Axis Bank Forex Rate & Inward Remittance Charges Today (2026): TT Buying, TT Selling, Card Rate, FIRC and GST
Axis Bank TT Buying Rate Today
Axis Bank's USD to INR TT buying rate today is ₹95.04, and its TT selling rate is ₹98.34.
All rates on this page are taken from the Forex Card Rates sheet Axis Bank published on 8 October 2026 at 09:20 AM, and are refreshed here twice a day.
Axis Bank publishes a fresh rate sheet every forex working day and can revise it as the market moves. Money you receive from abroad is converted at its TT (telegraphic transfer) buying rate, and money you send abroad at its TT selling rate. Both sit on either side of the mid-market rate you see on Google, and the gap is Axis Bank's margin. Axis publishes card rates once each forex working day and may revise them during the day. For transactions above ₹25 lakh, Axis asks you to contact your RM for a preferential rate.
Axis Bank's TT buying rate for USD is ₹95.04 today, against a mid-market rate of ₹96.71. The TT buying rate is the one that applies when money from abroad is credited to your Axis Bank account, and it sits 1.73% below mid-market.
| Currency | Axis Bank TT buying rate (₹) | ₹ you get on 1,000 units |
|---|---|---|
| USD, US Dollar | 95.04 | 95,040 |
| EUR, Euro | 105.97 | 1,05,970 |
| GBP, British Pound | 124.36 | 1,24,360 |
| AED, UAE Dirham | 25.52 | 25,520 |
| AUD, Australian Dollar | 65.27 | 65,270 |
| CAD, Canadian Dollar | 65.92 | 65,920 |
| SGD, Singapore Dollar | 74.17 | 74,170 |
| SAR, Saudi Riyal | 24.96 | 24,960 |
| CHF, Swiss Franc | 113.17 | 1,13,170 |
| JPY, Japanese Yen (per 100 units) | 59.13 | 591 |
Rates from Axis Bank's Forex Card Rates sheet, published 8 October 2026 at 09:20 AM. Source: Axis Bank Forex Card Rates
- Who it applies to: Freelancers, exporters and anyone receiving money from abroad into a resident account.
- Export bills: If you export goods and your payment comes against export bills handled through the bank, Axis Bank's bills buying rate applies instead of the TT buying rate.
- What it costs you: On $10,000, the gap to mid-market is about ₹16,700 before any fee or GST.
- Where to see your actual rate: The rate Axis Bank applied is on your credit advice or FIRA. To see the rate Axis Bank actually applies, averaged from real customer FIRAs, check the Axis Bank forex rate today tracker.
Axis Bank TT Selling Rate Today
TT selling doesn't apply to money you receive; it's the rate for sending money abroad.
Axis Bank's TT selling rate for USD is ₹98.34 today, 1.69% above the mid-market rate of ₹96.71. The TT selling rate applies when you send money abroad from your Axis Bank account, such as an overseas supplier payment or tuition fee.
| Currency | Axis Bank TT selling rate (₹) | ₹ to buy 1,000 units |
|---|---|---|
| USD, US Dollar | 98.34 | 98,340 |
| EUR, Euro | 110.70 | 1,10,700 |
| GBP, British Pound | 131.11 | 1,31,110 |
| AED, UAE Dirham | 27.13 | 27,130 |
| AUD, Australian Dollar | 69.26 | 69,260 |
| CAD, Canadian Dollar | 69.67 | 69,670 |
| SGD, Singapore Dollar | 76.90 | 76,900 |
| SAR, Saudi Riyal | 26.55 | 26,550 |
| CHF, Swiss Franc | 119.02 | 1,19,020 |
| JPY, Japanese Yen (per 100 units) | 63.12 | 631 |
Axis Bank Forex Card Rates Today
Rates from Axis Bank's Forex Card Rates sheet, published 8 October 2026 at 09:20 AM. Outward remittance fees, TCS and GST are charged separately.
For example, paying a $1,000 invoice abroad costs ₹98,340 at Axis Bank's TT selling rate, against ₹96,710 at the mid-market rate, so ₹1,630 goes to the spread before fees.
