Remittance Prices Worldwide

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Sending money from INDIA to NEPAL

Data collected on: Aug 29, 2022-Aug 30, 2022
INR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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 (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (INR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
23.600.35
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.03
Total cost (%)
0.210.21
Total cost (INR)sort descendingTotal cost (USD)sort descending
27.930.42
Firm
Punjab National Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
59.000.89
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.00
Total cost (%)
0.450.45
Total cost (INR)sort descendingTotal cost (USD)sort descending
59.850.90
Firm
Punjab & Sind Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
75.001.13
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.00
Total cost (%)
0.570.57
Total cost (INR)sort descendingTotal cost (USD)sort descending
75.811.14
Firm
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
112.101.69
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.03
Total cost (%)
0.870.87
Total cost (INR)sort descendingTotal cost (USD)sort descending
115.711.74
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
236.003.55
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.48
Total cost (%)
2.252.25
Total cost (INR)sort descendingTotal cost (USD)sort descending
299.254.50
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 1.60 and exchange rate charged 1.552.90
Total cost (%)
2.902.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
385.705.80
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
545.008.20
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.44
Total cost (%)
4.544.54
Total cost (INR)sort descendingTotal cost (USD)sort descending
603.829.08
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
266.254.00
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 1.60 and exchange rate charged 1.552.90
Total cost (%)
4.904.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
651.709.80
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1,049.1715.78
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.08
Total cost (%)
8.978.97
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,193.0117.94
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
930.0013.98
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.27
Total cost (%)
9.279.27
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,232.9118.54
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1,225.0018.42
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.27
Total cost (%)
11.4911.49
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,528.1722.98
Total Average Third Quarter 2022
4.224.22
Total Average Second Quarter 2022
4.524.52
Total Average
Fee
411.016.18
Exchange Rate Margin (%)
1.131.13
Total Cost Percent (%)
4.224.22
Total Cost (INR) Total Cost (USD)
561.268.44
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days
Bank account Cash Mobile wallet Own/partner bank account
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (INR)sort descendingTotal cost (USD)sort descending
Firm
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
23.600.35
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.03
Total cost (%)
0.100.10
Total cost (INR)sort descendingTotal cost (USD)sort descending
33.300.50
Firm
Punjab & Sind Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
75.001.13
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.00
Total cost (%)
0.230.23
Total cost (INR)sort descendingTotal cost (USD)sort descending
76.591.15
Firm
Punjab National Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
120.361.81
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.00
Total cost (%)
0.360.36
Total cost (INR)sort descendingTotal cost (USD)sort descending
119.881.80
Firm
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
112.101.68
Exchange rate margin (%)
0.03
Percentage difference between market reference rate 1.60 and exchange rate charged 1.600.03
Total cost (%)
0.370.37
Total cost (INR)sort descendingTotal cost (USD)sort descending
123.211.85
Firm
Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
236.003.54
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.48
Total cost (%)
1.181.18
Total cost (INR)sort descendingTotal cost (USD)sort descending
392.945.90
Firm
Bank of Baroda
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
809.9412.16
Exchange rate margin (%)
0.44
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.44
Total cost (%)
2.882.88
Total cost (INR)sort descendingTotal cost (USD)sort descending
959.0414.40
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 1.60 and exchange rate charged 1.552.90
Total cost (%)
2.902.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
965.7014.50
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1,049.1715.75
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.08
Total cost (%)
4.234.23
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,408.5921.15
Firm
Skrill
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
666.6510.01
Exchange rate margin (%)
2.90
Percentage difference between market reference rate 1.60 and exchange rate charged 1.552.90
Total cost (%)
4.904.90
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,631.7024.50
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
944.9414.19
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.27
Total cost (%)
5.115.11
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,701.6325.55
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
1,239.9418.62
Exchange rate margin (%)
2.27
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.27
Total cost (%)
6.006.00
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,998.0030.00
Total Average Third Quarter 2022
2.572.57
Total Average Second Quarter 2022
2.712.71
Total Average
Fee
479.797.20
Exchange Rate Margin (%)
1.131.13
Total Cost Percent (%)
2.572.57
Total Cost (INR) Total Cost (USD)
855.5112.85
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors To Nepal
Least Costly Corridors From India
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