Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to BANGLADESH

Data collected on: Nov 21, 2023-Nov 30, 2023
INR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (INR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
545.008.20
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
4.904.90
651.709.80
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
545.008.20
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
4.904.90
651.709.80
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
590.008.87
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
5.245.24
696.9210.48
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
590.008.87
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
5.245.24
696.9210.48
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
795.0011.95
2.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.48
8.468.46
1,125.1816.92
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,081.5716.26
0.81
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.81
8.948.94
1,189.0217.88
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,081.5716.26
0.81
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.81
8.948.94
1,189.0217.88
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,045.0015.71
2.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.48
10.3410.34
1,375.2220.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
12.31
Percentage difference between market reference rate 1.48 and exchange rate charged 1.30
12.31
12.3112.31
1,637.2324.62
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
13.15
Percentage difference between market reference rate 1.48 and exchange rate charged 1.28
13.15
13.1513.15
1,748.9526.30
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
517.187.78
10.57
Percentage difference between market reference rate 1.48 and exchange rate charged 1.32
10.57
14.4614.46
1,923.1828.92
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
264.673.98
13.13
Percentage difference between market reference rate 1.48 and exchange rate charged 1.28
13.13
15.1215.12
2,010.9630.24
Total Average Fourth Quarter 2023
9.339.33
Total Average Third Quarter 2023
7.987.98
Total Average
Fee
587.928.84
Exchange Rate Margin (%)
4.914.91
Total Cost Percent (%)
9.339.33
Total Cost (INR) Total Cost (USD)
1,241.3318.67
Non-Transparent records
Bank account transfer Credit Card Debit card
2 days 3-5 days
Bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
809.9412.16
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
3.233.23
1,075.5916.15
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
809.9412.16
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
3.233.23
1,075.5916.15
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
590.008.86
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
2.572.57
855.8112.85
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
590.008.86
0.80
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.80
2.572.57
855.8112.85
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
809.9412.16
2.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.48
4.914.91
1,635.0324.55
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,081.5716.24
0.81
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.81
4.064.06
1,351.9820.30
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,081.5716.24
0.81
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.81
4.064.06
1,351.9820.30
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,059.9415.92
2.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.48
5.665.66
1,884.7828.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
12.31
Percentage difference between market reference rate 1.48 and exchange rate charged 1.30
12.31
12.3112.31
4,099.2361.55
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
13.15
Percentage difference between market reference rate 1.48 and exchange rate charged 1.28
13.15
13.1513.15
4,378.9565.75
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
956.9814.37
10.57
Percentage difference between market reference rate 1.48 and exchange rate charged 1.32
10.57
13.4413.44
4,475.5267.20
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
662.679.95
13.13
Percentage difference between market reference rate 1.48 and exchange rate charged 1.28
13.13
15.1215.12
5,034.9675.60
Total Average Fourth Quarter 2023
7.037.03
Total Average Third Quarter 2023
5.685.68
Total Average
Fee
704.3810.58
Exchange Rate Margin (%)
4.914.91
Total Cost Percent (%)
7.037.03
Total Cost (INR) Total Cost (USD)
2,339.6035.13
Non-Transparent records
Bank account transfer Credit Card Debit card
2 days 3-5 days
Bank account