How to send money to Bangladesh from India with the best INR-BDT rate

Don't settle for the first option. Always compare ways to send money from India to Bangladesh to find out about fees, speed, and reliability.

Right now, for INR/BDT

• Wise is our top choice for INR to BDT transfers. Sending 22,100 INR to BDT will cost you ₹796.68 in fees, and you will receive 27,640.63 BDT. The delivery time is within a week, but it depends on the day you make the transfer.

• Ria Money Transfer is the cheapest way to send money to Bangladesh from India out of the 4 companies compared. Our data shows that Ria Money Transfer is 0.89% cheaper than the second-best option. This includes a transfer fee of 4 INR and 2.8% markup.

• Fastest way to send money from India to Bangladesh is with Ria Money Transfer. For example, sending 22,100 INR to Bangladesh with Ria Money Transfer will cost you ₹Ria Money Transfer, but the delivery time is minutes - 24 hours.

Our analysis included 4 providers that operate between India and Bangladesh.

The exchange rate determines how many INR the recipient will get in Bangladesh when you send money from India.

Today, the average exchange rate between Indian Rupee and Taka is 1.3046.

When calculating the costs of money transfers between India and Bangladesh, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the INR-BDT mid-market rate equals 1.3046 BDT per Indian Rupee.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Ria Money Transfer, cahrging 4 INR per transfer. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in Taka is the biggest indicator the total cost of sending money from India to Bangladesh. Essentially, the more the recipient receives in Bangladesh, the less it is costing to send from India.

The INR-BDT exchange rate you receive is often the bigger factor than how much it costs to send Indian Rupees to Bangladesh.

Sometimes, waiting a day or two can help you get more BDT for the same amount of Indian Rupees.

When sending money from India to Bangladesh, the best way to save on fees is to use a bank transfer with Ria Money Transfer.

Here are all the ways to send money from India to Bangladesh:

Bank transfers

Bank transfers are often the default option for sending money from India to Bangladesh.

By using a money transfer company such as Ria Money Transfer for transfers from India to Bangladesh, you can send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from India to Bangladesh with a debit or a prepaid card is very simple with Western Union Agent.


Western Union Agent is a leader in debit card payments for transfers from India to Bangladesh, competing among a total of 4 active money transfer companies on this route.

Credit cards

You can deposit INR with a credit card when sending BDT to Bangladesh, but in most cases, this means taking a cash advance, resulting in higher fees.

Making sure your funds are safe when transferring from India to Bangladesh is really important.

Always choose providers that are regulated by financial authorities.

If you don’t know what the key regulatory bodies for money transfers are between India and Bangladesh, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

For example, we suggest using Wise if you need to send large amounts of INR to Bangladesh.

There are different ways to receive money in Bangladesh. You can do a direct bank deposit, cash pickup, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank transfers between India and Bangladesh.

And if you need cash right away, check if cash pickup is an option for transfers between India and Bangladesh.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but most are made for domestic transfers and have higher costs compared to money transfer providers like Ria Money Transfer.

When you're sending or receiving money between India and Bangladesh, you have to be ready to show some ID.

The exact documents you need might vary. Usually, you will have to show a government ID like a passport or driver's license.

If you're making a big transaction between India and Bangladesh, a provider may ask you for proof of address or may want to know where your money comes from.

That’s why we suggest Wise in this case.

They know how to handle large INR-BDT transfers and will help you get things done fast.

There might be tax implications to consider when sending money from India to Bangladesh.

Some INR-BDT transfers may need to be reported to tax authorities, especially for larger amounts.

When in doubt, please contact a tax professional in India or Bangladesh.