How Do You Receive GBP (British Pound) Payments in India in 2026?

The table ranks platforms with full published pricing for GBP by the INR received on GBP 5,000, then lists other business platforms that accept GBP, unranked. Fees were checked on 30 Sept 2026 or later.

The real GBP to INR rate is the mid-market rate, the midpoint between buying and selling prices. FBIL publishes a daily GBP/INR reference rate around 13:30 on Mumbai business days. Bank TT, card and platform rates for converting GBP usually sit below it. For example, at an example mid-market rate of ₹112.00, a ₹110.88 rate means a 1% markup.

Today's rate, its history and every platform's payout are on the GBP to INR rate page.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹127.33 per GBP for 4 Nov 2026.

Yes, you can hold GBP in India in an EEFC account. Any resident foreign exchange earner, including an individual freelancer, may open one and credit 100% of export earnings. The EEFC account is a current account and pays no interest. Each month's accruals must be converted by the end of the following month, after approved uses.

• Who qualifies: All categories of resident foreign exchange earners, such as individuals and companies, under Q2 of RBI's EEFC FAQ. SEZ units open a separate foreign currency account instead.
• Conversion rule: The sum of a calendar month's accruals should be converted into rupees by the last day of the next month, after adjusting for approved uses or forward commitments, under para 3.1 of the Master Direction on Deposits and Accounts.
• Permitted uses: GBP in the account can pay permitted current account transactions outside India, such as a UK software subscription. Rupees withdrawn cannot be converted back and re-credited (Q9 and Q10).
• Alternatives: A cross-border payment aggregator may settle in a non-INR currency only to exporters it has directly onboarded, under para 11(i) of the Payment Aggregator Master Direction. Otherwise GBP is converted to rupees on arrival.

• Spot: GBP is converted at the rate on the day it is credited. This is the default for most savings and current accounts, and the rupee amount depends on the market that day.
• Forward contract: You agree a GBP/INR rate today for a future date with your AD bank. The amount and tenor cannot exceed your export exposure, under para 2.4(i) of the Master Direction on Risk Management and Inter-Bank Dealings. See forward contracts for exporters.
• Limit order: You ask your bank or provider to convert GBP only when the rate reaches a level you set. RBI rules do not define limit orders, so check whether your AD bank offers one and how long an order stays open.
• Natural hedge: You keep GBP in an EEFC account to pay GBP costs abroad, such as UK tools or contractors. An AD bank may also allow set-off of export receivables against import payables with the same overseas buyer or supplier, or its group companies, under Regulation 7 of the FEMA Export and Import Regulations, 2026.

Receiving GBP for exports in India requires the correct purpose code, an EDF declaration and realisation within nine months of the invoice date. The FEMA (Export and Import of Goods and Services) Regulations, 2026 apply from 1 October 2026. Your AD bank records each GBP receipt in EDPMS and reports it with a purpose code.

• Purpose code: Quote the code that matches the service, such as P0802 "Software consultancy/implementation (other than those covered in SOFTEX form)" or P1006 "Business and management consultancy and public relations services" from the RBI purpose code list. See purpose codes for freelancers.
• EDF: Services exporters file an EDF within 30 days from the end of the invoice month under Regulation 3(2). Exporters of services other than software may file on or before the payment date. The EDF replaced SOFTEX for software from 1 October 2026 under A.P. (DIR Series) Circular No. 20.
• Realisation: Full export value must be realised within nine months from the invoice date for services, or twelve months if invoiced or settled in INR, under Regulation 5. Your AD bank may extend this on request.
• EDPMS: For invoices up to ₹10 lakh, the AD bank may close the EDPMS entry on your declaration that payment was realised, under Regulation 4(2). See what is EDPMS.
• FIRA: FIRA is not a term defined in FEMA. Banks and providers use it for their remittance advices. GST refund rules ask for a Bank Realisation Certificate or Foreign Inward Remittance Certificate under Rule 89(2)(c). See what is FIRA.

Rules and rails are linked to official sources below with the dates they were checked. Platform figures come from each platform's own pages, checked on 30 Sept 2026 or later, and RBI authorisation was checked against RBI's published list. Rates are XE live mid-market rates, dated 4 Nov 2026. The method is on the methodology page.

