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Find the best ways to send money to India from Malaysia

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Top Providers For transfers from Malaysia to India

Based on 5,539 comparisons made by Monito users in the past 3 months.

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Compare 5 providers for a 1,000 MYR transfer from Malaysia to India

Results updated 4 days ago.

For the most up-to-date and accurate results, start a new search

Transfer to a bank account
  • Most often the cheapest
    WorldRemit
    8.0
    Over 4 million users
    Includes zero transfer fees on your first 3 transfers with code 3FREE

    2 days

    Recipient gets

    Fee Free

    Exchange rate 17.5844

    0.52% worse than mid‑market rate

    17,584 INR

    17,496 INR

    Details Go

Compare 5 providers

Sorted by amount received

  • Best deal
    Instarem
    8.1

    In minutes

    Recipient gets

    Fee Free

    Exchange rate 17.6297

    0.26% worse than mid‑market rate

    17,630 INR

    Details Go
  • WorldRemit
    8.0
    Over 4 million users
    Includes zero transfer fees on your first 3 transfers with code 3FREE

    2 days

    Recipient gets

    Fee Free

    Exchange rate 17.5844

    0.52% worse than mid‑market rate

    17,584 INR

    17,496 INR

    Details Go
  • Wise
    9.5

    In minutes

    Recipient gets

    Fee 10.07 MYR

    Exchange rate 17.6748

    0.01% worse than mid‑market rate

    17,497 INR

    Details Go
  • Skrill
    8.3

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 16.9953

    3.85% worse than mid‑market rate

    16,995 INR

    Details Go
  • Maybank
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    3 to 5 days

    Recipient gets

    Fee 104.16 MYR

    Exchange rate 17.1372

    3.05% worse than mid‑market rate

    15,352 INR

    Estimated

    Details

We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.

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Monito's Recommendations for Sending Money from Malaysia to India

Affiliate disclosure

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Malaysia to India:

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Best Ways to Send Money from Malaysia to India

About Money Transfers from Malaysia to India

Monito compares 5 providers offering international money transfer services from Malaysia to India. The total cost of the cheapest available option at any given point in the past month was 0.4% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 12.0%.

💸 Number of providers

5

🏆 Most often cheapest provider

WorldRemit

💰 Average Lowest Total Cost

0.4%

💰 Highest Total Cost

12.0%

👍 Recommended Providers

WorldRemit, Instarem, Wise, Skrill

⚡ ️Fastest Transfer Time

In minutes

💳 Pay-in Options

Debit card, Direct bank payment, Bank transfer, Credit card

💵 Pay-out Options

Bank account, Bank account (via international transfer)

💸 Most transferred amount

1000 MYR

How to Transfer Money to India From Malaysia

If you're sending money from Malaysia to India, you'll have two main options. One will be to go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service.

1 — How to Transfer Money From Malaysia to India Online

Using an online international money transfer service is the fastest and cheapest way to transfer money from Malaysia to India. There are several top online transfer platforms that offer MYR to INR transfers, including:

In general, money transfer services are the best way to send money abroad not only because they're the cheapest, but also because they're usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From Malaysia to India

Using your bank — whether it be Maybank, CIMB, UOB, or any other — is indeed a reliable option for sending money from your bank account to a bank account in India. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps along the way.

In fact, sending money from Malaysia to India with Maybank, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. It's for this reason that we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

4 — Google Pay Malaysia to India

A lot of people wonder whether or not they can use Google Pay to send money from Malaysia to India. Unfortunately, it's not yet possible to send money this way at this time, as Google Pay only supports international money transfers from the US.

Online Money Transfers to India From Malaysia

Would you describe yourself as tech-savvy? Then you'll find online money transfers very handy. The good news is that you could get more Indian rupees for your ringgits by switching to one of the online money transfer providers, for example, Wise, Skrill, Instarem, or WorldRemit to name a few.

In the 21st century, an online money transfer is the equivalent of wiring money — only it's much cheaper and easier! With online money providers, you can send money via your mobile phone, laptop, or tablet with just a few clicks. There's no need to go to a bank or money transfer physical location. They offer much better MYR-INR exchange rates than banks and low and transparent fees. Compare your options in the list above to find the fastest, best rated, or cheapest option to send money to India. 

Make sure to compare all providers before every transfer from Malaysia to India to get the best MYR-INR exchange rate every time.

The Cheapest Way to Send Money From Malaysia to India

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees (which include hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from Malaysia to India: The cheapest operator will not necessarily be the same for a transfer of RM 500 and a transfer of RM 5,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to India. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to India From Malaysia

It comes as no surprise that the speed of your transfer depends on the method you choose to send your money from Malaysia to India.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day. 

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

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Living in India?

If you are living in India and want to receive money cheaply from your friends and loved ones abroad, then take a look at our in-depth guide here.

FAQ About Money Transfers to India From Malaysia

See Monito's In-Depth Money Transfer Guides

Best Ways To Send Money Internationally
August 25, 2023 - by François Briod
Fastest Ways To Send Abroad
November 22, 2022 - by François Briod
Transfer Specialists vs Banks
November 22, 2022 - by Byron Mühlberg
Best Money Transfer Services
August 25, 2023 - by François Briod

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito

  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence

Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.