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FX live, 150 of 153 currencies refreshed 28 Sept 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
Razorpay · launched 2014
Indian gateway pricing for cards and netbanking; UPI is settled separately at zero MDR.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: Razorpay standard domestic rate.
Market
In force since 10 Sept 2024
2% effective
−7.9% relative · from 2.17%
−27.0% relative · 4 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
10 Sept 2024 → current
29 Jan 2023 → 10 Sept 2024
9 Oct 2020 → 29 Jan 2023
1 Jan 2019 → 9 Oct 2020
Online pricing across every country where this method is available, with the cost on a ₹100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| India | 2% | ₹2.00 | 2% | 10 Sept 2024 | Estimate |