1. Pay.UK: Faster Payment System, Available day and night, 365 days per year; real-time payments of up to £1m at scheme level; individual banks may set different limits (checked 8 Oct 2026)
2. Pay.UK: Confirmation of Payee, CoP allows an account name to be checked before initiating or collecting a payment, for UK domestic payments (checked 8 Oct 2026)
3. Pay.UK: Bacs Payment System, Bacs payments fall into two categories: Direct Debit and Direct Credit (checked 8 Oct 2026)
4. Bank of England: CHAPS, Usually open from 6am to 6pm, Monday to Friday (excluding bank or public holidays in England and Wales); customer payments must be submitted by 5.40pm (checked 8 Oct 2026)
5. FBIL Reference Rate Methodology (Version 2, January 15, 2019), Paras 1, 8, 9, 10 and 11: GBP/INR computed by crossing GBP/USD with the USD/INR reference rate; published to 4 decimal places at around 13.30 hours on Mumbai business days (checked 8 Oct 2026)
6. RBI FAQ: Exchange Earners Foreign Currency (EEFC) Account (updated 05.07.2016), Q1, Q2, Q3, Q4, Q5, Q8, Q9, Q10, Q11 (checked 8 Oct 2026)
7. RBI Master Direction: Deposits and Accounts (updated September 02, 2026), Para 3.1(6): accruals during a calendar month converted into rupees by the last day of the succeeding calendar month (checked 8 Oct 2026)
8. RBI Master Direction: Risk Management and Inter-Bank Dealings (updated October 01, 2026), Paras 2.1, 2.2, 2.4(i) and 2.4(v); para 3.2(ii) permitted pairs including GBP-INR, 3.2(iv) tenor up to 12 months, 3.3(i) hedging contracted exposure (checked 8 Oct 2026)
9. RBI Master Direction on Regulation of Payment Aggregator (PA), Para 11(d) ₹25 lakh per transaction; 11(h) documents for EDPMS closure; 11(i) non-INR settlement only for directly onboarded exporters; 16(a) Inward Collection Account (checked 8 Oct 2026)
10. FEMA (Export and Import of Goods and Services) Regulations, 2026, Notification FEMA 23(R)/2026-RB, Regulation 1 (in force October 01, 2026); 3(2) EDF for services within 30 days from end of invoice month; 4(2) EDPMS closure up to ₹10 lakh on declaration; 5(1) nine months, twelve months if invoiced or settled in INR; 7 set-off with the same overseas buyer or supplier or their group or associate companies; 18 reporting (checked 8 Oct 2026)
11. RBI A.P. (DIR Series) Circular No. 20 dated January 16, 2026, Master Direction on Export of Goods and Services and SOFTEX circulars superseded from October 01, 2026 (checked 8 Oct 2026)
12. RBI circular: Guidelines to facilitate faster cross-border inward payments (April 09, 2026), Para 3: inform customers on receipt, reconciliation interval normally not exceeding one hour, endeavour to credit payments received in forex market hours within the same business day; para 4: effective six months from April 09, 2026 (checked 8 Oct 2026)
13. RBI A.P. (DIR Series) Circular No. 84 (2012), FETERS purpose codes for receipts, P0802 Software consultancy/implementation (other than those covered in SOFTEX form); P1006 Business and management consultancy and public relations services (checked 8 Oct 2026)
14. CGST Rules, Rule 89 (CBIC tax information portal), Rule 89(2)(c): statement of invoices and relevant Bank Realisation Certificates or Foreign Inward Remittance Certificates for export of services (checked 8 Oct 2026)
15. Skydo homepage (pricing and fee calculator), Know what you pay; calculator showing GST 18% of transaction fee (checked 6 Oct 2026)
16. Razorpay MoneySaver Export Account (International Bank Transfers) pricing, Standard Plan: 0% FX markup, 1% fee, FlashLinks 2%, GST applicable, flat fee of INR 1,000 on transactions below INR 1,00,000, setup and AMC INR 0 (checked 6 Oct 2026)
17. Stripe India pricing, International cards with USD/other currency presentment 4.3% + 2% if currency conversion is required; Mastercard and Visa cards issued outside India 3% + 2%; American Express outside India 3.5% + 2%; dispute received INR 1,000.00 (checked 7 Oct 2026)
18. HDFC Bank: Remittance Services Fees & Charges, Inward Remittance Charge: No Charge; FIRC Charge for Inward Remittance & FCY Cheque Collection INR 200 per FIRC; GST slabs on amount of currency exchanged (checked 6 Oct 2026)
19. Kotak Everyday Savings Account fees and charges, Foreign Inward Remittance certificate (Branch Request) INR 100/Request; GST on Foreign Currency Conversion; fees exclusive of GST (checked 6 Oct 2026)
20. PayPal India Merchant Fees, Receiving international transactions; Currency Conversions (3.0% converting balance and payments received; 4.00% all other cases); Withdrawals Out of PayPal; Dispute Fees; Other Fees (Last Updated 28 March 2024) (checked 6 Oct 2026)
21. Wise India: Fees for receiving money (Business), Conversion fee depends on the currency; eFIRC for every transfer; GST 18% of (conversion fee + eFIRC fee); calculator (checked 6 Oct 2026)
22. Airwallex Help: Eligible Countries and Territories, INDIA IN - AWX Legal Entity SINGAPORE (checked 7 Oct 2026)