Indian communities are spread globally, with one of the largest diasporas residing in the United Kingdom. The Indian population in the country is exceeding 1.8 million people, making it an integral part of the society. Undoubtedly, Indian culture, history, and traditions have enormously contributed to the international landscape of the UK.
The tight-knit Indian communities across the country cherish and celebrate Indian cultural heritage. For example, you can visit vibrant Diwali celebrations in Trafalgar Square or bustling South Asian markets in East London. The fusion of cultures is evident in everyday life, particularly regarding food. Dishes like tikka masala, butter chicken, chaat, and many more have become an essential part of the national diet, regardless of background.
British Indians are successful in various fields, including politics, business, academia, and the arts. To maintain strong ties with their ancestral homeland, Indians in the UK often support causes in India through charity and philanthropy. The exchange of financial support, as well as cultural and familial connections, remains a vital lifeline for many.
Just as India remains a cherished part of their identity, Indians in the UK continue to play a crucial role in cultural exchange, strengthening economic ties, and promoting understanding between the two nations. This connection emphasises the significance of efficient and reliable money transfer options to support their families and communities back in India.
In this article, we will explore how to send money to India from the UK, facilitating these important connections and addressing the needs of the Indian diaspora. Let's delve into various methods, considering the advantages and disadvantages of each. We will also share a tip on how to transfer money from the UK to India without charges. You will find this article useful if you want to learn about the best app to send money to India from the UK.
Bank transfers
When thinking about how to transfer money from the UK to India, a bank transfer is typically the first method that comes to mind. What are the pros and cons of sending money via a bank? Let's find out together, starting with the advantages of this method.
Safety and security
Bank transfers are generally considered safe and secure. Reputable banks have strict security measures in place to protect your funds.
Widely accepted
Bank transfers are widely accepted in India. Most individuals and businesses have bank accounts, making it a convenient method for recipients.
Reliable
Bank transfers are reliable and predictable. You can track the progress of your transfer.
Larger transfer limits
Typically, banks offer a pretty high maximum limit for money transfers from the UK to India. So, bank transfers may be a more practical option for larger transactions.
Regulated and compliant
Banks are regulated financial institutions, ensuring compliance with financial regulations and anti-money laundering (AML) laws.
As great as they sound, bank transfers have their disadvantages, too. Here are some of the major ones:
Fees
One of the significant drawbacks is fees. Banks often charge fees for international transfers, including fees on wire transfers and currency conversion.
Exchange rates
Less favourable exchange rates can result in your recipient getting fewer Indian Rupees for your Pounds. So, if you are looking for the best exchange rate to transfer money from the UK to India, you might need to seek other options.
Processing time
While generally reliable, bank transfers may not be the fastest option, at times taking several days to get delivered.
Hidden costs
On top of upfront fees, banks may apply hidden ones, which can reduce the amount your recipient gets.
Limited Hours
It is sometimes impossible to make a transfer outside of typical business hours.
Recipient's bank fees
The recipient's bank in India may also charge fees for receiving international transfers, which can reduce the final amount received even more.
Documentation and verification
Banks often require extensive documentation and verification, which can be frustrating and time-consuming.
Customer service
The quality of customer service at banks can vary. Receiving assistance with your transfer may not always be a smooth process.
Although reliable and trustworthy, a bank transfer may not always be the fastest or cheapest way to send money to India from the UK.
Cash transfer services
In the modern world, many would not consider a cash transfer service when wondering how to transfer money from the UK to India. However, this method still can be relevant to some. Let's look into the reasons why some might like cash transfers:
- Speed
Cash transfer services are pretty swift. Funds can usually be available for pickup in India on the same day.
- Easy to find
Services like this have a wide network of locations in both the UK and India.
- Accessibility
Are you wondering how to send money to India from the UK and avoid paperwork? Cash transfer services are accessible to those who may not have a bank account. One can simply visit an agent's location with proper identification.
Now, let's cover the downsides of sending funds using this method:
- Fees
Cash transfer services can charge both the sender and the recipient with high fees. If you want to experience the best money transfer to India from the UK, this may not be your first choice.
- Exchange rates
Just like with a bank transfer, this method generally would not offer a reasonable exchange rate.
- Limits
The maximum limit for money transfer from the UK to India is typically pretty low when you send money via cash transfer services.
- Security
When deciding how to send money to India from the UK, it is essential to remember that there have been frauds and scams related to cash transfers. So, make sure to use trusted providers.
With these pros and cons in mind, it is now up to you to decide whether you want to use a cash transfer service to transfer money. It would help to remember to stay careful and use trusted companies.
Crypto Transfers
A lot of people view crypto as an untrustworthy currency. Given the controversy and speculation around virtual money, it does not come as a surprise. For many, nevertheless, cryptocurrency has become a go-to way to transfer money. It goes without saying there are many risks connected to cryptocurrency, such as volatility, limited acceptance, as well as the learning curve that requires some technical knowledge some, especially elderly people, may not have. What's more, there are safety and security concerns added to the whole experience.
However, it is not all that bad. And with some advantages cryptocurrency has, it should be on your 'how to send money from India to the UK' option list. Here is why:
- Speed
Cryptocurrency transactions can be completed quickly, often within minutes.
Lower fees Compared to some traditional money transfer methods, fees and commissions for crypto transactions are typically lower. There may be better ways to send money to India from the UK, but it is definitely on the lower cost side.
Borderless
Cryptocurrencies are a borderless form of value transfer. This makes the process of making international remittances easier.
Profee money transfers
If you have made it to the end of the article and the question of how to transfer money from the UK to India has remained, we have good news for you! Now, you can support your family in India without worrying about the technical aspects of your remittances. Let us tell you more about Profee and why it is the best app to send money to India from the UK.
Beneficial terms
Would you like to know how to transfer money from the UK to India without charges? The answer is pretty straightforward—become a Profee client! With the frequent special offers, you can now send money to your family with zero fees. Visit the Profee website or download the app (available in AppStore and Google Play) to learn about the latest promotions.
Transparent transfers
Profee is affordable. Borders should not be an obstacle to your close relationships. Staying in touch with the ones you care about is a basic human need. That is why we at Profee provide you with the cheapest way to send money to India from the UK. They do not charge hidden fees and extra commissions. We are 100% dedicated to staying transparent with our customers.
Advanced solutions
Additionally, we developed our own smart monitoring system. This tool gives us the best exchange rate to transfer money from the UK to India. You will see upfront how much your recipient will get in Rupees.
Follow these steps to make your first online transfer with the best money transfer app from the UK to India:
Select India as your destination country and type in the transfer amount;
Create an account;
Pick a payment method;
You are all set!
To make sure you experience the best money transfer to India from the UK, we offer swift processing times for Profee transfers. What's more, we ensure complete security of your data and funds—because safety should always come first. Give Profee a try and make a transfer with the best money transfer app from the UK to India today!
