📈 India to Bangladesh Money Transfer Snapshot Today
- Best INR to BDT exchange rate today: BDT 1.2707, offered by Skrill Money Transfer
- Number of money transfer providers compared: 2
- Exchange rate range: BDT 1.2707 to BDT 1.2054
- Potential savings on INR 1000: BDT 65.30
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real INR to BDT exchange rate before providers add their margin or fees. exchange rate: 1 INR = BDT 1.3023 (Updated about 1 hours ago)
See detailed India to Bangladesh money transfer comparison below.
India to Bangladesh money transfer providers that matched the search criteria
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What these rates mean for sending money to Bangladesh from India today
Compare top-rated money transfer providers to find the best way to remit money to Bangladesh from India. Check today's INR to BDT exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 2 providers for India to Bangladesh money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Bangladesh from India
🥇 Skrill Money Transfer with 1 INR = 1.2707 BDT (best INR to BDT exchange rate today).
🥈 Wise offering 1 INR = 1.2054 BDT.
The 2 providers compared today offer exchange rates from BDT 1.2054 to BDT 1.2707. On a INR 1000 transfer from India to Bangladesh, that spread means up to BDT 65.30 in potential savings — simply by choosing the right provider.
Indian Rupee to Bangladeshi Taka exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much BDT your recipient receives in Bangladesh.
Compare the providers above to maximize every INR you send to Bangladesh. The best Indian Rupee to Bangladeshi Taka transfer rate changes daily, so comparing today matters.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from India.
👇 There is more to a great transfer than today's INR to BDT exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Bangladesh from India.
Whilst Indian Rupee to Bangladeshi Taka exchange rate is crucial, historical data shows that transfer fees, INR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of India to Bangladesh remittance data to show you exactly where costs arise, and the best practices that maximize your BDT payout on every transfer.
Cost insights to remit money from India to Bangladesh (data-backed)
When you send money internationally from India to Bangladesh, the following 4 key factors determine how much your recipient actually receives:
- INR to BDT exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Bangladesh the maximum BDT payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from India to Bangladesh urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for INR to BDT money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 170 actual India to Bangladesh money transfers handled by 7 providers over the last 5 years (for a INR 13300 remittance benchmark).
This analysis of real Indian Rupee to Bangladeshi Taka transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Indian Rupee you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from India to Bangladesh
- Average total cost: 6.18% (range -0.13% to 18.48%, spread 18.61 percentage points)
- Potential payout difference: On a INR 13300 transfer, the above variation can save you up to INR 2,475.13.
- Average FX markup: 2.20% (range -0.13%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 16.47%, spread 16.60 percentage points) - Average transfer fee: INR 530.18 (range INR 0.00 to INR 1,475.00)
- Cheapest payment/delivery method combo: Debit Card → Bank Deposit (5.19% avg cost); most expensive is Credit Card → Bank Deposit (6.47%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 1.28% (INR 170.09 on INR 13300 transfer).
- Market coverage: ~7 providers on average (competition level: moderate)
- Average speed: About 58 hours (~2.4 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Bangladesh from India.
📈 INR to BDT Exchange Rate: The biggest factor when you send Indian Rupee to Bangladeshi Taka
The exchange rate on your India to Bangladesh money transfer is the single biggest factor determining your overall INR cost — and how many Bangladeshi Taka your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Indian Rupee to Bangladesh transfers:
- Average markup: 2.20%
- Median markup: 0.88%
- Lowest markup: -0.13%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 16.47%
That is a spread of 16.60 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a INR 13300 transfer, that spread is BDT 2,207.80 in differences purely from the exchange rate. On a INR 33300 transfer, that gap grows to BDT 5,527.80.
🛠️ How to use this insight: When comparing providers for India to Bangladesh remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
The INR to BDT exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from India to Bangladesh
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Indian Rupee actually reaches your recipient in Bangladesh.
Based on 5 years of pricing data, here is what we see on Indian Rupee to Bangladesh money transfer fees:
- Average fee: INR 530.18
- Median fee: INR 516.68
- Lowest fee: INR 0.00
- Highest fee: INR 1,475.00
The average fee of INR 530.18 represents 3.99% of a INR 13300 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to INR 1,475.00.
🛠️ How to use this insight: For your next money transfer from India to Bangladeshi Taka, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower INR to BDT exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a INR 200 transfer, a INR 5 fee is 2.5% of your total amount. On a INR 2,000 transfer, that same fee is just 0.25%. If you send smaller Indian Rupee to Bangladeshi Taka transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your INR to BDT transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Bangladesh from India
Based on our analysis of historical India to Bangladesh remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Indian Rupee to Bangladeshi Taka exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Bangladesh from India:
- Debit Card: 5.19%
- Bank Account Transfer: 6.09%
- Credit Card: 6.47%
That is a spread of 1.28 percentage points.
