Federal Bank's USD to INR rate today is ₹94.10 for money coming in.
- TT buying rate: ₹94.10. What you receive on an inward transfer.
- Card rate: ₹94.23. Forex card and cash.
- TT selling rate: ₹95.18. What you pay to send money out.
From the sheet Federal Bank published on 31 August 2026 at 9:00 AM, and refreshed here twice a day. The major currencies are in the table below; Federal Bank publishes 12 in total on its own sheet.
Federal Bank forex rates today
Federal Bank's USD TT buying rate today is ₹94.10, with the major currencies in the table below.
These figures come from the sheet Federal Bank published on 31 August 2026 at 9:00 AM. 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 as published. Above that, rates are set by the bank.
Source: Federal Bank Indicative Exchange Rates (PDF), published by Federal Bank itself. Rates are indicative and subject to change with market movements. The rate that applies is the one prevailing when your account is credited.
| Currency | TT Buying (inward) | TT Selling (outward) | Bills Buying | Card (cash out) |
|---|---|---|---|---|
| USD United States Dollar | 94.10 | 95.18 | 94.71 | 94.23 |
| EUR Euro | 109.06 | 110.47 | - | 109.26 |
| GBP Great Britain Pound | 127.42 | 129.04 | 128.27 | 127.62 |
| AED U.A.E. Dirham | 25.51 | 25.84 | - | 25.65 |
| AUD Australian Dollar | 67.44 | 68.07 | - | 67.58 |
| CAD Canadian Dollar | 67.46 | 68.23 | - | 67.82 |
| SGD Singapore Dollar | 73.61 | 74.43 | - | 73.96 |
| SAR Saudi Riyal | 24.95 | 25.26 | - | 25.08 |
| CHF Swiss Franc | 115.81 | 117.23 | - | 116.37 |
| JPY Japanese Yen | 0.5858 | 0.5926 | - | 0.5892 |
Federal Bank TT buying rate today
Federal Bank's TT (telegraphic transfer) buying rate for USD is ₹94.10 on the sheet published 31 August 2026 at 9:00 AM.
This is the number that determines an exporter's payout. When a client abroad wires you dollars, Federal Bank 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 ₹9,41,000 before GST and any certificate fee.
Against the mid-market rate, the gap looks like this:
- Mid-market reference: ₹94.55
- Federal Bank TT buying: ₹94.10
- Gap: 0.48%, or about ₹4,500 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 ₹94.55 on 7 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.
Federal Bank TT selling rate today
Federal Bank's TT selling rate for USD is ₹95.18 as of the same sheet.
This is the rate you pay when Federal Bank 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 ₹1.08 per dollar, or 1.1% of the buying rate. Buy and sell the same dollar on the same day and that spread is what the bank keeps.
Federal Bank rate sheet today
Federal Bank publishes these on the daily sheet it calls its "rate sheet". The card and currency-note columns each carry a different rate from the TT rate.
| Card and cash transaction | USD rate today |
|---|---|
| Cashing out from a forex card | 94.23 |
| Currency notes (bank selling cash to you) | 3.74 |
USD to INR at Federal Bank today
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 31 August 2026 at 9:00 AM. Federal Bank 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.
| What you are doing | Rate that applies | Federal Bank USD rate today |
|---|---|---|
| Money coming in from a client abroad | TT buying rate (TTBR) | ₹94.10 |
| Sending money abroad | TT selling rate | ₹95.18 |
| Getting paid early on an export bill | Bills buying rate | ₹94.71 |
See what the same transfer would pay you at Xflow
0% FX markup
Fee shown before you convert
25+ currencies
Download Federal Bank's rate sheet PDF
Federal Bank 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: Federal Bank Indicative Exchange Rates. The bank replaces it each working day, so the link always resolves to the current sheet, and the copy the figures above come from was published on 31 August 2026 at 9:00 AM.
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.
Understanding Federal Bank forex rates
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.
Federal Bank 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 Federal Bank 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.
What do TT buying, TT selling and card rates mean?
TT stands for telegraphic transfer, the electronic movement of money between banks across borders. Federal Bank uses two TT rates and a separate card rate.
- TT buying rate: the rate at which Federal Bank buys foreign currency from you and pays out rupees. This applies when you receive an inward remittance from a client abroad.
- TT selling rate: the rate at which Federal Bank sells you foreign currency, used when you send money out.
