The mid-market rate is the current official exchange rate for two currencies. It’s the exact middle of the current buy and sell prices on open markets.
But few banks and money transfer services will offer you the mid-market rate. Instead, they’ll buy and sell below and above the mid-market rate to make a profit from exchange rates.1
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Bank of India exchange rates
Need to send money to India? Find today's Bank of India exchange rates and see how they compare
Exchange rates are one of the most important factors to consider when sending money overseas.
If you’re sending a large transfer, a more favourable rate can make a bigger difference than fees, putting more money in your recipient’s pocket.
Find today’s Bank of India exchange rates here, and see how they compare to other options.
What are Bank of India’s foreign exchange rates?
The table below shows Bank of India’s foreign currency exchange rates for NZD/INR, the only currency it sends to. This rate is accurate as of 18 March 2019.
Once you know today’s exchange rates, you can compare them to the mid-market rates to see how much you’re really paying.
Sending money with Bank of India: What to know
What we like
- Preferential rates for larger transfers. When sending $500 or more you can contact the Bank of India branch to ask about preferential rates.
- Fast and free. You can get fast transfers to India and up to 4 transfers per month without paying extra fees. This is available to account-holders only.
What to watch out for
- Limited range. The Bank of India focuses on INR and payments to India only.
- Fees and rates. Fees apply for transfers, and the exchange rates may be less competitive than what you’ll find elsewhere.
How do Bank of India’s exchange rates compare?
Compare the Bank of India’s exchange rates with other options to see if you can save money with cheaper remittances.
Enter the amount you want to transfer, and the currencies you want to send, into the table below to get started.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary from the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
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