Remittance Prices Worldwide

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Sending money from INDIA to NEPAL

Data collected on: Feb 05, 2020
INR | USD
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
1.45
Percentage difference between market reference rate 1.61 and exchange rate charged 1.58
1.45
1.451.45
192.852.90
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.
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
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
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
500.007.52
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.763.76
500.087.52
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
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
200.003.01
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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.
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
750.0011.28
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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. · Indo Nepal Remittance Scheme
Punjab National Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
High
50.000.75
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.380.38
50.540.76
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
Receiving method
Medium
20.000.30
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.150.15
19.950.30
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
Receiving method
High
95.001.43
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.710.71
94.431.42
Total Average First Quarter
1.701.70
Total Average Fourth Quarter 2019
2.002.00
Total Average
Fee
201.883.04
Exchange Rate Margin (%)
0.180.18
Total Cost Percent (%)
1.701.70
Total Cost (INR) Total Cost (USD)
225.933.40
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
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
1.45
Percentage difference between market reference rate 1.61 and exchange rate charged 1.58
1.45
1.451.45
482.857.25
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.
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.000.00
0.000.00
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.
SBI-Nepal Express Remit
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
20.000.30
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.060.06
19.980.30
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
Receiving method
High
99.901.50
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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.
SBI-Nepal Express Remit
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
95.001.43
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
0.290.29
96.571.45
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
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
200.003.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
750.0011.26
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Medium
750.0011.26
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.252.25
749.2511.25
Total Average First Quarter
0.900.90
Total Average Fourth Quarter 2019
0.930.93
Total Average
Fee
239.363.59
Exchange Rate Margin (%)
0.180.18
Total Cost Percent (%)
0.900.90
Total Cost (INR) Total Cost (USD)
299.704.50
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