If you are an outsider or working in Bangladesh and want to send money to India from Bangladesh, don’t worry we will guide you. All you need to know about the Bangladesh to India money transfer information. What are the rates? Options available and more.
In Bangladesh Taka is used as a currency just like INR (Rupee) is used as currency. Many money transfer service providers will help you to send money from Bangladesh to India. In this article, we will provide you with some options and ways that will give you the best money transfer rates from Bangladesh to India.
What Are The Gateways Or Options To Transfer Money To India?
There are some best ways that you can apply to send money to India from Bangladesh. They all have different charges for Bangladesh to India Money transfers.
- Bank Transfer
- Credit Card
- Debit Card
- Cryptocurrency transfer
- Foreign exchange service
- Mobile Wallets
- Informal Money Transfer Network
- International Money Orders
- Hawala System
- Cash Deposits
All of these are some options available in Bangladesh that you can use for Money transfers to India from Bangladesh.
What Are The Factors To Be Considered For Selecting The Best Option?
There are several factors to be considered for choosing the options above to send money from Bangladesh to India. Here is a list of factors that will help you to choose the options.
- Amount: Some options give you the option to decrease the fees suppose you send a small amount then it will charge more and vice versa in the large amount.
- Money Receiving Method: You have to check the rules to send money to India from Bangladesh. If you want to send cash or wire transfer do check how much you can send at once.
- Transaction Processing Speed: Transaction speed depends on your need if the recipient wants the money in less time then you should select that option that will transfer your money in less time.
- Rate: Rate is the most important factor among all of them because all of you want to save more while sending money from Bangladesh to India. If you get the right rate in comparison to others you should go with them.
What Is The Current Rate Of Bangladesh To Indian Currency?
As of 2024 here is a current list of Bangladesh currency conversion to Indian currency.
| Bangladesh Taka (BDT) | India INR |
|---|---|
| 1 | 0.76 |
| 10 | 7.57 |
| 100 | 75.73 |
| 1,000 | 757.33 |
| 10,000 | 7,573.33 |
| 1,00,000 | 75,733.28 |
| 10,00,000 | 7,57,332.77 |
| 1,00,00,000 | 75,73,327.74 |
You can check this list to send money to India from Bangladesh. Many gateways charge fees according to the amount if the amount is big then it will charge you less.
How To Send Money From Bangladesh To India?
You just have to follow a simple procedure if you are sending money to a bank account. Here are the steps that you can follow for a money transfer from Bangladesh to India.
- Give the receiver’s full name.
- His/Her bank account number.
- Provide Bank Name.
- Bank Routing Number
It will take a few days to reach the amount to the recipient’s account. Because the bank will check all the possibilities and information before sending your money.
How Much Indian Currency Can Carry To India From Bangladesh?
As per the RBI norms, people who are travelling or visiting to India from Bangladesh can carry 25,000 with them at once.
Which Is Cheaper To Send Money To India From Bangladesh?
Bank transfer is much cheaper than other gateway options because it gives you the best value for your money. However, it take time for Money tranfer to India from Bangladesh but worthy also.
How Much Remittances India Get From Bangladesh?
It is about $10 billion in remittances come from Bangladesh. It has become the 4th largest remittance source for India.
Can I Use GPay In Bangladesh To India Money Transfer?
No, you can’t, because Bangladesh doesn’t have access to universal payment due to limited banking infrastructure and strict regulations.
Can I Send Money From Bangladesh To India Through Western Union?
Yes, you can send money to India from Bangladesh by using the Western Union option. It is a good gateway and gives you the best value for your money.