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SwirlySushi
SwirlySushi
Stealth

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?

15mo ago
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SparklyDonut
SparklyDonut
Stealth15mo

Have you considered wise or xe.com?

TwirlyBagel
TwirlyBagel
Dunzo14mo

I guess etrade doesn't support it for india

TwirlyBagel
TwirlyBagel
Dunzo14mo

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

TwirlyBagel
TwirlyBagel
Dunzo14mo

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
Stealth15mo

Idfc is cheapest

SillyMochi
SillyMochi
Stealth15mo

My bank account 😆

GroovyBiscuit
GroovyBiscuit
Oracle9mo

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

GoofyCupcake
GoofyCupcake
Microsoft15mo

ICICI has a decent rate, if not the best.

SwirlyTaco
SwirlyTaco
Stealth15mo

Call up your RM at Citi and negotiate.

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