Send money to India from Malaysia

Yes! with Instarem, you can send money to India from Malaysia using the Unified Payments Interface (UPI). This seamless option is widely accepted, and all you need is the recipient’s UPI ID in India to complete the transfer. It’s a fast, reliable, and cost-effective option.

Generally, money transferred from Malaysia to India for personal use, such as family support or savings, is not taxable in India. However, if the transferred amount is classified as a gift exceeding a certain threshold or considered as income for the recipient, it may be subject to tax under Indian tax laws. It is recommended to check with both Malaysian and Indian tax professionals to understand any potential tax obligations on your remittance.

Yes, you can send money from Malaysia to India without an NRI (Non-Resident Indian) account. With Instarem, you can quickly and securely transfer funds to a local Indian bank account without any additional requirements.

Getting the best rate for transferring money from Australia to India depends on the exchange rates and fees offered by different services. With Instarem, you can enjoy competitive exchange rates and low fees, helping you get more value from your transfers. It’s always a good idea to check the live rates on Instarem to ensure you're getting the best deal.

When you send money to India from Malaysia with Instarem, a transaction number (also known as a transaction ID or reference number) is created for your transfer. You can find it on the confirmation page and in the email we send. This number serves several important functions:

- Tracking: Keep track of your transfer’s progress using the transaction number.

- Customer support: Provide the transaction number for fast assistance when contacting support.

- Refunds: In case a refund is needed, the transaction number helps make the process seamless.