Best bank for inward remittance in USD

[VijayflyRaven]

Below are the constraints when receiving inward remittance

• Fees charged by swift intermediary of receiving bank (for example, I have seen charges from $10 to $25 for amounts ranging from $100 to $ 25000 respectively).
• Conversion from USD to INR - different banks charge different rates
• Inward remittance fee by Indian bank - often free

We need to identify banks which can give us favourable rates and that is as critical as ensuring that there is no flat fees. For example, if we send $1000 to icici, I see that it comes through 2 banks in my case (Citibank = senders bank and Chase = ICICI’s bank in US). Chase, which is the banker for icici charges flat fees of >$10.

Best rates from banks;

• IndusInd
• DBS
• IOB

In order to test the rate, I intend to transfer similar amounts to each of these banks.

If anyone has done this test earlier, please help.

 

[mojo_jojo123]

there was some site which was comparing all bank inward rate .. can someone put here as well ?

 

[CC-Muncher]

there was some site which was comparing all bank inward rate .. can someone put here as well ?

USD-INR Foreign Exchange Rate Comparison

Compare USD-INR foreign exchange rates across major banks in India

forex.geekdevs.com

But its broken for some time now

 

[jabwebanged]

I've used yes bank many times and they are flexible for usd -> inr conversion rate if the amount is decent

 

[CC-Muncher]

I've used yes bank many times and they are flexible for usd -> inr conversion rate if the amount is decent

please share the rate offered on any given day to compare it with other banks.
how much amount is decent for them?