👉 On a INR 13300 transfer, this means you could save up to INR 170.09 simply by choosing a lower-cost payment method.
These savings increase further for larger INR transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from India to Bangladesh:
- Bank Deposit: 6.18%
Different combinations of payment methods in India and delivery methods in Bangladesh can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for India to BDT money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Bank Deposit | 5.19 |
| Bank Account Transfer | Bank Deposit | 6.09 |
| Credit Card | Bank Deposit | 6.47 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these INR to BDT payment and delivery options is significant.
- Lowest cost: Debit Card → Bank Deposit (5.19%)
- Highest cost: Credit Card → Bank Deposit (6.47%)
- Difference: 1.28 percentage points
👉 On a INR 13300 transfer, you could save up to INR 860.12
👉 On a INR 33300 transfer, savings increase to INR 2,153.54
Here is a quick summary of the average historical cost of various payment and delivery methods for INR to Bangladesh money transfers.
💸 Cheapest Payment & Delivery Methods to send INR to BDT transfers (data-backed)
- Cheapest payment method: Debit Card (5.19%) vs Credit Card (6.47%)
- Cheapest delivery method: Bank Deposit (6.18%)
- Cheapest combination: Debit Card → Bank Deposit (5.19%) vs Credit Card → Bank Deposit (6.47%)
🛠️ How to use this insight: As you compare money transfer providers for your next India to Bangladesh international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your India to Bangladesh remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for India to Bangladesh money transfers?
When we compared India banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 0.61 percentage points more on average than money transfer providers for India to Bangladesh remittances.
This means banks are roughly 1.11x more expensive for sending INR to Bangladesh.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | INR 722.19 | INR 139.30 | INR 582.88 |
| Exchange rate markup | 0.95% | 4.73% | -3.77 pp* |
| Average total cost (%) | 6.38% | 5.77% | 0.61 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in India may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want use your bank in India, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost to remit money from India to Bangladesh?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending INR 13300 vs INR 33300 from India to Bangladesh.
We found that sending a higher amount (INR 33300) is typically cheaper — average cost drops from 6.18% to 4.07%, a reduction of 2.11 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Indian Rupee amounts to Bangladesh, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the market for sending money to Bangladesh from India?
Based on data from the last 5 years, Indian Rupee to Bangladeshi Taka money transfers are provided on an average by 7 remittance companies. With this number of providers, we consider the level of market competition to be moderate.
Traditional banks have represented 57.1% of active providers in this corridor (4 out of 7), suggesting a bank-heavy market structure.
Banks and money transfer providers have had a fairly balanced presence in this corridor: banks account for 57.1% of providers (4 out of 7).
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your India to Bangladesh remittances.
This is why comparing providers is especially important when you transfer money from India to Bangladesh.
⏱️ How fast can you transfer Indian Rupee to Bangladeshi Taka?
If your recipient in Bangladesh needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for India to Bangladesh transfers:
- Average transfer time: About 58 hours (~2.4 days).
- Fastest transfer time: About 12 hours.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at INR 13300: About 58 hours (~2.4 days).
- Average speed at INR 33300: About 58 hours (~2.4 days).
Banks vs money transfer providers speed comparison: Banks take 10 hours longer on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer INR to Bangladesh.
🛠️ How to use this insight: If you need to send money from India to Bangladesh in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Bangladesh.
Transfer speed for India to Bangladesh money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Bangladesh from India
These FAQs use data from RemitFinder's historical analysis of India to Bangladesh money transfers over several years.
What factors affect the total cost of sending money from India to Bangladesh?
The total cost of your Indian Rupee to Bangladeshi Taka money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect transferring money to Bangladesh from India?
Historical Indian Rupee to Bangladeshi Taka exchange rate markup ranges from -0.13% to 16.47%, a spread of 16.60 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Indian Rupee to Bangladesh?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative INR to BDT remittance rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Exchange Rate vs Transfer Fee: What matters more when you send money to Bangladesh from India?
Exchange rate markup ranges from -0.13% to 16.47% (a spread of 16.60 percentage points).
Transfer fees range from INR 0.00 to INR 1475.00, which equals roughly 11.09% on a INR 13300.00 transfer.
At both INR 13300.00 and INR 33300.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for India to Bangladesh money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger INR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most BDT for your INR.
How much can costs vary between providers when sending money from India to Bangladesh?
Historical transfer cost ranges from -0.13% to 18.48% for INR transfers to Bangladesh. That is a spread of 18.61 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.13% to 16.47% (a spread of 16.60 percentage points). Thus, even small differences in FX margin can have a big impact on the final BDT payout.
Why do Money Transfer Providers charge different rates for Indian Rupee to Bangladeshi Taka money transfers?
If you send the same Indian Rupee amount to Bangladesh via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final BDT payout in Bangladesh in a big way.
How stable are the costs to remit money to Bangladesh from India?
