Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to NEPAL

Data collected on: Oct 28, 2020
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
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 (%)
0.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.32
Total cost (%)
2.092.09
Total cost (INR)sort descendingTotal cost (USD)sort descending
277.974.18
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 (%)
2.42
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.42
Total cost (%)
2.422.42
Total cost (INR)sort descendingTotal cost (USD)sort descending
321.864.84
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
590.008.87
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.41
Total cost (%)
4.854.85
Total cost (INR)sort descendingTotal cost (USD)sort descending
645.059.70
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
875.0013.16
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.88
Total cost (%)
7.467.46
Total cost (INR)sort descendingTotal cost (USD)sort descending
992.1814.92
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
885.0013.31
Exchange rate margin (%)
1.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.98
Total cost (%)
8.648.64
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,149.1217.28
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.180.18
Total cost (INR)sort descendingTotal cost (USD)sort descending
23.940.36
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending. &middot; Indo Nepal Remittance Scheme
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 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.440.44
Total cost (INR)sort descendingTotal cost (USD)sort descending
58.520.88
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
112.101.69
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.840.84
Total cost (INR)sort descendingTotal cost (USD)sort descending
111.721.68
Total Average Fourth Quarter 2020
3.373.37
Total Average Third Quarter 2020
2.822.82
Total Average
Fee
347.595.23
Exchange Rate Margin (%)
0.750.75
Total Cost Percent (%)
3.373.37
Total Cost (INR) Total Cost (USD)
447.556.73
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days 3-5 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
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 (%)
0.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.32
Total cost (%)
1.021.02
Total cost (INR)sort descendingTotal cost (USD)sort descending
339.665.10
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 (%)
2.42
Percentage difference between market reference rate 1.61 and exchange rate charged 1.572.42
Total cost (%)
2.422.42
Total cost (INR)sort descendingTotal cost (USD)sort descending
805.8612.10
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
885.0013.29
Exchange rate margin (%)
0.41
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.41
Total cost (%)
3.073.07
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,022.3115.35
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
875.0013.14
Exchange rate margin (%)
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.88
Total cost (%)
3.513.51
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,168.8317.55
Firm
ICICI Bank Money2World
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
885.0013.29
Exchange rate margin (%)
1.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.98
Total cost (%)
4.644.64
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,545.1223.20
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
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 (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.070.07
Total cost (INR)sort descendingTotal cost (USD)sort descending
23.310.35
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
112.101.68
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.340.34
Total cost (INR)sort descendingTotal cost (USD)sort descending
113.221.70
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending. &middot; Indo Nepal Remittance Scheme
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
118.001.77
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.350.35
Total cost (INR)sort descendingTotal cost (USD)sort descending
116.551.75
Total Average Fourth Quarter 2020
1.931.93
Total Average Third Quarter 2020
1.711.71
Total Average
Fee
391.845.88
Exchange Rate Margin (%)
0.750.75
Total Cost Percent (%)
1.931.93
Total Cost (INR) Total Cost (USD)
641.869.64
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors To Nepal
Least Costly Corridors From India
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