What sending money abroad from India costs in rate markup and fees, provider by provider
Runs in your browser. Nothing you type is sent anywhere. Updated on 25 Oct 2026.A bank or app that sends money abroad earns twice: once from its fee and once from the exchange rate it gives you, which is usually worse than the mid-market rate. The rate part never appears on the receipt. Enter the amount, the mid-market rate and each provider’s quoted rate and fee to see the total cost of every option.
Keep "Money is" on "Paid or sent abroad" and pick the Currency you are sending.
Enter the "Amount to arrive abroad" and today's mid-market rate.
Enter each provider's quoted rate and its fees, GST included.
Read You pay, the all-in cost against mid-market and what the cheapest saves against the dearest.
The cost is shown in rupees, with the option that leaves the most money with you.
Every time rupees become another currency, or come back, somebody sets the exchange rate, and it is rarely the rate you see in the news. That rate, the mid-market rate, is halfway between what banks pay for a currency and what they sell it for. Card networks, banks and transfer apps give you a worse rate and keep the difference, then often add a fee on top.
This calculator puts both costs in rupees. Enter the amount in the foreign currency, the mid-market rate for the day, and for each provider the rate it applies with any flat fee and percentage fee. It shows the markup built into each rate, the fees, the total cost against the mid-market rate, the effective rate you actually get, and which of up to three providers is cheapest.
Two directions. Paying abroad or sending money out, you spend rupees, so a higher rate and fees both cost you. Money coming to India works the other way: a lower rate and fees both reduce the rupees you receive. Pick the direction and the sums follow.
The rest of the article, and all 6 questions about Forex Markup Calculator, are on the Forex Markup Calculator page.
Subtract the mid-market rate from the provider's rate and divide by the mid-market rate. A bank that sells dollars at ₹89.10 when the mid-market rate is ₹88 has a markup of 1.10 ÷ 88, which is 1.25%. On USD 1,000 that is ₹1,100, and any fee comes on top of it.
A card has two costs: the foreign currency fee printed in the card's schedule, often a few per cent plus GST, and the rate the network or bank applies, which may sit above mid-market. The calculator adds both. Enter the fee percentage and the rate from your statement to see the full cost of the purchase.
Not always. A provider with no fee can still charge more through a worse rate. On USD 1,000, a rate one rupee worse than mid-market costs ₹1,000, which is more than many flat fees. Compare total cost against the mid-market rate, which the calculator shows for every provider, rather than the fee alone.
No, because TCS is not a cost. A bank collects it on large remittances under the Liberalised Remittance Scheme, but it is paid to the government in your name and counts against your income tax, or comes back as a refund. Use the LRS TCS calculator to see how much will be collected.
Formula only: no rates or limits are read from an official source.
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