How Do You Receive Money from Nigeria to India in 2026?
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Short answer
You can receive money from Nigeria to India through local NGN account details from a payment platform, a card or payment link, or a SWIFT wire to your Indian bank. Who this is for: Indian freelancers and registered service exporters. Each export needs an EDF and payment within nine months of the invoice.1
| Method | All-in cost | Speed | FIRA |
|---|---|---|---|
| Local NGN account details from a payment platform | Not published in full by any tracked platform | Varies by platform; see the platform table | Varies by platform; see the platform table |
| Card or payment link | Not published in full by any tracked platform | Varies by platform | Depends on the platform |
| SWIFT wire to your Indian bank | Set by your bank and any intermediary banks; not comparable | Depends on the banks involved | Ask your bank |
1,000 USD = ₹94,243 at the reference rate for 13 November 2026 (European Central Bank data).
Estimated rupees received, on published fees
Sorted by estimated rupees received, highest first. Only providers that publish both their fee and their conversion markup for this currency and method can be estimated.
| # | Provider and route | Best for | Fee (+GST) | Markup | You receive | Cost |
|---|---|---|---|---|---|---|
| 1 | Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD account | US bank transfers and marketplace payouts | ₹942plus GST, rate not stated | 0% | ₹93,131 to ₹93,301 | 1.00 to 1.18% |
| 2 | RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan) | Local transfers from the US, UK and eurozone | ₹1,000plus GST, rate not stated | 0% | ₹93,063 to ₹93,243 | 1.06 to 1.25% |
| 3 | WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency) | Local transfers with a published per-payment fee | ₹1,435 | 0% | ₹92,809 | 1.52% |
| 4 | SkydoPayment link (InstaLinks) paid by ACH debit | Local bank transfers from major markets | ₹1,885plus GST, rate not stated | 0% | ₹92,019 to ₹92,358 | 2.00 to 2.36% |
| 5 | PayoneerLocal bank transfer to Payoneer receiving account details | Marketplace payouts such as Amazon or Upwork | ₹0no GST stated | 1 to 4% | ₹90,473 to ₹93,301 | 1.00 to 4.00% |
| 6 | PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice) | Clients paying by card or PayPal balance | ₹4,175no GST stated | 3 to 4% | ₹86,465 to ₹87,366 | 7.30 to 8.25% |
Not estimated because pricing is not fully published: Cashfree Payments, Dodo Payments, PingPong, Stripe, Tazapay, TransFi, Wise.
Where a provider says GST applies to its fee but not at what rate, the range runs from no GST to 18%, the rate Skydo, Stripe and Winvesta state on their pages. Estimates use each provider's published fee, conversion markup, GST on fees and FIRA charge, checked 2026-10-28, against the reference rate. They exclude charges taken by intermediary banks and your own bank, and the rate a provider actually applies at the time of conversion. Check the provider's pricing page before you choose. The order is calculated only from these published numbers; no provider can pay to change its position, and there are no affiliate links.
What are the ways to receive money from Nigeria to India?
The ways to receive money from Nigeria to India compare as follows. Costs are estimates on published fees for NGN 5,000, about USD 5,000 at the ECB reference rate.2
| Local NGN account | Card or payment link | SWIFT wire to your bank | |
|---|---|---|---|
| Fees and markup | Not published in full | Not published in full | Set by your bank and intermediaries |
| Settlement | Varies by platform; see the platform table | Varies by platform | Depends on the banks involved |
| FIRA | Varies by platform; see the platform table | Varies by platform | Ask your bank |
| Regulatory status | Check the platform's RBI status below | Check the platform's RBI status below | Authorised dealer bank |
| Best for | Regular invoices from businesses | Small or one-off payments | Large payments to an existing bank relationship |
How does each method of receiving money from Nigeria work?
Each method of receiving money from Nigeria works differently, and costs differ by method.
How does a local NGN account work for payments from Nigeria?
A platform gives you account details in Nigeria or in NGN, so your client pays you as it would pay a local supplier. The platform converts the NGN to INR and pays your Indian bank account.
- Pros: the client pays a local transfer; costs are usually published.
