Send Money to Norway

Norway is home to around 24,000 Indians, one of the oldest South Asian communities in the Nordics. Oslo anchors the community, with smaller populations in Bergen, Stavanger, and Trondheim. Indian migration here began in the 1960s and 70s and has since shifted towards skilled professionals.

The corridor today is shaped by energy, engineering, and technology. Indians work across Norway's oil and gas sector in Stavanger, maritime and shipping industries in Bergen, and IT roles in Oslo. Norwegian universities also attract Indian postgraduates, helped by low or no tuition at public institutions.

Norway consistently ranks among the world's most expensive countries, which makes sending money here a significant requirement. Rent deposits, living costs, and family support often involve large transfers in NOK.

Even small differences in exchange rates or fees can meaningfully affect the final amount received. BookMyForex helps you send money to Norway securely and efficiently, with better exchange rates, faster processing, and complete transparency at every step. 

Indian remittances to Norway are concentrated in a handful of cities. Oslo receives by far the highest volume, home to the largest Indian community, most technology and corporate employers, and the University of Oslo. Stavanger attracts significant transfers tied to the oil and gas sector, where Indian engineers are well represented.

Bergen sees inflows linked to maritime, shipping, and energy roles. Trondheim receives transfers connected to NTNU and its sizeable Indian student population, while smaller but regular amounts reach Drammen, Kristiansand, and Trondheim's surrounding research clusters, tied to engineering roles and long-settled Indian families. 

Norway requires the IBAN and the bank's BIC or SWIFT code for all incoming international transfers, and accurate details are essential to avoid rejection or delay. Most recipients hold accounts with major Norwegian banks such as DNB, Nordea, SpareBank 1, or Danske Bank, making bank-to-bank transfers the preferred and most reliable method.

Cash use in Norway is minimal and digital banking is near-universal. Funds sent from India are credited in NOK, allowing recipients to use the money immediately for rent, groceries, or everyday expenses. 

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.

 Know More About TCS →