Woalet

India

Indian Rupee (INR)

Regulatory Information

Reserve Bank of India (RBI)

Payment Methods

  • +HDFC Bank Transfer
  • +ICIC Bank Transfer
  • +Axis Bank Transfer
  • +Google Pay
  • +PhonePe
  • +Paytm

Key Corridors

US → India

Very high volume, $1M+

UAE → India

Very high volume, $2M+

UK → India

High volume, $500k+

Singapore → India

Medium-high volume

Frequently Asked Questions

How do we pay an Indian supplier or IT vendor?

NEFT and RTGS direct to the beneficiary corporate account, with FIRC documentation for their filings.

Are there daily limits for inbound transfers?

No official daily limits. RBI checks for suspicious patterns. Regular transfers unrestricted.

How quickly do INR transfers arrive?

RTGS transfers 1-2 hours. Wallet transfers instant. NEFT transfers 2-4 hours.

Do you handle tax documentation?

Inbound remittances are typically not taxed. We document for recipient records.

What are typical fees for India transfers?

Usually $3-8 per transfer with competitive FX rates. Volume discounts available.