Send Money to India from UAE at Best Exchange Rates

Highest remittance rate for converting 1 AED to INR = 19.44

Best Way to Transfer Money from Dubai to India

If you are NRI sending money to India, then you are amongst the millions of migrants who send billions of Dirham every year to India. India is the world’s largest remittance recipient with approximately $80 billion sent to India in the year 2018, says World Bank. This is over 12 % share of the world remittances. India has experienced continuous growth in remittances since 2009. India has registered a significant flow of remittance from USD 62.7 billion in 2016 to USD 65.3 billion in 2017. "Online money transfer to India" helps it to hold its position in being number 1 remittance recipient which constituted 2.7 per cent of GDP. The UAE, which is a host of more than 3 million NRIs share total remittance of 26.9 per cent followed by the USA.

In this page, we have compared the “Top 6 money transfer services from the UAE to India”. 

Please find below the list of companies in sorted order which provides the best money transfer services are the "cheapest way to send money from UAE to India" with the highest exchange rates and low fee.

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Country Guide - India

19.55

Mid Market Rate

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19.55

Mid Market Rate

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Currencies:
AED-INR AED-USD
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee ₹ 0) د.إ 500
Receiving Amount
₹ 9719.3
Realized Exchange Rate
19.44
currencyfair AED to INR Exchange Rate
19.4386
Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from UAE to India for sending amount 500. Today’s Currencyfair exchange rate for sending money from AED to INR is 19.4386 with a ₹ 0 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 19.44. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee د.إ 0) د.إ 500
Receiving Amount
₹ 9705
Realized Exchange Rate
19.41
remitmoney AED to INR Exchange Rate
19.41
0.15% vs Best Value

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Transfer Time : Same Day
Remitmoney is a one of the safest & leading money transfer service provider for sending money from UAE to India for sending amount 500. Today’s Remitmoney exchange rate for sending money from AED to INR is 19.41 with a د.إ 0 fee. Based on the Exchange Rate IQ calculations it offers 0.15% less than the best value for your money transfer. The realized exchange rate after considering the fees is 19.41. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitmoney partner locations. The transfer time usually range between Same Day. For more detailed review of Remitmoney click here
Pay-In
Pay-Out
You Pay (Includes Fee د.إ 3) د.إ 503
Receiving Amount
₹ 9655
Realized Exchange Rate
19.19
yesremit AED to INR Exchange Rate
19.31
1.29% vs Best Value

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Transfer Time : 2-3 Days
Yesremit is a one of the safest & leading money transfer service provider for sending money from UAE to India for sending amount 500. Today’s Yesremit exchange rate for sending money from AED to INR is 19.31 with a د.إ 3 fee. Based on the Exchange Rate IQ calculations it offers 1.29% less than the best value for your money transfer. The realized exchange rate after considering the fees is 19.19. The pay in options available are Bank, also you can receive money using Bank, at multiple Yesremit partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Yesremit click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(yesremit / Realized)

Receiving Amount
(Receiving Amount)

د.إ 500
Pay-In :
16.97 / 16.97
2-3 Days
₹ 8485
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee د.إ 15) د.إ 515
Receiving Amount
₹ 9760
Realized Exchange Rate
18.95
icici AED to INR Exchange Rate
19.52
2.52% vs Best Value

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Transfer Time : 2-3 Days
Icici is a one of the safest & leading money transfer service provider for sending money from UAE to India for sending amount 500. Today’s Icici exchange rate for sending money from AED to INR is 19.52 with a د.إ 15 fee. Based on the Exchange Rate IQ calculations it offers 2.52% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.95. The pay in options available are Bank, also you can receive money using Bank, Cashcard, at multiple Icici partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Icici click here
Pay-In
Pay-Out
You Pay (Includes Fee د.إ 0) د.إ 500
Receiving Amount
₹ 8508.45
Realized Exchange Rate
17.02
ofx AED to INR Exchange Rate
17.0169
12.45% vs Best Value

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Transfer Time :
Ofx is a one of the safest & leading money transfer service provider for sending money from UAE to India for sending amount 500. Today’s Ofx exchange rate for sending money from AED to INR is 17.0169 with a د.إ 0 fee. Based on the Exchange Rate IQ calculations it offers 12.45% less than the best value for your money transfer. The realized exchange rate after considering the fees is 17.02. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between . For more detailed review of Ofx click here

More Available Options

You can check rates of some more providers that may support your country
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

AED to INR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from UAE to India after comparison?
  • With our real-time comparison on sending money from UAE to India ,
      we have found Currencyfair remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Currencyfair, 19.44 ) ( Remitmoney, 19.41 ) ( Yesremit, 19.19 ) .
  • To remit money in the bank account of India, best companies is ( Currencyfair, 19.44 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Remitmoney, Ofx money transfer services.
  • For quick money transfer from UAE to India with agent service is Ofx with exchange rate 17.02.
  • Available pay in when sending money from UAE to India Bank.
  • Available pay out when sending money from UAE to India Bank, Cashcard.
  • Other options to transfer money from UAE to India are Westernunion, Xendpay, Travelex, Moneygram .
  • The comparison result was last updated on Nov 23, 2019.
  • For the latest comparison result of UAE to India, Please visit ExchangeRate IQ regularly.

How to find the best money transfer to India from UAE

UAE to India money transfer is not the most competitive corridor as even being the largest source of remittance to India. A lot of banks and a few money remittance companies are offering these services which offer multiple offers to provide a discount and best exchange rates. The major question arises that after seeing competitive exchange rates is which company you should pick to transfer funds from UAE to India.

