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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 96.1% of India to Bangladesh searches, and was the top rated company out of 3 that support INR to BDT.
So for a great mix of cost, speed & features, make your India to Bangladesh transfer using Wise.
How to get the best deal on your India to Bangladesh transfer
Summary of recent searches
Important things to consider before sending money from India to Bangladesh
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.
Our analysis included 3 providers that operate between India and Bangladesh.
Through this, you get a comprehensive view of all the options you have in India when you need to send money to Bangladesh.
Cheapest way to send money to Bangladesh from India: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
The ₹1346.75 transfer cost represents the most common fee for INR to BDT international transfers, based on data from the past six months.
If you want to secure the best rates on a INR to Bangladesh transfer, make sure you pick Wise to send your money online.
*The most common fee applied to INR-BDT by Wise, based on data from the past six months.
Fastest way to send money from India to Bangladesh: Wise
Our data shows that Wise came up as the fastest way to send money from India to Bangladesh in 92.8% of searches. This makes them well suited to urgent INR to BDT money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from India to Bangladesh - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Bangladesh from India in 92.8% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send INR from India to Bangladesh, it’s the provider that will keep you safe and relaxed while your money moves into BDT.
Understanding the costs involved when moving money from India to Bangladesh
When calculating the costs of money transfers between India and Bangladesh, here's what really matters:
The Mid-Market Rate: Today, the INR-BDT mid-market rate equals to 1.315941 BDT per Indian Rupee.
The INR-BDT average exchange rate for the past three months has been 1.3215 BDT per Indian Rupee, with a high of 1.3343 and a low of 1.3064.
When looking to send money, we'd recommend Wise. On average Wise is -0.03% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from INR to BDT.
How to find the best exchange rate for Indian Rupee to Taka
Timing is essential for sending money between INR and BDT. The exchange rate you secure impacts how much BDT you get for your INR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from INR to BDT has seen some fluctuation. On average, it stood at 1.3215.
During this period, the highest value recorded was 1.3343, while the lowest was 1.3064.
Wise, which is our recommended service to send money online from India to Bangladesh offers an exchange rate that is only -0.03% above the mid-market rate.
Want to secure the best INR-Taka exchange rates?
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Payment methods available to fund your India to Bangladesh transfer
Bank transfers
Bank transfers are often the default option for sending money from India to Bangladesh.
By using a money transfer company such as Wise for transfers from India to Bangladesh, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 3 we tested when sending INR to Bangladesh.
With an average fee of INR1318.43 to send money from India to Bangladesh, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from India to Bangladesh with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from India to Bangladesh, competing among a total of 3 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from India to Bangladesh, Instarem emerges as our top choice of the 3 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Bangladesh and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Bangladesh.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to BDT.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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