Axis Bank's Forex Card Rates sheet lists a separate buying and selling rate for each type of transaction, including TT, bills and cards or cash. Currency-note rates carry the widest margins and card rates usually sit wider than TT rates too, so only the TT buying rate tells you what an inward wire will fetch.
| Rate type | USD | EUR | GBP | AED |
|---|---|---|---|---|
| TT buying | 95.04 | 105.97 | 124.36 | 25.52 |
| TT selling | 98.34 | 110.70 | 131.11 | 27.13 |
| Bill buying | 94.73 | 105.68 | 124.00 | 25.47 |
| Bill selling | 98.65 | 110.99 | 131.47 | 27.18 |
| Travel card / TC buying | 95.08 | 105.73 | 124.25 | 25.37 |
| Travel card / TC selling | 98.30 | 110.94 | 131.22 | 27.28 |
| Currency notes buying | 94.78 | 105.43 | 123.95 | 25.32 |
| Currency notes selling | 98.60 | 111.24 | 131.52 | 27.33 |
All rates in ₹ per unit, from the sheet published 8 October 2026 at 09:20 AM. Download Axis Bank's Forex Card Rates
- TT rates: For wire transfers in and out of your account.
- Bill rates: For export and import documents handled through the bank, such as export bills.
- Card and cash rates: For forex travel cards and currency notes. Cash rates carry the widest margins.
- Check the date: Axis Bank replaces this sheet each working day, so check the date and time printed on it before you rely on a figure.
What Do TT Buying and TT Selling Rates Mean?
The TT buying rate is the rate at which a bank buys foreign currency from you and pays you rupees, used when you receive money from abroad. The TT selling rate is the rate at which the bank sells you foreign currency, used when you send money abroad. TT stands for telegraphic transfer, meaning an electronic wire between banks.
| Rate | What it means | When it applies | Axis Bank USD rate today |
|---|---|---|---|
| Mid-market rate | Midpoint between global buy and sell prices, the rate on Google | Reference only, banks don't deal at it | ₹96.71 |
| TT buying rate | Bank buys your foreign currency, pays you INR | Receiving money from abroad | ₹95.04 |
| TT selling rate | Bank sells you foreign currency for INR | Sending money abroad | ₹98.34 |
| Buy-sell spread | Gap between the two rates | Bank's total margin on a round trip | ₹3.30 |
- Named from the bank's side: "Buying" and "selling" describe what the bank does. When you receive dollars, the bank buys them, so the buying rate applies.
- Always lower and higher: The buying rate is always below mid-market and the selling rate always above it, so you lose a little on both sides.
- Not the card rate: Forex card and cash rates are separate columns on the same sheet, with wider margins than TT rates.
For example, if you received $1,000 at Axis Bank today and sent the same $1,000 back out, you'd get ₹95,040 in and pay ₹98,340 out. That ₹3,300 difference is Axis Bank's spread on the round trip.
Axis Bank inward remittance charges are the fees and conversion costs taken when money sent from abroad is credited to your Axis Bank account. An inward remittance is any payment that enters India from another country, and Axis recovers its cost through a commission on each wire, the exchange rate, certificates and GST.
For a freelancer, an inward remittance is a client invoice paid by SWIFT wire. For an exporter, it's the proceeds of a shipment or a service contract. For an NRI's family, it's money sent home. In each case, the amount your client sends and the amount Axis credits are rarely the same.
Who pays which charge depends on the charge code your client picks on the SWIFT transfer:
- OUR: Your client pays all bank charges, including intermediary fees, so the full amount reaches Axis.
- SHA (shared): Your client pays their own bank's fee, and you bear every charge after that. This is the default for most business payments.
- BEN: You pay all charges, including the sender's bank fee, which is deducted before the money leaves.
Components of Axis Bank Inward Remittance Charges
Axis Bank inward remittance charges are made up of 5 components. Axis publishes its receiving fee and certificate charges; the rest are built into the rate or deducted before the money arrives.
- Receiving bank fee: The commission Axis charges to credit each incoming wire to your account.
- Forex markup: The gap between Axis's TT buying rate and the mid-market rate you see on Google.
- Intermediary or SWIFT charges: Fees deducted by correspondent banks abroad while the payment is in transit.
- FIRC or BIRC charges: The fee for a certificate proving that foreign money entered India.
- GST: 18% tax on Axis's fees and on the currency conversion.
Axis Bank charges ₹250 plus GST per inward wire for most resident savings accounts and ₹300 plus GST for export receipts into a current account, with GST on the conversion on top. The biggest cost is the forex markup, 1.73% today, which is about ₹16,700 on a $10,000 payment.
