HDFC Bank Forex Rate & Inward Remittance Charges Today (2026): TT Buying, TT Selling, Card Rate, FIRC and GST
HDFC Bank's USD to INR TT buying rate today is ₹94.97, and its TT selling rate is ₹98.43.
All rates on this page are taken from the Treasury Forex Card Rates sheet HDFC Bank published on 8 October 2026 at 09:20 AM, and are refreshed here twice a day.
HDFC 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 HDFC Bank's margin. HDFC's sheet applies to retail and trade transactions up to ₹20 lakh equivalent. Above that, HDFC may improve the rate based on your relationship.
HDFC Bank TT Buying Rate Today
HDFC Bank's TT buying rate for USD is ₹94.97 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 HDFC Bank account, and it sits 1.80% below mid-market.
| Currency | HDFC Bank TT buying rate (₹) | ₹ you get on 1,000 units |
|---|---|---|
| USD, US Dollar | 94.97 | 94,970 |
| EUR, Euro | 106.02 | 1,06,020 |
| GBP, British Pound | 124.21 | 1,24,210 |
| AED, UAE Dirham | 25.51 | 25,510 |
| AUD, Australian Dollar | 64.79 | 64,790 |
| CAD, Canadian Dollar | 65.84 | 65,840 |
| SGD, Singapore Dollar | 74.16 | 74,160 |
| SAR, Saudi Riyal | 24.96 | 24,960 |
| CHF, Swiss Franc | 113.13 | 1,13,130 |
| JPY, Japanese Yen | 0.5874 | 587 |
Rates from HDFC Bank's Treasury Forex Card Rates sheet, published 8 October 2026 at 09:20 AM. Source: HDFC Bank Treasury 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, HDFC 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 ₹17,400 before any fee or GST.
- Where to see your actual rate: The rate HDFC Bank applied is on your credit advice or FIRA. To see the rate HDFC Bank actually applies, averaged from real customer FIRAs, check the HDFC Bank forex rate today tracker.
HDFC Bank TT Selling Rate Today
TT selling doesn't apply to money you receive; it's the rate for sending money abroad.
HDFC Bank's TT selling rate for USD is ₹98.43 today, 1.78% above the mid-market rate of ₹96.71. The TT selling rate applies when you send money abroad from your HDFC Bank account, such as an overseas supplier payment or tuition fee.
| Currency | HDFC Bank TT selling rate (₹) | ₹ to buy 1,000 units |
|---|---|---|
| USD, US Dollar | 98.43 | 98,430 |
| EUR, Euro | 110.67 | 1,10,670 |
| GBP, British Pound | 131.30 | 1,31,300 |
| AED, UAE Dirham | 27.15 | 27,150 |
| AUD, Australian Dollar | 69.76 | 69,760 |
| CAD, Canadian Dollar | 69.77 | 69,770 |
| SGD, Singapore Dollar | 76.92 | 76,920 |
| SAR, Saudi Riyal | 26.56 | 26,560 |
| CHF, Swiss Franc | 119.11 | 1,19,110 |
| JPY, Japanese Yen | 0.6355 | 636 |
Rates from HDFC Bank's Treasury 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 ₹98,430 at HDFC Bank's TT selling rate, against ₹96,710 at the mid-market rate, so ₹1,720 goes to the spread before fees.
HDFC Bank's Treasury 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 |
|---|---|---|---|---|
| Cash buying (currency notes) | 94.16 | 105.29 | 123.83 | 24.55 |
| Cash selling (currency notes) | 99.24 | 113.62 | 132.50 | 28.67 |
| Bills buying (trade) | 94.44 | 105.43 | 123.51 | 25.36 |
| Bills selling (trade) | 98.96 | 111.27 | 132.01 | 27.29 |
| TT buying (inward remittance) | 94.97 | 106.02 | 124.21 | 25.51 |
| TT selling (outward remittance) | 98.43 | 110.67 | 131.30 | 27.15 |
| Forex card cash-out | 94.68 | 105.70 | 123.83 | 25.40 |
| Forex card load / reload | 98.72 | 111.00 | 131.69 | 27.25 |
All rates in ₹ per unit, from the sheet published 8 October 2026 at 09:20 AM. Download HDFC Bank's Treasury 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: HDFC 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 | HDFC 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 | ₹94.97 |
| TT selling rate | Bank sells you foreign currency for INR | Sending money abroad | ₹98.43 |
| Buy-sell spread | Gap between the two rates | Bank's total margin on a round trip | ₹3.46 |
- 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 HDFC Bank today and sent the same $1,000 back out, you'd get ₹94,970 in and pay ₹98,430 out. That ₹3,460 difference is HDFC Bank's spread on the round trip.
