Sending money to India: why your rate is lower than the one on Google
Google and our converter show the mid-market rate. Banks and transfer apps add a margin, and that margin is your real cost.
When you look up "USD to INR" you see the mid-market rate, the midpoint between what banks pay to buy and sell a currency. You almost never get exactly that rate.
Where the cost hides
- Exchange margin: the provider gives you fewer rupees than the mid-market rate. A 1–3% margin is common and often costs more than the fee.
- Transfer fee: a fixed charge per transfer.
- Receiving bank charges: sometimes deducted in India.
How to compare
- Check today's mid-market rate on our currency converter.
- For each provider, note how many rupees will actually arrive for the same amount sent.
- The provider delivering the most rupees after all fees is cheapest, whatever its advertised fee.
Popular pairs
AED to INR · USD to INR · GBP to INR · SAR to INR · CAD to INR
Rates on GroGinie update twice a day and are for information only.
This article is general information, not personal financial advice. Rules and rates change; check the latest before you act.