Karnataka Bank's USD to INR rate today is ₹93.45 for money coming in.
- TT buying rate: ₹93.45. What you receive on an inward transfer.
- Card rate: ₹93.45. Forex card and cash.
- TT selling rate: ₹95.45. What you pay to send money out.
From the sheet Karnataka Bank published on 7 September 2026, and refreshed here twice a day. The major currencies are in the table below; Karnataka Bank publishes 11 in total on its own sheet.
Karnataka Bank forex rates today
Karnataka Bank's USD TT buying rate today is ₹93.45, with the major currencies in the table below.
These figures come from the sheet Karnataka Bank published on 7 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 as published. Above that, rates are set by the bank.
Source: Karnataka Bank FX Rate Card (PDF), published by Karnataka 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) | Card (load) |
|---|---|---|---|---|---|
| USD United States Dollar | 93.45 | 95.45 | 93.45 | 93.45 | 95.45 |
| EUR Euro | 108.16 | 111.16 | 108.16 | 108.16 | 111.16 |
| GBP Great Britain Pound | 126.10 | 129.10 | 126.10 | 126.10 | 129.10 |
| AED U.A.E. Dirham | 24.24 | 27.24 | 24.24 | 24.24 | 27.24 |
| AUD Australian Dollar | 66.32 | 69.32 | 66.32 | 66.32 | 69.32 |
| CAD Canadian Dollar | 66.89 | 69.89 | 66.89 | 66.89 | 69.89 |
| SGD Singapore Dollar | 73.13 | 76.13 | 73.13 | 73.13 | 76.13 |
| CHF Swiss Franc | 115.39 | 118.39 | 115.39 | 115.39 | 118.39 |
| JPY Japanese Yen | 0.5908 | 0.6208 | 0.5908 | 0.5908 | 0.6208 |
Karnataka Bank TT buying rate today
Karnataka Bank's TT (telegraphic transfer) buying rate for USD is ₹93.45 on the sheet published 7 September 2026.
This is the number that determines an exporter's payout. When a client abroad wires you dollars, Karnataka 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 ₹9,34,500 before GST and any certificate fee.
Against the mid-market rate, the gap looks like this:
- Mid-market reference: ₹94.55
- Karnataka Bank TT buying: ₹93.45
- Gap: 1.16%, or about ₹11,000 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.
Karnataka Bank TT selling rate today
Karnataka Bank's TT selling rate for USD is ₹95.45 as of the same sheet.
This is the rate you pay when Karnataka 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 ₹2.00 per dollar, or 2.1% of the buying rate. Buy and sell the same dollar on the same day and that spread is what the bank keeps.
Karnataka Bank rate sheet today
Karnataka 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 rates carry wider margins than TT rates. Do not use a card rate to estimate what an inward wire will fetch.
On USD the card cash-out rate is ₹0.00 above the TT buying rate, and the currency-note rate is ₹0.00 above it.
| Card and cash transaction | USD rate today |
|---|---|
| Loading or reloading a forex card | 95.45 |
| Cashing out from a forex card | 93.45 |
| Currency notes (bank buying cash from you) | 93.45 |
| Currency notes (bank selling cash to you) | 95.45 |
USD to INR at Karnataka 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 7 September 2026. Karnataka 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 | Karnataka Bank USD rate today |
|---|---|---|
| Money coming in from a client abroad | TT buying rate (TTBR) | ₹93.45 |
| Sending money abroad | TT selling rate | ₹95.45 |
| Getting paid early on an export bill | Bills buying rate | ₹93.45 |
| Loading a forex card | Card rate | ₹95.45 |
See what the same transfer would pay you at Xflow
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Fee shown before you convert
25+ currencies
Download Karnataka Bank's rate sheet PDF
Karnataka 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: Karnataka Bank FX Rate Card. 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 7 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.
Understanding Karnataka 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.
Karnataka Bank publishes TT and card rates for the main currencies. If you want the plain-English version of how these numbers are built, start with forex rates.
The rates Karnataka Bank shows are indicative. The rate that actually applies is the one prevailing when your account is credited, so a morning figure can shift by the time your transfer settles.
A peer private-sector lender publishes the same way, as the tamilnad mercantile bank forex rates guide shows.
What do TT buying and TT selling rates mean?
TT stands for telegraphic transfer, the electronic movement of money between banks across borders. Karnataka Bank uses two TT rates and a card rate.
- TT buying rate: the rate at which Karnataka 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 Karnataka Bank sells you foreign currency, used when you send money out.
- Card rate: used for card and cash transactions, 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).
| Rate type | Used when | Illustrative Karnataka Bank rate (INR/USD) |
|---|---|---|
| TT buying | You receive money from abroad | 88.10 |
| TT selling | You send money abroad | 89.90 |
| Card or cash | Card or currency notes | 87.70 buy / 90.20 sell |
The mid-market rate that day is around ₹89.40, so every Karnataka Bank rate sits a margin away from it.
