How to send money from india to russia
How to send money from india to russia
How to send money from india to russia
Send Money from India to Russia Easily!
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Compare bids from your nearest exchange houses & banks and book online
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Get the required KYC documents verified at home or at the nearest branch
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Transfer the funds to the exchange house/bank’s account as NEFT/RTGS
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The transfer will now be initiated and beneficiary will receive credit in 48 working hours!
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Why Send Money to Russia via ExTravelMoney?
Being a marketplace for money transfer services, every exchange house here competes with each other. Result, you get the best exchange rate while sending money to Russia from India!
We charge absolutely zero commission on every transaction. No hidden charges either! Pay directly to the chosen exchange house from your bank account, get it transferred and receive bill for the entire amount.
In ExTravelMoney, all applicable charges are shown transparently and intimated to the customer beforehand. There are no hidden charges or extra fees. Pay directly to the chosen exchange house.
How to Transfer Money from India to Russia?
Money transfers from India to Russia are made as Euros. The receiving bank in Russia will convert the amount to Russian Ruble. The whole process can take up to 3 days. Here are the steps to follow.
1) Common Purposes of Sending Money to Russia from India
University or College fee payments
Living Expenses of Indian students studying in Russia
Remittance by tour operators to agents or hotels in Russia
Fee for participation in conferences or training
2) Documents Required for Wire Transfer from India to Russia
Any of these documents can be required depending on the purpose of remittance.
3) Beneficiary details to be shared:
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We keep your money with leading financial institutions like JP Morgan Chase, Deutsche Bank, and Barclays.
Dedicated support team.
We know that sending large amounts can be stressful, so you can reach a specialist for support whenever you need it.
Extra secure transactions.
We use two factor authentication to protect your account. That means only you can get to your money.
How to send money to Russia in 3 easy steps
Start your transfer.
Pay in INR with your debit card or credit card, or send the money from your online banking.
Get the best rate out there.
Wise always gives you the real and fair mid-market exchange rate.
Money is locally delivered.
The recipient gets money in their currency directly from Wise’s local bank account.
What you’ll need for your money transfer from India to Russia?
1. Create your free account.
Click ‘Sign up’, then create your free account. It takes seconds. You can do it on our website or with our app. All you need is an email address, or a Google or Facebook account.
2. Set up your first transfer.
Use our calculator to tell us how much money you want to send, and where you want to send it. You’ll see our fees upfront. We’ll tell you when your money should get there, too.
3. Tell us a little about yourself.
We’ll ask you if you’re sending money as an individual or business. We’ll also need your full name, birthday, phone number, and address. You know, the standard stuff.
4. Tell us who you’re sending to.
Yourself? Someone else? A business or charity? Pick your answer. Then we’ll ask you for some basic information about your recipient, including their bank details. They need a bank account, but they don’t need a Wise account. (Though we hope they’ll want one soon.)
5. Make sure everything looks good.
We’ll show you a summary of your transfer. If everything looks good, click Confirm. You can also make any changes you need to.
6. Pay for your transfer.
Would you like to pay by bank transfer? Debit or credit card?Make your choice, and we’ll tell you how to do it. Each payment method has its own steps, but they’re all straightforward and should only take a few minutes.
International money transfer fees
How much does it cost to transfer money from India to Russia?
Banks and other providers often add a markup to their exchange rate while advertising low fees, which means you could be paying huge hidden charges.
Wise transparently displays its fee upfront and deducts it before conversion. No nasty surprises. Wise then uses the mid-market rate, independently provided by Reuters without any markup.
Wise is safe and secure
Wise is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
We’re trusted by 13 million people and counting.
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Online money transfer in 4 steps
Make sure to check your details before hitting send. Once the money transfer is done, we’ll email you a confirmation message with the Money Transfer Control Number (MTCN). Share the MTCN with only your intended receiver.
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Our current money transfer service is to overseas bank accounts only. Visit our FAQs for more information or call us from 9 am – 9 pm.
1 Please use care when providing bank account information. Funds will be paid into the bank account corresponding to account number you provide. The receiver’s account must be a local currency payout account. If you’re sending to a company or an institution, please provide the business’ name, bank account number, bank name, and bank routing number (SwiftBIC).
