Sending money from Sweden to India

Sweden to India is a small corridor next to the US or the Gulf, and fewer providers compete for it. The result is a wider gap between the best and worst deal than on the big routes, which is exactly why it pays to compare.

What a transfer costs

There are two charges: a fee you see when you send, and a margin inside the exchange rate, which is the gap between the mid-market rate and the rate the provider gives you. Swedish banks are convenient but usually expensive on this route, with a SWIFT fee on top of a wide margin. On a kr100,000 transfer, every percentage point of margin costs about kr1,000. Check the live rate on our INR converter, then compare the rupees each provider would credit.

Pay by bank transfer

The online providers in the table above accept ordinary Swedish bank transfers, which are free from the major banks. Card funding adds a surcharge that is usually larger than the whole difference between providers. Save the provider as a payee and later transfers take minutes.

Choosing a provider

The picks above rank providers on total cost, speed and support for NRE accounts, using the criteria on our rating methodology page. Wise gives the mid-market rate with its fee shown up front; see our Wise review. Remitly is often cheapest on a first transfer, and Western Union is mainly useful if the recipient needs cash.

Where the money should land

Send what you earn in Sweden to an NRE account: the interest is tax-free in India, and you can move the balance back abroad freely. NRO accounts are for income that arises in India, such as rent. Our NRI banking guide explains both, and the FD rate comparison shows current NRE deposit rates.

Rates and fees change often, so compare current figures before you transfer. NRIWallah may earn a commission from partner links; see how we make money.