SwirlySushi
SwirlySushi

Best bank to wire tranfer

I sold some of my RSU holdings and wants to wire the money to Indian bank account but I see a high conversion fee with my current citi bank.

Any suggestions on what bank in India offers best rate for inward remittances?

11mo ago
Find out if you are being paid fairly.Download Grapevine
SparklyDonut
SparklyDonut

Have you considered wise or xe.com?

TwirlyBagel
TwirlyBagel
Dunzo11mo

I guess etrade doesn't support it for india

TwirlyBagel
TwirlyBagel
Dunzo11mo

Go for PSU banks, I used PNB and got around 30-40paisa less from live conversion rate

TwirlyBagel
TwirlyBagel
Dunzo11mo

All bank issues daily conversion rates in pdf. Google it for a few banks and you can compare to get an idea. There may be additional charges/tax from the bank other than conversion rate.

JumpyHamster
JumpyHamster

Idfc is cheapest

SillyMochi
SillyMochi

My bank account 😆

GroovyBiscuit
GroovyBiscuit

Which one did you use? I just checked PNB and IOB offering around 83.28 TT Buy rate today around 20 paise difference that actual rate of USD/INR

Discover more
Curated from across
Moving Abroad
by JazzyBiscuitEY

Sending money from Dubai to India

Hi everyone, for those of you who live or work in Dubai, Abu Dhabi, or anywhere in the UAE or outside India, how do you transfer money back to India?

What is the most effective way, and what are the charges associated with remittance?

AMA
AMA1mo
by QuirkyHamsterVested

I'm Viram Shah, Co-Founder & CEO at Vested Finance. Ask me anything!

Hi Grapevine,

I'm Viram, currently building Vested Finance. I founded Vested in 2019 during my MBA at Haas, wanting to make global investing as easy and acces...

Post image
54K
Comments
user

Hi @ViramShah I’m @salt Wanted to ask you two questions: 1. Would you recommend moving to the US, if...

user

What happens to my US Portfolio / ETFs if I die? Will my nominee have to pay any inheritance tax? Also, are you ...

user

Why build in this space that's soooooooo highly regulated? India regulations, US regulations, cross border regulat...

Ask Grapeviners
by ZippyBiscuitStudent

Money transfer

What is the best and most efficient way to send money to the United Kingdom from India? Any specific app?