Where can I see the forex charges paid on my remittance?
Where can I see the forex charges paid on my remittance?
You need to check with your bank for the forex charges you paid on your outward remittance. Unfortunately, we do not have the visibility of these charges.
The conversion and remittance charges depend on the bank you use for remitting purposes. Typically Indian banks charge ~ 3-5% forex markup to convert INR to USD. However, we have partnered with major banks such as HDFC, ICICI and Axis where the forex ...
As per RBI guidelines, to invest in the US, you need to process your remittance via an Authorised Dealer 1 entity only. Authorized Dealer 1 entities are typically banks. You need to initiate a transfer from your bank only.
The fees to wire funds to your brokerage account (outward remittance) in the US range from INR 500 - 3000, depending on the bank and the amount of transfer. However, you can enjoy significantly reduced fees by choosing to remit through our partner ...