Best Ways to Send Money to a Bank Account in India – Complete Guide 2025

Whether you are an NRI, supporting your family, or handling business transactions, sending money to a bank account in India has never been easier, but there are important details you need to know. Here is a complete guide to help you send money quickly, securely, and cost-effectively—without unpleasant surprises.

What Are the Available Methods to Send Money to India?

Transfers via Electronic Money Transfer Services

These digital platforms have become the preferred choice for many due to:

• Speed: Transfers complete within minutes or up to 2 days at most.

• Transparency: Clear fees and competitive exchange rates.

• Ease: You can send via the app using the recipient's name, account number, and IFSC code.

Traditional Bank Wire Transfers (SWIFT)

A secure and well-known method, but:

• Takes between 1 to 5 business days.

• Often carries higher fees.

• Requires detailed information like the recipient’s name, account, SWIFT code, and sometimes a branch visit.

Paper Money Orders (International Demand Drafts/Checks)

Although rare today, they remain an option when internet access is unavailable. However, they are slow (up to 21 days) and less flexible.

International Transfers via UPI

India has started supporting transfers via the UPI system in countries like Singapore, meaning:

• Instant transfers.

• Very low cost.

• Ease of sending to a phone number or UPI ID.

Steps to Send Money: What Should You Prepare?

1. Choose the right service: Compare speed, fees, exchange rates, and customer support.

2. Collect recipient details: Full name, account number, IFSC code, and sometimes address and phone number.

3. Verify your identity: For compliance, you will need a passport or official ID proof.

4. Specify the transfer purpose: Such as “family support,” “tuition fees,” or “medical treatment”—required by Indian regulations.

5. Pay for the transfer: You can pay via your bank account, card, or cash at some agents.

6. Track the transfer: Most services provide a tracking number or instant notifications.

Fees, Exchange Rates, and Regulatory Limits

• Fees: Vary by service and payment method. Some platforms advertise “no fees” but offset this with exchange rates.

• Exchange Rate: Always compare the offered rate with the official mid-market rate.

• Limits:
  • No more than 30 transfers per year via MTSS.
  • Maximum per transfer is $2,500.
  • Additional documents may be required for large amounts

Additional Factors to Consider

• Security: Use only trusted platforms, checking for encryption and fraud protection.

• Speed: Varies by provider; some are instant, others take days.

• Customer Support: Ensure responsive support if issues arise.

• Legal Compliance: Certain transfers (e.g., for property purchases or investments) may require special approvals.

Why Do Customers Choose TOWB for Sending Money to India?

After exploring the different options, you may wonder: What sets TOWB apart from other providers?

TOWB is not just a money transfer platform—it is an experience designed to make every transfer faster, clearer, safer, and competitively priced without surprises.

Here’s what makes TOWB different:

• Ultra-fast processing, enabling transfers within minutes to Indian bank accounts.
• Transparent exchange rates, with no hidden fees or deductions from the recipient.
• Professional multilingual customer support, 24/7.
• User-friendly interface via app or web.
• Strict compliance with Indian and international regulations to protect your money and ensure safe transfers.

Whether you are sending to loved ones, paying for education, or managing cross-border business, TOWB gives you peace of mind with every transfer.

🎯Start your transfer with TOWB now—where speed, security, and transparency come together in one place.