Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to BANGLADESH

Data collected on: May 25, 2021-Jun 29, 2021
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
Internet
Sending network coverage
High
Receiving method
High
590.008.87
0.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.51
4.954.95
658.359.90
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
200.003.01
0.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.51
2.012.01
267.334.02
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
200.003.01
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
2.382.38
316.544.76
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
200.003.01
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
2.382.38
316.544.76
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,475.0022.18
1.61
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.61
12.7012.70
1,689.1025.40
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,475.0022.18
1.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.91
13.0013.00
1,729.0026.00
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
976.3814.68
0.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.96
8.308.30
1,103.9016.60
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
976.3814.68
0.97
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.97
8.318.31
1,105.2316.62
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.88
Percentage difference between market reference rate 1.16 and exchange rate charged 1.13
2.88
2.882.88
383.045.76
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.000.03
2.88
Percentage difference between market reference rate 1.16 and exchange rate charged 1.13
2.88
2.902.90
385.705.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.37
Percentage difference between market reference rate 1.16 and exchange rate charged 1.16
0.37
0.370.37
49.210.74
Total Average Second Quarter
5.475.47
Total Average First Quarter
4.354.35
Total Average
Fee
554.078.33
Exchange Rate Margin (%)
1.311.31
Total Cost Percent (%)
5.475.47
Total Cost (INR) Total Cost (USD)
727.6310.94
Non-Transparent records
Bank account transfer Credit Card Debit card
Next day 2 days 3-5 days
Bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
2.88
Percentage difference between market reference rate 1.16 and exchange rate charged 1.13
2.88
2.882.88
959.0414.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.37
Percentage difference between market reference rate 1.16 and exchange rate charged 1.16
0.37
0.370.37
123.211.85
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.000.03
2.88
Percentage difference between market reference rate 1.16 and exchange rate charged 1.13
2.88
2.892.89
962.3714.45
Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
200.003.00
0.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.51
1.111.11
369.635.55
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
200.003.00
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
1.481.48
492.847.40
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
200.003.00
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
1.481.48
492.847.40
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
885.0013.29
0.51
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.51
3.173.17
1,055.6115.85
State Bank of India
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
976.3814.66
0.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.96
3.893.89
1,295.3719.45
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
976.3814.66
0.97
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.97
3.913.91
1,302.0319.55
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
1,572.9423.62
1.61
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.61
6.346.34
2,111.2231.70
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1,572.9423.62
1.91
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.91
6.646.64
2,211.1233.20
Total Average Second Quarter
3.113.11
Total Average First Quarter
2.602.60
Total Average
Fee
598.698.99
Exchange Rate Margin (%)
1.311.31
Total Cost Percent (%)
3.113.11
Total Cost (INR) Total Cost (USD)
1,034.1215.53
Non-Transparent records
Bank account transfer Credit Card Debit card
Next day 2 days 3-5 days
Bank account