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You Send They Receive

Includes Fee

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market FX rates sourced directly from Reuters and add absolutely no margins!
Fast & Easy Transfers
Sign up, verify your account and get transacting. The recipient typically gets the money in 1-2 business days.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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A Happy You! Is Why We Do What We Do
Transfer Money To India At Zero-Margin Rates
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Send Money to India

Being miles away from your family and friends in India is not easy, but InstaReM makes sure that sending money to your family and friends in India is easier. With InstaReM, everyone from individuals to SMEs to corporates can now transfer money to India cost-effectively from anywhere, anytime.

All you need to do to set up an overseas transfer is follow our 3-step process and we take care of the rest. We offer you Zero-Margin FX rates: mid-market rates directly sourced from Reuters with absolutely no margins added, apply a nominal fee to cover the cost of processing your transaction, and pay out to your recipient from our local bank account in India. InstaReM provides seamless money transfers to anywhere in India. You get to know the exact amount your recipient will get when you set up your transfer.

At InstaReM, we value your money and keep your transactions free from sneaky markups on exchange rates and stealthy hidden charges. World Bank has ranked us No. 1 cost-effective money remittance platform from Australia and Singapore to India and several other countries across the globe. To get started with your first money transfer to India, click here.

Frequently Asked Questions
    • Is it safe to send money to India through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud, and money laundering.
    • How much does it cost to send money to India through InstaReM? InstaReM uses rates directly sourced from Reuters to transfer your money. There are no added margins. InstaReM charges a small percentage of the amount sent as a fee. For payments from AUD to INR and HKD to INR, the fee is 0.5%. For payments from SGD to INR, the fee is 0.25%, and for payments from MYR to INR, the fee is 0.60%. Please note: fees are subject to change at anytime.
    • How much time does it take to send money to India through InstaReM? InstaReM typically makes same or next-business-day transfers. You will receive email notifications as your money transfer progresses through our system. You can also track your transfer on the InstaReM website. However, some factors that can potentially slow down your payment processing are:
      1. Additional information required by InstaReM or recipient bank or financial institution for your security and per regulatory adherence
      2. Payment processing / verifying your bank account
      3. Branch location hours / delivery hours / holidays
      4. Erroneous recipient details
      Please note that the transfer time may also be affected by banking systems and holidays in both sending and receiving countries. You can review international holidays here.
    • Which Indian banks are covered by InstaReM? InstaReM covers all major banks in India, including State Bank Of India (SBI), ICICI Bank, Kotak Bank, Yes Bank, Canara Bank, HDFC Bank, Axis Bank and Bank Of Baroda and Co-operative Banks, among many others.
    • What details are required to send money to India? You need the beneficiary’s full name, residential address, beneficiary’s account number and IFSC code to make a transfer to India.
    • What is an IFSC Code? Indian Financial System Code, better known as IFSC, is an alphanumeric code that is used to identify a particular branch of an Indian bank where an INR account is held.  The IFSC code is used by the NEFT, RTGS and IMPS finance transfer systems in India. You can find your IFSC code here.
    • Can I send money to the bank account of a business based in India through InstaReM? Yes. You can use InstaReM for business transfers to India.
    • What are the minimum and maximum limits on sending money to India through InstaReM? As per current regulations in India, the below are the inward remittance limits for sending money to individuals and businesses in India:
      Individuals: No limit for sending money to individuals.
      Corporates: Limit is set at 1,500,000 INR per day, per business.
      Besides the above limits on inward remittances to India, regulators in different sending countries may also impose limits on outward flow of remittances. InstaReM might also have limits. You can find details on remittance limits in your country of interest here. Please note these limits are subject to change at any time
    • Which currencies are available in India for payout? We make payouts in INR and USD only.
    • For what purposes can I send money to India through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in India from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
      1. Family maintenance
      2. Gift to family or friends
      3. Credit into the user's non-resident deposit accounts in India
      4. Payments towards tuition/ hostel fees
      5. Travel services
      6. Home loan repayment (extended by banks)
      7. Insurance premium
      8. Purchase of permissible real estate
      *InstaReM does not support payments for FDI (Foreign Direct Investment) purposes. As per RBI (Reserve Bank of India) guidelines, payments for FDI purposes are allowed only through banking channels.
    • Does InstaReM support transfers to an email address of a recipient based in India? No. InstaReM does not support transfers to an email address in India.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America