Remittance Comparator

Wise typically offers the best exchange rates and transparent fees. For large amounts (₹5L+), bank wire with negotiated rates can be competitive. Always compare total amount received, not just the rate.

Wise: 1-2 business days. Remitly Express: minutes (premium price). Regular bank SWIFT: 2-5 days. ICICI/SBI NRE dedicated services: 1-3 days.

Outward remittances above ₹7L per year under LRS attract 20% TCS (effective FY 2023-24). This is refundable when you file your return but affects cash flow.

Inward remittances to NRE/NRO accounts have no limit. NRIs can repatriate up to $1 million per financial year from NRO accounts after tax compliance.

Yes. Wise is regulated by FCA (UK), FinCEN (US), and authorized in most countries. It holds funds separately from operating capital. Over 16 million users globally.

NRE (Non-Resident External): remittances credited here are fully repatriable, interest is tax-free in India. NRO (Non-Resident Ordinary): for Indian-source income, not fully repatriable without TDS.

Yes. UAE is the largest source of NRI remittances to India. Exchange houses (Al Ansari, LuLu) and banks offer competitive AED→INR rates. Compare with Wise for best value.

ID proof (passport), address proof, and purpose of remittance. For large amounts, source of funds documentation may be required. SWIFT transfers may need additional KYC.