Cheapest way to load USD into IBKR from Indian bank?
Indian Bank:
USD 1000 @ 95.68 = 95680
Commission 1050+ Gst 18% = 1239
Swift charges = 649
Plus gst on conversion
Total = 97568
ICICI
USD 1000 @ 96.23 = 96230
Remittance charge 1000 + Gst 18% = 1180
Gst on currency conversion 173.21
Total = 97583.21
More or less both seem to be same .Any other suggestions of banks which offer best rates than here inclusive of all?
u/FantasticTrio — 8 days ago