PNB Forex Rate & Inward Remittance Charges Today (2026): TT Buying, TT Selling, Card Rate, FIRC and GST
PNB's USD to INR TT buying rate today is ₹96.49, and its TT selling rate is ₹97.19.
All rates on this page are taken from the Card Rate sheet PNB published on 8 October 2026 at 04:00 PM, and are refreshed here twice a day.
PNB 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 PNB's margin. PNB's treasury marks its card rates as provisional and subject to confirmation at the time of reporting, and deals above ₹10 lakh are reported to its Mumbai treasury before 4:30 PM.
PNB TT Buying Rate Today
PNB's TT buying rate for USD is ₹96.49 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 PNB account, and it sits 0.23% below mid-market.
| Currency | PNB TT buying rate (₹) | ₹ you get on 1,000 units |
|---|---|---|
| USD, US Dollar | 96.49 | 96,490 |
| EUR, Euro | 107.61 | 1,07,610 |
| GBP, British Pound | 127.14 | 1,27,140 |
| AED, UAE Dirham | 26.15 | 26,150 |
| AUD, Australian Dollar | 66.80 | 66,800 |
| CAD, Canadian Dollar | 67.39 | 67,390 |
| SGD, Singapore Dollar | 74.92 | 74,920 |
| NZD, New Zealand Dollar | 53.72 | 53,720 |
| CHF, Swiss Franc | 115.28 | 1,15,280 |
| JPY, Japanese Yen (per 100 units) | 60.88 | 609 |
Rates from PNB's Card Rate sheet, published 8 October 2026 at 04:00 PM. Source: PNB Card Rate
- 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, PNB'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 ₹2,200 before any fee or GST.
- Where to see your actual rate: The rate PNB applied is on your credit advice or FIRA. To see the rate PNB actually applies, averaged from real customer FIRAs, check the PNB forex rate today tracker.
PNB TT Selling Rate Today
TT selling doesn't apply to money you receive; it's the rate for sending money abroad.
PNB's TT selling rate for USD is ₹97.19 today, 0.50% above the mid-market rate of ₹96.71. The TT selling rate applies when you send money abroad from your PNB account, such as an overseas supplier payment or tuition fee.
| Currency | PNB TT selling rate (₹) | ₹ to buy 1,000 units |
|---|---|---|
| USD, US Dollar | 97.19 | 97,190 |
| EUR, Euro | 108.89 | 1,08,890 |
| GBP, British Pound | 128.39 | 1,28,390 |
| AED, UAE Dirham | 26.61 | 26,610 |
| AUD, Australian Dollar | 67.83 | 67,830 |
| CAD, Canadian Dollar | 68.40 | 68,400 |
| SGD, Singapore Dollar | 76.19 | 76,190 |
| NZD, New Zealand Dollar | 54.58 | 54,580 |
| CHF, Swiss Franc | 117.09 | 1,17,090 |
| JPY, Japanese Yen (per 100 units) | 61.64 | 616 |
Rates from PNB's Card Rate sheet, published 8 October 2026 at 04:00 PM. Outward remittance fees, TCS and GST are charged separately.
For example, paying a $1,000 invoice abroad costs ₹97,190 at PNB's TT selling rate, against ₹96,710 at the mid-market rate, so ₹480 goes to the spread before fees.
PNB Treasury Card Rates Today
PNB's Card Rate 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 | 96.49 | 107.61 | 127.14 | 26.15 |
| TT selling | 97.19 | 108.89 | 128.39 | 26.61 |
| Travel card / TC buying | 95.93 | 106.85 | 126.30 | 26.14 |
| Travel card / TC selling | 97.76 | 109.93 | 129.39 | 26.65 |
| Bill buying | 96.43 | 107.51 | 127.07 | 26.13 |
| Bill selling | 97.35 | 109.09 | 128.57 | 26.66 |
All rates in ₹ per unit, from the sheet published 8 October 2026 at 04:00 PM. Download PNB's Card Rate
- 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: PNB 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 | PNB 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 | ₹96.49 |
| TT selling rate | Bank sells you foreign currency for INR | Sending money abroad | ₹97.19 |
| Buy-sell spread | Gap between the two rates | Bank's total margin on a round trip | ₹0.7000 |
- 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 PNB today and sent the same $1,000 back out, you'd get ₹96,490 in and pay ₹97,190 out. That ₹700 difference is PNB's spread on the round trip.
What Are PNB Inward Remittance Charges?
PNB inward remittance charges are the fees and conversion costs taken when money sent from abroad is credited to your Punjab National Bank account. An inward remittance is any payment that enters India from another country, and PNB recovers its cost through a flat fee on each remittance, 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 PNB 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 PNB.
- 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 PNB Inward Remittance Charges
PNB inward remittance charges are made up of 5 components. PNB publishes its fees and card rates; the markup and intermediary deductions are built into the amount you receive.
- Receiving bank fee: A flat fee on each inward remittance, based on its INR value and whether it's an export receipt.
- Forex markup: The gap between PNB'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 an e-FIRC or certificate proving that foreign money entered India.
- GST: 18% tax on PNB's fees and on the currency conversion.
PNB Inward Remittance Charges at a Glance
PNB charges ₹100 plus GST on personal inward remittances up to ₹10 lakh, ₹250 above that, and ₹500 on export receipts, with ₹500 for each e-FIRC. Its published markup is thin, 0.23% today, so on PNB the fixed fees make up most of the cost.
| Component | PNB charge (2026) | Shown upfront? |
|---|---|---|
| Receiving fee, personal remittance up to ₹10 lakh | ₹100 + GST | Yes |
| Receiving fee, personal remittance above ₹10 lakh | ₹250 + GST | Yes |
| Receiving fee, credit to NRE, NRO, FCNR or FCRA account | No commission | Yes |
| Receiving fee, export receipts (advance or per bill up to $25,000) | ₹500 + GST | Yes |
| Exchange rate used | TT buying rate, ₹96.49 per USD today | Yes, on PNB's card rate sheet |
| Mid-market rate | ₹96.71 per USD today | No, not on PNB's sheet |
| Forex markup | 0.23%, or ₹0.22 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 |
| e-FIRC | ₹500 + GST per certificate | Yes |
| GST | 18% on fees, plus 18% on the conversion slab value | Rarely itemized |
Rates from PNB's Card Rate sheet, dated 8 October 2026 at 04:00 PM, refreshed twice a day. Source: PNB Card Rate · PNB Forex Service Charges
PNB Inward Remittance Charges Explained
Each of the 5 components works differently at PNB. PNB's rate sits close to the market, while its certificate and export fees are among the highest of the major banks.
PNB Receiving Fee
PNB charges a flat ₹100 plus GST on personal inward remittances up to ₹10 lakh and ₹250 above that, and ₹500 on export receipts. Credits to NRE, NRO, FCNR and FCRA accounts carry no commission.
| PNB charge | Amount (before GST) |
|---|---|
| Inward remittance up to ₹10 lakh | ₹100 flat |
| Inward remittance above ₹10 lakh | ₹250 flat |
| Credit to NRE, NRO, FCNR or FCRA account | No commission |
| Credit to EEFC account | ₹500 flat |
| Export advance receipt | ₹500 flat |
| Export bill up to $25,000 | ₹500 per bill |
| Export bill above $25,000 | ₹1,000 per bill |
| Payout in foreign currency (DD or TT) | 0.10%, min ₹500, max ₹5,000 + SWIFT |
- Freelancers and service exporters: PNB's export charges cover service and software exports, so client payments usually attract ₹500 each rather than ₹100.
- More than 5 shipping bills: PNB adds ₹100 per shipping bill beyond the first 5 on an export bill.
- Out-of-pocket costs: PNB recovers correspondent bank, SWIFT, postage and courier charges at actuals on all forex transactions.
- Keeping foreign currency: Crediting a remittance to an EEFC account costs ₹500 flat.
For example, a freelancer receiving 2 client payments a month at PNB pays ₹590 each with GST, or ₹14,160 a year, before the exchange rate.
PNB Forex Markup on Inward Remittance
PNB's TT buying rate for USD is ₹96.49 on its latest sheet against a mid-market rate of ₹96.71, a gap of just 0.23%. PNB marks these card rates as provisional and subject to confirmation, so the rate on your credit advice may differ.
| USD to INR today | |
|---|---|
| Mid-market rate (the rate on Google) | ₹96.71 |
| PNB TT buying rate | ₹96.49 |
| Markup per dollar | ₹0.22 |
| Markup as % | 0.23% |
| Cost of the markup on $10,000 | ₹2,200 |
- Provisional rates: PNB's treasury sheet states its rates are provisional and confirmed at the time of reporting. Transactions above ₹10 lakh are reported to its Mumbai treasury before 4:30 PM.
- Where to see your actual rate: The rate PNB applied is on your credit advice or e-FIRC. Compare it with the mid-market rate at the same time.