| Component | Axis Bank charge (2026) | Shown upfront? |
|---|---|---|
| Receiving fee, resident savings account | ₹250 (₹100 Priority, nil Burgundy) + GST | Yes |
| Receiving fee, individuals via current account | ₹300 + GST | Yes |
| Receiving fee, export receipts incl. advance payment | ₹300 + GST per remittance | Yes |
| Exchange rate used | TT buying rate, ₹95.04 per USD today | Yes, on Axis's card rate sheet |
| Mid-market rate | ₹96.71 per USD today | No, not on Axis's sheet |
| Forex markup | 1.73%, or ₹1.67 per USD | No, built into the rate |
| Intermediary or SWIFT charges | Usually $10 to $40 per payment under SHA or BEN | No, deducted in transit |
| FIRC or BIRC | ₹250 per export certificate, ₹100 per duplicate, eBRC nil | Yes |
| GST | 18% on fees, plus 18% on the conversion slab value | Rarely itemized |
Rates from Axis Bank's Forex Card Rates sheet, published 8 October 2026 at 09:20 AM, refreshed twice a day. Source: Axis Bank inward remittance charges · Axis Bank trade and forex charges
Each of the 5 components works differently at Axis Bank. Unlike some private banks, Axis charges a visible fee on every wire, and the markup still sits on top of it.
Axis Bank Receiving Fee
Axis Bank charges a commission on every inward SWIFT remittance, from nil for Burgundy customers to ₹300 plus GST for current accounts and export receipts. The fee depends on whether you're resident or non-resident, your customer segment, and the type of account the money lands in.
| Customer segment | Resident | Non-resident |
|---|---|---|
| Burgundy and Burgundy Private | Nil | Nil |
| Priority | ₹100 | ₹25 |
| Others | ₹250 | ₹100 |
| Individuals via current account | ₹300 | ₹300 |
| Export receipts incl. advance payment (trade schedule) | ₹300 | ₹300 |
All amounts are per remittance, before 18% GST.
- Where the fee is taken: Axis deducts the commission from the transaction amount when it credits your account.
- Non-retail receipts: Export of goods, FDI and other non-retail payments follow Axis's trade and forex schedule, where inward remittances cost ₹300 each.
- Keeping foreign currency: Axis charges 0.125% commission in lieu of exchange when it earns no conversion margin, but this doesn't apply to inward remittances credited to an EEFC account.
- Purpose code changes: Changing the purpose code on a remittance after it's processed costs ₹1,000.
- Foreign currency cheques: Collection costs 0.25%, with a ₹100 minimum, plus ₹50 postage.
For example, a freelancer receiving 1 export payment a month into an Axis current account pays ₹354 each time with GST, or ₹4,248 a year, before the markup.
Axis Bank Forex Markup on Inward Remittance
Axis Bank converts inward remittances at its TT buying rate, which for USD is ₹95.04 today against a mid-market rate of ₹96.71. The gap of 1.73% is Axis's forex markup, and it's the largest cost on most payments.
| USD to INR today | |
|---|---|
| Mid-market rate (the rate on Google) | ₹96.71 |
| Axis Bank TT buying rate | ₹95.04 |
| Markup per dollar | ₹1.67 |
| Markup as % | 1.73% |
| Cost of the markup on $10,000 | ₹16,700 |
Axis publishes its card rates once each forex working day and may revise them during the day. The rate applied to your payment is the one prevailing when your account is credited, and it's shown on your credit advice or FIRA. For transactions above ₹25 lakh, Axis asks you to contact your RM for a preferential rate.
Today's TT buying rates for 10 currencies are in the Axis Bank TT Buying Rate Today section above.
To see the rate Axis actually applies, averaged from real customer FIRAs, check the Axis Bank forex rate today tracker. Source: Axis Bank Forex Card Rates
For example, say your client pays $2,500. At the mid-market rate that's ₹2,41,775. At Axis's TT buying rate it's ₹2,37,600, so ₹4,175 goes to the markup before any fee or GST.
Intermediary or SWIFT Charges on Axis Bank Inward Remittance
Intermediary or SWIFT charges on an Axis Bank inward remittance are deducted by correspondent banks abroad before the money reaches Axis, typically $10 to $40 per payment. Axis states these deductions fall outside its purview, and whether you bear them depends on your client's charge code.
| Charge code | Who pays intermediary charges | What reaches Axis on a $1,000 payment |
|---|---|---|
| OUR | Your client | $1,000 |
| SHA (shared) | You, for charges after the sender's bank | About $975 to $990 |
| BEN | You, for all charges including the sender's bank fee | Often under $970 |
- Why it happens: A US or UK bank often has no direct account with Axis, so the payment passes through 1 or more correspondent banks, and each can take a fee.
- Axis's USD exception: Axis's US correspondents charge nothing on USD sent to NRE or FCNR accounts if the sender prefixes NRE or FCNR to the account number and uses charge code OUR.
- Tracing a payment: A SWIFT tracer on a delayed payment costs ₹500.
- How to avoid it: Ask your client to choose OUR, or use a receiving method where your client pays into a local account in their own country.
For example, a freelancer on 4 SHA payments a month losing $20 each gives up $80 a month, close to ₹7,603 at today's rate, before Axis converts a single dollar.
