Corridor GBP → INR · British pound to Indian rupee
What does it cost to send British pounds to India?
On 16 October 2026, the most a recipient in India got for 1,000 GBP was 126,167.20 INR via Remitly: a true cost of 2.44 GBP (0.24%) including fee and rate markup. The last of 13 quotes cost 5.48%.
Transfer cost receipt · GBP → INR
Most to the recipient: Remitly transfer service
- You send
- 1,000.00 GBP
- Upfront fee
- 0.00 GBP
- Amount converted
- 1,000.00 GBP
- Rate given
- 126.17
- Mid-market when quoted
- 126.48
- Exchange-rate markup inside the rate
- 2.44 GBP 0.24%
- True total cost
- 2.44 GBP 0.24%
- Recipient gets
- 126,167.20 INR
Picking the last quote in this ledger (PayPal) instead would leave the recipient 6,621.48 INR short.
Snapshot indicative quotes retrieved 16 Oct 2026, 17:03 UTC. Quote collected 16 Oct 2026, 16:40 UTC. Source: Wise public comparison data.
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Every quote for 1,000 GBP → INR
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Remitlyservice | 0.00 GBP | 0.24% | 2.44 GBP | 0.24% | 126,167.20 INR | best |
| 2. State Bank of Indiabank | 0.00 GBP | 0.40% | 4.02 GBP | 0.40% | 125,967.33 INR | −199.87 INR |
| 3. Skrillservice | 0.00 GBP | 0.41% | 4.15 GBP | 0.41% | 125,951.44 INR | −215.76 INR |
| 4. Wiseservice | 5.14 GBP | 0.00% | 5.14 GBP | 0.51% | 125,811.99 INR | −355.21 INR |
| 5. Western Unionservice | 1.99 GBP | 0.67% | 8.63 GBP | 0.86% | 125,384.07 INR | −783.13 INR |
| 6. Xoomservice | 0.00 GBP | 0.91% | 9.14 GBP | 0.91% | 125,319.99 INR | −847.21 INR |
| 7. RBSbank | 0.00 GBP | 2.12% | 21.18 GBP | 2.12% | 123,797.43 INR | −2,369.77 INR |
| 8. NatWestbank | 0.00 GBP | 2.12% | 21.18 GBP | 2.12% | 123,797.43 INR | −2,369.77 INR |
| 9. Barclaysbank | 0.00 GBP | 2.79% | 27.87 GBP | 2.79% | 122,951.54 INR | −3,215.66 INR |
| 10. Nationwidebank | 15.00 GBP | 1.51% | 29.85 GBP | 2.98% | 122,701.10 INR | −3,466.10 INR |
| 11. Monesebank | 30.00 GBP | 0.35% | 33.37 GBP | 3.34% | 122,255.49 INR | −3,911.71 INR |
| 12. OFXservice | 7.00 GBP | 3.20% | 38.82 GBP | 3.88% | 121,566.59 INR | −4,600.61 INR |
| 13. PayPalservice | 2.99 GBP | 5.20% | 54.80 GBP | 5.48% | 119,545.72 INR | −6,621.48 INR |
| Set aside, not ranked (4): see methodology | ||||||
| WorldRemitcollected 74 h before retrieval | 3.49 GBP | −0.13% | — | — | 126,200.68 INR | — |
| HSBCcollected 73 h before retrieval | 0.00 GBP | 1.01% | — | — | 125,202.94 INR | — |
| Lloydscollected 76 h before retrieval | 9.50 GBP | 3.62% | — | — | 120,733.97 INR | — |
| Santander UKcollected 77 h before retrieval | 25.00 GBP | 2.70% | — | — | 119,990.11 INR | — |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 GBP | Skrill | 0.41% | 8.89% | 25,190.29 INR | 2,144.91 INR | 13 |
| 1,000 GBP | Remitly | 0.24% | 5.48% | 126,167.20 INR | 6,621.48 INR | 13 |
| 5,000 GBP | Remitly | 0.24% | 5.25% | 630,836.01 INR | 31,673.35 INR | 13 |
What the GBP → INR numbers show
- The provider that delivers the most changes with the amount: Skrill at 200.00 GBP, Remitly at 1,000.00 GBP, Remitly at 5,000.00 GBP. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 GBP, true cost ranged from 0.41% (Skrill) to 8.89% (Nationwide); the recipient would get 2,144.91 INR less with the last quote than with the first.
