Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Fxkart international money transfers

Send money abroad at competitive rates using FxKart international money transfers

FxKart is an Indian foreign exchange aggregator offering forex services across the country. It started operations in 2015 and currently has tie-ups with more than 200+ RBI-licensed forex providers across India. For international money transfers, after you place your order on FxKart’s website, the forex providers bid with their lowest rates (within a five-minute window) to win your order. FxKart displays a list of all the providers in your city, allowing you to choose the best exchange rate possible.

FxKart foreign exchange rates

FxKart displays the foreign exchange rates, for the 17 currencies you can transfer overseas, on its website and these are updated in real time. For indicative purposes, we have listed its rates as on 15 May 2018.

Currency codeCurrencyTelegraphic transfer (TT) selling

(outward remittance)

AEDUAE dirham18.6212
AUDAustralian dollar50.9296
CADCanadian dollar52.9387
CHFSwiss franc67.9831
DKKDanish krone10.9165
GBPGreat Britain pound91.9042
HKDHong Kong dollar8.7554
JPYJapanese Yen0.6279
NOKNorwegian kroner8.6604
NZDNew Zealand dollar46.926
SARSaudi riyal18.2395
SEKSwedish kroner7.8964
SGDSingapore dollar50.8365
THBThai baht2.1968
USDUnited States dollar68.14
ZARSouth African rand5.5202

Keep in mind that the rates displayed do not take into account the transfer fees and the fees that the beneficiary bank will charge for the transfer.

Back to top

How much does it cost to transfer money with FxKart?

FxKart charges a flat transfer fee of INR1,500 for each money transfer. The sender also has to pay Goods and Services Tax (GST) as per Indian tax laws.

Screenshot 2018-05-03 19.15.08

Screenshot of remitter details form at FxKart

Back to top

Minimum transfer amount and available countries

There is no minimum amount that you need to transfer using FxKart. However, before initiating any transfer, you should know the Indian regulations that govern international money transfers. Indian nationals can transfer a maximum of US$250,000 or its equivalent in a single Indian financial year.

You can make overseas money transfers to bank accounts in the following countries using FxKart:

  • Australia
  • Canada
  • Denmark
  • Eurozone countries
  • Hong Kong
  • Japan
  • New Zealand
  • Norway
  • Saudi Arabia
  • Singapore
  • South Africa
  • Sweden

Contact FxKart’s customer support if you are looking to make an overseas money transfer to a destination not in the above list.

What types of transfers can you carry out with FxKart?

  • Wire transfers. You can transfer money in the form of a wire transfer (TT/Swift Transfer) to bank accounts in different countries across the world using FxKart.

The registration and transfer process

You need to have an FxKart account to make an overseas money transfer. The steps are:

  • Step 1. Create your remittance request by selecting the currency and amount you are looking to transfer. You also need to select the purpose (overseas education, medical remittance or tour payment).
  • Step 2. Create an account by entering your name, email address, mobile number and password.
  • Step 3. After logging into your account, the next screen will show the tentative payable amount, then you’ll need to fill in your details, such as name, passport number, Permanent Account Number (PAN), Aadhaar number, etc.
  • Step 4. Upload soft copies of your Know Your Customer (KYC) documents for verification.
  • Step 5. Fill in the beneficiary details, including SWIFT code.
  • Step 6. Select the forex provider of your preference from the list displayed on the next screen.
  • Step 7. You can choose to pay either the full amount now by National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS)or Real Time Gross Settlement (RTGS) transfer. Alternately you can block the order by paying a certain amount by NEFT/RTGS/IMPS transfer.
  • Step 8. Submit the money transfer request.

The money is usually credited to your beneficiary’s bank account within two working days.

Customer service

You can contact FxKart customer service over email or over the phone. You can also use FxKart’s Android app to get in touch.

Back to top

Pros and cons of using FxKart


  • No minimum amount.
  • Flat transfer fee of INR1,500.
  • Entire wire transfer process can be completed online without going to a forex provider in person.


  • Not all currencies are supported. If you need to make an overseas remittance in an exotic currency, you may have to use another provider.
  • Only Indian nationals can use FxKart.
Back to top

What other products and services does FxKart offer?

  • Buying and selling foreign currency. FxKart can buy and sell foreign currency notes.
  • Forex travel card. FxKart can issue prepaid forex travel cards in 16 currencies.

How does FxKart compare to other providers?

Our table below shows you the exchange rate and fees of other money transfer specialists.

Name Product Minimum Transfer Transfer Time Transfer Fee
Wise (TransferWise)
1-2 days
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
INR 80
1 day
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
INR 4,000
1-2 days
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.

Compare up to 4 providers

Frequently asked questions about FxKart

A final word

FxKart is a convenient online option for remitting money overseas from India. Being an aggregator of forex providers, it may be a cost-effective service for overseas money transfers. However, you should check the current foreign exchange rates offered on the FxKart website before transferring any money.

Image: FxKart

More guides on Finder

  • IG review: Trade forex and CFDs with a global broker

    IG forex trading offers tight spreads from 0.6 pips, fast order execution and access to more than 50 currency pairs.

  • Airtel Payments Bank review

    This article provides a complete overview of the Airtel Payments Bank account. Read all about its features, fees, drawbacks, and how to open an account.

  • Banks with Google Pay in India

    This article provides a complete list of the banks that support Google Pay in India, plus how to set up the digital wallet in your device.

  • Gold loans online

    Unlock fast cash with your idle gold at the comfort of your home. Find out how to apply for a gold loan online and what to look out for.

  • Digibank by DBS review

    Enjoy hassle-free digital banking facilities, including instant onboarding, fee-free remittance, cashless payments and more with digibank by DBS.

  • Payzello review

    From expense tracking to bill splitting, Payzello’s mobile banking app is designed to help streamline your finance management.

  • How to buy Robinhood stock from India

    Robinhood is expected to go public, here’s what you need to know if you’re looking to buy in from India.

  • India Remittance Statistics

    India receives nearly $70 billion worth in remittances. But where is all that money coming from? Finder digs into World Bank data to find out.

  • How to do technical analysis and read the cryptocurrency market

    There’s much to gain and lose in the volatile cryptocurrency market. If you want to make the best decisions, then you need to understand how to do a technical analysis. This guide from finder will tell you everything you need to know.

  • Springtek discount codes and coupons October 2021

    Springtek offers a range of mattresses to suit all comfort and style preferences. Choose from pocket spring, HR foam, orthopedic or 100% pure latex for your next affordable bed.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site