India

<div>
  <p>
    Wise is licensed to hold your money, and as part of keeping it safe, we follow strict rules set out by the regulators in the countries where we operate. 
  </p>
  <p>
    As of 30 September 2024, our customers are trusting us with the equivalent of 14.7 billion GBP in their Wise accounts.
  </p>
  <p>
    If you keep money with us, our regulatory obligation is to hold all of it in cash, secure liquid assets, or insured by a comparable guarantee. 
  </p>
  <h3>
    How is this different from a bank?
  </h3>
  <p>
    We don’t lend out your money. Banks do. This is why governments require them to insure their deposits by participating in country-specific deposit insurance schemes, like the 
    <a  href="https://www.fscs.org.uk/about-us/" rel="noreferrer" target="_blank">
      FSCS
    </a>
     in the UK. 
  </p>
  <p>
    Because we’re not lending your money, we handle it differently by safeguarding it. 
  </p>
  <h3>
    What is safeguarding?
  </h3>
  <p>
    Safeguarding means we look after your money by keeping it separate from our own money, and making it available to you whenever you need it. 
  </p>
  <p>
    How we hold your money can vary by country, for example:
  </p>
  <ul>
    <li>
      <p>
        <a href="/help/articles/4IusAofIppsIGPcs7sEIXI/how-our-uk-entity-wise-payments-ltd-safeguards-customer-funds">Wise Payments Ltd (UK)</a>
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/50VrYRVwHcsYeKzvWbjf3n/how-our-eu-entity-wise-europe-sa-safeguards-customer-funds">Wise Europe SA (EEA)</a>
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/5toCJQjm9MkTs8bEKSm30O/how-our-us-entity-wise-us-inc-protects-customer-funds">Wise US Inc (USA)</a>
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/7vOtfWfDbPfF3C8LRSqdxU/how-our-japanese-entity-wise-payments-japan-k-k-safeguards-customer-funds">Wise Payments Japan KK (Japan)</a>
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/7cUlHeJwqj6AHM69S8qRCA/holding-money-if-you-live-in-brazil">Wise Brasil Instituição de Pagamento Ltda (Brazil)</a>
      </p>
    </li>
  </ul>
  <p>
    <a  href="https://wise.com/en/legal/terms-and-conditions" rel="noreferrer" target="_blank">
      Learn which Wise group entity provides services to you
    </a>
  </p>
  <p>
    <a href="/help/articles/2932693/how-is-wise-regulated-in-each-country">Learn more about where we’re regulated</a>
  </p>
  <h3>
    <b>How we keep your money available to you even during market turmoil</b>
  </h3>
  <p>
    We make sure your money is safe and readily available to you. Most of your money is in secure liquid assets — such as EU, UK and US Government bonds, and money market funds as of 1 April 2024. 
  </p>
  <p>
    For a government bond to fail, the government would need to default on their loan payments, which almost never happens with stable governments.
  </p>
  <p>
    The bonds we hold are mostly short-term bonds, so we’re not materially exposed to increasing interest rates, making us more resilient. 
  </p>
  <p>
    The average duration of the bonds we hold is under 6 months, with the majority of bonds having a remaining term of 3 months or less.
  </p>
  <p>
    The money that we put into banks, we hold it in several reputable banks with strong liquidity.
  </p>
</div>


