Introduction
If your business receives international payments, you need to understand how UCO Bank’s forex rates work. The rate your bank applies determines the final Indian Rupee (INR) amount that lands in your account. It affects your margins, cash flow, and your overall cost of doing business globally. Since foreign-exchange rates change constantly, every small difference between the mid-market rate and the UCO Bank TT/OD forex rate directly impacts your revenue.
Let’s learn how UCO Bank's foreign exchange rates today are structured, how margins and charges affect the effective rate, and how to check the most accurate rates before a client sends money.
Understanding UCO Bank forex rates
UCO Bank publishes FX rates for multiple currencies each day, and these rates apply to transactions such as remittances, foreign currency purchases, and export proceeds. These figures change frequently because they depend on market conditions and the bank’s internal pricing model, which includes spreads, operational costs, and FEDAI guidelines.
The card rates you see represent indicative UCO Bank forex rates for that particular day and help you understand how much INR you will receive or pay when transacting in another currency.
UCO Bank forex card rates (24 November 2025)
| Currency | TT Buying (INR) | TT Selling (INR) |
|---|---|---|
| USD | 88.27 | 90.06 |
| EUR | 101.69 | 103.74 |
| GBP | 115.64 | 117.98 |
| JPY* | 56.39 | 57.52 |
| CHF | 108.93 | 111.69 |
UCO Bank forex charges
Foreign-exchange charges at UCO Bank are not limited to spreads on exchange rates. When you receive inward remittances, the bank may apply additional flat charges depending on the size and purpose of the payment.
| Type of Inward Remittance / Document (Business Use) | Charge Applicable to Indian Businesses |
|---|---|
| Inward SWIFT Transfer (MT103 / MT202) credited to UCO’s Nostro before being passed to your Indian account | • Up to USD 5,000: ₹100 • Above USD 5,000: ₹500 |
| Advance Remittance Received for Future Exports | • Up to USD 5,000: ₹100 • USD 5,000-25,000: ₹1,000 • Above USD 25,000: ₹2,000 |
| Issuance of FIRC / NOC (for non-trade inward remittances) | ₹250 per certificate |
| Issuance of Duplicate FIRC / NOC | ₹1,500 per certificate |
Why real-time forex rates are important
Foreign currency prices move constantly, and even a small shift can change how much INR you actually receive. When you work with overseas clients or manage export payments, real-time rates help you understand exactly what will hit your bank account after conversion.
Real-time rates also help you to react quickly when the INR strengthens or weakens. If you can see the live rate before converting a payment, you can choose the most favourable moment to settle the amount. This real-time visibility protects your margins and helps you stay competitive without guessing how much your USD or EUR earnings are actually worth in INR.
Why UCO Bank rates differ from market rates
There are several pricing layers between UCO Bank’s quoted rates and the real mid-market rate, and these layers contribute to the difference you see as a customer.
1. UCO Bank adjusts its forex rates using an internal spread, which is added on top of the mid-market rate to cover operating expenses and generate revenue.
2. The bank also prices in currency risk because exchange rates can change before settlement, and the spread helps hedge short-term volatility.
3. Branch-based transactions typically attract additional costs due to manual processing, and these charges are factored into the final buy or sell rate.
4. UCO follows FEDAI guidelines, and these regulatory frameworks influence how buying, selling, TT, and OD rates are set for different transaction categories.
Effective rate example
Here’s how much difference the UCO Bank forex rate can make to your final INR realisation.
For this example, we use:
Mid-market USD-INR rate today: ₹89.25
UCO Bank TT Buying Rate (USD): ₹88.27
If your client sends USD 5,000
1. If converted at mid-market rate:
USD 5,000 × ₹89.25 = ₹4,46,250
2. If converted at UCO Bank TT Buying rate (₹88.27):
USD 5,000 × ₹88.27 = ₹4,41,350
Difference in INR received: ₹4,46,250 - ₹4,41,350 = ₹4,900 lost on a single $5,000 transfer
This difference is even before applying any flat inward-remittance fees (₹100 or ₹500, depending on the amount).
How to check UCO Bank forex rates
You can view UCO Bank forex rates today directly on the official UCO Bank website. The bank publishes updated TT, OD, and buy/sell currency rates under its forex/treasury section, and you can also access the rate card through the “Forex Rates” link on the homepage or the Treasury Department page.
Why Xflow is better than UCO Bank forex rates
Banks like UCO follow traditional FX pricing practices that add layers of cost, and this often reduces the INR amount you finally receive. Xflow offers a different model that is designed for Indian freelancers, exporters, and digital service businesses that want predictable, transparent, and cost-efficient conversions.
Xflow gives you complete clarity by showing the live mid-market rate before you convert your earnings. You can avoid hidden spreads and opaque deductions because the platform uses a transparent fee structure with no internal markup.
The settlement experience is faster, too. Xflow relies on local payout rails for USD, GBP, EUR and other major currencies, which removes unnecessary intermediary banks and accelerates how quickly the money arrives in India. You also get automatic digital FIRA documents without manual follow-ups, saving time and effort.
For Indian businesses that rely on global payments, Xflow is built to reduce conversion losses, simplify compliance, and speed up settlement from overseas clients.
Switch to Xflow and start receiving international payments at transparent, mid-market linked rates with automated compliance.
Frequently asked questions
UCO Bank typically updates its forex rates at least once daily and may revise them during the day when market conditions shift. These updates follow FEDAI guidelines and internal risk policies. For inward remittances, the applicable rate is the one active at the time the bank processes your credit.
The buying rate is used when UCO Bank buys foreign currency from you, which applies when you receive money from abroad. The selling rate applies when you buy foreign currency from the bank. Businesses receiving USD or other currencies will always get the buying rate, which is lower than the mid-market rate.
If you receive foreign payments, UCO Bank applies its buying TT rate (Telegraphic Transfer buying rate). If you buy foreign currency for travel or imports, the bank applies its selling rate, which is higher because it includes markup and handling margins.
Yes, UCO Bank includes an embedded FX margin within the rate and applies additional inward remittance charges depending on the transaction type. These charges reduce the final INR you receive. Larger transactions may also attract FIRC-related fees.
UCO Bank’s rates are broadly similar to those of other public-sector banks but are usually less competitive than digital FX platforms or specialized providers. The spread between the bank’s rate and the mid-market rate tends to be wider, which affects how much INR you finally receive.
Businesses must provide documents such as the invoice, purpose code, KYC documents, and client details. For export payments, banks may also request shipping documents or declarations to comply with FEMA and RBI reporting norms.
Yes. UCO Bank publishes different rates, such as card rates for travellers, TT buying rates for exporters receiving foreign currency, and NRE/NRO-linked rates for NRIs.
