Be it sending money outside India or receiving money from aboard, the foreign exchange rate offered by your bank comes into play. Previously, only limited banks offered Forex services but nowadays every other bank offers this service. But you should be careful whom you bank with in order to get the best possible rate for your money. Forex is a commission heavy business and it is easy to get a bad deal from your bank if you are not aware of the market rates. I’m writing this blog post after doing some research on this topic and having sent/received money with a few banks over the past few years. Continue reading Which bank gives you the best Foreign Exchange rate for remittances in India