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What are the other charges for the Multi-Currency Account – Business

As an Indian business, you don’t have to worry about extra charges for local collections and payments. Transactions in USD, GBP, EUR, and CAD only require a 0.99% fee, while other currencies require a slightly higher fee of 1.25%.

However, certain situations may result in additional fees:

  • If someone sends you money through SWIFT or FEDWIRE, there is a $10 fee.
  • For withdrawals exceeding $10,000 or non-INR withdrawals through SWIFT, there is a $30 fee plus a 0.50% payment fee.
  • Local payments (Non-INR) to other countries will have a $4 payment fee
  • If you convert between currencies (non-INR), a 1.50% FX markup will be applicable.

By considering these fees, you can make informed decisions and ensure that your transactions are as cost-effective as possible.

If you need any further assistance, please contact us.