Compare today's INR to BDT (Indian Rupee to Bangladeshi Taka) exchange rates
📈 India to Bangladesh Money Transfer Snapshot Today
- Best INR to BDT exchange rate today: BDT 1.2865, offered by Skrill Money Transfer
- Number of money transfer providers compared: 2
- Exchange rate range: BDT 1.2341 to BDT 1.2865
- Potential savings on INR 1000: BDT 52.40
- 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 1.3163 (Updated about an hour ago)
See detailed India to Bangladesh money transfer comparison below.
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 today's INR-BDT exchange rates mean for you
Compare today's INR-BDT exchange rates and send money from India to Bangladesh after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 2 providers that you can rely on for India to Bangladesh money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive India to Bangladesh Providers
🥇 Skrill Money Transfer with 1 INR = 1.2865 BDT (best INR to BDT exchange rate today).
🥈 Wise offering 1 INR = 1.2341 BDT.
The exchange rate provided by these 2 providers ranges from BDT 1.2341 to BDT 1.2865. For a INR 1000 money transfer from India to Bangladesh, that could mean up to BDT 52.40 saved on FX alone.
INR-BDT exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final BDT payout that your recipient gets in Bangladesh.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your India to Bangladesh remittances.
🔄 Looking for the reverse corridor? Send money from Bangladesh to India instead.
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.
👇 We also suggest looking beyond today's INR-BDT exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst INR-BDT 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 India to Bangladesh historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your BDT payout.
Data-driven cost insights for India to Bangladesh money transfers
When you send money internationally from India to Bangladesh, the key factors that will influence the overall cost of your transaction are:
- INR-BDT exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum BDT payout for your overseas recipient in Bangladesh.
Another counter-balancing aspect is money transfer speed. If you need to rush money from India to Bangladesh, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for India to Bangladesh money transfers to compare 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 data-driven approach using real INR-BDT transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for India to Bangladesh money transfers
- 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 provide detailed data-driven insights on various factors that influence the total cost of your India to Bangladesh money transfers.
📈 INR to BDT exchange rate is often the biggest driver of both cost and payout
The exchange rate on your India to Bangladesh money transfers is usually the single biggest factor that will determine your overall INR cost and your recipient's BDT payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a INR 13300 money transfer benchmark, we see the following FX markup ranges for 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, the above markup range is equivalent to roughly BDT 2,207.80 purely from differences in the exchange rate. That incremental saving increases to BDT 5,527.80 for a INR 33300 transfer.
🛠️ 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.
INR to BDT exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total India to Bangladesh remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Indian Rupee reaches your recipient in Bangladesh.
Based on data from last 5 years, we notice the below about 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 amount of INR 530.18 noted above represents 3.99% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by INR 1,475.00.
🛠️ How to use this insight: For your next money transfer from India to Bangladeshi Taka, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for INR-BDT remittances
Based on our detailed analysis of historical India to Bangladesh data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
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 total spread of 1.28 percentage points.
This means that on a INR 13300 transfer, you could save up to INR 170.09 simply by choosing the best priced payment method.
These savings will only multiply for higher INR amounts.
Here is the average cost of popular delivery methods used to send money from India to Bangladesh:
- Bank Deposit: 6.18%
As you can imagine, the possible combinations of India payment methods and Bangladesh delivery methods will all have disparate cost. Let us look at that next.
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).
As you can see, the difference between these INR-BDT payment and delivery options is significant. Here are some observations:
- Debit Card → Bank Deposit has the lowest average cost at 5.19%.
- Credit Card → Bank Deposit has the highest average cost at 6.47%.
- Debit Card → Bank Deposit average cost is 1.28 percentage points lower than that of Credit Card → Bank Deposit.
- This means that on a INR 13300 money transfer, you could save up to INR 860.12 simply by choosing the best payment and delivery method combo.
