Users' questions

What is Icici exchange rate?

What is Icici exchange rate?

Forex Card rates

Currency Bank Buying Rate Bank Selling Rate
TT Buying rate TT Selling rate
United States Dollar (USD) 71.39 74.61
Euro (EUR) 84.65 88.72
Great Britain Pound (GBP) 98.78 103.54

Which bank gives best exchange rates in India?

Banks giving the best money exchange rates to India

  1. ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA.
  2. SBI Express Remit.
  3. HDFC Bank – Quick Remit.
  4. Axis Remit.
  5. Click2Remit.
  6. BarodaRemitXpress.
  7. IndRemit.
  8. IndusFastRemit.

What is the charge for currency exchange?

A currency conversion fee is typically 1% of the purchase price. It is levied by the credit card payment processor (usually Visa, MasterCard, or American Express) or ATM network and often passed on to you as part of the foreign transaction fee.

How much does it cost to exchange currency in India?

Slab for Service Tax on FX Conversion:

Amount Of Currency Exchanged (ACE) GST rates Minimum GST
Upto Rs. 1 lakh 0.18% of ACE Rs. 45
Between Rs. 1 lakh and up to Rs. 10 lakh INR 180 + 0.09% of ACE Rs. 180
Above Rs. 10 lakh INR 990 + 0.018% of ACE Rs. 990

What is the USD buying rate today?

Foreign Exchange Rates

FCY Bills Buy Currency Buy
USD 71.68 72.55
CAD 56.81 56.74
EUR 84.57 85.72
AUD 52.96 52.81

What is a bank selling rate?

Selling rate: Also known as the foreign exchange selling price, it refers to the exchange rate used by the bank to sell foreign exchange to customers. It indicates how much the country’s currency needs to be recovered if the bank sells a certain amount of foreign exchange.

What is the cheapest way to exchange money?

Your bank or credit union, not an airport kiosk, is likely the best place to exchange currency. Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.

How can I avoid the exchange rates?

How to avoid foreign transaction fees

  1. Get a fee-free credit card.
  2. Open a bank account with a foreign transaction fee-free institution.
  3. Exchange currency before traveling.
  4. Avoid using foreign ATMs.
  5. Avoid the Dynamic Currency Conversion.