Central Bank of India Forex Rates: TT Rate & Charges

Central Bank of India's USD to INR rate today is ₹95.37 for money coming in.

• TT buying rate: ₹95.37. What you receive on an inward transfer.
• TT selling rate: ₹96.17. What you pay to send money out.

From the sheet Central Bank of India published on 22 September 2026, and refreshed here twice a day. The major currencies are in the table below; Central Bank of India publishes 9 in total on its own sheet.

Central Bank of India's USD TT buying rate today is ₹95.37, with the major currencies in the table below.

These figures come from the sheet Central Bank of India published on 22 September 2026. The bank revises it during the day, so these are the morning quote and the settlement rate may differ.

If you are receiving money from abroad, the column you want is TT Buying.

This sheet covers transactions up to USD 10,000 equivalent. Above that, rates are set by the bank.

Source: Central Bank of India Card Rate (PDF), published by Central Bank of India itself. Rates are indicative and subject to change with market movements. The rate that applies is the one prevailing when your account is credited.

Central Bank of India's USD TT buying rate is 95.37 on the sheet dated 22 September 2026, up 0.07 (0.07%) from 95.30 on 25 August 2026. Banks publish these sheets on working days only, so there are no weekend rows. A date missing from the list is one where no sheet was recorded.

Each row is the rate Central Bank of India itself published that day, recorded when we read the sheet.

Central Bank of India's TT (telegraphic transfer) buying rate for USD is ₹95.37 on the sheet published 22 September 2026.

This is the number that determines an exporter's payout. When a client abroad wires you dollars, Central Bank of India buys those dollars from you and credits rupees at the TT buying rate.

You will also see this written as TTBR, which is simply short for TT buying rate. Some sheets and screens use the abbreviation on its own.

On a USD 10,000 invoice that is ₹9,53,700 before GST and any certificate fee.

Against the mid-market rate, the gap looks like this:

• Mid-market reference: ₹95.81
• Central Bank of India TT buying: ₹95.37
• Gap: 0.46%, or about ₹4,400 on a USD 10,000 invoice

That gap is the bank's margin, and it applies to every transfer settled at card rates. The reference above is the exchangerate-api daily reference rate of ₹95.81 on 24 September 2026. That is a daily reference rate rather than an intraday close, while the bank revises its own sheet through the day. Treat the percentage as close, not exact.

Central Bank of India's TT selling rate for USD is ₹96.17 as of the same sheet.

This is the rate you pay when Central Bank of India sells you foreign currency, so it applies to outward remittances such as paying an overseas supplier or sending money abroad under the Liberalised Remittance Scheme (LRS). Xflow handles inbound export earnings only, so outward remittance sits outside what we cover; the rate is here because the bank publishes it on the same sheet.

The spread between the two TT rates is ₹0.80 per dollar, or 0.8% of the buying rate. Buy and sell the same dollar on the same day and that spread is what the bank keeps.

If the dollar is the only currency you deal in, this is the whole sheet in four rows. Which rate applies depends on what you are doing, not on which one you saw first.

Published 22 September 2026. Central Bank of India revises intraday, so re-check the sheet before you rely on a figure for accounting.

Those are the numbers. What follows is where the margin inside them comes from, and what it costs on a real invoice.

Central Bank of India publishes its own "rate sheet", and that document is the authority on the rate you will be given, not any figure quoted elsewhere. It is a PDF you can download and keep.

Open it here: Central Bank of India Card Rate. The bank replaces it each working day, so the link always resolves to the current sheet, and the copy the figures above come from is dated 22 September 2026.

Check the date printed inside the file before you use it. A saved copy keeps its old numbers, and a bank sheet from last week is a different rate, not a rounding difference.

A "forex rate" is the price of one currency in another at a given moment. Banks quote it against the interbank rate, the wholesale price at which large institutions trade, then add a margin before passing it to you.