- Card rate: used for the forex card and cash, and it carries a wider margin 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).
| Rate type | Used when | Illustrative Federal Bank rate (INR/USD) |
|---|---|---|
| TT buying | You receive money from abroad | 87.90 |
| TT selling | You send money abroad | 89.60 |
| Card rate | Forex card or cash | 87.40 buy / 90.10 sell |
The mid-market rate that day is around ₹89.40, so every Federal Bank rate sits a margin away from it.
What are Federal Bank's forex charges?
Federal Bank is one of the banks that applies a small fee even on inward credits, so read this alongside the rate margin. As of July 2026, the fees an exporter or freelancer is likely to meet are set out below.
| Service | Federal Bank charge (as of July 2026) |
|---|---|
| Inward remittance (receiving funds) | ₹250 + commission in lieu of exchange 0.125% (minimum ₹500) + GST |
| FIRC issuance | ₹500 |
| Purpose code change | ₹250 |
| Outward remittance (non-trade) | ₹1,000 + SWIFT ₹500 |
| Outward remittance (trade) | 0.125% (minimum ₹1,000) + SWIFT ₹500 |
| SWIFT via Fed-e-Remit | ₹500 per transaction |
Unlike some banks that credit inward funds free, Federal Bank charges ₹250 plus a 0.125% commission (minimum ₹500) to receive. The TT buying rate margin then sits on top of that.
Banks revise these schedules periodically, so verify the current numbers on Federal Bank's own rates-and-charges page before you rely on a figure.
Fee-plus-margin billing like this is not unique to Federal Bank: City Union Bank forex rates follow a similar combined-charge structure on inward transfers.
The Fi-Federal debit card and forex markup
Many people searching for Federal Bank forex charges are really asking about the Fi-Federal debit card, so it is worth being precise. The card's "zero forex markup" benefit is plan-dependent, not automatic.
On the Plus, Infinite, and Prime plans, the card charges no forex markup on international spends. On the Standard and Regular plans, a 3.5% markup applies, the same as most regular debit cards.
Issuance is free on Prime, Infinite, and salary plans, and ₹299 plus GST on the others. An ATM withdrawal abroad costs around ₹200 plus GST. So the no-forex-markup benefit is real, but only if you are on the right plan.
If you are comparing forex-card benefits across banks, DBS Bank forex rates use a similar plan-dependent markup structure on international card spends.
What getting paid from abroad really costs you
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 Federal Bank's rate sheet.
| The problem | What it costs you | What Xflow does |
|---|---|---|
| Every payment needs a declaration. Your bank needs a purpose code and a signed declaration before it converts and credits the money. | Paperwork on every single payment. The money waits on you, not on the wire. | Money reaches your Indian bank account the next working day. |
| You have to ask for the certificate every time. Federal Bank gives you a FIRA when you ask for it. Your CA needs it, and it closes the record the government keeps of your export (EDPMS). | A small fee on every payment, and you chase it each time. | You get the eFIRA on its own, every time. Nothing to ask for. |
| Matching payments to invoices takes time. Every payment needs a purpose code and invoice details, and the bank often emails you questions. | A few hours of work each month. If a record stays open, it can cause problems later. | Xflow can send your invoices, and it connects to Zoho Books, so payments match up where you already work. |
| You do not know the rate until the money lands. Federal Bank changes its sheet during the day. | You cannot plan the month, or pick a good day for a big invoice. | Xflow's FX AI Analyst shows rate forecasts and lets you set a target rate. It is a forecast, not advice, and not a promise. |
To be fair: this does not beat your bank at everything. If your current account, overdraft and trade limits are all with Federal Bank, 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.
Receive export payments the next working day, with the eFIRA issued automatically
RBI authorised
eFIRA issued automatically
Next-business-day settlement
How much GST applies to a forex conversion?
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.
| Conversion amount | Value of supply (taxable value) | GST at 18% |
|---|---|---|
| Up to ₹1 lakh | 1% of the amount (minimum ₹250) | ₹45 to ₹180 |
| ₹1 lakh to ₹10 lakh | ₹1,000 + 0.5% of amount above ₹1 lakh | ₹180 to ₹990 |
| Above ₹10 lakh | ₹5,500 + 0.1% of amount above ₹10 lakh (capped at ₹60,000) | ₹990 to ₹10,800 (maximum) |
The takeaway is simple. GST is a known, capped, and comparatively small cost. The exchange-rate margin is the variable you can actually influence.