How Wise keeps your money safe

<div>
  <h3>
    <b>Adding money</b>
  </h3>
  <p>
    You can 
    <a  target="_blank" href="https://wise.com/help/articles/2596978/how-do-i-add-money-to-a-currency-account" rel="noreferrer">
      <u>add money</u>
    </a>
     to your account in these currencies: AUD, BGN, BRL*, CAD, CNY*, CHF, CZK, DKK, EUR, GBP, HKD*, HUF, IDR*, ILS*, JPY, MYR*, NOK, NZD, PHP*, PLN, RON, SEK, SGD, TRY and USD.
  </p>
  <p>
    *BRL: you need to be a
    <a  target="_blank" href="https://wise.com/help/articles/2965780/getting-verified-in-brazil" rel="noreferrer">
      <u> Brazilian tax resident </u>
    </a>
    to add money in BRL
  </p>
  <p>
    *CNY: only if you're 
    <a  target="_blank" href="https://wise.com/help/articles/2955298/guide-to-cny-transfers" rel="noreferrer">
      <u>eligible to send money from CNY</u>
    </a>
  </p>
  <p>
    *IDR: can be used to top up any currency except IDR
  </p>
  <p>
    *ILS: only if you're an Israeli national, independently of where you live
  </p>
  <p>
    *HKD: limited to non-Hong Kong personal customers, and companies registered in Hong Kong
  </p>
  <p>
    *MYR: only customers with an address in Malaysia can add MYR directly to their account
  </p>
  <p>
    *PHP: only customers with an address in the Philippines can add PHP directly to their account
  </p>
  <h3>
    <b>Holding money</b>
  </h3>
  <p>
    You can keep 
    <a  target="_blank" href="https://wise.com/flows/open-balance#/currency" rel="noreferrer">
      <u>40+ currencies</u>
    </a>
     in your account, and 
    <a  target="_blank" href="https://wise.com/help/articles/2596980/how-can-i-convert-money" rel="noreferrer">
      <u>convert money</u>
    </a>
     between any of them with the mid-market exchange rate.
  </p>
  <p>
    Note that INR customers are not able to hold INR in their accounts.
  </p>
  <h3>
    <b>Receiving money</b>
  </h3>
  <p>
    You can receive money by bank transfer from other people in these currencies using account details.
  </p>
  <table class="table table-striped table-condensed table-responsive">
  <thead>
  <tr>
  <th>Currency</th>
  <th>Receive locally</th>
  <th>Receive with Swift</th>
  </tr>
  </thead>
  <tbody>
  <tr>
  <td>AUD, CAD, EUR, GBP, HKD, HUF, NZD, SGD, USD</td>
  <td>Yes</td>
  <td>Yes</td>
  </tr>
  <tr>
  <td>BGN, CHF, CZK, CNY, ZAR, UGX, AED, ILS, DKK, JPY, NOK, SEK</td>
  <td>No</td>
  <td>Yes</td>
  </tr>
  <tr>
  <td>PLN, RON</td>
  <td>Yes* (restricted)</td>
  <td>Yes</td>
  </tr>
  <tr>
  <td>MYR</td>
  <td>Yes* (restricted)</td>
  <td>No</td>
  </tr>
  <tr>
  <td>TRY</td>
  <td>Yes*</td>
  <td>No</td>
  </tr>
  </tbody>
  </table>
  <p>
    Note that some customers can't receive payments in some currencies:
  </p>
  <ul>
    <li>
      <p>
        <a href="/help/articles/2lDYkmGHRiyfl1T8XKuahU/how-do-i-receive-money-with-my-myr-account-details">MYR</a>
         from any bank account in Malaysia (only available if you're a resident in Malaysia and only supported for personal accounts)
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/2977948/how-do-i-use-my-pln-account-details">PLN</a>
         from any bank account in Poland (we’ve had to stop users from getting PLN account details for now while we make improvements; if you have them already, you can keep using them as normal)
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/2978062/how-do-i-use-my-ron-account-details">RON</a>
         local account details can receive from any bank account in Romania (only available if you’re a resident in the EEA, Switzerland, the US, Canada, Australia, or Japan). 
        <a href="/help/articles/3RsM6nQLRuRBkzZzrdv67C/ron-account-details-no-longer-available-for-wise-customers-outside-of-eu">RON account details are no longer available for Wise customers outside the EEA</a>
      </p>
    </li>
    <li>
      <p>
        <a href="/help/articles/2978080/how-do-i-use-my-try-account-details">TRY</a>
         is only available for customers not residing in Türkiye
      </p>
    </li>
    <li>
      <p>
        USD local account details are not available everywhere. 
        <a href="/help/articles/2810318/can-i-get-usd-account-details">Check if you can get USD details</a>
      </p>
    </li>
  </ul>
  <p>
    <b>Note</b>
    : You can receive multiple different currencies to your GBP Swift/global account details: 
    <b>GBP, EUR, USD, AED, AUD, BGN, CAD, CHF, CZK, CNY, DKK, HKD, HUF, ILS, JPY, NOK, NZD, PLN, SEK, RON, SGD, UGX and ZAR.</b>
  </p>
  <p>
    <a href="/help/articles/5zoKjEdRMag0F7IsGBA8sK/how-do-i-receive-domestic-and-international-payments-into-my-wise-account">Check where you can receive from and the latest fees</a>
  </p>
  <p>
    <a href="/help/articles/2935927/how-do-i-use-my-gbp-account-details">Learn more about using your GBP account details to receive SWIFT payments</a>
  </p>
  <p>
    To receive money from other people in these currencies, just add the currency in the currency you’re being paid in and give the account details to your friends, company or customers.
  </p>
  <p>
    <a href="/help/articles/2898124/how-do-i-receive-money-to-my-wise-account-details">Learn how to receive money from others</a>
  </p>
</div>


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Frequently asked questions

How Wise keeps your money safe

Which currencies can I add, keep and receive in my Wise account?