See how many rupees your family receives and what a transfer really costs once the exchange-rate margin is counted.
Recipient gets in India
Total cost of the transfer (fee + exchange margin)
Exchange-rate margin
Reference rate (₹ per unit)
Rate used (₹ per unit)
When you send money home, the fee is only part of the cost. Banks, exchange houses and apps also give you a rate below the mid-market rate — the rate you see in the news — and keep the difference. Enter the rate and fee you have been quoted to see what the recipient gets and what the transfer really costs.
Example
You send AED 1,000. The mid-market rate is ₹25 per dirham, but the exchange house offers ₹24.75 and charges AED 15. Your family receives (1,000 − 15) × 24.75 = ₹24,378.75. At the mid-market rate, AED 1,000 is worth ₹25,000, so the transfer costs you ₹621.25, about 2.5%.
Getting a better deal
Compare the amount received, not the fee: a “zero fee” offer often hides a wider rate margin.
Send larger amounts less often if the fee is fixed.
Send to an NRE account if the money is your own savings — it stays repatriable and the interest is tax-free in India.
How this is calculated
Received = (amount − fee) × rate offered
Cost = amount × reference rate − received. The reference rate is the mid-market rate: ECB reference rates, with Gulf currencies at their official US dollar pegs.
Reference rates as of 2026-10-14.
Assumptions
Many providers advertise "zero fee" but give a lower rate — compare the total cost, not just the fee.
The recipient's bank in India may charge a small fee for incoming transfers.
Money sent home to family is not income for the recipient; large gifts from relatives are tax-free in India.
From the European Central Bank's daily reference rates. Gulf currencies are fixed to the US dollar, so their rupee rates are worked out from the dollar rate and the official peg.
Is money sent to family in India taxed?
Money you send to your own account or to relatives as a gift is not income for them. Income-tax rules on gifts exempt gifts from relatives, whatever the amount.
Why does my bank's rate change during the day?
Providers update their rates with the market and add their own margin. The reference rate here is published once a working day, so use it as a benchmark, not a live quote.
Results are estimates for information only, based on the inputs and assumptions shown. They are not financial, tax or legal advice. Banks, fund houses and the tax department may calculate actual amounts differently.