UCO Bank Forex Rates Updated Today: TT & Bill Rates

UCO Bank's USD to INR rate today is ₹94.93 for money coming in.

TT buying rate: ₹94.93. What you receive on an inward transfer.
TT selling rate: ₹96.85. What you pay to send money out.

From the sheet UCO Bank published on 16 September 2026, and refreshed here twice a day. The major currencies are in the table below; UCO Bank publishes 10 in total on its own sheet.

UCO Bank forex rates today

UCO Bank's USD TT buying rate today is ₹94.93, with the major currencies in the table below.

These figures come from the sheet UCO Bank published on 16 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 5,000 equivalent. Above that, rates are set by the bank.

Source: UCO Bank Daily Card Rates, published by UCO 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
USD United States Dollar	94.93	96.85	94.93
EUR Euro	109.58	111.79	109.58
GBP Great Britain Pound	127.98	130.56	127.98
AED U.A.E. Dirham	25.78	26.43	25.85
AUD Australian Dollar	67.48	69.19	67.66
CAD Canadian Dollar	67.97	69.70	68.15
SGD Singapore Dollar	74.37	76.26	74.56
CHF Swiss Franc	115.67	118.60	115.97
JPY Japanese Yen	0.6110	0.6233	0.6110

UCO Bank TT buying rate today

UCO Bank's TT (telegraphic transfer) buying rate for USD is ₹94.93 on the sheet published 16 September 2026.

This is the number that determines an exporter's payout. When a client abroad wires you dollars, UCO 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 ₹9,49,300 before GST and any certificate fee.

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

Mid-market reference: ₹95.99
UCO Bank TT buying: ₹94.93
Gap: 1.10%, or about ₹10,600 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 ₹95.99 on 16 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.

UCO Bank TT selling rate today

UCO Bank's TT selling rate for USD is ₹96.85 as of the same sheet.

This is the rate you pay when UCO 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 ₹1.92 per dollar, or 2.0% of the buying rate. Buy and sell the same dollar on the same day and that spread is what the bank keeps.

USD to INR at UCO 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 16 September 2026. UCO 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	UCO Bank USD rate today
Money coming in from a client abroad	TT buying rate (TTBR)	₹94.93
Sending money abroad	TT selling rate	₹96.85
Getting paid early on an export bill	Bills buying rate	₹94.93

See what the same transfer would pay you at Xflow

0% FX markup

Fee shown before you convert

25+ currencies

Check UCO Bank's official rate sheet

UCO 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 web page the bank refreshes in place, so there is no file to keep.

Open it here: UCO Bank Daily Card 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 is dated 16 September 2026.

Understanding UCO 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.

UCO 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. To see how today’s rate differs from a locked future rate, read spot rate vs forward rate.

As a public-sector bank, UCO typically updates its rate sheet at least once each working day under FEDAI guidelines, rather than continuously through the day. So the rate that applies is the one active when your account is credited.

What do TT buying and TT selling rates mean?

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. UCO uses two TT rates and a card rate.

TT buying rate: the rate at which UCO 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 UCO sells you foreign currency, used when you send money out.
Card rate: used for travellers 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 UCO rate (INR/USD)
TT buying	You receive money from abroad	88.10
TT selling	You send money abroad	89.90
Card or cash	Travellers or currency notes	87.70 buy / 90.20 sell

The mid-market rate that day is around ₹89.40, so every UCO rate sits a margin away from it. Other banks set their own margins on the same base; compare barclays bank forex rates to see how a foreign bank differs.

What are UCO 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.

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

Service	UCO charge (as of July 2026)
Inward remittance (up to ₹1 lakh)	Around ₹112 + GST; TT buying rate margin applies
Inward remittance (above ₹1 lakh)	Around ₹255 + GST
Commission when credited in foreign currency	0.10% (minimum ₹100, maximum ₹5,000)
FIRC or NOC issuance	₹250 per certificate (duplicate higher)
Advance remittance	Tiered from ₹100 to ₹2,000 by amount
SWIFT and correspondent charges	Additional, deducted along the way

Receiving money still carries a handling fee plus the rate margin, and a correspondent bank can deduct its own charge before the money reaches UCO.