Axis Bank FIRC and BIRC Charges
Axis Bank charges ₹250 plus GST for a certificate on an export transaction, ₹100 for a duplicate FIRC or BRC, and nothing for an eBRC. Freelancers and exporters need proof of inward remittance for every export payment, so this adds up on monthly invoices.
| Document | What it proves | Who needs it | Axis Bank charge |
|---|---|---|---|
| FIRC (Foreign Inward Remittance Certificate) | Foreign money entered India | FDI receipts, priced within the FDI inward remittance fee | 0.125%, min ₹10,000, max ₹25,000 |
| BIRC / FIRA for export receipts | Export payment received, linked to EDPMS | Freelancers and service exporters | ₹250 per certificate |
| eBRC / manual BRC | Export proceeds realised | Goods and service exporters | Nil |
| Duplicate FIRC or BRC | Replacement copy | Anyone who lost the original | ₹100 |
All amounts before 18% GST.
- Why you need it: It proves an export of services was paid for in foreign currency. Your CA uses it for zero-rated GST under an LUT, and it closes the export record in RBI's EDPMS.
- When to request it: Ask with every payment rather than in bulk at year end.
- Purpose code: Axis needs the right RBI purpose code before crediting export proceeds. For software and IT services, this is usually P0802, and correcting it later costs ₹1,000.
For example, a freelancer with 3 clients paying monthly needs 36 certificates a year. At ₹295 each with GST, that's ₹10,620.
GST on Axis Bank Inward Remittance
Axis Bank charges 18% GST in 2 places on an inward remittance: on its commission and certificate fees, and on the currency conversion itself. The conversion GST is worked out on a notional value under Rule 32 of the CGST Rules, so it never goes above ₹10,800.
| INR amount converted | Taxable value | GST at 18% |
|---|---|---|
| Up to ₹1,00,000 | 1% of the amount, minimum ₹250 | ₹45 to ₹180 |
| ₹1,00,001 to ₹10,00,000 | ₹1,000 + 0.5% of the amount above ₹1 lakh | ₹180 to ₹990 |
| Above ₹10,00,000 | ₹5,500 + 0.1% of the amount above ₹10 lakh, capped at ₹60,000 | ₹990 to ₹10,800 |
- GST on fees: A ₹250 commission becomes ₹295, and a ₹300 commission becomes ₹354.
- GST on conversion: Charged every time foreign currency becomes INR, on top of the commission.
- Input tax credit: If you're GST-registered, the GST on bank charges can usually be claimed as input tax credit. Check this with your CA.
For example, a $10,000 payment converted at Axis's TT buying rate of ₹95.04 gives ₹9,50,400. The taxable value is ₹5,252 (₹1,000 + 0.5% of the amount above ₹1 lakh), so GST on the conversion is ₹945.
Source: Axis Bank inward remittance charges, GST note
Skydo is better than Axis Bank for receiving international payments because it converts at the mid-market rate with zero markup, charges 1 flat fee, and issues a FIRA free with every payment. On a $10,000 export payment, you keep about ₹16,884 more than with an Axis Bank wire.
| Axis Bank wire | Skydo | |
|---|---|---|
| Exchange rate | TT buying rate, ₹95.04 | Mid-market rate, ₹96.71, zero markup |
| Fee on $10,000 | ₹300 + ₹54 GST | $29 flat + 18% GST on the fee |
| Intermediary or SWIFT charges | $20 (SHA, assumed) | None, your client pays into a local account |
| FIRC / FIRA | ₹295 per certificate | Free and instant with every payment |
| GST | ₹944 on the conversion | ₹505 on the $29 fee |
| Settlement time | 2 to 5 working days | Under 24 hours |
| You receive on $10,000 | ₹9,46,906 | ₹9,63,790 |
- Zero markup: Skydo converts at the mid-market rate you see on Google, so nothing is hidden in the rate.
- Flat pricing: $19 on payments under $2,000, $29 from $2,001 to $10,000, and 0.3% above $10,000.
- No per-wire commission: Axis takes ₹250 to ₹300 plus GST on every wire. Skydo's flat fee is the only charge.
- No SWIFT deductions: Your client pays into a local account in their country, so no correspondent bank takes a cut.
- Compliance built in: Skydo applies the RBI purpose code and issues a FIRA on every payment at no cost.
- Regulated: Skydo is authorised by the Reserve Bank of India as a Payment Aggregator, Cross Border (PA-CB).
Source: Skydo pricing · Axis Bank vs Skydo rate comparison
If your current account and trade finance are with Axis, you can keep it as your settlement account. Skydo pays INR into it, so your bank relationship stays where it is and only the conversion moves.
