🏴→🇮🇳
Send Money from England to India
English businesses and traders paying India suppliers. Send GBP from England, receive INR in India with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local INR delivery = no correspondent bank fees
Save £3,025 per £100k Payment
England to India corridor savings
Traditional Bank
£3,530
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local GBP collection
- ✓ Transparent 0.5% spread
- ✓ UPI (Unified Payments Interface)
Your Savings
86%
£3,025 per £100k
At £300k-£3M monthly, save £7,570/year
Sending from England: What You Need to Know
GBP Origin Specifics
- England uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
Paying Suppliers in India: Compliance & Requirements
Regulatory Considerations
- FEMA (Foreign Exchange Management Act) compliance
- RBI (Reserve Bank of India) reporting for large transactions
- Import/export code (IEC) required for trade payments
- GST (Goods and Services Tax) documentation
Payment Best Practices
- Use UPI or IMPS to avoid 2-3 day SWIFT delays
- Coordinate with supplier's CA for GST invoice matching
- INR is volatile - lock rates when favorable
- Avoid Diwali/festival periods for urgent payments
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via UPI (Unified Payments Interface)
England → India Corridor Insights
Popular Industries
- Textile & Garment
- IT Services
- Pharmaceutical
Peak Trading Hours
01:00-09:00 GMT (Asia business hours)
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send GBP from England to India?
Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB