FX 101 for NRIs: Fees, Spreads, and the Smart Way to Move Money

Real exchange rate vs marked-up rate, provider types, and a checklist to cut costs on every transfer.

Compare the real mid-market rate to the rate you're offered. Watch for transfer fees, incoming fees, and hidden spreads.

Tip: Build a personal checklist for each transfer: purpose code, expected arrival time, and proof of source of funds.