Transfer from fidelity to indian bank
Need to sell and transfer around 80k USD worth of stocks to my indian hdfc NRE account. Whats the best option? 1. Convert to INR using fidelity (fee 1.75%) 2. Transfer USD and let hdfc handle conversion(not sure about the rate) 3. Transfer to wise and then to HDFC 4. ? Folks who have done this please help!!!! I'm based in canada
Transfer to Coinbase - 0 fees Buy USDT through advanced trade- nominal fee Open wazirx account in India Transfer USDT to Indian wazirx account- nominal fee Sell USDT-INR current rate 87.26 compared to 82.77 usd-inr Transfer to your bank account in India -nominal fee Do remember to pay taxes on gains you made and do test transactions to ensure this flow works for you.
this may look normal since you work at “coinbase” but no one will go through this many hoops to do a simple transfer 😅
love how you started with “Transfer to Coinbase”
why can’t you use xoom, remitly . split between two
👆
Updated post. My location is canada.
Just reach out to your HDFC RM and ask them to give you the best possible rate. At 80k USD, they should come very close to mid market forex rate.
Got it. So this should be similar to what wise should give me?
Wise’s rates are BS at this point. Best is Moneygram (25k limit per month). Next is Western Union (50k limit per month). You should ask HDFC to get as close to Moneygram’s rate (including their fee) as possible. Feel free to DM if you want to optimize even further based on your situation.