How to send money to Saudi Arabia from India with the best INR-SAR rate

Comparing providers offering services between India and Saudi Arabia based on your specific transfer amount, is the easiest way to get the best price on your transfer.

We cover the entire INR-SAR market and have compared 5 providers offering services between India and Saudi Arabia.

This ensures you will get the most comprehensive options for sending Indian Rupee to Saudi Arabia.

Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific India to Saudi Arabia transfer needs.

The exchange rate determines the price you will pay when buying Saudi Riyal in India. A better exchange rate means more Indian Rupees being sent to Saudi Arabia.

The current rate between the Indian Rupee and Saudi Riyal is 0.0397.

The INR-SAR exchange rate is always changing. Understanding the average, and then waiting a day or two can help you get more SAR for the same amount of Indian Rupees - but you might end up worse off.

A safer option if you want to get a particular rate is to use a forward contract. This allows you to lock in an agreed exchange rate between India and Saudi Arabia.

Sending via a bank transfer is the payment method that will get you the best price on a transfer from India to Saudi Arabia.

Ria Money Transfer is the company offering the best price currently on this.

Using Ria Money Transfer for a bank transfer to Saudi Arabia from India is 3.98% cheaper than the next-best option in the market.

India and Saudi Arabia have different financial regulations to be aware of. Ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for money transfers between India and Saudi Arabia.

Companies offering money transfers between India and Saudi Arabia will have minimum or maximum thresholds on how much you can send or receive across set timeframes.

Exchange rates and fees for different transfer amounts could change and sending regularly could mean losing out.

That’s why it’s best to compare INR-SAR rates for your specific transfer amount.

For regular transfers to Saudi Arabia to India, shopping around each time can make a huge difference.

For sending large amounts of INR to Saudi Arabia without hitting a threshold, we’d recommended Wise. They offer a combination of rates and fees when sending from India to Saudi Arabia that is the most competitive, even at larger amounts.

Be sure to check with the recipient and understand any declarations needed on large amounts of money entering Saudi Arabia from India.

Options for receiving Saudi Riyal in Saudi Arabia include direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all of the 5 providers offering transfers from India to Saudi Arabia will support every method for incoming Saudi Riyal, so it’s best to check ahead of time.

The most common option is to send directly from India to a bank account in Saudi Arabia. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between India and Saudi Arabia.

Cash pickup is popular in some parts of Saudi Arabia, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like PayPal App (P2P Transfer).

When sending Saudi Riyals to Saudi Arabia, through a money transfer company, you will need to verify your ID when signing up.

The documents you need can vary and in some cases you might need a couple of options.

Generally, government issued ID such as a passport or driver's license are accepted in India. If the recipient needs an ID to collect money in Saudi Arabia, the same applies there. You may also be able use other ID formats, where these aren’t available.

Large transactions between India and Saudi Arabia can be subject to additional checks such as proof of funds for anti-money laundering purposes. This may also require additional ID checks.

One of the reasons Wise as scored so highly for transfers to Saudi Arabia is their easy sign up process in India.

As well as proof of funds, when sending large amounts of money between India and Saudi Arabia there will be tax declarations to consider. This is also potentially due to regular transactions.

Some transfers into Saudi Riyal may need to be reported to tax authorities in Saudi Arabia and India, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances do change in Saudi Arabia based on age, income and a few other elements. Everyone’s tax obligations are unique - when in doubt, please contact a tax professional in India or Saudi Arabia.