Remittance 7

The full record of onboarding Bank of Baroda as a second FX Retail relationship bank — a cold email to treasury, branch paperwork, a USD 100 test remittance, the real 2-day transfer and SWIFT message quirks that followed, and a structural Foreign Bank Charge that narrows its cost advantage.

A failed FX Retail booking via BHIM Bharat Connect put a substantial sum under lien for 11 days, with BHIM, ICICI, and FX Retail each pointing at the others. The money came back — the July 31 entry window it was meant for never did. The full account, and what it actually cost.

A practical guide to remitting money abroad efficiently under the Liberalised Remittance Scheme (LRS).

A step-by-step walkthrough of executing a live INR-to-USD forex transaction using FX Retail via Bharat Connect (BHIM), completing the remittance on ICICI Bank Money2World, and investing in an Irish ETF on IBKR

A comparison of foreign exchange rates for converting INR to USD across different channels like direct banking, FX Retail Web, and the newly discovered FX Retail via Bharat Connect.

Indian investors lose 2-3% to hidden bank forex markup on every INR to USD transfer. Learn how to use FX Retail to negotiate lower rates for IBKR funding, forex card loading, and LRS remittances.

How Indian investors can reduce the hidden forex markup cost when funding Interactive Brokers accounts by using FX Retail instead of the bank's default remittance rate.