Indian banks charge hidden fees — FX markup, SWIFT charges, FIRC fees, and GST. See exactly how much you're losing and how much you'd save with FaiirPe.
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Estimates based on typical fees as of 2025. Actual costs may vary by bank and transaction. Not financial advice.
A FIRA (Foreign Inward Remittance Advice) is a document your Indian bank issues confirming receipt of foreign currency. A FIRC (Foreign Inward Remittance Certificate) is the certificate form. Both are required for compliance and claiming export benefits.
We compare FaiirPe's flat $19 fee and exchange rate against typical charges from banks and other providers. Bank charges include FX markup (1.5-2%), SWIFT fees (₹500-₹1,500), FIRC issuance fees (₹300-₹2,000), and 18% GST on all bank charges.
The comparison uses typical published fees for each provider. Actual fees may vary based on your bank, plan, and transaction details. We recommend uploading your FIRA for a personalized comparison based on your actual charges.
No. Your FIRA document is processed temporarily to extract the charges shown in our calculator and is immediately discarded. We never store, share, or retain your financial documents.
On a $5,000 monthly invoice, most Indian freelancers save between ₹3,000 and ₹12,000 per month switching from traditional banks to FaiirPe — that's ₹36,000 to ₹1,44,000 annually.
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