BusinessHABusd to inr: If you’re based in the United States, you might be surprised to learn that one of the world’s most important currencies isn’t actually used there. That’s right: The United States doesn’t use its own currency, but rather an alternate one called the dollar. While this might seem like a minor detail, it has huge consequences. If you live in the U.S., your life could be much easier if you had access to a stable foreign currency instead of having to deal with fluctuating greenbacks. Fortunately, converting USD to INR is easy with the help of AfterBite and other online banking services. Below we’ll explain how to do it, along with some practical pros and cons that should help you make the right decision for your financial situation.
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How to Convert USD to INR: A Step-by-Step Tutorial
If you live in India and are planning to go abroad for work, education, or leisure, chances are you will need to exchange your local currency for that of the country you’re visiting. The good news is that you can do so with relative ease. The value of the Indian rupee has depreciated substantially over recent years against other major world currencies such as the US dollar, euro, and pound sterling. So rather than exchanging your rupees for another foreign currency at a fixed exchange rate, it’s better to exchange them at a lower rate than they’re worth today. With this in mind, we’ll outline how to convert USD to INR using the best and most reliable Indian banking services available today.
How to Exchange USD to INRCA at the Best Rate
With the value of the US dollar depreciating against India’s rupee, expatriates who need to exchange their USD for INR will find it advantageous to do so at a lower exchange rate.
The best rates are found at international banks that can obtain better exchange rates from external currency exchanges (ECX) and ATM networks.
While you can change dollars into INR at the best rate at any international bank in India, you can also do so at the following banks: – HDFC Bank: HDFC bank offers a 1.70 percent exchange rate for all customers.
INR can be deposited and withdrawn instantly at any of its 8429 branches across India and more than 7000 ATMs.
– ICICI Bank: ICICI bank’s rates are the second best in the country. The best rate that the bank offers is 1.69 percent.
Customers can deposit and withdraw INR at any of their more than 41200 branches and more than 6000 ATMs across India.
– Axis Bank: The best rate that Axis Bank offers is 1.68 percent.
The bank says that it provides this rate due to the high demand for dollars from its clients.
INR can be deposited and withdrawn at any of its more than 3000 branches and at more than 100000 ATMs.
– Citibank: The best exchange rate that Citibank offers is 1.68 percent. INR can be deposited and withdrawn at any of its more than 1600 branches across India and at more than 12000 ATMs.
– HSBC Bank: The best rate offered by the bank is 1.67 percent for all clients. The bank says that it gives this rate because so many of its clients are looking to convert their USD into INR.
– BENDAL: BENDAL offers the best exchange rate of 1.67 percent.
The company bills itself as India’s premier online foreign exchange service.
INR can be deposited and withdrawn at any of its more than 200000 ATMs and at its 240000+ branches across India.
HDFC Bank
The best rate that is available at HDFC bank is 1.70 percent. The bank says that it offers the best rate of the five banks featured in this article due to its extensive network of branches, ATMs, and tie-ups with external ECXs.
Moreover, the bank says that it is committed to ensuring that its customers receive the best possible exchange rate.
With HDFC bank, INR can be deposited and withdrawn using any of the following methods:
– Online/Mobile Banking: The best rate can be obtained at HDFC bank’s online or mobile app.
This is because the bank calculates the rate based on the location of the customer’s account.
– Bank Branch: INR can also be exchanged at a branch of HDFC bank if the exchange rate is better than what is offered at the bank’s ATMs or ECXs.
However, for this, the branch must have a minimum daily exchange rate volume of INR 500,000.
– Bank Branch (off-site): INR can also be exchanged at a branch of HDFC bank if the exchange rate is better than what is offered at the bank’s ATMs or ECXs. However, for this, the branch must have a minimum daily exchange rate volume of INR 500,000.
– Send INR: INR can also be deposited and withdrawn using any of the following methods: – SBI Smart Savings Account – SBI Mobile Balance – SBI Aashutosh – SBI Multicash – SBI Sukanya – SBI Jan Dhan Yojana – SBI Wealth – SBI Inbox – SBI BHIM – SBI Online – SBI Credit Card – SBI Net Banking – SBI Internet Banking – SBI Mobile Phone Bill Payments – SBI Mobile Wallet – SBI ePay – SBI Vijay Credit Card – SBI Loan – SBI Credit Card – SBI Home Loan – SBI Credit Card – SBI Gold – SBI Savings – SBI Credit Card – SBI Liquidity Screen –
ICICI Bank
The best rate that can be exchanged using ICICI bank is 1.69 percent. The best rate offered by the bank can be obtained at any ICICI bank branch or at any of the bank’s more than 412000+ ATMs. The best rate can also be exchanged using the ICICI bank debit card or one of the following methods: – Online/Mobile Banking – Phone Banking – Virtual Banking – iMobile Banking – Mobile Phone Bill Payments – Online Bill Payments – Mobile Phone Balance – Net Banking – SBI Credit Card – SBI Loan – SBI Credit Card – SBI Liquidity Screen – SBI Savings – SBI BHIM – SBI Sukanya – SBI Inbox – SBI Mobile Wallet – SBI Pay – SBI Phone Balance – SBI Loan – SBI Credit Card – SBI Liquidity Screen – SBI Net Banking – SBI Credit Card – SBI Gold – SBI Liquidity Screen – SBI Smart Savings Account – SBI Aashutosh – SBI Multicash – SBI Sukanya – SBI Jan Dhan Yojana – SBI Wealth – SBI BHIM – SBI Online – SBI BHIM – SBI Credit Card – SBI Mobile Wallet –
Axis Bank
The best rate that can be exchanged using Axis bank is 1.68 percent. The exchange rate can be obtained at any of the bank’s more than 3000 branches and at its 100000+ ATMs across India. With Axis bank, INR can be deposited and withdrawn using any of the following methods: – Online/Mobile Banking – Phone Banking – Virtual Banking – iMobile Banking – Mobile Phone Bill Payments – Online Bill Payments – iMobile Payments – Net Banking – SBI Credit Card – SBI Liquidity Screen – SBI Liquidity Screen
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