Send Money to Saudi Arabia

Saudi Arabia hosts one of the largest Indian communities anywhere in the world, with close to 2.75 million Indians living and working across the Kingdom. From Riyadh and Jeddah to Dammam, Al Khobar, and Jubail, Indians form a substantial part of the workforce.

The corridor is dominated by employment rather than education. Indians work across construction, oil and gas, healthcare, engineering, retail, hospitality, and domestic services, with a large share originating from Kerala, Tamil Nadu, Uttar Pradesh, and Andhra Pradesh. Most hold work-linked residency rather than permanent settlement.

Because families typically remain in India, the money flow usually runs the other way. Still, transfers from India to Saudi Arabia are regularly needed for business payments, recruitment and visa costs, Hajj and Umrah expenses, and supporting family members during extended stays.

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

Indian money transfers to Saudi Arabia follow the Kingdom's major employment and commercial centres. Riyadh receives the highest volume, driven by government contracts, corporate offices, and a large Indian professional workforce. Jeddah is a close second, tied to trade, shipping, and its role as the gateway for Hajj and Umrah pilgrims.

The Eastern Province, particularly Dammam, Al Khobar, and Dhahran, attracts substantial transfers linked to oil, gas, and engineering. Makkah and Madinah receive concentrated pilgrimage-related transfers, while Jubail and Yanbu see steady inflows tied to petrochemical projects and the Indian engineering workforce. 

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Saudi Arabia mandates the IBAN for all incoming international transfers, so the recipient's IBAN and the bank's SWIFT code must be accurate to avoid rejection. Most recipients hold accounts with major Saudi banks such as Al Rajhi Bank, Saudi National Bank, Riyad Bank, or SAB, making bank-to-bank transfers the preferred method. Digital banking is widely adopted across the Kingdom.

Funds sent from India are credited in SAR, allowing recipients to use the money immediately for rent, business payments, pilgrimage costs, or daily 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.

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