases when the recipient in India does not have a bank account.

While international money orders are secure, the exchange rates are generally not, and the remittance takes typically around 3-10 days.

4. Wire Transfer

Wire transfer is currently the most popular way to send funds to India from the UK. It is an electronic fund transfer service which takes place between two financial entities like banks with the help of SWIFT network.

Many banks allow wire transfer service to India from many different international locations, and the recipient generally receives the funds within a few working days.

5. Online Money Transfer

If you are looking for a secure and quick money transfer service that offers competitive rates with zero hidden costs, online money transfer is the way to go. As compared to wire transfers and money transfer services, using online money transfer service to send money from UK to India is also cheaper.

Some of the banks offer same-day credit facility with online international transfers, and many of them also have mobile apps with features like transfer tracking for complete convenience.

Best Way to Send Funds to India from the UK?

As you can see, there are many different ways of sending money to India from the UK. While online money transfer proves to be the fastest and cheapest in most cases, you can browse through these options to select one that best suits your requirements.

Ensure that you always choose a reliable service for sending funds to India and avoid services that claim to offer exchange rates considerably higher than the options listed above. In most cases, such services have hidden fees and charges that can make the transfers very expensive.

"The contents of this article is meant merely for informational purpose. Any reliance placed on such information is therefore strictly at one’s own risk."

I am Reuben Williams. I am a professional writer. I would like to share my thought on financial sector.