Corridor USD → INR · US dollar to Indian rupee
What does it cost to send US dollars to India?
On 16 October 2026, the most a recipient in India got for 1,000 USD was 94,886.49 INR via Remitly: a true cost of 0.81 USD (0.08%) including fee and rate markup. The last of 7 quotes cost 3.81%.
Transfer cost receipt · USD → INR
Most to the recipient: Remitly transfer service
- You send
- 1,000.00 USD
- Upfront fee
- 0.00 USD
- Amount converted
- 1,000.00 USD
- Rate given
- 94.8865
- Mid-market when quoted
- 94.9631
- Exchange-rate markup inside the rate
- 0.81 USD 0.08%
- True total cost
- 0.81 USD 0.08%
- Recipient gets
- 94,886.49 INR
Picking the last quote in this ledger (OFX) instead would leave the recipient 3,542.95 INR short.
Snapshot indicative quotes retrieved 16 Oct 2026, 17:01 UTC. Quote collected 16 Oct 2026, 16:45 UTC. Source: Wise public comparison data.
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Every quote for 1,000 USD → INR
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Remitlyservice | 0.00 USD | 0.08% | 0.81 USD | 0.08% | 94,886.49 INR | best |
| 2. Xoomservice | 0.00 USD | 0.36% | 3.62 USD | 0.36% | 94,619.62 INR | −266.87 INR |
| 3. Western Unionservice | 0.00 USD | 0.56% | 5.63 USD | 0.56% | 94,428.10 INR | −458.39 INR |
| 4. State Bank of Indiabank | 0.00 USD | 0.58% | 5.76 USD | 0.58% | 94,416.41 INR | −470.08 INR |
| 5. Instaremservice | 0.00 USD | 0.68% | 6.76 USD | 0.68% | 94,321.19 INR | −565.30 INR |
| 6. Wiseservice | 11.26 USD | 0.00% | 11.26 USD | 1.13% | 93,907.66 INR | −978.83 INR |
| 7. OFXservice | 5.00 USD | 3.33% | 38.12 USD | 3.81% | 91,343.54 INR | −3,542.95 INR |
| Set aside, not ranked (3): see methodology | ||||||
| WorldRemitcollected 71 h before retrieval | 2.99 USD | 0.19% | — | — | 94,502.01 INR | — |
| Wells Fargocollected 73 h before retrieval | 0.00 USD | 3.19% | — | — | 91,930.82 INR | — |
| Chase (US)collected 70 h before retrieval | 5.00 USD | 3.14% | — | — | 91,524.73 INR | — |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 USD | State Bank of India | 0.58% | 5.74% | 18,883.28 INR | 981.78 INR | 7 |
| 1,000 USD | Remitly | 0.08% | 3.81% | 94,886.49 INR | 3,542.95 INR | 7 |
| 5,000 USD | Remitly | 0.08% | 2.38% | 474,432.43 INR | 10,919.89 INR | 7 |
What the USD → INR numbers show
- The provider that delivers the most changes with the amount: State Bank of India at 200.00 USD, Remitly at 1,000.00 USD, Remitly at 5,000.00 USD. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 USD, true cost ranged from 0.58% (State Bank of India) to 5.74% (OFX); the recipient would get 981.78 INR less with the last quote than with the first.
