Send Money to South Asia Securely

Sending an affordable money transfer to South Asia is easy — you just need to find the right company to handle the transaction.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the UK to South Asia doesn’t have to be expensive. Compare the transfer fees and exchange rates to you to get the best deal.

Send money South Asia with Azimo

  • Make the first THREE transfers for free using code AZ-FIND
  • Send money to bank accounts, phones or cash pick-up locations
  • Most transfers take less than a day
  • Send money to 195 countries in 60 different currencies
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Compare International Money Transfers

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 2 days GBP 0.00 87.59 INR
437,949
Transfer money at the mid-market rate with no nasty surprises and excellent customer support. Go to site Show details
GBP 3,000 1 day GBP 0.00 87.696 INR
438,478
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 50 2 days GBP 2.99 87.502 INR
437,246
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details
GBP 2,500 1 day GBP 0.00 87.678 INR
438,390
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
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Banks versus money transfer services

The first place many people go when they need to send an international money transfer is to their bank. While banks can certainly send money overseas for you, their fees are often higher compared to companies that specialize in international money transfers. These money transfer companies focus on international transactions and can offer much better exchange rates than most major banks.

Some simple research reveals that you can save a whole lot of money by using a transfer company that focuses solely on moving money internationally. With lower fees and higher exchange rates than the banks, these providers offer secure and reliable transfers that result in a better deal for you and for your beneficiary.

Case Study: Raghav Sends Money to India

Raghav is working in the banking industry in London and has plans to settle in London. In the meantime, he is working as hard as he can to save money not only for his own future but also to provide for his parents back home in Mumbai. Raghav wants to send £1,000 to his parents to provide financial support, but rather than accept the ordinary exchange rate offered by his bank, he compares two money transfer companies to see if they can offer him a better value for his money.

Money transfer company 1 Money transfer company 2
Exchange rate $1 GBP = $79.288 INR $1 GBP = $80.514 INR
Transfer fee $5 $4
Transfer method Bank account deposit Bank account deposit
Processing time 3-4 business days 1-2 business days
Amount received (in INR) $79,288 INR $80,514 INR

As you can see, not only does the second transfer company offer quicker transfers but it also allows Raghav to send an additional $1,226 rupees to his parents.

How to compare transfer companies when sending money to South Asia

  • Exchange rates. The exchange rate has a huge bearing on how much money your beneficiary receives, so look for a company that consistently offers the best rates.
  • Fees. Transfer fees can turn affordable transactions into expensive ones, so make sure you’re fully aware of any fees that will apply to your transaction.
  • Transfer methods. Are there multiple ways you can make a transfer, or can you only send your money online or by visiting a branch?
  • Transfer options. Does the company offer convenient transfer options, such as allowing you to schedule recurring transactions?
  • Turnaround time. Transfer times vary from instant to multiple business days, so you should always check how long it will take for the funds to arrive to your beneficiary.
  • Minimum amount. Check to see whether any minimum or maximum transfer limits apply and whether they will affect your transactions.
  • Pickup methods. Some companies offer cash pickup only; others also offer bank deposits, mobile recharges, and more.
  • Customer service. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
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Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

How to send money to South Asia from the UK

  • Bank transfers. Bank-to-bank transfers are a safe but costly transfer method.
  • Online money transfer providers. Companies such as WorldRemit and OFX offer this option.
  • Money transfer companies with cash pickup options. MoneyGram and Western Union are two trusted transfer providers that allow cash pickup.
  • PayPal. You can use your PayPal account to send money transfers around the world.
  • Checks. Speak to your bank about how to obtain an international check.
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Emergency cash transfers in South Asia

When you need to send money to South Asia urgently, there are multiple companies that allow you to send instant transfers around the world. However, it’s worth pointing out that you will usually have to pay more for emergency transfers than you would for a regular transfer that might take days. Lower exchange rates and high fees should be expected with these types of transactions, so make sure that you know exactly how much a transfer will cost before you part with your money.

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Cash pickup locations in South Asia — Western Union / MoneyGram / Ria

Western Union, MoneyGram, and Ria offer fast transfers and allow your beneficiary to collect the cash you send from pickup locations throughout South Asia. Just be sure to pass the transaction reference number on to your beneficiary and tell them to bring a photo ID when they go to collect the funds. Some popular cash pickup locations are listed below.

India – Western Union

MoneyGramCanara Bank

Opp Fort Mkt

309 Shahid Bhagat Singh Rd Ballard Est

Mumbai, Maharashtra 400038

+91-22-22614735

Open 10am to 3:30pm Monday to Saturday

Canara Bank

August Kranti Marg Kemps Corner

Mumbai, Maharashtra 400036

+91-22-23889140

Open 10am to 3:30pm Monday to Saturday

PNB – Bombay Bazar

Bombay Bazar Meerut

Meerut, 250001

01212667432

Open 10am to 4pm Monday to Friday, 10am to 1pm Saturday

State Bank of Hyderabad

Kalina Kurla Road

Near Forbes Gokak Ltd

Mumbai, 400029

02226121124

Open 10:30am to 4pm Monday to Friday, 10:30am to 1pm Saturday

India – Ria

Abhyudaya Co-Operative Bank Ltd – Xpress Money

Madhuram Hall, Harishankar ,Joshi Road, Near DahiMumbai MH

Opening hours not currently available

Abhyudaya Co-Operative Bank Ltd – Xpress Money

Shraddha Shopping Centre, Old Nagardas Road, Andhe

Mumbai MH

Opening hours not currently available

Bangladesh – Western Union

MoneyGramAl Arafah Islami Bank Limited

New Elephant Road Branch

91 New Elephant Road

Dhaka, Dhaka 1219

+880-29665323

Open 9am to 5pm Saturday to Thursday

Al Arafah Islami Bank Limited

Nawabpur Road Branch

85 87 Nawabpur Road

Dhaka, Dhaka 1400

+880-27110708

Open 9am to 5pm Saturday to Thursday

JBL

Dhaka Medical College Hospital

Shantinagar Tso, 1217

28626851

Open 10am to 6pm Sunday to Thursday

Southeast Bank Limited

Adel Complex Islampur Rd

Dhaka,

21755594189

Open 10am to 4pm Sunday to Thursday

Bangladesh – Ria

Ria does not have any locations in Dhaka, Bangladesh

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Tips for picking up cash in South Asia

  • Only visit cash pickup locations in safe areas.
  • Don’t pick up cash alone – take a friend along.
  • Keep your cash hidden and avoid waving it around in public.
  • Avoid any high-crime areas.
  • Put the cash into your bank account or even into your hotel safe rather than carrying it around.
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How do I send money to South Asia?

In order to send an international money transfer to South Asia you will need to provide the following:

  • Your name, residential address, and contact details.
  • A valid form of photo ID, such as a driver’s license or passport.
  • Your recipient’s name and contact information.
  • Transaction details: where you are sending the money, how much you’re sending, and in what currency the funds will be transferred
  • If you are not using cash for this transaction, you will need to provide your banking info in order to have funds drafted from your account.
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