Compare today's PHP to INR (Philippine Peso to Indian Rupee) exchange rates

Comparing based on your specific needs is the best way to send money from the Philippines to India with confidence.

Our analysis, and search results, include 3 providers that operate between the Philippines and India. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in the Philippines when you need to send money to India.

The exchange rate determines the price you’ll pay for Indian Rupee when you send Philippine Peso to India.

The current exchange rate between the Philippine Peso and Indian Rupee is 1.5414. Wise offers the best exchange.

The PHP-INR exchange rate is always moving.

It’s possible that waiting a day or two can help you get more INR for the same amount of Philippine Peso. But, the best way to lock in a price between the Philippines and India is by using a forward contract.

A bank transfer is the our recommended option for money transfers between the Philippines and India. Wise offers the best price on a bank transfer.

A bank transfer to India through Wise is 9.32% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both Philippines and India to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between the Philippines and India.

Some services have minimum or maximum thresholds on how much you can transfer from the Philippines to India.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of PHP to India. The combination of rates and fees when sending to India is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving the Philippines, or entering India. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in India. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from the Philippines to India will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from the Philippines into Indian Rupee. Wise is the best company for bank transfers between Philippines and India.

And if you need cash right away, check if cash pickup is an option for transfers between the Philippines and India.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When signing up to a money transfer company to send between the Philippines and India, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in the Philippines this will be a government ID like a passport or driver's license. In India it will be a similar set of documents, although this should only be needed if you are opening a new account in India, or collecting in cash.

Big transactions between the Philippines and India, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in the Philippines.

When sending large amounts of money between the Philippines and India there will be tax implications to consider.

Some transfers into Indian Rupee may need to be reported to tax authorities in India, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in India based on age, income and a few other elements. When in doubt, please contact a tax professional in the Philippines or India to discuss your personal circumstances.