Stock Selling, Funds transfer from Fidelity to Indian Bank account
#tech #espp #rsu #vesting #usdtoinr #banktransfer Will be receiving 25% of my stock award from Microsoft soon in May and would like to understand what's the best way to transfer USD to INR, have observed that fidelity is charging 2.5% as conversion fee
Microsoft No_Brain OP Apr 20, 2023
I want to transfer 10k usd to inr and looking for the best option to save on conversion charges
Google Xugler Apr 20, 2023
$10K is not enough to make a fuss about. Just pick the simplest option (wise/m2i whatever).
Depends on how much money we're talking about. If it's more than $50K, wire transfer to India in USD so that there's no conversion charge (there will be a flat fee). Then negotiate an exchange rate with your local bank. IDFC/ICICI etc offer good deals with low commissions (I used to pay 25p/$ to ICICI until IDFC offered me 10p/$.