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Compare today's MGA to INR (Malagasy Ariary to Indian Rupee) exchange rates

Madagascar
India
MGA

Interbank Exchange Rate: 1 MGA = 0.0204 INR
Updated about an hour ago

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All you need to know about Malagasy Ariary to Indian Rupee money transfers

Easily compare money transfer providers in one place to send money from Madagascar to India. Send money overseas to your loved ones by comparing Malagasy Ariary (MGA) to Indian Rupee (INR) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Madagascar.

Were you looking to send money from India to Madagascar instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest MGA to INR Conversion Rates

Here are some latest MGA to INR (Malagasy Ariary to Indian Rupee) exchange rates for popular conversion amounts*.

1 MGA0.02 INR
5 MGA0.10 INR
10 MGA0.20 INR
25 MGA0.51 INR
50 MGA1.02 INR
100 MGA2.04 INR
150 MGA3.06 INR
200 MGA4.08 INR
250 MGA5.10 INR
300 MGA6.12 INR
400 MGA8.16 INR
500 MGA10.20 INR
600 MGA12.24 INR
700 MGA14.28 INR
800 MGA16.32 INR
1,000 MGA20.40 INR
1,500 MGA30.60 INR
2,000 MGA40.80 INR
2,500 MGA51.00 INR
3,000 MGA61.20 INR
4,000 MGA81.60 INR
5,000 MGA102.00 INR
10,000 MGA204.00 INR
15,000 MGA306.00 INR
20,000 MGA408.00 INR
30,000 MGA612.00 INR
40,000 MGA816.00 INR
50,000 MGA1,020.00 INR
100,000 MGA2,040.00 INR

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Madagascar to India?

Sending money internationally to India from Madagascar can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Malagasy Ariary to INR remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to India. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Indian Rupee.


How to get the best exchange rate for your money transfers from Madagascar to India?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your MGA to Indian Rupee money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Madagascar to India. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for MGA to INR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Madagascar to India?

One of the most important things to watch out for is hidden fees when sending money to India from Madagascar. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to India using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Indian Rupee foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MGA to India exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to India from Madagascar.


Should I use my bank to send money from Madagascar to India?

Big banks in Madagascar are known to make a lot of money by charging high fees on India money transfers from Madagascar. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a MGA to INR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to India. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Madagascar to India. You work hard for your money, so you should also ensure you get the maximum yield when you send INR overseas.


What is the fastest way to transfer money from Madagascar to India?

The first thing to do when you need to convert MGA to INR quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malagasy Ariary and Indian Rupee. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Madagascar to India remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to India.


Which are the best money transfer companies to transfer money to India from Madagascar?

The first step in selecting the best money transfer operators for Madagascar to India remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Malagasy Ariary to Indian Rupee money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to India.


Step by step guide to do a money transfer from Madagascar to India

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Madagascar to India, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Madagascar to India that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in India where they can receive monies in Indian Rupee.
  • Then, provide details of your Madagascar bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MGA travel to another part of the globe.