Revolut officially entered India in 2021 through a soft launch, but the app remains invitation-only in 2026 as the company works through full Reserve Bank of India (RBI) authorization and on-ground partnerships. If you are still stuck on the waitlist, here is the exact status, what features you can expect, and the best alternatives you can start using immediately.
Revolut India Timeline
- 2021: Revolut opens India HQ in Bengaluru and starts early employee testing.
- 2022: RBI sandbox approval for cross-border payments; limited beta users invited.
- 2023: Revolut begins integrating with local banking partners for UPI + RuPay issuance.
- 2026: Public launch still pending. Waitlist customers receive occasional surveys but no firm launch date.
What Will Revolut Offer in India?
Based on regulatory filings and job listings, Revolut plans to deliver:
- Multi-currency accounts with INR, USD, GBP, EUR balances.
- Linked RuPay/UPI compatible cards for domestic use.
- International money transfer via SWIFT, SEPA, and UPI.
- Budgeting, analytics, and savings vaults similar to the global app.
- Crypto and stock trading features may roll out later, subject to RBI clarity.
Best Revolut Alternatives Available Right Now
| App | Key Features | Forex Markup | Ideal For | Download |
|---|---|---|---|---|
| Niyo Global | Visa debit card, free international ATM withdrawals (limited), INR account. | 0% markup on select plans | Students & frequent travelers | Apply → |
| Wise (TransferWise) | Multi-currency balances, international transfers, virtual card. | ~0.6% average | Freelancers, remote workers | Get Wise → |
| Fi Money | Zero-balance savings, smart insights, debit card. | 2.5% forex markup | Daily spending & budgeting | Join Fi → |
| HDFC ForexPlus / Axis Forex | Physical travel cards with airport pickup. | 2%–3% | Short-term travel | Apply via bank branch |
Simple Steps to Join the Revolut India Waitlist
- Visit revolut.com/en-IN and click “Join Waitlist.”
- Enter your Indian mobile number + email address.
- Verify OTP and complete KYC when invited.
- Follow Revolut India on LinkedIn and Instagram for early-access announcements.
- Enable notifications for UPI, RuPay, and cross-border payment updates.
Is Revolut Safe & RBI Compliant?
Revolut holds an EMI (Electronic Money Institution) license in Europe and is supervised by the FCA (UK). In India, the company is working with RBI’s regulatory sandbox and partnering with licensed banks for card issuance. Funds are expected to be safeguarded with a local banking partner, but deposit insurance details will only be confirmed at full launch.
Revolut India FAQ
Is Revolut available in India now?
Not fully. Only early beta testers have access. The public launch is pending final regulatory approvals. Join the waitlist to be notified.
How do I get the Revolut India card?
Once the app opens, you will complete KYC (PAN + Aadhaar) and link a bank account/UPI ID. A RuPay/ Visa debit card will then be shipped to your address.
What can I use while waiting?
Use Niyo Global, Wise, Fi Money, or traditional forex cards. These support INR funding, international spending, and budgeting tools similar to Revolut.
Does Revolut support Indian freelancers?
Not yet, but Wise and Payoneer already provide USD/EUR receiving accounts. Link those to Indian banks for fast withdrawals.