- Banks listed for this corridor averaged 0.58% in true cost at 1,000.00 USD, against 1.10% for non-bank transfer services; on average 100% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 3 of 7 quotes at 1,000.00 USD charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for USD/INR on 16 October 2026 was 94.9600. The mid-market rate implied by the top quote at its collection time was 94.9631, a difference of 0.00%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 USD → INR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. State Bank of Indiabank | 0.00 USD | 0.58% | 1.15 USD | 0.58% | 18,883.28 INR | best |
| 2. Instaremservice | 0.00 USD | 0.84% | 1.67 USD | 0.84% | 18,833.83 INR | −49.45 INR |
| 3. Western Unionservice | 1.99 USD | 0.56% | 3.11 USD | 1.55% | 18,697.71 INR | −185.57 INR |
| 4. Xoomservice | 2.69 USD | 0.36% | 3.40 USD | 1.70% | 18,669.40 INR | −213.88 INR |
| 5. Remitlyservice | 3.99 USD | 0.08% | 4.15 USD | 2.07% | 18,598.70 INR | −284.58 INR |
| 6. Wiseservice | 7.91 USD | 0.00% | 7.91 USD | 3.96% | 18,244.15 INR | −639.13 INR |
| 7. OFXservice | 5.00 USD | 3.33% | 11.49 USD | 5.74% | 17,901.50 INR | −981.78 INR |
| Set aside, not ranked (3): see methodology | ||||||
| WorldRemitcollected 71 h before retrieval | 2.99 USD | 0.19% | — | — | 18,673.67 INR | — |
| Wells Fargocollected 73 h before retrieval | 0.00 USD | 3.19% | — | — | 18,386.16 INR | — |
| Chase (US)collected 70 h before retrieval | 5.00 USD | 3.14% | — | — | 17,937.01 INR | — |
Every quote for 5,000 USD → INR
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Remitlyservice | 0.00 USD | 0.08% | 4.03 USD | 0.08% | 474,432.43 INR | best |
| 2. Xoomservice | 0.00 USD | 0.36% | 18.09 USD | 0.36% | 473,097.59 INR | −1,334.84 INR |
| 3. Western Unionservice | 0.00 USD | 0.46% | 23.17 USD | 0.46% | 472,615.25 INR | −1,817.18 INR |
| 4. Instaremservice | 0.00 USD | 0.52% | 25.80 USD | 0.52% | 472,365.57 INR | −2,066.86 INR |
| 5. Wiseservice | 27.99 USD | 0.00% | 27.99 USD | 0.56% | 472,227.09 INR | −2,205.34 INR |
| 6. State Bank of Indiabank | 0.00 USD | 0.58% | 28.78 USD | 0.58% | 472,082.03 INR | −2,350.40 INR |
| 7. OFXservice | 0.00 USD | 2.38% | 119.02 USD | 2.38% | 463,512.54 INR | −10,919.89 INR |
| Set aside, not ranked (3): see methodology | ||||||
| WorldRemitcollected 71 h before retrieval | 2.99 USD | 0.19% | — | — | 473,643.67 INR | — |
| Chase (US)collected 70 h before retrieval | 0.00 USD | 2.64% | — | — | 462,294.01 INR | — |
| Wells Fargocollected 73 h before retrieval | 0.00 USD | 3.18% | — | — | 459,696.52 INR | — |
What to check before paying out in India
Deposits to Indian bank accounts need the account number and the branch IFSC code; inbound transfers are commonly credited over IMPS or NEFT. Non-resident Indians should check whether the receiving account is NRE or NRO, because the rules on repatriation and tax differ. Source: Reserve Bank of India: NEFT FAQs.
Read next
- How can freelancers get paid from abroad without losing 5%?
- How to send money to India without losing it in the rate
- Does the US 1% remittance tax apply to my transfer?
- Why does a money transfer service ask for ID and limits?
- What do banks really charge for an international transfer?
- Check the hidden markup on a rate you were offered
- How RateRunner calculates true cost
Questions people ask
- Which provider gave the most for 1,000 USD sent to India?
- Remitly, with 94,886.49 INR delivered, in the snapshot retrieved 16 Oct 2026, 17:01 UTC. Its upfront fee was 0.00 USD and its rate markup 0.08%.
- How much of the cost of sending USD to INR is hidden in the exchange rate?
- For the 7 quotes on 1,000 USD, rate markups ranged from 0.00% to 3.33% of the amount converted. 3 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these USD to INR quotes?
- RateRunner retrieved them on 16 Oct 2026, 17:01 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 16 Oct 2026, 17:01 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (16 October 2026).
- Raw data for this page: usd-to-inr.json