Indian Overseas Bank Inward Remittance Charges — Receiving Money in India
Indian Overseas Bank charges a published fee when you receive money in India from abroad. The breakdown and worked totals for a typical incoming USD transfer at ₹50,000, ₹1,00,000 and ₹5,00,000 follow.
Inward fee components
| Component | Definition |
|---|---|
| Inward Remittance Commission (Individual) | Flat ₹150 |
| GST on Inward Commission (18%) | 18% on inward_commission |
Worked examples (incoming USD)
| Receive equiv. (INR) | USD amount | Bank fee |
|---|---|---|
| ₹50,000 | 528.32 | ₹177 |
| ₹1,00,000 | 1056.64 | ₹177 |
| ₹5,00,000 | 5283.18 | ₹177 |
Try it
The calculator below is pre-loaded with Indian Overseas Bank in outward mode. Inward-mode preview isn't exposed in the v1 calculator — see the fee table and worked examples above for inward charges.
Transfer details
INR
Today's rate from Indian Overseas Bank's published forex sheet.
Outward remittance
Enter an amount to see charges.