SBI Forex Rate & Inward Remittance Charges Today (2026): TT Buying, TT Selling, Card Rate, FIRC and GST
SBI's USD to INR TT buying rate today is ₹96.35, and its TT selling rate is ₹97.20.
All rates on this page are taken from the Forex Card Rates sheet SBI published on 8 October 2026 at 09:13 AM, and are refreshed here twice a day.
SBI 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 SBI's margin. SBI's published card rates are reference rates for transactions between ₹10 lakh and ₹20 lakh. For smaller payments SBI asks you to contact your branch, and above ₹20 lakh its forex handling branch.
SBI TT Buying Rate Today
SBI's TT buying rate for USD is ₹96.35 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 SBI account, and it sits 0.37% below mid-market.
| Currency | SBI TT buying rate (₹) | ₹ you get on 1,000 units |
|---|---|---|
| USD, US Dollar | 96.35 | 96,350 |
| EUR, Euro | 107.05 | 1,07,050 |
| GBP, British Pound | 126.39 | 1,26,390 |
| AED, UAE Dirham | 25.71 | 25,710 |
| AUD, Australian Dollar | 66.16 | 66,160 |
| CAD, Canadian Dollar | 67.06 | 67,060 |
| SGD, Singapore Dollar | 74.67 | 74,670 |
| SAR, Saudi Riyal | 24.53 | 24,530 |
| CHF, Swiss Franc | 114.26 | 1,14,260 |
| JPY, Japanese Yen (per 100 units) | 60.52 | 605 |
Rates from SBI's Forex Card Rates sheet, published 8 October 2026 at 09:13 AM. Source: SBI 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, SBI'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 ₹3,600 before any fee or GST.
- Where to see your actual rate: The rate SBI applied is on your credit advice or FIRA. To see the rate SBI actually applies, averaged from real customer FIRAs, check the SBI forex rate today tracker.
SBI TT Selling Rate Today
TT selling doesn't apply to money you receive; it's the rate for sending money abroad.
SBI's TT selling rate for USD is ₹97.20 today, 0.51% above the mid-market rate of ₹96.71. The TT selling rate applies when you send money abroad from your SBI account, such as an overseas supplier payment or tuition fee.
| Currency | SBI TT selling rate (₹) | ₹ to buy 1,000 units |
|---|---|---|
| USD, US Dollar | 97.20 | 97,200 |
| EUR, Euro | 109.75 | 1,09,750 |
| GBP, British Pound | 129.27 | 1,29,270 |
| AED, UAE Dirham | 27.01 | 27,010 |
| AUD, Australian Dollar | 68.49 | 68,490 |
| CAD, Canadian Dollar | 68.63 | 68,630 |
| SGD, Singapore Dollar | 76.53 | 76,530 |
| SAR, Saudi Riyal | 27.26 | 27,260 |
| CHF, Swiss Franc | 118.07 | 1,18,070 |
| JPY, Japanese Yen (per 100 units) | 61.83 | 618 |
Rates from SBI's Forex Card Rates sheet, published 8 October 2026 at 09:13 AM. Outward remittance fees, TCS and GST are charged separately.
For example, paying a $1,000 invoice abroad costs ₹97,200 at SBI's TT selling rate, against ₹96,710 at the mid-market rate, so ₹490 goes to the spread before fees.
SBI Forex Card Rates Today
SBI'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 | 96.35 | 107.05 | 126.39 | 25.71 |
| TT selling | 97.20 | 109.75 | 129.27 | 27.01 |
| Bill buying | 96.28 | 106.97 | 126.30 | 25.70 |
| Bill selling | 97.37 | 109.94 | 129.49 | 27.06 |
| Forex travel card buying | 96.28 | 106.97 | 126.30 | 25.70 |
| Forex travel card selling | 97.37 | 109.94 | 129.49 | 27.06 |
| Currency notes buying | 95.15 | 105.45 | 124.50 | 25.00 |
| Currency notes selling | 97.75 | 110.35 | 130.55 | 27.45 |
All rates in ₹ per unit, from the sheet published 8 October 2026 at 09:13 AM. Download SBI'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: SBI 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 | SBI 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 | ₹96.35 |
| TT selling rate | Bank sells you foreign currency for INR | Sending money abroad | ₹97.20 |
| Buy-sell spread | Gap between the two rates | Bank's total margin on a round trip | ₹0.8500 |
- 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.
What Are SBI Inward Remittance Charges?
For example, if you received $1,000 at SBI today and sent the same $1,000 back out, you'd get ₹96,350 in and pay ₹97,200 out. That ₹850 difference is SBI's spread on the round trip.
SBI inward remittance charges are the fees and conversion costs taken when money sent from abroad is credited to your State Bank of India account. An inward remittance is any payment that enters India from another country, and SBI recovers its cost through a per-remittance fee on export receipts, 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 SBI 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 SBI.
- 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 SBI Inward Remittance Charges
SBI inward remittance charges are made up of 5 components. SBI publishes its fees in a detailed forex schedule; the markup and intermediary deductions are built into the amount you receive.
