Remittance Prices Worldwide

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Transfer money

Sending money from UAE to INDIA

Data collected on: Oct 29, 2020
AED | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
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 (AED)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
DirectRemit (NBD)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.45
Percentage difference between market reference rate 20.15 and exchange rate charged 20.060.45
Total cost (%)
0.450.45
Total cost (AED)sort descendingTotal cost (USD)sort descending
3.310.90
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
0.650.65
Total cost (AED)sort descendingTotal cost (USD)sort descending
4.781.30
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 20.15 and exchange rate charged 19.931.10
Total cost (%)
1.101.10
Total cost (AED)sort descendingTotal cost (USD)sort descending
8.092.20
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 20.15 and exchange rate charged 20.080.35
Total cost (%)
2.642.64
Total cost (AED)sort descendingTotal cost (USD)sort descending
19.405.28
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 20.15 and exchange rate charged 20.080.35
Total cost (%)
2.642.64
Total cost (AED)sort descendingTotal cost (USD)sort descending
19.405.28
Firm
GCC Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 20.15 and exchange rate charged 20.040.55
Total cost (%)
2.702.70
Total cost (AED)sort descendingTotal cost (USD)sort descending
19.855.40
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 20.15 and exchange rate charged 20.040.55
Total cost (%)
2.842.84
Total cost (AED)sort descendingTotal cost (USD)sort descending
20.875.68
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.75
Percentage difference between market reference rate 20.15 and exchange rate charged 20.000.75
Total cost (%)
2.892.89
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.245.78
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 20.15 and exchange rate charged 20.030.60
Total cost (%)
2.892.89
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.245.78
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
2.942.94
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.615.88
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
16.804.57
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
2.942.94
Total cost (AED)sort descendingTotal cost (USD)sort descending
21.615.88
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
3.293.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
24.186.58
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
3.293.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
24.186.58
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
3.293.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
24.186.58
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
3.293.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
24.186.58
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
3.293.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
24.186.58
Firm
Noor Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
52.5014.29
Exchange rate margin (%)
1.05
Percentage difference between market reference rate 20.15 and exchange rate charged 19.941.05
Total cost (%)
8.198.19
Total cost (AED)sort descendingTotal cost (USD)sort descending
60.2016.38
Total Average Fourth Quarter 2020
2.902.90
Total Average Third Quarter 2020
2.972.97
Total Average
Fee
15.504.22
Exchange Rate Margin (%)
0.790.79
Total Cost Percent (%)
2.902.90
Total Cost (AED) Total Cost (USD)
21.325.80
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (AED)sort descendingTotal cost (USD)sort descending
Firm
DirectRemit (NBD)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.45
Percentage difference between market reference rate 20.15 and exchange rate charged 20.060.45
Total cost (%)
0.450.45
Total cost (AED)sort descendingTotal cost (USD)sort descending
8.262.25
Firm
RemitMoney
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
0.650.65
Total cost (AED)sort descendingTotal cost (USD)sort descending
11.933.25
Firm
Kotak Click2Remit
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
1.10
Percentage difference between market reference rate 20.15 and exchange rate charged 19.931.10
Total cost (%)
1.101.10
Total cost (AED)sort descendingTotal cost (USD)sort descending
20.195.50
Firm
GCC Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 20.15 and exchange rate charged 20.040.55
Total cost (%)
1.411.41
Total cost (AED)sort descendingTotal cost (USD)sort descending
25.877.05
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 20.15 and exchange rate charged 20.080.35
Total cost (%)
1.611.61
Total cost (AED)sort descendingTotal cost (USD)sort descending
29.548.05
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 20.15 and exchange rate charged 20.080.35
Total cost (%)
1.611.61
Total cost (AED)sort descendingTotal cost (USD)sort descending
29.548.05
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.55
Percentage difference between market reference rate 20.15 and exchange rate charged 20.040.55
Total cost (%)
1.811.81
Total cost (AED)sort descendingTotal cost (USD)sort descending
33.219.05
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.60
Percentage difference between market reference rate 20.15 and exchange rate charged 20.030.60
Total cost (%)
1.861.86
Total cost (AED)sort descendingTotal cost (USD)sort descending
34.139.30
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
1.911.91
Total cost (AED)sort descendingTotal cost (USD)sort descending
35.059.55
Firm
Al Ansari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.65
Percentage difference between market reference rate 20.15 and exchange rate charged 20.020.65
Total cost (%)
1.911.91
Total cost (AED)sort descendingTotal cost (USD)sort descending
35.059.55
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.754.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
2.012.01
Total cost (AED)sort descendingTotal cost (USD)sort descending
36.8810.05
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
0.75
Percentage difference between market reference rate 20.15 and exchange rate charged 20.000.75
Total cost (%)
2.012.01
Total cost (AED)sort descendingTotal cost (USD)sort descending
36.8810.05
Firm
Wall St Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
2.292.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
42.0211.45
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
21.005.72
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
2.292.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
42.0211.45
Firm
Lari
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
21.005.72
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
2.292.29
Total cost (AED)sort descendingTotal cost (USD)sort descending
42.0211.45
Firm
Al Fardan Exchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
23.106.29
Exchange rate margin (%)
1.15
Percentage difference between market reference rate 20.15 and exchange rate charged 19.921.15
Total cost (%)
2.412.41
Total cost (AED)sort descendingTotal cost (USD)sort descending
44.2212.05
Firm
Noor Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
52.5014.31
Exchange rate margin (%)
1.05
Percentage difference between market reference rate 20.15 and exchange rate charged 19.941.05
Total cost (%)
3.913.91
Total cost (AED)sort descendingTotal cost (USD)sort descending
71.7519.55
Total Average Fourth Quarter 2020
1.851.85
Total Average Third Quarter 2020
1.921.92
Total Average
Fee
19.525.32
Exchange Rate Margin (%)
0.790.79
Total Cost Percent (%)
1.851.85
Total Cost (AED) Total Cost (USD)
34.039.27
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash
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