What is an FX markup?

An FX markup is the hidden profit margin added by banks to the mid-market exchange rate. Even 'zero fee' transfers often hide costs in a poor exchange rate.

Does GST apply to NRI remittances?

Yes, an 18% GST is applicable on the service fee and the gross value of currency exchanged under GST Rule 32(2).

Remittance Cost ComparatorFY 2026-27

Compare Wise, Remitly, and bank wire true costs for sending money to India — including FX spread and hidden fees.

Share this calculation:

Documentation

Quick Summary: Remittance Cost Comparator

The 'zero fee' remittance is a myth in FY 2026-27. Banks often hide 2-3% costs in the exchange rate spread. Use our comparator to find the true cost after including FX markup, flat fees, and 18% GST on service charges.

Related Calculators

NRE vs NRO vs FCNR Calculator

LRS TCS Calculator

International Remittance Estimator

Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.