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Sending money from INDIA to NEPAL

Data collected on: Feb 15, 2018
INR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
SBI-Nepal Express Remit
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
20.000.30
0.47
0.47
0.620.62
82.461.24
SBI-Nepal Express Remit
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
95.001.43
0.47
0.47
1.181.18
156.942.36
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. · Indo Nepal Remittance Scheme
Punjab National Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
39.900.60
0.00
0.00
0.300.30
39.900.60
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.
Bank of India
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
200.003.01
0.00
0.00
1.501.50
199.503.00
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.
Bank of Baroda
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
200.003.01
0.00
0.00
1.501.50
199.503.00
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. · This RSP's fees are quoted only in USD. FOREX Outward Remittance Scheme
State Bank of India
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
665.0010.00
0.00
0.00
5.005.00
665.0010.00
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.
ICICI Bank Money2World
Payment instrument
Access point
Internet
Sending network coverage
Low
Receiving method
Medium
750.0011.28
0.00
0.00
5.645.64
750.1211.28
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.
ICICI Bank Money2World
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,000.0015.04
0.00
0.00
7.527.52
1,000.1615.04
Total Average First Quarter
2.912.91
Total Average Fourth Quarter 2017
2.302.30
Total Average
Fee
371.245.58
Exchange Rate Margin (%)
0.120.12
Total Cost Percent (%)
2.912.91
Total Cost (INR) Total Cost (USD)
386.705.82
Non-Transparent records
Bank account transfer Cash
Next day 2 days 3-5 days
Bank account Bank account (same/partner bank) Cash
Payment instrument
Access point
Sending network coverage
Receiving method
SBI-Nepal Express Remit
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
20.000.30
0.47
0.47
0.530.53
176.492.65
SBI-Nepal Express Remit
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
95.001.43
0.47
0.47
0.750.75
249.753.75
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. · Indo Nepal Remittance Scheme
Punjab National Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
99.901.50
0.00
0.00
0.300.30
99.901.50
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.
Bank of India
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
200.003.00
0.00
0.00
0.600.60
199.803.00
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.
Bank of Baroda
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
200.003.00
0.00
0.00
0.600.60
199.803.00
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. · This RSP's fees are quoted only in USD. FOREX Outward Remittance Scheme
State Bank of India
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Receiving method
Medium
666.0010.00
0.00
0.00
2.002.00
666.0010.00
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.
ICICI Bank Money2World
Payment instrument
Access point
Internet
Sending network coverage
Low
Receiving method
Medium
750.0011.26
0.00
0.00
2.252.25
749.2511.25
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.
ICICI Bank Money2World
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
1,000.0015.02
0.00
0.00
3.003.00
999.0015.00
Total Average First Quarter
1.251.25
Total Average Fourth Quarter 2017
0.940.94
Total Average
Fee
378.865.69
Exchange Rate Margin (%)
0.120.12
Total Cost Percent (%)
1.251.25
Total Cost (INR) Total Cost (USD)
417.506.27
Non-Transparent records
Bank account transfer Cash
Next day 2 days 3-5 days
Bank account Bank account (same/partner bank) Cash