Disclosures
Every figure, and whose figure it is
Who asserts what
| Figure | Source | Our claim |
|---|---|---|
| Your bank's rate | You type it in, from your own quote | None. It is your number and we never verify or dispute it. |
| The mid-market reference | European Central Bank daily reference rate, via frankfurter.app, shown with its publication date | Only that we reproduced it faithfully. It is a daily fix, not a live tradeable price, and the page says so. |
| The arithmetic between them | Ours | This is the only thing on the site we assert. It is published as source and covered by tests. |
| SWIFT charge and correspondent deduction | Published typical ranges — ₹750–₹1,500 and $10–$25 — market-wide, not per bank | Unverified. We have not captured these from a bank ourselves, they are labelled as estimates on screen, and they are not a claim about what your bank will charge. |
| What any named bank charges | — | We make no such claim, anywhere. This is not a comparison site and there is no bank dropdown. |
Regulatory facts we rely on
Three published rules shape everything the tool says. They are stated here so that if one is wrong, you can tell us which.
- The caps. Outward remittance from an NRO account is limited to USD 1,000,000 per financial year, and USD 100,000 per transaction. A large property exit is therefore several wires.
- Forms 145 and 146. From 1 April 2026, under the Income-tax Act 2025, Form 145 replaced Form 15CA and Form 146 replaced Form 15CB. Form 145 is the remitter's declaration; Form 146 is the Chartered Accountant's certificate. Remittances completed before 31 March 2026 still use the old forms. A great deal of guidance online has not caught up.
- Withholding on a property sale is applied to the sale price, not to the gain, which is why a lower-deduction certificate and its timing matter more than the exchange rate does.
What we are not
Are you a money transmitter?
No. We never receive, hold, route or initiate a payment, so there is no state money transmitter licence and no FinCEN MSB registration, because neither applies. You execute the wire yourself at your own AD Category-I bank.
Are you accountants or tax advisers?
No. We do not sign returns, we do not issue opinions, and we do not hold out as accountants. We supply process, timing, price and arithmetic. Anything that needs interpreting goes to a Chartered Accountant.
Are you lawyers?
No. Nothing on this site is legal advice. Questions of interpretation go to an attorney.
What do you store about me?
Nothing. There is no database, no account, no analytics, no cookies and no email capture. The amount and rate you type never leave your browser, because the calculation runs there rather than on a server.
How do you make money, then?
The rate checker is free and always will be. We are building a paid managed service for NRI property exits, where a Chartered Accountant invoices you separately for the work only a CA can do. We do not take a share of a CA's fee — Indian professional rules prohibit it, and we would not want the incentive anyway.
Operated by EthicSend LLC · Ohio, USA · Entity #5649584. If anything on this page conflicts with what the tool shows you, the tool is what we stand behind and this page is what needs fixing — write to hello@ethicsend.com.