- Cons: not every platform accepts NGN; conversion markups vary.
- Cost: no tracked platform publishes full pricing.
- FIRA: varies by platform; check the platform table below.
How does a SWIFT wire work for payments from Nigeria?
Your client sends an international wire to your Indian bank account using its SWIFT code. Your bank converts the NGN at its buying rate.
- Pros: no third party between you and the client.
- Cons: intermediary banks may deduct charges; the conversion rate is usually not published in advance.
- Cost: set by your bank and any intermediary banks, so it is not comparable here.
- FIRA: ask your bank how it issues FIRAs for inward remittances.
How does a card or payment link work for payments from Nigeria?
You send a link or checkout page and the client pays by card. The platform settles INR to your bank.
- Pros: quick for the client; useful for small or one-off payments.
- Cons: card pricing is usually higher than bank transfer pricing.
- Cost: no tracked platform publishes full card pricing for this currency.
How do Nigerian clients usually pay Indian vendors?
Nigerian clients usually pay Indian vendors in Nigerian naira (NGN), though you can invoice in another currency if the client agrees. Domestic payments in Nigeria move through the Central Bank of Nigeria's Real-Time Gross Settlement (RTGS) system for interbank settlement and the NIBSS Instant Payment (NIP) service, an account-based, real-time electronic funds transfer platform run by the Nigeria Inter-Bank Settlement System.34 A client paying from Nigeria enters your local account details or, for a wire, your bank's SWIFT code and your account number. Domestic rails in Nigeria do not reach an Indian bank account directly.
Which platforms are best for receiving NGN in India?
None of the platforms this site tracks publishes NGN collection for Indian businesses. A client in Nigeria would usually pay by SWIFT wire to your Indian bank account, or in a currency such as USD or EUR.
Why do you receive less than the mid-market NGN to INR rate?
You receive less than the mid-market NGN to INR rate because banks and platforms convert at their own rate and may charge a fee on top. The European Central Bank publishes daily reference rates.2
For example, a 2% conversion markup on NGN 5,000 costs NGN 100 before any fee. Your FIRA shows the rate actually used,5 so compare it with the reference rate for that day using the FX markup calculator.
How much INR do you receive on $2,000, $5,000 and $10,000 from Nigeria?
The INR you receive from Nigeria depends on the platform. The table works this out from published pricing at today's rate, in NGN.
What should you consider when choosing how to get paid from Nigeria?
Consider the total cost and your client's convenience when choosing how to get paid from Nigeria.
- Total cost: add the fee, the conversion markup and GST on fees, not just the headline fee.
- Local rail coverage: a local NGN account lets the client pay without an international wire.
- Settlement speed: check how many working days the rupees take to reach your bank.
- FIRA: make sure you get a FIRA or e-FIRC for every receipt.
- Client experience: ask how your client prefers to pay before you choose.
- Support: check how the platform handles held or returned payments.
What documents and compliance apply to payments from Nigeria?
Payments from Nigeria follow the same Indian rules as any export of services.
- Export status: work for a client in Nigeria is an export of services when all five conditions in section 2(6) of the IGST Act are met.6 Use the export of services checker if you are unsure.
- EDF: from 1 October 2026 you give an Export Declaration Form (EDF) to your bank, usually within 30 days from the end of the month of invoicing.1 See the EDF for service exporters.
- Realisation: the payment must arrive within nine months of the invoice date.1
- FIRA and purpose code: keep the FIRA or bank advice for each receipt and check that it shows the right purpose code.5
- e-BRC: generate an e-BRC on the DGFT portal where you need one.7
What tax applies to money received from Nigeria?
Money received from Nigeria is zero-rated for GST and taxable as income in India, and the client may deduct tax in Nigeria.
- GST: an export of services is a zero-rated supply, so a registered supplier with an LUT invoices it without GST.89
- Treaty: This site could not confirm whether India has a comprehensive tax treaty with Nigeria: no treaty text for Nigeria was found among those the Income Tax Department publishes, and its official list could not be opened. Ask a chartered accountant before relying on treaty relief.
This site has not found an official Nigeria source setting a general withholding tax on payments to foreign service providers; ask the client whether it will deduct anything before you invoice.