Other banks price off the same reference, so the idfc bank forex rates guide shows a comparable margin.
What are Karnataka Bank's forex charges?
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.
| Service | Karnataka Bank charge (as of July 2026) |
|---|---|
| Inward remittance (TT, MT, or DD) | Converted at the TT buying rate; margin applies |
| Clean inward payment in INR | ₹100 per transaction |
| Inward via DD or SWIFT | USD 25 or equivalent |
| Commission in lieu of exchange | 0.125% (maximum ₹5,000) |
| Foreign currency instruments sent abroad | 0.20% (minimum ₹100) |
| FIRC (if you request the certificate) | Nominal fee plus GST, on request |
Receiving money still carries the TT buying rate margin, and a correspondent bank can deduct its own fee before the money reaches Karnataka Bank.
Banks revise these schedules periodically, so verify the current numbers on Karnataka Bank's own rates-and-charges page before you rely on a figure.
Regional private banks price this margin similarly, so it can help to check a peer sheet such as karur vysya bank forex rates before deciding whether Karnataka Bank's spread is competitive.
Does Karnataka Bank have a forex card?
This comes up often, so it is worth answering directly. Karnataka Bank's KBL MoneyPlant range is a set of international debit cards, such as its Visa and RuPay Platinum variants, not a standalone prepaid multi-currency travel card of the kind some banks issue.
You can use a MoneyPlant international debit card abroad, where the network rate plus a foreign transaction charge applies. The bank also publishes an FX card-rate sheet for its forex services.
For receiving money, none of this changes the key point: it is the TT buying rate on the inward remittance that decides your payout, not a card rate.
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 Karnataka 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. Karnataka 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. Karnataka 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 Karnataka 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 Karnataka 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: Karnataka Bank applies a margin between the interbank rate and the rate it gives you, generally around 1% to 2.5% below mid-market on inward transfers, though it varies by day and currency. 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 Karnataka Bank, 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.
Margins are not uniform across banks; the south indian bank forex rates guide lands at a different spread on the same currency and day.
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 Karnataka Bank published on 7 September 2026, its TT buying rate was ₹93.45. The mid-market reference that day was ₹94.55.
- At the mid-market rate: 10,000 × 94.55 = ₹9,45,500
- At Karnataka Bank's TT buying rate: 10,000 × 93.45 = ₹9,34,500
- Difference from the rate margin alone: ₹11,000, before GST and any certificate fee.
That ₹11,000 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 Karnataka Bank forex rates today?
There are three reliable ways to find the rate, in order of accuracy.
- Karnataka Bank's FX card-rate sheet on its website, published 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 proves both the inward remittance and the rate applied. Every Indian bank runs the same dated rate-sheet system with its own margins, so if you want to see how indian bank forex rates compare across major lenders, that roundup is a useful next stop before deciding whether to move volume off Karnataka Bank.
How is Xflow different from Karnataka Bank forex rates?
Xflow is a cross-border payments platform built for Indian businesses and freelancers receiving money from abroad. The core difference is the reference rate.
Karnataka Bank marks up a hidden interbank rate. 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.
Instead of routing inward payments through your existing bank account, Xflow's receiving accounts let you collect foreign payments directly at this rate, with the eFIRA issued automatically.
| 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. Xflow customers converting at the mid-market rate typically keep more of each invoice than they would through a bank's marked-up rate, 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 Karnataka 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
Karnataka Bank publishes its rate sheet every working day and revises it intraday. On 7 September 2026 its USD TT buying rate was ₹93.45, about 1.16% 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
Karnataka Bank quotes a TT buying rate for money you receive, a TT selling rate for money you send, and a card rate for card and cash use. Each sits a margin away from the mid-market rate, and that margin is the main cost.
An inward remittance is converted at the TT buying rate, with a commission in lieu of exchange of 0.125% (maximum ₹5,000) where applicable, plus ₹100 on a clean INR inward or USD 25 on a DD or SWIFT credit. A correspondent bank may also deduct its own fee.
Its KBL MoneyPlant range is a set of international debit cards, not a standalone prepaid multi-currency travel card. You can use a MoneyPlant card abroad at the network rate plus a foreign transaction charge.
It is the rate at which the 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.
Use Karnataka Bank's FX card-rate sheet on its website, published on working days. The exact rate applied to your transfer appears on your credit advice or FIRA.
Google shows the mid-market rate. Karnataka Bank adds a spread of roughly 1% to 2.5%, 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 typical bank spread.
No. The TT buying rate sits below the mid-market rate, and that gap is the bank's margin on the conversion. Karnataka Bank publishes both a buying and a selling rate each working day and revises them intraday. Today's figures, with the time Karnataka 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.
