Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from INDIA to PAKISTAN

Data collected on: Oct 28, 2020
INR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)sort descending
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
236.003.55
0.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.32
2.092.09
277.974.18
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
590.008.87
0.41
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.41
4.854.85
645.059.70
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
875.0013.16
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
7.467.46
992.1814.92
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
0.93
Percentage difference between market reference rate 2.18 and exchange rate charged 2.16
0.93
0.930.93
123.691.86
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
885.0013.31
1.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.98
8.648.64
1,149.1217.28
Total Average Fourth Quarter 2020
4.794.79
Total Average Third Quarter 2020
4.084.08
Total Average
Fee
517.207.78
Exchange Rate Margin (%)
0.900.90
Total Cost Percent (%)
4.794.79
Total Cost (INR) Total Cost (USD)
637.609.59
Non-Transparent records
Bank account transfer Debit/credit card
2 days 3-5 days
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
Low
0.000.00
0.93
Percentage difference between market reference rate 2.18 and exchange rate charged 2.16
0.93
0.930.93
309.694.65
Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
236.003.54
0.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.32
1.021.02
339.665.10
Bank of Baroda
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
885.0013.29
0.41
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.41
3.073.07
1,022.3115.35
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
875.0013.14
0.88
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.88
3.513.51
1,168.8317.55
ICICI Bank Money2World
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Low
885.0013.29
1.98
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.98
4.644.64
1,545.1223.20
Total Average Fourth Quarter 2020
2.632.63
Total Average Third Quarter 2020
2.442.44
Total Average
Fee
576.208.65
Exchange Rate Margin (%)
0.900.90
Total Cost Percent (%)
2.632.63
Total Cost (INR) Total Cost (USD)
877.1213.17
Non-Transparent records
Bank account transfer Debit/credit card
2 days 3-5 days
Bank account