Cost to send money from India to Nepal
Sending INR 13,300 from India to Nepal cost 3.14% of the amount on average in Q3 2025, across 21 services surveyed by the World Bank. The lowest cost was 0.45% (Punjab National Bank) and the highest 11.27%. INR 13,300 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 3.10%.
| Average total cost (US$200 equivalent) | 3.14% |
| Average total cost (US$500 equivalent) | 1.53% |
| Average FX margin | 0.27% |
| Banks | 3.14% across 21 services |
| Surveyed | 22 Aug 2025 to 22 Aug 2025, 7 providers |
Every service surveyed, cheapest first
Total cost is the fee plus the FX margin, as a share of INR 13,300.
| Provider | Type | Pay by | Receive as | Speed | Fee | FX margin | Total cost |
|---|---|---|---|---|---|---|---|
| Punjab National Bank | Bank | Cash | Own/partner Bank account | 2 days | INR 59.00 | 0.01% | 0.45% |
| Punjab National Bank | Bank | Bank account transfer | Own/partner Bank account | 2 days | INR 59.00 | 0.01% | 0.45% |
| Punjab National Bank | Bank | Bank account transfer | Own/partner Bank account | 2 days | INR 59.00 | 0.01% | 0.45% |
| Punjab & Sind Bank | Bank | Cash | Cash | 2 days | INR 75.00 | -0.01% | 0.55% |
| Punjab & Sind Bank | Bank | Cash | Bank account | 2 days | INR 75.00 | -0.01% | 0.55% |
| Punjab & Sind Bank | Bank | Bank account transfer | Cash | 2 days | INR 75.00 | -0.01% | 0.55% |
| Punjab & Sind Bank | Bank | Bank account transfer | Bank account | 2 days | INR 75.00 | -0.01% | 0.55% |
| SBI-Nepal Express Remit | Bank | Bank account transfer | Own/partner Bank account | 2 days | INR 75.00 | 0.01% | 0.57% |
| SBI-Nepal Express Remit | Bank | Cash | Own/partner Bank account | 2 days | INR 75.00 | 0.01% | 0.57% |
| SBI-Nepal Express Remit | Bank | Cash | Cash | 2 days | INR 218.75 | 0.01% | 1.65% |
| SBI-Nepal Express Remit | Bank | Cash | Bank account | 2 days | INR 218.75 | 0.01% | 1.65% |
| SBI-Nepal Express Remit | Bank | Bank account transfer | Bank account | 2 days | INR 218.75 | 0.01% | 1.65% |
| SBI-Nepal Express Remit | Bank | Bank account transfer | Cash | 2 days | INR 218.75 | 0.01% | 1.65% |
| Bank of Baroda | Bank | Bank account transfer | Bank account | 2 days | INR 545.00 | 0.27% | 4.37% |
| Bank of Baroda | Bank | Bank account transfer | Bank account | 2 days | INR 545.00 | 0.27% | 4.37% |
| Bank of India | Bank | Bank account transfer | Bank account | 2 days | INR 590.00 | 0.30% | 4.74% |
| Bank of India | Bank | Bank account transfer | Bank account | 2 days | INR 590.00 | 0.30% | 4.74% |
| State Bank of India | Bank | Bank account transfer | Bank account | Next day | INR 1,036.04 | 0.22% | 8.01% |
| State Bank of India | Bank | Bank account transfer | Bank account | Next day | INR 1,036.04 | 0.22% | 8.01% |
| ICICI Bank Money2World | Bank | Bank account transfer | Bank account | Next day | INR 930.00 | 2.06% | 9.05% |
| ICICI Bank Money2World | Bank | Bank account transfer | Bank account | Next day | INR 1,225.00 | 2.06% | 11.27% |
How the cost has moved
The average was 2.97% in Q2 2016, the first quarter in this series with data for the corridor, and 3.14% in Q3 2025.
The UN target
The UN Sustainable Development Goals aim to bring the global average cost of sending remittances below 3% by 2030 and to remove corridors costing more than 5%. The World Bank measures the 5% test on the average of the three cheapest qualifying services in each corridor, not on the corridor average. source In this corridor the three cheapest services surveyed averaged 0.45% (a plain average, without the World Bank's qualifying rules).
Related
Frequently asked questions
How much does it cost to send money from India to Nepal?
Sending INR 13,300 from India to Nepal cost 3.14% of the amount on average in Q3 2025, across 21 services surveyed by the World Bank. The lowest cost was 0.45% (Punjab National Bank) and the highest 11.27%. INR 13,300 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 3.10%.
Which service cost least from India to Nepal?
In the World Bank's Q3 2025 survey the lowest total cost was 0.45% of INR 13,300, from Punjab National Bank. Costs change with exchange rates, so check current prices with each provider.
Where Polynopsis fits
The companies surveyed here move money across borders every day, and many of them prefund payout partners in the receiving country. Polynopsis is liquidity software for those companies: one live position across their banks, payout partners and wallets, with a warning before a corridor runs dry.
Data: World Bank, Remittance Prices Worldwide (complete dataset, licensed CC BY 4.0). Averages and charts are worked out by Polynopsis from that dataset. Services without a US$200 quote are left out of the averages, so a few corridors differ slightly from the World Bank site. Each corridor uses the local send amount the World Bank set as the equivalent of US$200; where that amount is now worth much less than US$200, fixed fees make the percentage cost higher.
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
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