What Are HDFC Bank Inward Remittance Charges?
HDFC Bank inward remittance charges are the fees and conversion costs taken when money sent from abroad is credited to your HDFC Bank account. An inward remittance is any payment that enters India from another country, and HDFC recovers its cost through a receiving fee, 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 HDFC 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 HDFC.
- 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 HDFC Bank Inward Remittance Charges
HDFC Bank inward remittance charges are made up of 5 components. Only 2 of them appear on HDFC's schedule of charges; the rest are built into the rate or deducted before the money arrives.
- Receiving bank fee: The fee HDFC charges to credit the incoming wire to your account.
- Forex markup: The gap between HDFC'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 HDFC's fees and on the currency conversion.
HDFC Bank charges nothing to credit a personal inward remittance, ₹200 plus GST for a FIRC, and 18% GST on the conversion. The biggest cost is the forex markup, 1.80% today, which is about ₹17,400 on a $10,000 payment.
| Component | HDFC Bank charge (2026) | Shown upfront? |
|---|---|---|
| Receiving bank fee, savings account | Nil | Yes |
| Receiving bank fee, current account or export receipts | As per account variant | Ask your branch or RM |
| Exchange rate used | TT buying rate, ₹94.97 per USD today | Yes, on HDFC's rate sheet |
| Mid-market rate | ₹96.71 per USD today | No, not on HDFC's sheet |
| Forex markup | 1.80%, or ₹1.74 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 | ₹200 + GST per certificate | Yes |
| GST | 18% on fees, plus 18% on the conversion slab value | Rarely itemized |
Rates from HDFC Bank's Treasury Forex Card Rates sheet, published 8 October 2026 at 09:20 AM, refreshed twice a day. Source: HDFC Bank remittance fees and charges
Each of the 5 components works differently at HDFC Bank. Some are fixed and published, while others move with the market or depend on how your client sends the money.
HDFC Bank Receiving Fee
HDFC Bank doesn't charge a receiving fee to credit a standard inward remittance to a savings account. Current accounts and export receipts carry charges set by your account variant, so the fee depends on which HDFC account the money lands in.
- Savings account: Personal remittances, such as money from family or a one-off client payment, are credited without an HDFC fee.
- Current account and export receipts: Freelancers and exporters usually receive into a current account. Ask your RM for the charge in writing before your first payment arrives.
- Full Value facility: HDFC's schedule notes that its fees exclude correspondent bank charges, except for payments sent under its Full Value arrangement, where the full amount is credited.
- Foreign currency cheques: Collection costs 0.25% of the INR value, with a ₹250 minimum, plus ₹50 courier.
On paper, receiving money into HDFC looks free. The real cost sits in the next component.
HDFC Bank Forex Markup on Inward Remittance
HDFC Bank converts inward remittances at its TT buying rate, which for USD is ₹94.97 today against a mid-market rate of ₹96.71. The gap of 1.80% is HDFC'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 |
| HDFC Bank TT buying rate | ₹94.97 |
| Markup per dollar | ₹1.74 |
| Markup as % | 1.80% |
| Cost of the markup on $10,000 | ₹17,400 |
HDFC publishes a new rate sheet every working day and revises it as the market moves. The rate applied to your payment is the one prevailing when your account is credited, and it's shown on your credit advice or e-FIRA. The sheet covers transactions up to ₹20 lakh equivalent; above that, rates are negotiated.
Today's TT buying rates for 10 currencies are in the HDFC Bank TT Buying Rate Today section above.
To see the rate HDFC actually applies, averaged from real customer FIRAs, check the HDFC Bank forex rate today tracker. Source: HDFC Bank Treasury Forex Card Rates (PDF)
For example, say your client pays $2,500. At the mid-market rate that's ₹2,41,775. At HDFC's TT buying rate it's ₹2,37,425, so ₹4,350 goes to the markup before any fee or GST.