- Receiving bank fee: Nil for personal remittances, and a flat fee per export remittance if you don't hold an SBI export credit limit.
- Forex markup: The gap between SBI'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 linked to the e-FIRC that proves foreign money entered India.
- GST: 18% tax on SBI's fees and on the currency conversion.
SBI charges nothing to credit a personal inward remittance and ₹500 plus GST per export remittance for customers without an SBI export credit limit. Its published TT buying rate is 0.37% below mid-market today, but that sheet only covers transactions of ₹10 lakh to ₹20 lakh; smaller payments are priced at the branch.
| Component | SBI charge (2026) | Shown upfront? |
|---|---|---|
| Receiving fee, personal remittance | Nil | Yes |
| Receiving fee, export remittance incl. advance payment | ₹500 per remittance (nil for export credit customers) | Yes |
| Exchange rate used | TT buying rate, ₹96.35 per USD today (₹10 lakh to ₹20 lakh) | Yes, for that band only |
| Mid-market rate | ₹96.71 per USD today | No, not on SBI's sheet |
| Forex markup | 0.37%, or ₹0.36 per USD, on the reference sheet | No, built into the rate |
| Rate below ₹10 lakh | Quoted by your branch | No |
| Intermediary or SWIFT charges | Usually $10 to $40 per payment under SHA or BEN | No, deducted in transit |
| e-FIRC | Nil to issue, ₹200 for usage | Yes |
| SOFTEX handling (up to $10,000) | ₹200 per form, ₹50 each if more than 10 in bulk | Yes |
| GST | 18% on fees, plus 18% on the conversion slab value | Rarely itemized |
Rates from SBI's Forex Card Rates sheet, published 8 October 2026 at 09:13 AM, refreshed twice a day. Fees from SBI's forex service charges, revised with effect from 1 May 2025. Source: SBI Forex Card Rates (PDF) · SBI Forex Transaction Related Service Charges
Each of the 5 components works differently at SBI. SBI's fixed fees are among the most detailed of any Indian bank, and its published rate comes with a size condition most people miss.
SBI Receiving Fee
SBI charges no fee to credit a personal inward remittance, and ₹500 plus GST per export remittance for customers who don't have an SBI export credit limit. Export credit customers pay nothing per remittance but pay an annual fee on their sanctioned limit instead.
| SBI charge | Export credit customer | Everyone else |
|---|---|---|
| Personal inward remittance (TT) | Nil | Nil |
| Export remittance, incl. advance payment | Nil | ₹500 per remittance |
| SOFTEX / small-value export handling (up to $10,000) | Nil | ₹200 per form, ₹50 each if more than 10 in bulk |
| No conversion (commission in lieu of exchange) | 0.10%, min ₹500, max ₹25,000 | 0.10%, min ₹500, max ₹25,000 |
| Payout in foreign currency by DD or TT | ₹1,000 per transaction | ₹1,000 per transaction |
| Duplicate credit advice or SWIFT message | ₹1,000 | ₹1,000 |
All amounts before 18% GST.
- Freelancers and service exporters: Your client payments count as export remittances, so the ₹500 fee applies unless you hold an SBI export credit limit.
- Discounts: SBI offers 10% to 30% off these card rates for MSMEs, Exporters' Gold Card holders, and accounts routing more than $100,000 a month in forex.
- Keeping foreign currency: If a remittance isn't converted to INR, SBI charges commission in lieu of exchange at 0.10%, with a ₹500 minimum.
For example, a freelancer receiving 2 client payments a month at SBI pays ₹590 each with GST, or ₹14,160 a year, before the exchange rate.
SBI Forex Markup on Inward Remittance
SBI's published TT buying rate for USD is ₹96.35 today against a mid-market rate of ₹96.71, a gap of 0.37%. That rate is a reference for transactions of ₹10 lakh to ₹20 lakh; payments below ₹10 lakh are priced by your branch, and the rate you get may be wider.
| USD to INR today | |
|---|---|
| Mid-market rate (the rate on Google) | ₹96.71 |
| SBI TT buying rate (₹10 lakh to ₹20 lakh) | ₹96.35 |
| Markup per dollar | ₹0.36 |
| Markup as % | 0.37% |
| Cost of the markup on $15,000 | ₹5,400 |
- Below ₹10 lakh: SBI's sheet tells you to contact your nearest branch. Most freelancer invoices fall here, so the published rate isn't a guarantee for them.
- Above ₹20 lakh: SBI asks you to contact its forex handling branch for a rate.
- Where to see your actual rate: The rate SBI applied is on your credit advice or e-FIRC.
Today's TT buying rates for 10 currencies are in the SBI TT Buying Rate Today section above.
To see the rate SBI actually applies, averaged from real customer FIRAs, check the SBI forex rate today tracker. Source: SBI Forex Card Rates (PDF)
For example, say your client pays $15,000, which falls inside SBI's ₹10 lakh to ₹20 lakh band. At the mid-market rate that's ₹14,50,650. At SBI's TT buying rate it's ₹14,45,250, so ₹5,400 goes to the markup before any fee or GST.
Intermediary or SWIFT Charges on SBI Inward Remittance
Intermediary or SWIFT charges on an SBI inward remittance are deducted by correspondent banks abroad before the money reaches SBI, typically $10 to $40 per payment. SBI recovers any correspondent charges at actuals, and whether you bear them depends on your client's charge code.
| Charge code | Who pays intermediary charges | What reaches SBI 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 SBI, so the payment passes through 1 or more correspondent banks, and each can take a fee.
- SBI's rule: SBI's schedule states that out-of-pocket costs, including foreign bank charges, are recovered at actuals on all forex transactions.
- No charge for incoming SWIFT messages: SBI charges ₹500 only for outward SWIFT messages, not for incoming ones or tracers.
- 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 ₹7,708 at today's rate, before SBI converts a single dollar.
SBI FIRC and BIRC Charges
SBI issues e-FIRCs for export proceeds at no charge, and charges ₹200 plus GST for their usage. e-BRCs are free, and other export certificates or attestations cost ₹1,000, with the same fee for duplicates.
| Document | What it proves | Who needs it | SBI charge (non-export credit customers) |
|---|---|---|---|
| e-FIRC | Export payment received, linked to EDPMS | Freelancers and service exporters | Nil to issue, ₹200 for usage |
| e-BRC | Export proceeds realised | Goods and service exporters | Nil |
| Other certificates or attestations | Any other export or import proof | As required | ₹1,000 |
| Duplicate credit advice | Replacement copy | Anyone who lost the original | ₹1,000 |
All amounts before 18% GST. Export credit customers pay nil for all of these.
- 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: SBI 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 who uses 36 e-FIRCs a year pays ₹8,496 at ₹236 each.
GST on SBI Inward Remittance
SBI charges 18% GST in 2 places on an inward remittance: on its fees, such as the ₹500 export remittance 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: The ₹500 export remittance charge becomes ₹590, and ₹200 e-FIRC usage becomes ₹236.
- GST on conversion: Charged every time foreign currency becomes INR, even on personal remittances where SBI 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 $15,000 payment converted at SBI's TT buying rate of ₹96.35 gives ₹14,45,250. The taxable value is ₹5,945 (₹5,500 + 0.1% of the amount above ₹10 lakh), so GST on the conversion is ₹1,070.
Source: SBI Forex Transaction Related Service Charges
Why Is Skydo Better Than SBI for Receiving International Payments?
Skydo is better than SBI for receiving international payments because it gives you the mid-market rate on every payment size, charges 1 flat fee, and issues a FIRA free with every payment. SBI's published rate is competitive, but only between ₹10 lakh and ₹20 lakh; on a $15,000 export payment inside that band, you still keep about ₹4,088 more with Skydo.
| SBI wire | Skydo | |
|---|---|---|
| Exchange rate | TT buying rate, ₹96.35, only for ₹10 lakh to ₹20 lakh | Mid-market rate, ₹96.71, zero markup at any size |
| Rate for payments under ₹10 lakh | Quoted by branch, not published | Same mid-market rate |
| Fee on $15,000 | ₹500 + ₹90 GST export remittance charge | 0.3% ($45) + 18% GST on the fee |
| Intermediary or SWIFT charges | $20 (SHA, assumed) | None, your client pays into a local account |
| e-FIRC / FIRA | ₹236 for usage | Free and instant with every payment |
| GST | ₹1,070 on the conversion | ₹783 on the $45 fee |
| Settlement time | 2 to 5 working days | Under 24 hours |
| You receive on $15,000 | ₹14,41,427 | ₹14,45,515 |
- Mid-market rate at every size: Most freelancer invoices fall below ₹10 lakh, where SBI doesn't publish a rate. Skydo's rate is the same on $500 as on $50,000.
- Flat pricing: $19 on payments under $2,000, $29 from $2,001 to $10,000, and 0.3% above $10,000.
- No per-remittance fee: SBI charges ₹590 with GST on each export remittance unless you hold an export credit limit.
- 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 · SBI vs Skydo rate comparison
If your current account and trade finance are with SBI, 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 SBI TT buying rate today?
SBI's TT buying rate for USD is ₹96.35 on the sheet published 8 October 2026 at 09:13 AM. It's the rate SBI uses when money from abroad is credited to your account.
What is the SBI TT selling rate today?
SBI's TT selling rate for USD is ₹97.20 on the sheet published 8 October 2026 at 09:13 AM. It's the rate SBI uses when you send money abroad.
Where can I find SBI's Forex Card Rates today?
SBI 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 SBI rate applies when I receive money from abroad?
The TT buying rate applies when SBI 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 SBI's rate different from the USD to INR rate on Google?
Google shows the mid-market rate. SBI's TT buying rate sits 0.37% below it today and its TT selling rate 0.51% above it, and those gaps are SBI's margin on the conversion.