CBI publishes several rates because each transaction type carries a different margin. If you want the plain-English version of how these numbers are built, start with forex rates.

The rates CBI shows are indicative. The rate that actually applies is the one prevailing when your account is debited or credited, so a morning figure can shift by the time your transfer settles.

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. CBI uses two TT rates, plus bill rates for cheques and documents.

• TT buying rate: the rate at which CBI buys foreign currency from you and pays out rupees. This applies when you receive an inward remittance, and to export bills and certain deposit conversions.
• TT selling rate: the rate at which CBI sells you foreign currency, used when you send money out.
• Bill rates: used for foreign cheques and trade documents, slightly wider than the TT rates.

For anyone receiving export income, the TT buying rate is the number that matters. A telegraphic transfer is the default rail behind most bank-to-bank inward payments. Here is an illustrative snapshot (as of July 2026).

The mid-market rate that day is around ₹89.40, so every CBI rate sits a margin away from it.

The exchange-rate margin is the largest cost, but not the only one. As of July 2026, the fees an exporter or freelancer is likely to meet are set out below.

A transfer needs the bank's routing code as well as its rate. Our directory lists every Central Bank of India SWIFT code by branch.

Receiving money still carries a commission plus the rate margin, so the "free credit" impression is not quite accurate. GST at 18% applies, and any foreign-bank, courier, or SWIFT fees are billed on top.

Banks revise these schedules periodically, so verify the current numbers on CBI's own forex page before you rely on a figure.

This comes up often, so it is worth answering directly. CBI focuses on traditional forex services, that is, remittances, foreign currency cash, and trade finance. It does not offer a dedicated prepaid forex travel card in the way ICICI, SBI, or Axis do.

For carrying money abroad, CBI sells foreign currency notes, with a Currency Declaration Form required above USD 5,000. If you specifically want a prepaid travel card for overseas spending, you would look to another provider.

None of this affects the point that matters for exporters: when you receive money, it is the TT buying rate on the inward remittance that decides your payout, not a card rate.

The rate is only part of the bill. If money comes in from abroad every month, four other things cost you money or time. None of them are on Central Bank of India's rate sheet.

To be fair: this does not beat your bank at everything. If your current account, overdraft and trade limits are all with Central Bank of India, keeping everything in one place may matter more than any row above. This adds up when money comes in from abroad a few times a month, every month.

Every foreign-exchange conversion in India attracts 18% GST. It is charged on a "value of supply" the RBI defines in slabs (in force since 1 July 2017), not on your full transfer amount, so it stays modest even on large sums.

The takeaway is simple. GST is a known, capped, and comparatively small cost. The exchange-rate margin is the variable you can actually influence.

Search "USD to INR" and you see the mid-market rate, the midpoint between global buy and sell prices. That is the fair reference rate, and no bank pays it out in full. The difference comes from three layers.

Spread

CBI applies a margin between the interbank rate and the rate it gives you, generally around 1% to 3% below mid-market on inward transfers, though it varies by day, currency, and relationship. This is the foreign exchange markup, rarely shown as a line item.

Correspondent deductions

Inward wires can pass through an intermediary bank that takes its own cut before the money reaches CBI, so the credited amount can be smaller than the sender’s figure.

Market volatility

The rate moves through the day. Because your transfer settles at the prevailing rate, not the quoted one, timing changes the outcome.

The cleanest way to see the true price is to compare the applied rate against the live mid-market rate on the same day.

To see how far the sheet sits from the live market, check the current USD to INR rate and compare it with the TT buying figure above.

Say a client sends you USD 10,000 for a completed project. On the sheet Central Bank of India published on 22 September 2026, its TT buying rate was ₹95.37. The mid-market reference that day was ₹95.81.

• At the mid-market rate: 10,000 × 95.81 = ₹9,58,100
• At Central Bank of India's TT buying rate: 10,000 × 95.37 = ₹9,53,700
• Difference from the rate margin alone: ₹4,400, before GST and any certificate fee.

