India - Transaction costs
Average transaction cost of sending remittances to a specific country (%)
Average transaction cost of sending remittances to a specific country (%) in India was 5.41 as of 2020. Its highest value over the past 9 years was 8.57 in 2013, while its lowest value was 5.38 in 2019.
Definition: Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.
Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org
See also:
| Year | Value |
|---|---|
| 2011 | 6.96 |
| 2012 | 7.83 |
| 2013 | 8.57 |
| 2014 | 7.00 |
| 2015 | 6.50 |
| 2016 | 6.23 |
| 2017 | 5.98 |
| 2018 | 5.68 |
| 2019 | 5.38 |
| 2020 | 5.41 |
Average transaction cost of sending remittances from a specific country (%)
Definition: Average transaction cost of sending remittance from a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database from a specific country.
Source: World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org
See also:
| Year | Value |
|---|---|
| 2016 | 1.25 |
| 2017 | 3.03 |
| 2020 | 3.95 |
Classification
Topic: Financial Sector Indicators
Sub-Topic: Access
