🇭🇺→🇮🇳
Send Money from Hungary to India
Hungarian manufacturers paying India suppliers. Send HUF from Hungary, receive INR in India with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local EUR collection + local INR delivery = no correspondent bank fees
Save £3,025 per £100k Payment
Hungary 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 HUF 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 Hungary: What You Need to Know
HUF Origin Specifics
- Hungary uses HUF currency
- SEPA instant payment network
- GDPR compliance required
Your Local Advantages
- Local EUR account available
- SEPA (Single Euro Payments Area) instant collection
- No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.
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)
Hungary → 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 HUF from Hungary to India?
Save 86% on every payment with t+0 (2.3s avg within unicorn network). Local HUF collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB