ICICI Bank Forex Rate & Inward Remittance Charges Today (2026): TT Buying, TT Selling, Card Rate, FIRC and GST
ICICI Bank's USD to INR TT buying rate today is ₹95.05, and its TT selling rate is ₹98.08.
All rates on this page are taken from the Forex Card Rates sheet ICICI Bank published on 8 October 2026 at 09:11 AM, and are refreshed here twice a day.
ICICI 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 ICICI Bank's margin. ICICI's card rates apply to forex transactions up to USD 25,000 or equivalent. Above that, ICICI asks you to contact your forex branch or RM for a preferential rate.
ICICI Bank TT Buying Rate Today
ICICI Bank's TT buying rate for USD is ₹95.05 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 ICICI Bank account, and it sits 1.72% below mid-market.
| Currency | ICICI Bank TT buying rate (₹) | ₹ you get on 1,000 units |
|---|---|---|
| USD, US Dollar | 95.05 | 95,050 |
| EUR, Euro | 105.77 | 1,05,770 |
| GBP, British Pound | 124.47 | 1,24,470 |
| AED, UAE Dirham | 25.49 | 25,490 |
| AUD, Australian Dollar | 65.65 | 65,650 |
| CAD, Canadian Dollar | 65.99 | 65,990 |
| SGD, Singapore Dollar | 74.16 | 74,160 |
| SAR, Saudi Riyal | 24.97 | 24,970 |
| CHF, Swiss Franc | 113.27 | 1,13,270 |
| JPY, Japanese Yen (per 100 units) | 59.44 | 594 |
Rates from ICICI Bank's Forex Card Rates sheet, published 8 October 2026 at 09:11 AM. Source: ICICI 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, ICICI 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 ₹16,600 before any fee or GST.
- Where to see your actual rate: The rate ICICI Bank applied is on your credit advice or FIRA. To see the rate ICICI Bank actually applies, averaged from real customer FIRAs, check the ICICI Bank forex rate today tracker.
ICICI Bank TT Selling Rate Today
TT selling doesn't apply to money you receive; it's the rate for sending money abroad.
ICICI Bank's TT selling rate for USD is ₹98.08 today, 1.42% above the mid-market rate of ₹96.71. The TT selling rate applies when you send money abroad from your ICICI Bank account, such as an overseas supplier payment or tuition fee.
| Currency | ICICI Bank TT selling rate (₹) | ₹ to buy 1,000 units |
|---|---|---|
| USD, US Dollar | 98.08 | 98,080 |
| EUR, Euro | 110.64 | 1,10,640 |
| GBP, British Pound | 131.10 | 1,31,100 |
| AED, UAE Dirham | 27.15 | 27,150 |
| AUD, Australian Dollar | 69.65 | 69,650 |
| CAD, Canadian Dollar | 69.69 | 69,690 |
| SGD, Singapore Dollar | 76.92 | 76,920 |
| SAR, Saudi Riyal | 26.56 | 26,560 |
| CHF, Swiss Franc | 118.89 | 1,18,890 |
| JPY, Japanese Yen (per 100 units) | 62.99 | 630 |
Rates from ICICI Bank's Forex Card Rates sheet, published 8 October 2026 at 09:11 AM. Outward remittance fees, TCS and GST are charged separately.
For example, paying a $1,000 invoice abroad costs ₹98,080 at ICICI Bank's TT selling rate, against ₹96,710 at the mid-market rate, so ₹1,370 goes to the spread before fees.
ICICI Bank Forex Card Rates Today
ICICI 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 | 95.05 | 105.77 | 124.47 | 25.49 |
| Bills buying | 95.05 | 105.77 | 124.47 | 25.49 |
| Currency notes buying | 94.71 | 105.28 | 124.59 | 25.39 |
| Forex prepaid card buying | 94.52 | 105.77 | 124.72 | 25.28 |
| TT selling | 98.08 | 110.64 | 131.10 | 27.15 |
| Bills selling | 98.08 | 110.64 | 131.10 | 27.15 |
| Currency notes selling | 98.66 | 111.34 | 130.85 | 27.26 |
| Forex prepaid card selling | 98.57 | 110.64 | 130.27 | 27.35 |
All rates in ₹ per unit, from the sheet published 8 October 2026 at 09:11 AM. Download ICICI 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: ICICI 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 | ICICI 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 | ₹95.05 |
| TT selling rate | Bank sells you foreign currency for INR | Sending money abroad | ₹98.08 |
| Buy-sell spread | Gap between the two rates | Bank's total margin on a round trip | ₹3.03 |
- 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 ICICI Bank today and sent the same $1,000 back out, you'd get ₹95,050 in and pay ₹98,080 out. That ₹3,030 difference is ICICI Bank's spread on the round trip.
What Are ICICI Bank Inward Remittance Charges?
ICICI Bank inward remittance charges are the fees and conversion costs taken when money sent from abroad is credited to your ICICI Bank account. An inward remittance is any payment that enters India from another country, and ICICI recovers its cost through an account-based handling 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 ICICI 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 ICICI. ICICI's own wire instructions ask you to request OUR from your overseas client.
- 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 ICICI Bank Inward Remittance Charges
ICICI Bank inward remittance charges are made up of 5 components. ICICI sets its receiving fee by account type rather than publishing one rate; the markup and intermediary deductions are built into the amount you receive.
- Receiving bank fee: The handling charge ICICI takes to credit the incoming wire, set by your account variant.
- Forex markup: The gap between ICICI'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. ICICI issues a BIRC for export proceeds.
- GST: 18% tax on ICICI's fees and on the currency conversion.
ICICI Bank Inward Remittance Charges at a Glance
ICICI Bank sets its inward remittance fee by account type, issues a BIRC for export proceeds, and charges 18% GST on the conversion. The biggest cost is the forex markup, 1.72% today, which is about ₹16,600 on a $10,000 payment.
| Component | ICICI Bank charge (2026) | Shown upfront? |
|---|---|---|
| Receiving fee, savings or current account | As per account variant, not published as a single fee | Ask your branch or RM |
| Exchange rate used | TT buying rate, ₹95.05 per USD today | Yes, on ICICI's card rate sheet |
| Mid-market rate | ₹96.71 per USD today | No, not on ICICI's sheet |
| Forex markup | 1.72%, or ₹1.66 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 | BIRC for export proceeds, FIRC only for FDI; fee as per account | Ask your branch or RM |
| GST | 18% on fees, plus 18% on the conversion slab value | Rarely itemized |
Rates from ICICI Bank's Forex Card Rates sheet, published 8 October 2026 at 09:11 AM, refreshed twice a day. Source: ICICI Bank Forex Card Rates · ICICI Bank trade remittances
ICICI Bank Inward Remittance Charges Explained
Each of the 5 components works differently at ICICI Bank. The fixed fees depend on your account, while the markup moves with the market and applies to every payment.
ICICI Bank Receiving Fee
ICICI Bank doesn't publish a single receiving fee for inward remittances on its public pages. The handling charge is set by your account variant and customer segment, so 2 ICICI customers can pay different fees on the same payment.
- Savings accounts: Personal remittances are generally credited with little or no handling fee, depending on the account.
- Current accounts and export receipts: Freelancers and exporters receive into a current account after submitting purpose documents. The fee sits in your account's schedule of charges, so ask your RM for it in writing.
- Credit timeline: ICICI says trade inward remittances are credited within 1 hour of receiving your disposal instruction and documents, subject to checks.
- What to check: Your credit advice shows any handling charge ICICI deducted, along with the rate applied.
For example, if you receive 1 export payment a month, ask ICICI for its per-remittance fee and multiply by 12. That's your yearly fixed cost before the markup.
ICICI Bank Forex Markup on Inward Remittance
ICICI Bank converts inward remittances at its TT buying rate, which for USD is ₹95.05 today against a mid-market rate of ₹96.71. The gap of 1.72% is ICICI'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 |
| ICICI Bank TT buying rate | ₹95.05 |
| Markup per dollar | ₹1.66 |
| Markup as % | 1.72% |
| Cost of the markup on $10,000 | ₹16,600 |
ICICI's card rates are indicative and change with market volatility. The rate applied is the card rate prevailing when your account is credited, and it's shown on your credit advice or BIRC. The sheet covers transactions up to USD 25,000; above that, ICICI asks you to contact your forex branch or RM for a preferential rate.
Today's TT buying rates for 10 currencies are in the ICICI Bank TT Buying Rate Today section above.
To see the rate ICICI actually applies, averaged from real customer FIRAs, check the ICICI Bank forex rate today tracker. Source: ICICI Bank Forex Card Rates
For example, say your client pays $2,500. At the mid-market rate that's ₹2,41,775. At ICICI's TT buying rate it's ₹2,37,625, so ₹4,150 goes to the markup before any fee or GST.
Intermediary or SWIFT Charges on ICICI Bank Inward Remittance
Intermediary or SWIFT charges on an ICICI Bank inward remittance are deducted by correspondent banks abroad before the money reaches ICICI, typically $10 to $40 per payment. ICICI doesn't levy them, and whether you bear them depends on your client's charge code.
| Charge code | Who pays intermediary charges | What reaches ICICI 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 ICICI, so the payment passes through 1 or more correspondent banks, and each can take a fee.
- ICICI's own advice: ICICI's wire transfer instructions ask you to tell your overseas partner to use OUR in the charges field.
- Timing: ICICI says funds take 24 to 48 banking hours to reach its correspondent account after your client initiates the transfer.
- 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 ₹7,604 at today's rate, before ICICI converts a single dollar.
ICICI Bank FIRC and BIRC Charges
ICICI Bank issues a Bank Inward Remittance Certificate (BIRC) for export proceeds and reserves the FIRC for foreign direct and portfolio investment. The certificate fee isn't published as a single rate, so it follows your account's schedule of charges.
| Document | What it proves | Who needs it | ICICI Bank charge |
|---|---|---|---|
| FIRC (Foreign Inward Remittance Certificate) | Foreign investment entered India | FDI and FII receipts, on request | As per schedule |
| BIRC (Bank Inward Remittance Certificate) | Export or other remittance received | Freelancers and service exporters | As per account |
| Credit advice | Amount and rate credited | Everyone | Free with the credit |
- Why you need it: A BIRC 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 for it with every payment rather than in bulk at year end.
- Purpose code: ICICI credits export proceeds only after you submit documents stating the purpose of the remittance. For software and IT services, the RBI purpose code is usually P0802.
For example, a freelancer with 3 clients paying monthly needs 36 certificates a year, so even a small per-certificate fee adds up across invoices.
GST on ICICI Bank Inward Remittance
ICICI Bank charges 18% GST in 2 places on an inward remittance: on any fee it levies, and on the currency conversion itself. ICICI publishes the Rule 32 slab it uses for the conversion GST, which 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: Any handling or certificate fee ICICI charges carries 18% GST on top.
- GST on conversion: Charged every time foreign currency becomes INR. CGST and SGST or IGST apply based on the GST number or address registered with ICICI.
- 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 ICICI's TT buying rate of ₹95.05 gives ₹9,50,500. The taxable value is ₹5,253 (₹1,000 + 0.5% of the amount above ₹1 lakh), so GST on the conversion is ₹945.
Source: ICICI Bank GST rules on forex
Why Is Skydo Better Than ICICI Bank for Receiving International Payments?
Skydo is better than ICICI Bank for receiving international payments because it converts at the mid-market rate with zero markup, charges 1 flat fee you know upfront, and issues a FIRA free with every payment. On a $10,000 payment, you keep at least ₹16,135 more than with an ICICI Bank wire.
| ICICI Bank wire | Skydo | |
|---|---|---|
| Exchange rate | TT buying rate, ₹95.05 | Mid-market rate, ₹96.71, zero markup |
| Fee on $10,000 | As per account, not included below | $29 flat + 18% GST on the fee |
| Intermediary or SWIFT charges | $20 (SHA, assumed) | None, your client pays into a local account |
| FIRC / BIRC / FIRA | As per account, not included below | Free and instant with every payment |
| GST | ₹944 on the conversion | ₹505 on the $29 fee |
| Settlement time | 24 to 48 banking hours to reach ICICI, then credit after documents | Under 24 hours |
| You receive on $10,000 | ₹9,47,655 before ICICI's fees | ₹9,63,790 |
- Zero markup: Skydo converts at the mid-market rate you see on Google, so nothing is hidden in the rate.
- Known pricing: $19 on payments under $2,000, $29 from $2,001 to $10,000, and 0.3% above $10,000. You don't need to ask an RM what you'll pay.
- 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 · ICICI Bank vs Skydo rate comparison
If your current account and trade finance are with ICICI, 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 ICICI Bank TT buying rate today?
ICICI Bank's TT buying rate for USD is ₹95.05 on the sheet published 8 October 2026 at 09:11 AM. It's the rate ICICI Bank uses when money from abroad is credited to your account.
What is the ICICI Bank TT selling rate today?
ICICI Bank's TT selling rate for USD is ₹98.08 on the sheet published 8 October 2026 at 09:11 AM. It's the rate ICICI Bank uses when you send money abroad.
Where can I find ICICI Bank's Forex Card Rates today?
ICICI Bank publishes its 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 ICICI Bank rate applies when I receive money from abroad?
The TT buying rate applies when ICICI 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 ICICI Bank's rate different from the USD to INR rate on Google?
