What types of beneficiaries can I transfer INR to?
You can send INR payments to individual and business accounts in India.
Payment Types
You can send INR via:
Local bank transfer
UPI
Name Checks
Name verification is required for INR transfers.
Is there a limit on the amount I can send?
Local bank transfer
Business accounts: INR 1,500,000 per transfer
Personal accounts: INR 100,000,000 per transfer
UPI
INR 200,000 per transfer
How long does it take for the funds to reach the beneficiary?
Cut-off Times: 24/7 processing
Delivery Estimate: Typically up to 1 business day after currency conversion is completed
Note: Currency conversion can take up to 2 business days from the time your transfer is approved.
What will the sender's name be reflected as?
Your business name will be displayed as the sender on the recipient's bank statement.
What types of payments are restricted?
Aspire does not support INR transfers for:
Investments
Charitable donations
This applies to all recipients in India, including registered charities.
What information should I include when sending INR transfers?
Local bank transfer
Full individual or business name: Latin alphabet only (a–z)
Account number: 5–20 digits
IFSC code:
11 characters
A combination of letters and numbers, usually starting with 4 letters
Transfer purpose (required)
Reference (optional, up to 16 characters)
UPI transfer
Recipient’s full name: Latin alphabet only (a–z)
UPI ID: Example yourname@bankname
Transfer purpose (required)
Traces and Recalls
Traces: Trace requests are supported. You will need to provide the recipient's bank statement to initiate a trace request.
Recalls: Recall requests are supported only for fraud-related cases.
To request a trace or recall, contact the Aspire Support Team via the Aspire app.
Bounceback
If your transfer is rejected by the recipient's bank, the funds will be returned to your Aspire account within 1-2 business days.
Is there any other information I need to know?
Your recipient may request a Foreign Inward Remittance Certificate (FIRC).
You can request this document from the Aspire Support team via the Aspire app.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.