I receive money from abroad and want the best conversion rate when it comes into India. Which banks are good for inward remittances, and does it depend on the type of income?
1 Answers
Depends on the account type and purpose.
If it is business income for an LLP/Pvt Ltd/Parternship/Prop. firm, then a 10p markup on the current account by IDFC. I have been using this.
If it's from the sale of stocks on IBKR/Paasa/Vested, then AU is good as of now.
Related: Worthify's USD→INR transfer calculator, compare inward routes for your own amount.