Sending money to Russia from India
INR to RUB
Russia is the largest country on earth, but its population is relatively small when compared to its total landmass. Due to the vast size of the country, the average population density is 9 people per km2, amounting to an estimated population of 145.9 million people. At over 17 million square kilometers, Russia spans Eastern Europe and Asia, and is formerly a member of both continents.
Choosing the best service provider
When considering how to send money Russia from India there are some key aspects of the transfer to consider.
If you’re looking for the best combination of price, speed, and reliability we recommend using when transferring INR to RUB.
This means that by using for online money transfers to Russia from India, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access for any reason, our comparison engine has found also to be very good options when sending INR – RUB.
This recommendation was updated one minute ago.
The cheapest way to send money from India to Russia
In order to avoid high fees, you should consider the cheapest way to send from India to Russia.
has been determined by our comparison engine to be currently offering you the cheapest rates possible.
Get the Best Rate and Sign Up for Rate Alerts India to Russia
The fastest way to send mo ney from India to Russia
When sending money from India to Russia, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, is the fastest way to send INR – RUB.
What payment methods are available when sending money from India to Russia?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Russia from India using credit card
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Russia.
Sending money to Russia from India using a debit card
With you can send money online to Russia using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from India to Russia
Bank and wire transfers are the most common ways of sending money Russia as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Russia. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Russia.
When sending money to Russia from India using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
Considerations for a INR – RUB Currency Transfer
Before sending money to Russia from India, you should consider the following:
How to send money from India to Russia at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send INR to RUB. After that it’s just a process of making your transfer via the following steps:
How to receive transfers from INR to RUB in Russia?
Your recipient has a few methods available to receive your money in Russia. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Russia, then they will usually need the following:
How much money can be transferred from India to Russia?
The amount of RUB you can receive from India will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of RUB that can be received in Russia or sent from India before making your transfer.
ISO (International Organization for Standardization) is a globally agreed upon quality-assurance system used to decipher different territories and regions. ISO codes are alpha-numerical and each country in the world has been assigned one: 3166-2: RU is the entry for Russia.
An IBAN is an International Bank Account Number which is required when sending money transfers to European bank accounts. Despite Russia spanning both Europe and Asia, you do not need an IBAN when sending money to a Russian recipient; they do however use BIC codes. Find out more about BIC codes and learn What is an IBAN number?
Send money to Russia
Find the best way to transfer money from India to Russia.
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Following Russia’s invasion of Ukraine in February 2022, the majority of money transfer providers suspended their services in Russia and stopped supporting transfers to the country. Sanctions imposed by the West have largely prohibited sending Russian citizens money. Meanwhile, major Russian banks have been removed from the international financial messaging system SWIFT, making it difficult to execute transfers. As a result, there are almost no money transfer providers that currently deal with Russian Rubles or who will facilitate sending money to Russia.
We are monitoring the situation for any updates. In the meantime, here is our guide to making a money transfer from India.
How to send money to Russia from India
If you send to a Russian bank account, your recipient will need to wait for the funds to arrive. For a cash pick up, your Russian recipient will need to show some form of photo ID in order to pick up the funds. It’s also important that you give them the transaction reference number to streamline the process.
Ways to send and receive money
How to decide which option is best for you to send money to Russia.
What documents do I need to transfer money to Russia?
To send money from India to Russia, you’ll need the following:
1. Photo identification
Most providers require a driver’s license, passport or other Indian government-issued ID. You can send transfers without the above but may need to give alternate ID instead.
2. Payment method
Your options depend on the provider’s services. Popular methods include cash, debit or credit card payments, bank account transfers and personal cheques.
3. Recipient information
You’ll need their name (matching their ID) plus contact details. If sending to a Russian bank account, you’ll need the a/c number, SWIFT and branch details.
What documents do I need to receive money in Russia?
To collect money in person in Russia, the recipient will need:
1. Transfer number
2. Government-issued ID
A official ID, such as a Russian passport or driving license.
3. The transfer amount
To know how much has been sent, usually to within 10% of the total.
4. Sender information
The sender’s name and address and the country from where the money was sent.
How much does it cost to send money to Russia from the Republic of India?
The cost of sending money to Russia from India depends on the exchange rate between INR to RUB, the fees, how you want your recipient to receive your transfer and the turnaround time: