Send Money to Uzbekistan (in USD)

Uzbekistan hosts a growing Indian community, with around 16,000 Indians across the country. Tashkent anchors the community, alongside Samarkand, Andijan, Bukhara, and Fergana.

The corridor is driven overwhelmingly by medical education. Uzbek state medical institutes admit large numbers of Indian MBBS students at fees well below private Indian colleges, and Tashkent, Samarkand, and Andijan carry the biggest cohorts. Alongside the students, Indian pharmaceutical, textile, and hospitality businesses have built a steady presence since visa rules were relaxed.

These ties make sending money to Uzbekistan a regular requirement. Tuition instalments and hostel charges are commonly quoted in US dollars, and transfers are sent in dollars rather than in Uzbek som. Universities generally invoice in dollars and expect payment against that invoice, so the fee amount does not move with the som exchange rate.

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

Indian transfers to Uzbekistan cluster around the medical university cities. Tashkent receives the highest volume by a wide margin, home to the largest student cohort, the Indian embassy, most business offices, and the biggest concentration of Indian restaurants and hostels.

Samarkand attracts steady inflows tied to its state medical university and a large Indian student population. Andijan and Bukhara receive transfers connected to medical institutes and regional trade, while Fergana, Namangan, and Nukus see smaller flows tied to students and distributors. Termez and Urgench see occasional flows tied to smaller faculties and regional trading contacts. 

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Accurate beneficiary details, including the recipient's account number and the bank's SWIFT code, are essential, and universities usually supply a formal invoice naming the account that must receive the fee.

Transfers from India are sent in US dollars. Many Uzbek institutions and banks hold dollar accounts directly, so funds often stay in dollars rather than converting to som. Most recipients bank with the National Bank of Uzbekistan, SQB, Ipoteka Bank, or Kapitalbank. 

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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