- Banks listed for this corridor averaged 2.29% in true cost at 1,000.00 GBP, against 1.76% for non-bank transfer services; on average 77% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 4 of 13 quotes at 1,000.00 GBP charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for GBP/INR on 16 October 2026 was 126.63. The mid-market rate implied by the top quote at its collection time was 126.48, a difference of −0.12%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 GBP → INR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Skrillservice | 0.00 GBP | 0.41% | 0.83 GBP | 0.41% | 25,190.29 INR | best |
| 2. Wiseservice | 1.49 GBP | 0.00% | 1.49 GBP | 0.74% | 25,098.41 INR | −91.88 INR |
| 3. State Bank of Indiabank | 0.00 GBP | 1.19% | 2.38 GBP | 1.19% | 24,993.60 INR | −196.69 INR |
| 4. Remitlyservice | 1.99 GBP | 0.24% | 2.47 GBP | 1.24% | 24,982.37 INR | −207.92 INR |
| 5. Western Unionservice | 1.99 GBP | 0.67% | 3.31 GBP | 1.65% | 24,876.81 INR | −313.48 INR |
| 6. Xoomservice | 1.99 GBP | 1.12% | 4.21 GBP | 2.11% | 24,762.44 INR | −427.85 INR |
| 7. NatWestbank | 0.00 GBP | 2.12% | 4.24 GBP | 2.12% | 24,759.49 INR | −430.80 INR |
| 8. RBSbank | 0.00 GBP | 2.12% | 4.24 GBP | 2.12% | 24,759.49 INR | −430.80 INR |
| 9. Barclaysbank | 0.00 GBP | 2.79% | 5.57 GBP | 2.79% | 24,590.31 INR | −599.98 INR |
| 10. Monesebank | 6.00 GBP | 0.35% | 6.67 GBP | 3.34% | 24,451.10 INR | −739.19 INR |
| 11. OFXservice | 7.00 GBP | 3.20% | 13.18 GBP | 6.59% | 23,627.75 INR | −1,562.54 INR |
| 12. PayPalservice | 2.99 GBP | 5.20% | 13.23 GBP | 6.61% | 23,622.33 INR | −1,567.96 INR |
| 13. Nationwidebank | 15.00 GBP | 1.51% | 17.79 GBP | 8.89% | 23,045.38 INR | −2,144.91 INR |
| Set aside, not ranked (4): see methodology | ||||||
| HSBCcollected 73 h before retrieval | 0.00 GBP | 1.01% | — | — | 25,040.59 INR | — |
| WorldRemitcollected 74 h before retrieval | 3.49 GBP | −0.13% | — | — | 24,886.55 INR | — |
| Lloydscollected 76 h before retrieval | 9.50 GBP | 3.62% | — | — | 23,220.42 INR | — |
| Santander UKcollected 77 h before retrieval | 25.00 GBP | 2.70% | — | — | 21,536.69 INR | — |
Every quote for 5,000 GBP → INR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Remitlyservice | 0.00 GBP | 0.24% | 12.21 GBP | 0.24% | 630,836.01 INR | best |
| 2. State Bank of Indiabank | 0.00 GBP | 0.40% | 20.11 GBP | 0.40% | 629,836.67 INR | −999.34 INR |
| 3. Skrillservice | 0.00 GBP | 0.41% | 20.74 GBP | 0.41% | 629,757.22 INR | −1,078.79 INR |
| 4. Wiseservice | 23.46 GBP | 0.00% | 23.46 GBP | 0.47% | 629,203.86 INR | −1,632.15 INR |
| 5. Western Unionservice | 1.99 GBP | 0.67% | 35.26 GBP | 0.71% | 627,920.41 INR | −2,915.60 INR |
| 6. Xoomservice | 0.00 GBP | 0.81% | 40.74 GBP | 0.81% | 627,227.22 INR | −3,608.79 INR |
| 7. Nationwidebank | 15.00 GBP | 1.51% | 90.14 GBP | 1.80% | 620,979.68 INR | −9,856.33 INR |
| 8. RBSbank | 0.00 GBP | 2.12% | 105.89 GBP | 2.12% | 618,987.15 INR | −11,848.86 INR |
| 9. NatWestbank | 0.00 GBP | 2.12% | 105.89 GBP | 2.12% | 618,987.15 INR | −11,848.86 INR |
| 10. OFXservice | 0.00 GBP | 2.28% | 113.90 GBP | 2.28% | 617,974.45 INR | −12,861.56 INR |
| 11. Barclaysbank | 0.00 GBP | 2.79% | 139.33 GBP | 2.79% | 614,757.71 INR | −16,078.30 INR |
| 12. Monesebank | 150.00 GBP | 0.35% | 166.85 GBP | 3.34% | 611,277.45 INR | −19,558.56 INR |
| 13. PayPalservice | 2.99 GBP | 5.20% | 262.64 GBP | 5.25% | 599,162.66 INR | −31,673.35 INR |
| Set aside, not ranked (3): see methodology | ||||||
| WorldRemitcollected 74 h before retrieval | 13.49 GBP | −0.13% | — | — | 631,504.90 INR | — |
| HSBCcollected 73 h before retrieval | 0.00 GBP | 1.01% | — | — | 626,014.68 INR | — |
| Lloydscollected 76 h before retrieval | 9.50 GBP | 3.21% | — | — | 610,903.09 INR | — |
What to check before paying out in India
Deposits to Indian bank accounts need the account number and the branch IFSC code; inbound transfers are commonly credited over IMPS or NEFT. Non-resident Indians should check whether the receiving account is NRE or NRO, because the rules on repatriation and tax differ. Source: Reserve Bank of India: NEFT FAQs.
Read next
- How to send money to India without losing it in the rate
- How long does an international money transfer take?
- Why does a money transfer service ask for ID and limits?
- What do banks really charge for an international transfer?
- What is the mid-market rate and where can you check it?
- Check the hidden markup on a rate you were offered
- How RateRunner calculates true cost
Questions people ask
- Which provider gave the most for 1,000 GBP sent to India?
- Remitly, with 126,167.20 INR delivered, in the snapshot retrieved 16 Oct 2026, 17:03 UTC. Its upfront fee was 0.00 GBP and its rate markup 0.24%.
- How much of the cost of sending GBP to INR is hidden in the exchange rate?
- For the 13 quotes on 1,000 GBP, rate markups ranged from 0.00% to 5.20% of the amount converted. 4 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these GBP to INR quotes?
- RateRunner retrieved them on 16 Oct 2026, 17:03 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 16 Oct 2026, 17:03 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (16 October 2026).
- Raw data for this page: gbp-to-inr.json