Why are Federal Bank's forex rates different from the market rate?
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: Federal Bank applies a margin between the interbank rate and the rate it gives you, generally around 1.5% 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.
- Fees on top: because Federal Bank also charges ₹250 plus a 0.125% commission to receive, the total cost on a small inward transfer can feel high relative to the amount.
- 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.
Karnataka Bank forex rates sit in a comparable range too, though the exact spread depends on the currency and day. The same reading applies to canara bank forex rates and bank of baroda forex rates, where only the spread and flat charges differ by bank.
What does the effective rate look like? A worked example
Say a client sends you USD 10,000 for a completed project. On the sheet Federal Bank published on 31 August 2026 at 9:00 AM, its TT buying rate was ₹94.10. The mid-market reference that day was ₹94.55.
- At the mid-market rate: 10,000 × 94.55 = ₹9,45,500
- At Federal Bank's TT buying rate: 10,000 × 94.10 = ₹9,41,000
- Difference from the rate margin alone: ₹4,500, before GST and any certificate fee.
That ₹4,500 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.
How can you check Federal Bank forex rates today?
There are three reliable ways to find the rate, in order of accuracy.
- Federal Bank's forex rate sheet on its website, revised on working days. It lists TT and card 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.
If you also hold an account elsewhere, our idfc bank forex rates guide walks through the same rate-checking process for that bank.
How is Xflow different from Federal Bank forex rates?
Xflow is a cross-border payments platform built around receiving accounts for Indian businesses and freelancers collecting money from abroad. The core difference is the reference rate.
Federal Bank marks up a hidden interbank rate and adds fees 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.
| Plan | Fee | Best for |
|---|---|---|
| Starter | $12 flat up to $2,000; 0.6% above $2,000 | Invoices typically under $3,500 |
| Growth | $20 flat up to $5,000; 0.4% above $5,000 | Invoices of $2,000 to $10,000 |
| Scale | Custom pricing | Invoices of $10,000+ |
Check the cost on your own invoice amount
$12 flat up to $2,000
Then 0.6%
No FX markup
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. On costs like these, the savings versus a bank spread can be significant, and the gap 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 Federal Bank, 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.
Does moving off your bank break compliance?
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.
The bottom line
Federal Bank publishes its rate sheet every working day and revises it intraday. On 31 August 2026 its USD TT buying rate was ₹94.10, about 0.48% below a daily mid-market reference rate of ₹94.55.
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.
Frequently asked questions
Federal Bank quotes a TT buying rate for money you receive, a TT selling rate for money you send, and a wider card rate for its forex card and cash. Each sits a margin below or above the mid-market rate, and the margin is the main cost.
Yes. Federal Bank charges ₹250 to receive an inward remittance, plus a commission in lieu of exchange of 0.125% (minimum ₹500) and GST. The TT buying rate margin applies on top, and a FIRC costs ₹500.
It is the rate at which Federal Bank converts incoming foreign currency into rupees. It is lower than the mid-market rate, and the difference is the bank's margin. This is the rate that applies when you receive money.
Only on premium plans. The Plus, Infinite, and Prime plans carry no forex markup on international spends, while the Standard and Regular plans charge a 3.5% markup like most debit cards.
Use Federal Bank's forex rate sheet on its website, revised on working days. The exact rate applied to your transfer appears on your credit advice or FIRA.
Google shows the mid-market rate. Federal Bank adds a spread of roughly 1.5% to 3%, so the rate you receive is below it. The applied rate on your FIRA reflects that margin.
Savings depend on your volume and the rate margin. On regular mid-to-large receipts, converting at the mid-market rate with a visible fee can meaningfully cut FX costs compared with a bank spread, and the gap widens as volumes rise.
No. The TT buying rate sits below the mid-market rate, and that gap is the bank's margin on the conversion. Federal Bank publishes both a buying and a selling rate each working day and revises them intraday. Today's figures, with the time Federal Bank published them, are in the rate table at the top of this page.
The TT rate applies to wire transfers, so it is the one used when an inward remittance is credited to your account. The card rate applies to forex travel cards and carries a wider margin. Do not use a card rate to estimate what an inward wire will fetch. Both are in the table at the top of this page.
