Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to NEPAL

Data collected on: Sep 12, 2019
INR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
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
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
250.003.76
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
1.881.88
250.043.76
Total Average Third Quarter
2.002.00
Total Average Second Quarter
1.551.55
Total Average
Fee
266.434.01
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
2.002.00
Total Cost (INR) Total Cost (USD)
266.384.01
Non-Transparent records
Bank account transfer Cash
Next day 2 days 3-5 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
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
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
250.003.75
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
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.
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. · 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.
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
Total Average Third Quarter
0.930.93
Total Average Second Quarter
0.640.64
Total Average
Fee
309.274.64
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
0.930.93
Total Cost (INR) Total Cost (USD)
309.214.64
Non-Transparent records
Bank account transfer Cash
Next day 2 days 3-5 days
Bank account Cash Own/partner bank account