Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to PAKISTAN

Data collected on: Aug 24, 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 (%)
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
Low
545.008.20
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
4.894.89
650.379.78
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
545.008.20
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
4.894.89
650.379.78
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
590.008.87
0.78
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.78
5.225.22
694.2610.44
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
590.008.87
0.78
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.78
5.225.22
694.2610.44
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
1,045.0015.71
2.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.46
10.3210.32
1,372.5620.64
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
795.0011.95
2.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.46
8.448.44
1,122.5216.88
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
1,072.3016.12
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
8.858.85
1,177.0517.70
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1,072.3016.12
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
8.858.85
1,177.0517.70
Total Average Third Quarter 2023
7.097.09
Total Average Second Quarter 2023
6.626.62
Total Average
Fee
781.8311.76
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
7.097.09
Total Cost (INR) Total Cost (USD)
942.3114.17
Non-Transparent records
Bank account transfer
2 days 6 days or more
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
Low
809.9412.16
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
3.223.22
1,072.2616.10
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
809.9412.16
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
3.223.22
1,072.2616.10
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
590.008.86
0.78
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.78
2.552.55
849.1512.75
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
590.008.86
0.78
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.78
2.552.55
849.1512.75
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
1,059.9415.92
2.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.46
5.645.64
1,878.1228.20
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
809.9412.16
2.46
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.46
4.894.89
1,628.3724.45
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Low
1,072.3016.10
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
4.014.01
1,335.3320.05
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
1,072.3016.10
0.79
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.79
4.014.01
1,335.3320.05
Total Average Third Quarter 2023
3.763.76
Total Average Second Quarter 2023
3.523.52
Total Average
Fee
851.8012.79
Exchange Rate Margin (%)
1.211.21
Total Cost Percent (%)
3.763.76
Total Cost (INR) Total Cost (USD)
1,252.5018.81
Non-Transparent records
Bank account transfer
2 days 6 days or more
Bank account