When we analyzed the historical total cost for INR to BDT transfers, we observed a range from -0.13% to 18.48% (18.61 percentage points difference), along with a variability (standard deviation) of 4.07%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.13% to 16.47% (16.60 percentage points difference), with a standard deviation of 3.27%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your Indian Rupee to Bangladeshi Taka transfers.
Which Payment Method is the cheapest to send money from India to Bangladesh?
Debit Card is the cheapest payment method in India based on its average cost at 5.19% (compared to Credit Card at 6.47%, a difference of 1.28 percentage points).
Based on this, we recommend paying for your INR transfer with Debit Card, and avoiding Credit Card if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Bangladesh from India?
Debit Card is cheaper on average when sending money to Bangladesh from India since it costs 5.19% (compared to 6.47% for Credit Card payments, a difference of 1.28 percentage points).
As a result, we recommend that you avoid paying for your transfer to Bangladesh with a Credit Card.
What is the cheapest way to send money from India to Bangladesh?
We evaluated 3 payment and delivery method combinations for India to Bangladesh remittances.
Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 5.19% cost.
At the other end of the spectrum, Credit Card → Bank Deposit is the most expensive combination at 6.47% cost. That is a difference of 1.28 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for India to Bangladesh remittances differently. As you compare options, look for the cheapest combination to maximize the value of your INR to BDT transfers.
Does sending more money reduce the cost to transfer money to Bangladesh from India?
Larger Indian Rupee to Bangladeshi Taka transfers are cheaper on average.
The cost of a INR 13300 transfer averages 6.18% as compared to 4.07% for a INR 33300 transfer, a difference of 2.11 percentage points.
How long does it take to send INR to BDT money transfers?
Based on our analysis, the average transfer time for Indian Rupee to Bangladeshi Taka transfers is 58 hours (~2.4 days), with the fastest transfers completing in 12 hours and the slowest in 144 hours (~6.0 days).
Are banks more expensive than money transfer companies for India to Bangladesh remittances?
Banks in India are more expensive than money transfer providers.
The average cost of banks is 6.38% compared to 5.77% for money transfer providers in India, a difference of 0.61 percentage points.
Why do banks charge more to remit money from India to Bangladesh?
Bank transfers in India cost 6.38% compared to 5.77% for money transfer companies.
The difference is often due to the fact that banks in India provide lower exchange rates and charge higher wire transfer fees.
How competitive is the market for sending money from India to Bangladesh?
Based on historical data, the competition level in India to Bangladesh is considered moderate with 7 active providers.
Money transfer providers represent about 42.9% of identified providers in India.
Can you overpay if you do not compare providers before transferring money to Bangladesh from India?
Historically, total INR to BDT transfer cost has varied by 18.61 percentage points. On a INR 13300 transfer, that can translate to INR 2475.13 in savings.
Indian Rupee to Bangladeshi Taka exchange rate markup also varies across providers. The average markup spread has been about 16.60 percentage points. On a INR 13300 transfer, that could be INR 2207.80 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about INR 1475.00 across providers.
That is why comparing providers can materially change how much of the INR you send your recipient receives in Bangladesh.
Latest Exchange Rates for Sending Money to Bangladesh from India
Here are some latest INR to BDT (Indian Rupee to Bangladeshi Taka) exchange rates for popular conversion amounts*.
| 1 INR | 1.30 BDT |
| 5 INR | 6.51 BDT |
| 10 INR | 13.02 BDT |
| 25 INR | 32.56 BDT |
| 50 INR | 65.12 BDT |
| 100 INR | 130.23 BDT |
| 150 INR | 195.35 BDT |
| 200 INR | 260.46 BDT |
| 250 INR | 325.58 BDT |
| 300 INR | 390.69 BDT |
| 400 INR | 520.92 BDT |
| 500 INR | 651.15 BDT |
| 600 INR | 781.38 BDT |
| 700 INR | 911.61 BDT |
| 800 INR | 1,041.84 BDT |
| 1000 INR | 1,302.30 BDT |
| 1500 INR | 1,953.45 BDT |
| 2000 INR | 2,604.60 BDT |
| 2500 INR | 3,255.75 BDT |
| 3000 INR | 3,906.90 BDT |
| 4000 INR | 5,209.20 BDT |
| 5000 INR | 6,511.50 BDT |
| 10000 INR | 13,023.00 BDT |
| 15000 INR | 19,534.50 BDT |
| 20000 INR | 26,046.00 BDT |
| 30000 INR | 39,069.00 BDT |
| 40000 INR | 52,092.00 BDT |
| 50000 INR | 65,115.00 BDT |
| 100000 INR | 130,230.00 BDT |
*Based on the Mid-market Exchange Rate
1 Based on 170 pricing observations across 7 firms over the last 5 years for a INR 13300 money transfer from India to Bangladesh. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the India to Bangladesh remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.