Today's TT buying rates for 10 currencies are in the PNB TT Buying Rate Today section above.
To see the rate PNB actually applies, averaged from real customer FIRAs, check the PNB forex rate today tracker. Source: PNB Card Rate
For example, say your client pays $2,500. At the mid-market rate that's ₹2,41,775. At PNB's TT buying rate it's ₹2,41,225, so ₹550 goes to the markup before any fee or GST.
Intermediary or SWIFT Charges on PNB Inward Remittance
Intermediary or SWIFT charges on a PNB inward remittance are deducted by correspondent banks abroad before the money reaches PNB, typically $10 to $40 per payment. PNB recovers correspondent charges at actuals, and whether you bear them depends on your client's charge code.
| Charge code | Who pays intermediary charges | What reaches PNB 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 PNB, so the payment passes through 1 or more correspondent banks, and each can take a fee.
- PNB's rule: PNB's schedule states that correspondent bank charges and out-of-pocket expenses are recovered from customers at actuals on all forex transactions.
- Why it matters more at PNB: With a markup this thin, a $20 intermediary deduction can cost more than the rate spread on a mid-size payment.
- 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 ₹7,719 at today's rate, before PNB converts a single dollar.
PNB FIRC and BIRC Charges
PNB charges ₹500 plus GST, ₹590 in total, for each e-FIRC, and ₹250 for a certificate on security paper or bank letterhead. That's more than double what HDFC Bank, SBI and Axis Bank charge for the same document.
| Document | What it proves | Who needs it | PNB charge |
|---|---|---|---|
| e-FIRC | Export payment received, linked to EDPMS | Freelancers and service exporters | ₹500 flat |
| FIC on security paper or letterhead | Foreign money entered India | Where a physical certificate is needed | ₹250 per certificate |
| Other export certificate | Any other export proof | As required | ₹200 per certificate |
| Attestation of export documents, incl. invoices | Bank attestation | As required | ₹100 per document |
All amounts before 18% GST.
- Why you need it: An e-FIRC 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: PNB 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 e-FIRCs a year. At ₹590 each, that's ₹21,240.
GST on PNB Inward Remittance
PNB charges 18% GST in 2 places on an inward remittance: on its fees, such as the ₹500 e-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 ₹100 remittance fee becomes ₹118, and ₹500 export or e-FIRC charges become ₹590.
- GST on conversion: Charged every time foreign currency becomes INR, on top of the remittance 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 PNB's TT buying rate of ₹96.49 gives ₹9,64,900. The taxable value is ₹5,325 (₹1,000 + 0.5% of the amount above ₹1 lakh), so GST on the conversion is ₹958.
Source: PNB Forex Service Charges
Why Is Skydo Better Than PNB for Receiving International Payments?
Skydo is better than PNB for receiving international payments because it removes the per-remittance fee, the e-FIRC charge and the SWIFT deduction, and converts at the mid-market rate. PNB's published rate is close to the market, so the saving comes mostly from fees: about ₹2,957 more on a $10,000 export payment.
| PNB wire | Skydo | |
|---|---|---|
| Exchange rate | TT buying rate, ₹96.49, provisional | Mid-market rate, ₹96.71, zero markup |
| Fee on $10,000 | ₹500 + ₹90 GST export charge | $29 flat + 18% GST on the fee |
| Intermediary or SWIFT charges | $20 (SHA, assumed) | None, your client pays into a local account |
| e-FIRC / FIRA | ₹590 per certificate | Free and instant with every payment |
| GST | ₹957 on the conversion | ₹505 on the $29 fee |
| Settlement time | 2 to 5 working days | Under 24 hours |
| You receive on $10,000 | ₹9,60,833 | ₹9,63,790 |
- No per-remittance or certificate fees: PNB's ₹590 export charge and ₹590 e-FIRC add ₹1,180 to every export payment. 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.
- A rate you know upfront: PNB's card rates are provisional until confirmed. Skydo shows you the mid-market rate before you convert.
- Flat pricing: $19 on payments under $2,000, $29 from $2,001 to $10,000, and 0.3% above $10,000.
- 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 · PNB vs Skydo rate comparison
If your current account and trade finance are with PNB, 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 PNB TT buying rate today?
PNB's TT buying rate for USD is ₹96.49 on the sheet published 8 October 2026 at 04:00 PM. It's the rate PNB uses when money from abroad is credited to your account.
What is the PNB TT selling rate today?
Where can I find PNB's Card Rate today?
Which PNB rate applies when I receive money from abroad?
Why is PNB's rate different from the USD to INR rate on Google?
