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Understanding the Table:
The comparison table above helps you see the total cost of your State Bank of India currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
State Bank of India is India’s largest commercial bank and the world’s largest player in the Indian rupee foreign exchange market. This unique position enables State Bank to offer the most competitive quote for Indian Rupees.
So when you remit money to India through State Bank of India, Sydney you can be assured that you have received the most Indian Rupees for your foreign currency. Further, the entire transfer is arranged for a small service fee0, irrespective of the amount to be transferred.
* You must be a customer of State Bank of India to use their exchange currency services.
The State Bank of India INR to GBP business exchange rate is 0.0081. This is -4.2% compared to the latest INR-GBP mid-market rate 0.008457.
As Business exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Indian rupee (INR) to British pound (GBP) rates from different sources before making a conversion.
The above State Bank of India - Business Rupee to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by State Bank of India and other foreign exchange providers against the latest INR-GBP mid-rate and the possible savings of using various providers.
Looking at the full INR to GBP - Send Money comparison table the provider with the best Business INR to GBP exchange rate is Wise at 0.0084, -0.67% from the latest mid-market rate 0.008457.
The next best is WorldRemit at 0.0083, -1.9% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like State Bank of India often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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