Indian Rupee exchange rate is one of the most important features to evaluate when you are sending money to India. It is in your best interest to make sure that you get the best Dollar (USD), Pound (GBP), Dirhams (AED) to Indian Rupee (INR) conversion rate possible. However, you may find that while some players offer very good Indian Rupee exchange rates, but they may charge very high fees or vice-versa. So, it is always good to weigh both Rupee exchange rates and fees when sending money to India, by looking at the final amount in Indian Rupees, the money transfer operator will transfer to your beneficiary in India.
For example, on 22nd December 2017, the top 3 money transfer providers as per the best exchange rate from the UK to India for £1000 (after fees) were as follows:
- Western Union (Rs. 85, 800)
- ICICI Bank Money2India (Rs. 85,680)
- Small world (Rs 85,680)
However, after including fees to compute the net amount converted in Indian Rupees (INR), the best value money transfer providers were as follows:
- Western Union (Rs. 85,496)
- Remitly (Rs. 85,310)
- money2home (Rs 85,300)
So, always compare both exchange rates and fees to find the best value money transfer providers. You can visit nriDealExpert.com to fish out the best Dollar (USD), Pound (GBP) or Dirhams (AED) to Indian Rupee (INR) exchange rates along with the comparison of fees and the speed of delivery offered by various money transfers to India operators.