Question 1

What's the best way to send money to India from Nigeria?

Accepted Answer

Sending money internationally to India from Nigeria 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 Nigerian Naira 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.

Question 2

How to get the best exchange rate for your money transfers from Nigeria 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 Nigeria.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your NGN 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 NGN 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 for transferring money to India from Nigeria?

Accepted Answer

Finding the cheapest way to send money from Nigeria to India might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer NGN to INR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Nigeria to India exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.

Question 4

How to send money from Nigeria to India through a bank?

Accepted Answer

We do not recommend using your local bank in Nigeria for your next NGN to INR overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Nigeria to India (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending INR to India. These companies will let you use your local bank account in Nigeria to pay for your India money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money from Nigeria to India fast?

Accepted Answer

If you need to convert NGN to INR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Nigeria to India could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Nigerian Naira to Indian Rupee funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to India.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to India. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.

Question 6

Which are the best money transfer companies to send money from Nigeria to India?

Accepted Answer

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Nigeria to India, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Nigerian Naira to Indian Rupee exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your INR money transfers to India. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in India getting more money for every Nigerian Naira you send.

Question 7

Step by step guide to send money to India from Nigeria

Accepted Answer

With so many possible ways to transfer Nigerian Naira to Indian Rupee, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Nigeria to India remittance transaction, you can follow the below step by step procedure.

Create an account at your chosen operator.
You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
Add bank accounts for both the sender in Nigeria and the receiver in India. Using bank deposits can be the cheapest option to send money.
Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
At this point, you are pretty much done, and the operator will take it on from here.
Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your NGN to Indian Rupee money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.

1 NGN	0.07 INR
5 NGN	0.34 INR
10 NGN	0.68 INR
25 NGN	1.71 INR
50 NGN	3.42 INR
100 NGN	6.84 INR
150 NGN	10.26 INR
200 NGN	13.68 INR
250 NGN	17.10 INR
300 NGN	20.52 INR
400 NGN	27.36 INR
500 NGN	34.20 INR
600 NGN	41.04 INR
700 NGN	47.88 INR
800 NGN	54.72 INR
1000 NGN	68.40 INR
1500 NGN	102.60 INR
2000 NGN	136.80 INR
2500 NGN	171.00 INR
3000 NGN	205.20 INR
4000 NGN	273.60 INR
5000 NGN	342.00 INR
10000 NGN	684.00 INR
15000 NGN	1,026.00 INR
20000 NGN	1,368.00 INR
30000 NGN	2,052.00 INR
40000 NGN	2,736.00 INR
50000 NGN	3,420.00 INR
100000 NGN	6,840.00 INR

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