Intermediary or SWIFT Charges on HDFC Bank Inward Remittance
Intermediary or SWIFT charges on an HDFC Bank inward remittance are deducted by correspondent banks abroad before the money reaches HDFC, typically $10 to $40 per payment. HDFC doesn't levy or control them, and whether you bear them depends on your client's charge code.
| Charge code | Who pays intermediary charges | What reaches HDFC 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 HDFC, so the payment passes through 1 or more correspondent banks, and each can take a fee.
- Why HDFC can't refund it: HDFC's charges exclude those levied by originating or correspondent banks, which sit outside its control.
- 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 ₹7,598 at today's rate, before HDFC converts a single dollar.
HDFC Bank FIRC and BIRC Charges
HDFC Bank charges ₹200 plus GST, ₹236 in total, for each FIRC or e-FIRC you request. Freelancers and exporters need proof of inward remittance for every export payment, so on monthly invoices this adds up to ₹2,832 a year per client.
| Document | What it proves | Who needs it | HDFC Bank charge |
|---|---|---|---|
| FIRC (Foreign Inward Remittance Certificate) | Foreign money entered India | Mostly FDI and FII receipts | ₹200 + GST |
| BIRC / e-FIRA (Bank Inward Remittance Certificate / Advice) | Export payment received, linked to EDPMS | Freelancers and service exporters | ₹200 + GST |
| Credit advice | Amount and rate credited | Everyone | Free with the credit |
- 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: HDFC issues it on request, so ask with every payment rather than in bulk at year end.
- Purpose code: HDFC needs the right RBI purpose code before crediting export proceeds. For software and IT services, this is usually P0802.
For example, a freelancer with 3 clients paying monthly needs 36 certificates a year. At HDFC, that's ₹8,496.
GST on HDFC Bank Inward Remittance
HDFC Bank charges 18% GST in 2 places on an inward remittance: on any fee it levies, such as the ₹200 FIRC charge, 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 FIRC costs ₹200 + ₹36 GST, so ₹236 in total.
- GST on conversion: Charged every time foreign currency becomes INR, even when HDFC takes no fee.
- 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 HDFC's TT buying rate of ₹94.97 gives ₹9,49,700. The taxable value is ₹5,249 (₹1,000 + 0.5% of the amount above ₹1 lakh), so GST on the conversion is ₹945.
Source: ICICI Bank GST rules on forex (same slab applies at every bank)
Skydo is better than HDFC 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 payment, you keep about ₹17,168 more than with an HDFC Bank wire.
| HDFC Bank wire | Skydo | |
|---|---|---|
| Exchange rate | TT buying rate, ₹94.97 | Mid-market rate, ₹96.71, zero markup |
| Fee on $10,000 | Nil receiving fee | $29 flat + 18% GST on the fee |
| Intermediary or SWIFT charges | $20 (SHA, assumed) | None, your client pays into a local account |
| FIRC / FIRA | ₹236 per certificate | Free and instant with every payment |
| GST | ₹943 on the conversion | ₹505 on the $29 fee |
| Settlement time | 2 to 5 working days | Under 24 hours |
| You receive on $10,000 | ₹9,46,622 | ₹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 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 · HDFC Bank vs Skydo rate comparison
If your current account and trade finance are with HDFC, 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.
What is the HDFC Bank TT buying rate today?
HDFC Bank's TT buying rate for USD is ₹94.97 on the sheet published 8 October 2026 at 09:20 AM. It's the rate HDFC Bank uses when money from abroad is credited to your account.
What is the HDFC Bank TT selling rate today?
HDFC Bank's TT selling rate for USD is ₹98.43 on the sheet published 8 October 2026 at 09:20 AM. It's the rate HDFC Bank uses when you send money abroad.
Where can I find HDFC Bank's Treasury Forex Card Rates today?
HDFC Bank publishes its Treasury Forex Card Rates on its website every forex working day, with the date and time printed on the sheet. The rates are indicative, and the rate applied is the one prevailing when your account is debited or credited.
Which HDFC Bank rate applies when I receive money from abroad?
The TT buying rate applies when HDFC Bank converts money you receive from abroad into rupees. The TT selling, bill, card and cash rates on the same sheet are for other transaction types.
Why is HDFC Bank's rate different from the USD to INR rate on Google?
