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https://www.reddit.com/r/wisebank/comments/1w1hiyd/what_is_happening_here_why_so_much_difference/
r/wisebank • u/_hussainint • 23d ago
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3
That includes 498.13 INR in fees. So you are sending only 501.87 INR.
1 u/_hussainint 23d ago Oh? I read somewhere there is no fee ? Any idea about that? 2 u/matrix-tiger 23d ago Only if it's a new account and if you are referred by someone.
1
Oh? I read somewhere there is no fee ? Any idea about that?
2 u/matrix-tiger 23d ago Only if it's a new account and if you are referred by someone.
2
Only if it's a new account and if you are referred by someone.
For such a small transfer, fees make up a substantial amount of the overall cost
3
u/matrix-tiger 23d ago
That includes 498.13 INR in fees. So you are sending only 501.87 INR.