Best Bank Account for Inward Remittance

[WhoU]

I have HDFC salary and BOB savings account. I get RSUs and ESPPs and sell them to get money in my Indian account.

I use inward remittance quite often and HDFC is a pain with calling RM and asking them to get approval for better rates etc.

Do you guys have experience with this? Which bank gives best inward remittance rate with no manual process involved?

 

[TechnoFinoTechnoFino is verified member.]

Still not sure, what has to be addedView attachment 104122

I forgot to select code before posting the code... check now

 

[mojo_jojo123]

Is IRB Minus 5 paisa the lowest rate so far ?

 

[xxScriptzxx]

Is IRB Minus 5 paisa the lowest rate so far ?

If you have dbs salary account, few corporate are getting ibr - 1 paise.

Even icici gives ibr - 4 paise to few corporate

 

[taskmaster]

So i have a IOB account now and also HDFC. Which one will give the best rates? I havent negotiated with any but iob seems better without negotiations. Also they dont have a RM system so dont know who to call exactly

 

[Bhokaal]

So i have a IOB account now and also HDFC. Which one will give the best rates? I havent negotiated with any but iob seems better without negotiations. Also they dont have a RM system so dont know who to call exactly

Between IOB and HDFC it would definitely be IOB, you can check daily rate card for the bank, they both publish it.
I tried negotiating with HDFC a while back and they said .25 less then the listed price which was still much higher then what IOB quotes without any negotiation

 

[telescope]

Between IOB and HDFC it would definitely be IOB, you can check daily rate card for the bank, they both publish it.
I tried negotiating with HDFC a while back and they said .25 less then the listed price which was still much higher then what IOB quotes without any negotiation

any way to avoid the intermediary fee with IOB? also apart from intermediary fee and gst, is there any other fee?

 

[taskmaster]

Between IOB and HDFC it would definitely be IOB, you can check daily rate card for the bank, they both publish it.
I tried negotiating with HDFC a while back and they said .25 less then the listed price which was still much higher then what IOB quotes without any negotiation

I see. I'll just go with IOB then. I checked the rates and IOB were around a rupee better iirc. I'm not sure what i have to do for FIRC though. I dont think IOB provides it by default.