Can Rupees be directly transferred into an Indian savings bank account? Is it necessary to transfer in USD?

Question

I have a client in the US. They told me that if I want to be paid in USD they will debit my account with 35 USD before making the transfer. They also told me that if I want to be paid in any other currency than USD, they will pay the outoging fees. I wanted to know if it is possible to ask them to pay in Rupees directly rather than it getting converted by my bank from USD to Rupees? I have an account in the State Bank of India. Will it be more costly for me if they send payment in Rupees or will it be better for me if I ask them to pay in USD? Also if I do ask them to pay in rupees which will be the correspondent bank paying in rupees? I will much appreciate any kind of genuine help.

Answer 1

Yes.
INR can be directly transferred into Indian savings account through 3rd party agents
For example, Western Union Money Transfer
Through SBI it is necessary to transfer in US$

Answer 2

You did not mention why your US client is asking you to pay a $35 transfer fee if they pay you in USD. Why would they charge you a fee for paying you in USD, but not if they transfer to you in any other currency. There is, however, usually a bank fee for money transfers, and it would seem that if your client transferred funds to you in Rupees the transfer fee ought to be about the same as for USD transfer. Check with you bank first about how your funds will be received by them and if they will charge you a fee to convert from USD to Rupees. It is doubtful that a US bank will send payment in Rupees, meaning that they will likely send in USD and then the receiving bank will covert to Rupees. But, my suggestion is that you contact your bank and ask them about charges; they might also have a suggestion or two that might also help you clear up this matter.

Antonius

Answer 3

35 USD appears to be remittance fees. This amount is high is the amount being remitted is low.
1. Even if you ask yr client to pay u in rupees, they can still charg you exchange conversion fees. I suggest you ask SBI for huidance on how much theywill charge you for transfers.
2. If they can send u rupees, naturally the correspondent bank will be handling rupees.

Answer 4

It is better you get the proceeds in usd and keep it in foreign currency account in india if it is possible. The amount 35USD is the transfer fee. Once agin it depends on the amount of USD that it will be transferred. If it is less than 1000 usd ask them to convert and send it.