A lot of banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are few base points which you should consider before transferring Dirham to Rupees:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use CurrencyFair Money transfer, which mostly provides instant transfer through multiple modes. While, if you have no emergency, then you can use services of XE Money, Kotak Click2Remit and Remit Money by Axis Bank, which will deliver money in 3-5 working days.
  1. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, XE Money provides mid-market exchange rates with no transfer fee, whereas, other companies offer live exchange rates with minimum margin and transfer fee. In CurrencyFair, you can choose your own rates and exchange immediately at excellent exchange rates.
  1. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, watch out that you will not end up paying more than you should.
  1. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. CurrencyFair, XE Money, Kotak Click2Remit, OFX money transfer, and XendPay are offering their mobile apps.

The best services for Money Transfer to India from Dubai as per ERIQ

We tried to transfer funds from UAE to India using multiple transfer service providers and came up with some of the top companies which are trusted, cost-efficient, offer good transfer speed and convenient.

Best Money Transfer Company for cash transfer to India

RemitMoney by Axis Bank has beaten Western Union in providing the fast cash transfer services to India. It can provide transfers within hours at multiple locations through its bank branches and provide quick pick-up as well as account deposits.

Best Money transfer Company with most locations in India

Western Union has thousands of locations across India, though it is not the cheapest, it provides easy access to people at small districts and towns also.

Best Money Transfer Company to provide Airtime in India

WorldRemit has covered India from Kashmir to Kanyakumari and therefore, it offers airtime services in most of the popular networks of India which offers instant transfers.

Money Transfer Company with the best exchange rates from UAE to India

CurrencyFair offers the best exchange rates from UAE to India where users can use the rates offered by the company or can set their own rate and when any other person is transferring money in the opposite route has exact rates, then they transferred money.

How to send money to India?

It is a simple method where you need to provide few details of yours as well as of recipient and the amount will be delivered within hours of days.

  1. Register yourself: Pick the company through which you want to send money to India and register yourself by your mail ID, phone number, account details and identity proof.
  2. Send to whom? You need to provide the details of the recipient, account number, phone number and address
  3. Amount: After the completion of the registration process, enter the amount you wish to send to India to your recipient and submit.
  4. Complete transfer: After checking all the details again, submit the transfer and your amount will be received by the recipient soon.

In this process, you can also check the transaction processing by tracking it at your dashboard.

Banks Vs Money Transfer Companies

Many major banks of India are offering their services abroad so that one can “send money to India from UAE”. However, they charge much higher fees as well as mid-market prices from the users compared to the money transfer companies and this leads to the expensive transfer process. On the other hand, money transfer companies provide cheaper transfers and good exchange rates.

Banks are the most trusted platforms by the users while money transfer companies are not that much trusted. Although, there are many reputable money transfer companies which you can use to transfer funds to India.

FAQ's

How long does an international money transfer to India from UAE take?

Most take three to five working days, although some services can transfer funds in a couple of hours. For example, Remit Money powered by Axis Bank offers same day transfers, while CurrencyFair transfers it in 1-2 days. Besides this, money order, cheque and demand draft can even take up to two weeks. So, before sending funds, you must always check the time taken in the transaction with the transferring company.
Discuss this question

Can I transfer money from UAE to India through my bank?

Yes, most banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. A lot of Indian banks like ICICI, SBI, Axis, Kotak, and YES Bank also offer online remittance services. Many remittance companies such as CurrencyFair, XE Money Transfer, MoneyGram also offers bank account to bank account fund transfer, which is way much cheaper than that of banks.
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What are the multiple ways to transfer money from UAE to India?

One can transfer and receive funds to India in multiple modes including bank transfer, cash pick-up, demand draft transfer, foreign currency cheque, wire transfer, mobile top-up and online transfer.
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Why do money transfer companies offer different exchange rates for India?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, inter-bank changes as well as commission from the exchange rates. Therefore, all the companies have different exchange rates which depends on their business criteria.
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Can I transfer money from UAE to an account in another name to India?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to India online you will have to add the bank accounts of the receiving party. It could be your NRI/NRO account or someone in your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.
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Are money transfers regulated in UAE?

The transfers from UAE are free from any restrictions and Dubai Financial Services Authority (DFSA) has imposed very light restrictions or regulations on amounts of less than AED 100,000. From January 2018, the government of UAE began imposing a VAT on remittances to diversify its revenue streams and stop relying only on oil production as its primary income.
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Historical Mid Market Exchange Rate From United Arab Emirates Dirham (AED) to Indian Rupee (INR) (Weekly)

Current Exchange Rate(Mid Market) :- 19.55 INR/AED

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion AED To INR

Send United Arab Emirates Dirham To INDIA Receive Indian Rupee
1 AED TO INR 19.55
50 AED TO INR 977.5
100 AED TO INR 1955
250 AED TO INR 4887.5
500 AED TO INR 9775
1000 AED TO INR 19550
5000 AED TO INR 97750
10000 AED TO INR 195500
Send Indian Rupee Receive United Arab Emirates Dirham From INDIA
1 INR FROM AED 0.05
50 INR FROM AED 2.56
100 INR FROM AED 5.12
250 INR FROM AED 12.79
500 INR FROM AED 25.58
1000 INR FROM AED 51.15
5000 INR FROM AED 255.75
10000 INR FROM AED 511.51

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