If tax is deducted, you may be able to claim credit for it against your Indian tax on the same income; from tax year 2026-27 the claim is made in Form 44.10 See foreign tax credit and DTAA for Indian exporters.
How did we verify this?
We checked this page against the sources below on 28 October 2026. Provider fees, conversion markups and RBI payment aggregator (PA-CB) status were checked on 28 October 2026. Rupee amounts use European Central Bank reference rates for 13 November 2026. Read our methodology or report an error.
- [1]RBI: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, amended up to 22 September 2026 (regulations 3, 4 and 5)
- [2]European Central Bank: euro foreign exchange reference rates
- [3]Central Bank of Nigeria: Payments System (checked 2026-10-28)
- [4]NIBSS: NIBSS Instant Payment (NIP) (checked 2026-10-28)
- [5]RBI: A.P. (DIR Series) Circular No. 84 dated 29 February 2012, purpose codes for reporting under FETERS
- [6]IGST Act, 2017, section 2(6): definition of export of services (CBIC)
- [7]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
- [8]IGST Act, 2017, section 16: zero-rated supply (CBIC)
- [9]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)
- [10]Income-tax Rules, 2026, rule 76 and Form 44 (foreign tax credit), notified 20 March 2026
Frequently asked questions
What is the cheapest way to receive money from Nigeria to India?+
No tracked platform publishes full pricing for receiving NGN, so there is no cheapest route on published fees. Compare written quotes, and check the rate on your FIRA against the reference rate after the first payment from Nigeria.
Do I charge GST to a client in Nigeria?+
No, if the work meets the five export conditions and you invoice under an LUT. An export of services to a client in Nigeria is a zero-rated supply, so a registered supplier with an LUT invoices it without GST.68
How long can a client in Nigeria take to pay?+
RBI rules require the payment from Nigeria to be realised within nine months of the invoice date for exports invoiced from 1 October 2026, or twelve months if the invoice is in rupees.1
Does India have a tax treaty with Nigeria?+
This site could not confirm whether India has a comprehensive tax treaty with Nigeria: no treaty text for Nigeria was found among those the Income Tax Department publishes, and its official list could not be opened. Ask a chartered accountant before relying on treaty relief.
Do I need a SWIFT code to receive money from Nigeria?+
Only for an international wire. If your client in Nigeria pays into local NGN account details from a payment platform, the client uses those local details instead. For a wire to your Indian bank, the client needs your bank's SWIFT code and your account number.
How do I track a payment from Nigeria that has not arrived?+
For a wire, ask your client for the SWIFT confirmation (often called the MT103) and share it with your bank. For a platform payment, check the payment status in your platform account and contact its support with the client's transfer reference.
Can I hold NGN received from Nigeria instead of converting it?+
Some exporters keep foreign currency in an Exchange Earner's Foreign Currency (EEFC) account with an Indian bank, but most payment platforms convert to INR automatically. See the [EEFC account guide](/blog/eefc-account-benefits) for the rules and limits.
Can a client in Nigeria pay me by card?+
Yes, through a platform that offers a card checkout or payment link. No tracked platform publishes full card pricing for this currency. Card pricing is usually higher than a bank transfer.
This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.
Keep reading
How Do You Receive NGN (Nigerian naira) Payments in India in 2026?
How Indian freelancers and service exporters receive Nigerian naira (NGN): methods, platforms ordered by cost, INR received, EEFC, conversion timing and RBI rules.
TaxHow do tax treaties (DTAAs) apply to Indian service exporters?
How India's tax treaties (DTAAs) decide where fees from foreign clients are taxed, which articles matter to exporters, and the 2026 forms for treaty claims.
PaymentsHow can Indian freelancers and service businesses receive international payments?
Bank wires, RBI-authorised cross-border aggregators, PayPal and card gateways compared for Indian freelancers and agencies: fee types, FIRA and compliance.
TaxHow do Indian service exporters claim credit for tax a foreign client withheld?
How Indian freelancers claim credit for tax withheld by foreign clients: DTAA relief, Form 67 (FY 2025-26), Form 44 (tax year 2026-27), deadlines, rejections.