Remittance Prices Worldwide

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Sending money from INDIA to NEPAL

Data collected on: May 11, 2020
INR | USD
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
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
0.000.00
Exchange rate margin (%)
0.56
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.56
Total cost (%)
0.560.56
Total cost (INR)sort descendingTotal cost (USD)sort descending
74.481.12
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 (%)
1.46
Percentage difference between market reference rate 1.61 and exchange rate charged 1.581.46
Total cost (%)
1.461.46
Total cost (INR)sort descendingTotal cost (USD)sort descending
194.182.92
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
200.003.01
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.11
Total cost (%)
1.621.62
Total cost (INR)sort descendingTotal cost (USD)sort descending
215.463.24
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
500.007.52
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
3.913.91
Total cost (INR)sort descendingTotal cost (USD)sort descending
520.037.82
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
750.0011.28
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.96
Total cost (%)
7.607.60
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,010.8015.20
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
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
20.000.30
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.150.15
Total cost (INR)sort descendingTotal cost (USD)sort descending
19.950.30
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. · 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
50.000.75
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.380.38
Total cost (INR)sort descendingTotal cost (USD)sort descending
50.540.76
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
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95.001.43
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.710.71
Total cost (INR)sort descendingTotal cost (USD)sort descending
94.431.42
Total Average Second Quarter
2.052.05
Total Average First Quarter
1.701.70
Total Average
Fee
201.883.04
Exchange Rate Margin (%)
0.530.53
Total Cost Percent (%)
2.052.05
Total Cost (INR) Total Cost (USD)
272.484.10
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
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
0.000.00
Exchange rate margin (%)
0.56
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.56
Total cost (%)
0.560.56
Total cost (INR)sort descendingTotal cost (USD)sort descending
186.482.80
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
200.003.00
Exchange rate margin (%)
0.11
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.11
Total cost (%)
0.710.71
Total cost (INR)sort descendingTotal cost (USD)sort descending
236.433.55
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 (%)
1.46
Percentage difference between market reference rate 1.61 and exchange rate charged 1.581.46
Total cost (%)
1.461.46
Total cost (INR)sort descendingTotal cost (USD)sort descending
486.187.30
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
750.0011.26
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 0.01 and exchange rate charged 0.010.15
Total cost (%)
2.412.41
Total cost (INR)sort descendingTotal cost (USD)sort descending
802.5312.05
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
750.0011.26
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.96
Total cost (%)
4.214.21
Total cost (INR)sort descendingTotal cost (USD)sort descending
1,401.9321.05
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
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
20.000.30
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.060.06
Total cost (INR)sort descendingTotal cost (USD)sort descending
19.980.30
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
SBI-Nepal Express Remit
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
95.001.43
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.290.29
Total cost (INR)sort descendingTotal cost (USD)sort descending
96.571.45
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. · 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
99.901.50
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
0.300.30
Total cost (INR)sort descendingTotal cost (USD)sort descending
99.901.50
Total Average Second Quarter
1.251.25
Total Average First Quarter
0.900.90
Total Average
Fee
239.363.59
Exchange Rate Margin (%)
0.530.53
Total Cost Percent (%)
1.251.25
Total Cost (INR) Total Cost (USD)
416.256.25
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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