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From USA (US Bank) to Indian NRE Account (Indian Bank)
Sent $4500.00
Realised Rs.183,000
Commission: $25.00
Actual Exchange Rate after Commision: Rs 40.44
Date : Aug-2007
From NRE Checking Account (INDIAN Bank) to US Checking Account (US Bank)
Sent Rs.143,955
Realised Amount $3480.00 (US Bank put $20.00 fee)
Commision: $67.50 In Rs (commission:360+service tax:44+swift charges:1500)
Actual Exchange Rate after Commision: Rs 40.35
Date : Sep-2007
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For Easy Understanding Let us calculate for $1000.00
From USA (US Bank) to Indian NRE Account (Indian Bank)
Sent $1000.00
Realised Rs.41,455
Commission: $25.00
Actual Exchange Rate after Commision: Rs 40.44
Date : Aug-2007
From NRE Checking Account (INDIAN Bank) to US Checking Account (US Bank)
Sent Rs.42,370
Realised Amount $980.00 (US Bank put $20.00 fee)
Commision: $50.00 In Rs (commission:360+service tax:44+swift charges:1000)
Actual Exchange Rate after Commision: Rs 40.35
Date : Sep-2007
Net loss - after sending money to India and bring back to USA (42370 - 41455 = Rs915 ($23.00))
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Interesting thing is took 3 days to transact money from USA to India
Interesting thing is took 12 hours to transact money from India to USA
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1 comment:
HI Kalyan,
Sorry to bother you. I need a favour from you. I am searching for one of my old class mate Mr.Sivaraman, who has completed his B.Sc Physics from S.T.Hindu College Nagercoil, and then continued his M.Sc from AVC college. By chance, if you know him please write to me in muthurajsubbian@gmail.com.
Thanks in advance
Muthuraj Subbian
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