- Further, on a INR 33300 money transfer, the 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 and delivery methods (data-backed)
- Cheapest payment method: Debit Card averaged 5.19%, compared to 6.47% for Credit Card, a difference of 1.28 percentage points.
- Cheapest delivery method: Bank Deposit averaged 6.18%.
- Cheapest combo: Debit Card → Bank Deposit averaged 5.19%, which is 1.28 percentage points lower than 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 most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for INR-BDT remittances?
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 tend to be approximately 1.11x more expensive than money transfer companies.
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 to send money overseas with your bank in India, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of INR-BDT money transfers?
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) tends to be 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 India to Bangladesh remittance market?
Based on data from the last 5 years, INR-BDT money transfers are provided on an average by 7 remittance companies. With around 7 providers serving this market, we consider the level of 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.
⏱️ How fast are INR-BDT money transfers?
If your recipient in Bangladesh needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for India to Bangladesh transfers when it comes to processing time:
- 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.
🛠️ 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.
India to Bangladesh transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about India to Bangladesh money transfers
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 INR-BDT 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 India to Bangladesh transfers?
Historical INR to BDT 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 INR-BDT exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative INR-BDT exchange 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.
Is the exchange rate or the transfer fee more important for India to Bangladesh transfers?
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 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 India to Bangladesh transfer costs vary between providers?
Historical transfer cost ranges from -0.13% to 18.48% for INR transfers to Bangladesh. That is a spread of 18.61 percentage points, meaning 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 various money transfer providers price INR to Bangladesh transfers differently?
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 transfer costs in the India to Bangladesh corridor?
When we analyzed the historical total cost for INR-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 INR-BDT transfers.
Which payment method is cheapest for India to Bangladesh remittances?
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 for India to Bangladesh transfers?
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 tend to price payment and delivery methods for India to Bangladesh remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your INR-BDT transfers.
Does sending more money reduce the cost for India to Bangladesh transfers?
Larger INR-BDT 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 money from India to Bangladesh?
Based on our analysis, the average transfer time for INR-BDT 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?
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 for India to Bangladesh transfers?
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 provider lower exchange rates and charge high wire transfer fees.
How competitive is the India to Bangladesh remittance market?
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.
Do I risk overpaying if I do not compare providers for India to Bangladesh?
Historically, total INR-BDT transfer cost has varied by 18.61 percentage points. On a INR 13300 transfer, that can translate to INR 2475.13 in savings.
INR-BDT 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 does your recipient receive in Bangladesh in Bangladesh.
Latest INR to BDT Conversion Rates
Here are some latest INR to BDT (Indian Rupee to Bangladeshi Taka) exchange rates for popular conversion amounts*.
| 1 INR | 1.32 BDT |
| 5 INR | 6.58 BDT |
| 10 INR | 13.16 BDT |
| 25 INR | 32.91 BDT |
| 50 INR | 65.82 BDT |
| 100 INR | 131.63 BDT |
| 150 INR | 197.45 BDT |
| 200 INR | 263.26 BDT |
| 250 INR | 329.08 BDT |
| 300 INR | 394.89 BDT |
| 400 INR | 526.52 BDT |
| 500 INR | 658.15 BDT |
| 600 INR | 789.78 BDT |
| 700 INR | 921.41 BDT |
| 800 INR | 1,053.04 BDT |
| 1000 INR | 1,316.30 BDT |
| 1500 INR | 1,974.45 BDT |
| 2000 INR | 2,632.60 BDT |
| 2500 INR | 3,290.75 BDT |
| 3000 INR | 3,948.90 BDT |
| 4000 INR | 5,265.20 BDT |
| 5000 INR | 6,581.50 BDT |
| 10000 INR | 13,163.00 BDT |
| 15000 INR | 19,744.50 BDT |
| 20000 INR | 26,326.00 BDT |
| 30000 INR | 39,489.00 BDT |
| 40000 INR | 52,652.00 BDT |
| 50000 INR | 65,815.00 BDT |
| 100000 INR | 131,630.00 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.