Send Money to Gambia (in USD)

The Gambia hosts a small trading-focused Indian community, with around 2,100 Indians across the country. Banjul and the Kombo urban belt anchor the community, taking in Serrekunda, Bakau, Brikama, and Bijilo.

Indian traders have run retail and wholesale businesses in The Gambia for decades, dealing in textiles, electronics, and general merchandise. A newer group of Indian professionals works in pharmaceuticals, telecommunications, and the tourism industry that drives much of the country's foreign earnings.

These ties make sending money to The Gambia a periodic requirement. Family support, stock purchases, and supplier settlements are involved, and transfers are sent in US dollars rather than in dalasi, which is thinly traded internationally. Tourism earnings make dollar and sterling accounts common among Gambian businesses, so many recipients can hold the funds without converting.

Even small differences in exchange rates or fees affect the final amount received. BookMyForex helps you send money to The Gambia with better rates, transparent pricing, and clear tracking at every step. 

Indian transfers to The Gambia concentrate almost entirely in the Greater Banjul area. Banjul and Serrekunda receive the overwhelming majority of volume, home to the Indian trading community, the port, the main wholesale markets, and most business premises.

Bakau and Bijilo attract transfers tied to hospitality businesses and residential households along the coast. Brikama receives inflows connected to regional distribution, while Farafenni and Basse see occasional flows linked to upcountry trading posts. Kanifing and Kotu receive steady inflows tied to retail premises and hotel businesses along the coastal strip. 

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Accurate beneficiary details, including the recipient's account number, branch, and the bank's SWIFT code, are essential, as The Gambia does not use the IBAN system for incoming transfers.

Transfers from India are sent in US dollars, and the receiving bank converts to dalasi at its own rate on arrival unless the recipient holds a foreign currency account. Most recipients bank with Trust Bank Gambia, GTBank Gambia, Ecobank Gambia, or Access Bank Gambia. Cash pickup networks operate widely but bank credits remain faster for commercial amounts. 

As per the Union Budget 2026, Tax Collected at Source (TCS) applies to outward remittances under LRS based on the purpose and amount of transfer. Here are the applicable TCS rates:

● Education via education loan: 0% TCS (any amount)
● Self-funded education & medical treatment: Nil up to ₹10 lakh; 2% above ₹10 lakh
● All other outward remittances: Nil up to ₹10 lakh; 20% above ₹10 lakh

Note: TCS is not a final tax, it can be claimed as credit when filing your ITR. BookMyForex auto-calculates applicable TCS at checkout so there are no surprises.

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