That ₹4,400 is the spread, not a fee you agreed to, and it recurs on every transfer settled at card rates.

One note on the reference: it is a daily rate, so the exact gap on your own transfer is the one on your credit advice.

A platform fee works differently. On the same invoice, Xflow's Growth plan charges 0.4% of the transfer value, about $40, with no markup on the mid-market rate, so the cost sits in a visible fee instead of inside the rate. Both that fee and the bank figures above are before GST, which applies either way.

There are three reliable ways to find the rate, in order of accuracy.

• CBI’s forex rate sheet on its website, revised on working days. It lists TT and bill rates per currency.
• Your account credit advice or FIRA, which records the exact rate applied to your specific transfer. This is the only rate that is truly yours.
• The branch or relationship manager, useful if you are negotiating on higher volumes.

A quoted morning rate is only a guide. The rate that lands is the one live at the moment of credit, which is why the FIRA figure and the morning quote rarely match to the paisa. For compliance, the FIRA is the document that proves both the inward remittance and the rate applied.

Xflow is a cross-border payments platform built for Indian businesses and freelancers receiving money from abroad. The core difference is the reference rate.

CBI marks up a hidden interbank rate and adds a commission to receive. Xflow converts at the live mid-market rate and charges a transparent, visible fee, so you can see exactly what conversion costs. Its published pricing, as of July 2026, is below.

Take the same USD 10,000 invoice on the Growth plan. The fee is 0.4%, about USD 40 (roughly ₹3,576 at ₹89.40), and the conversion happens at the mid-market rate rather than a marked-down one.

You keep close to the mid-market payout minus a fee you can see, instead of losing the spread you never agreed to. The gap between the two approaches widens as volumes rise. Settlement is next business day (T+1), and each payment comes with an auto-issued eFIRA.

A few honest caveats belong here. If you already hold accounts, overdraft lines, and trade facilities with CBI, consolidating can matter more than a few paise on rate.

For one-off or very small transfers, a flat fee can outweigh the rate saving. Run your own numbers on a typical invoice first, and read how to reduce international payment fees to see where the real leakage sits. For regular mid-to-large export receipts, the platform is used for cross-border payments for service exporters.

This is the fear that stops most exporters from switching, and it is worth addressing head-on. Receiving through a regulated platform does not break your regulatory trail.

Xflow holds final RBI Payment Aggregator – Cross Border (PA-CB) authorisation for both exports and imports (as of February 2026), works with AD-1 banks, and auto-issues an eFIRA for each payment.

Your purpose codes, GST refund workflow, and downstream reporting continue as before, and the bank FIRC route remains available. Compliance stays intact; the paperwork simply becomes less manual.

Central Bank of India publishes its rate sheet every working day and revises it intraday. On 22 September 2026 its USD TT buying rate was ₹95.37, about 0.46% below a daily mid-market reference rate of ₹95.81.

If you receive export income, the TT buying rate is the one that applies to you. Check it on the sheet, then check your Foreign Inward Remittance Advice (FIRA) to see what rate actually applied.

We read the published rate sheet at every major Indian bank. Each page below is refreshed from that bank's own sheet on the same schedule as this one.

Public sector banks

• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• IDBI Bank
• Indian Bank
• Indian Overseas Bank
• Punjab National Bank
• State Bank of India
• UCO Bank
• Union Bank of India

Private sector banks

• Axis Bank
• Bandhan Bank
• City Union Bank
• DCB Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDFC FIRST Bank
• IndusInd Bank
• Karnataka Bank
• Karur Vysya Bank
• Kotak Mahindra Bank
• RBL Bank
• South Indian Bank
• Yes Bank

Foreign and international banks

• Bank of America
• Barclays Bank
• Citibank
• DBS Bank India
• Deutsche Bank
• HSBC India
• SBM Bank India
• Standard Chartered