Question 1

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

Accepted Answer

It can be very confusing when sending money from Malaysia to India given so many choices. Additionally, Malaysian Ringgit to INR exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Malaysia to India as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to India from Malaysia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Malaysian Ringgit to Indian Rupee remittances.

Question 2

How to get the best remit rate for transferring money from Malaysia to India?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to India from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Indian Rupee remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to INR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

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

Accepted Answer

When you want to send money to India from Malaysia, you obviously want the cheapest possible option to maximize the money your recipient gets in Indian Rupee. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your MYR to INR money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Malaysia to India. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Malaysia to India exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Indian Rupee overseas.

Question 4

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

Accepted Answer

Big banks in Malaysia are known to make a lot of money by charging high fees on India money transfers from Malaysia. 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 MYR 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 Malaysia to India. You work hard for your money, so you should also ensure you get the maximum yield when you send INR overseas.

Question 5

What is the fastest way to do a money transfer to India from Malaysia?

Accepted Answer

The speed of your Malaysian Ringgit to Indian Rupee funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MYR to INR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to India from Malaysia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in India if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout INR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malaysia bank to India bank transfer.

Question 6

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

Accepted Answer

Malaysia to India money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach India as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Malaysian Ringgit to Indian Rupee money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.

Question 7

Step by step guide to send money to India from Malaysia

Accepted Answer

Follow the below easy steps to send money to India from Malaysia.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Malaysia bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in India).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your MYR to INR remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 MYR	21.77 INR
5 MYR	108.84 INR
10 MYR	217.68 INR
25 MYR	544.19 INR
50 MYR	1,088.39 INR
100 MYR	2,176.77 INR
150 MYR	3,265.16 INR
200 MYR	4,353.54 INR
250 MYR	5,441.93 INR
300 MYR	6,530.31 INR
400 MYR	8,707.08 INR
500 MYR	10,883.85 INR
600 MYR	13,060.62 INR
700 MYR	15,237.39 INR
800 MYR	17,414.16 INR
1,000 MYR	21,767.70 INR
1,500 MYR	32,651.55 INR
2,000 MYR	43,535.40 INR
2,500 MYR	54,419.25 INR
3,000 MYR	65,303.10 INR
4,000 MYR	87,070.80 INR
5,000 MYR	108,838.50 INR
10,000 MYR	217,677.00 INR
15,000 MYR	326,515.50 INR
20,000 MYR	435,354.00 INR
30,000 MYR	653,031.00 INR
40,000 MYR	870,708.00 INR
50,000 MYR	1,088,385.00 INR
100,000 MYR	2,176,770.00 INR

Compare today's MYR to INR (Malaysian Ringgit to Indian Rupee) exchange rates

Found 7 Remittance Service Providers

All you need to know about Malaysian Ringgit to Indian Rupee money transfers

Latest MYR to INR Conversion Rates

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

How to get the best remit rate for transferring money from Malaysia to India?

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

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

What is the fastest way to do a money transfer to India from Malaysia?

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

Step by step guide to send money to India from Malaysia

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