Axis Bank Forex & Exchange Rate Today: TT Buying, TT Selling & Charges

Axis Bank's USD to INR rate today is ₹93.98 for money coming in.

Every rate below comes from the sheet Axis Bank published on 20 August 2026 at 06:37 PM, refreshed here twice a day.

Axis Bank publishes a new rate sheet every working day and revises it as the market moves. Money arriving from abroad is converted at its TT (telegraphic transfer) buying rate, which sits below the mid-market rate. That gap is the markup, and it is separate from GST on the conversion.

Axis Bank's USD TT buying rate today is ₹93.98. If money is coming in to you, that is the rate that applies.

This sheet covers up to INR 25 lakh. For transfers above that, contact the branch or your relationship manager.

Source: Axis Bank Corporate Card Rates, published by Axis 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.

Which rate applies depends on what you are doing, not on which one you saw first.

Axis Bank's TT buying rate for USD is ₹93.98, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Axis Bank TT buying: ₹93.98
• Gap: 1.85%, about ₹17,700 on a USD 10,000 invoice

Axis Bank's TT selling rate for USD is ₹97.28. This is what you pay when the bank sells you foreign currency, so it applies to money going out, not to export earnings coming in.

The gap between the two TT rates is ₹3.30 per dollar, or 3.5% of the buying rate. That spread is what the bank keeps.

Axis Bank publishes these on the daily sheet it calls its "Corporate Card Rates". The currency-note columns, for cash over the counter, carry a different rate from the TT rate.

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.

Receiving money looks close to free because the visible charge is small. The margin baked into the TT buying rate does the quiet work instead.

Banks revise these schedules periodically, so verify the current numbers on Axis Bank's own schedule of charges before you rely on a figure.

The same fee-and-margin structure shows up at smaller private lenders too. See dcb bank forex rates for how the numbers compare there.

The Axis Bank Multi-Currency Forex Card works differently from a debit or credit card abroad, and the difference is worth understanding because most search traffic for "axis forex card rate" is trying to compare the two.

When you spend in a currency already loaded on the card, there is no markup on that transaction. That is the card's main advantage over a regular card, which typically adds a 3.5% foreign transaction markup on every overseas spend.

If you spend in a currency you have not loaded, a cross-currency markup of about 3.5% applies, because the card converts on the fly. So the saving depends entirely on loading the right currencies before you travel.

Other card charges, as of July 2026, are an issuance fee of ₹300 (waived on digital issuance or for Priority and Burgundy customers), a reload fee of ₹100 (waived on digital reloads), and an ATM withdrawal fee of roughly USD 2.25 per transaction abroad. The rate loaded onto the card is the card rate, which sits wider of the mid-market rate than the TT rate does.

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.

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 Axis Bank'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 Axis 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.

Say a client sends you USD 10,000 for a completed project. On the sheet Axis Bank published on 20 August 2026 at 06:37 PM, its TT buying rate was ₹93.98. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At Axis Bank's TT buying rate: 10,000 × 93.98 = ₹9,39,800
• Difference from the rate margin alone: ₹17,700, before GST and any certificate fee.

That ₹17,700 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.

Axis Bank publishes its own "Corporate Card Rates", 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: Axis Bank Corporate 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 was published on 20 August 2026 at 06:37 PM.

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.

Axis 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 Axis 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.

Large multinational banks quote in much the same way. The standard chartered forex rates guide shows how the same margin-on-interbank-rate mechanics apply at a global bank operating in India.

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

• TT buying rate: the rate at which Axis 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 Axis 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. The same TT-buying-rate logic shows up at other private-sector banks. The indus ind bank forex rates guide walks through how it plays out there.

Private-sector peers such as icici bank forex rates and kotak mahindra bank forex rates follow the same margin-on-interbank pattern.

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: Axis 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.
• Cards cost more: the forex card and cash carry a wider margin than TT rates, and a regular debit or credit card adds a 3.5% markup on top.
• 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. This layered-margin pattern is not unique to Axis either, as the same structure shows up in Yes Bank forex rates, so it is worth checking regardless of who you bank with.

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

Axis 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.

Xflow's receiving accounts let you hold and convert at that same mid-market rate whenever it suits you, rather than whatever Axis quotes on the day money lands.

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, converting at the mid-market rate with a visible, capped fee can meaningfully lower your total FX cost compared with 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 Axis, 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.

Axis Bank publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹93.98, about 1.85% below a daily mid-market reference rate of ₹95.75.

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.