Banks revise these schedules periodically, so verify the current numbers on UCO's own service-charges page before you rely on a figure.

Does UCO Bank have a forex card?

This comes up often, so it is worth answering directly. UCO Bank does not offer a dedicated multi-currency forex travel card of the kind ICICI, SBI, or Axis run.

It does provide prepaid cards and international debit cards that work overseas, but those use card and network rates rather than a preloaded multi-currency balance. For a dedicated prepaid travel card, you would look to another provider.

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 UCO 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. UCO 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. UCO 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 UCO 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 UCO 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

UCO 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 UCO, so the credited amount can be smaller than the sender's figure.

Once-daily pricing

Because UCO refreshes its rate less often than an intraday-updating private bank, the rate you get can lag the live market by a few hours.

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

Underlying all of this, RBI levers such as the cash reserve ratio shape rupee liquidity and the interbank rate every quote is built on. If you are comparing this against another public-sector bank, the same daily-rate-sheet dynamic drives karur vysya bank forex rates as well, since both revise once a day rather than continuously.

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.

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 UCO Bank published on 16 September 2026, its TT buying rate was ₹94.93. The mid-market reference that day was ₹95.99.

At the mid-market rate: 10,000 × 95.99 = ₹9,59,900
At UCO Bank's TT buying rate: 10,000 × 94.93 = ₹9,49,300
Difference from the rate margin alone: ₹10,600, before GST and any certificate fee.

That ₹10,600 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 UCO Bank forex rates today?

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

UCO's daily 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. On larger volumes, some providers offer a guaranteed rate locked for a set window, which UCO’s once-daily sheet does not.

Because UCO updates once a day, the sheet is usually a good guide, but the rate that lands is still the one active when your credit is processed, which is why the FIRA figure is the one to trust. For compliance, the FIRA proves both the inward remittance and the rate applied.

How is Xflow different from UCO 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.

UCO marks up a hidden interbank rate and adds a handling fee. 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. This runs through Xflow's receiving accounts, which credit funds straight to your business's local collection details at that rate.

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. Businesses receiving regular export payments typically see meaningfully lower FX costs on Xflow than through a bank spread, 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 UCO, 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.

As of February 2026, Xflow holds PACB license, the RBI's final Payment Aggregator - Cross Border (PA-CB) authorisation, covering both exports and imports. It 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

UCO Bank publishes its rate sheet every working day and revises it intraday. On 16 September 2026 its USD TT buying rate was ₹94.93, about 1.10% below a daily mid-market reference rate of ₹95.99.

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

UCO quotes a TT buying rate for money you receive, a TT selling rate for money you send, and a card rate for travellers and cash. Each sits a margin away from the mid-market rate, and that margin is the main cost.

Yes. UCO charges a handling fee of around ₹112 up to ₹1 lakh or ₹255 above, plus a 0.10% commission when credited in foreign currency and GST. The TT buying rate margin applies on top, and a FIRC costs ₹250.

As a public-sector bank, UCO usually updates its rate sheet at least once each working day under FEDAI guidelines, and may revise it if the market moves sharply. The rate that applies is the one active when your credit is processed.

Not a dedicated multi-currency travel card. UCO offers prepaid and international debit cards that work overseas, but for a preloaded multi-currency travel card you would use another provider.

Use UCO's daily 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. UCO 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 typically costs meaningfully less than a bank spread, and the gap widens with volume.

No. The TT buying rate sits below the mid-market rate, and that gap is the bank's margin on the conversion. UCO Bank publishes both a buying and a selling rate each working day and revises them intraday. Today's figures, with the time UCO 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.

Forex rates at other Indian banks

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