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

ICICI Bank's USD to INR rate today is ₹93.92 for money coming in.

Every rate below comes from the sheet ICICI Bank published on 20 August 2026 at 09:14 AM, refreshed here twice a day.

ICICI 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.

ICICI Bank's USD TT buying rate today is ₹93.92. If money is coming in to you, that is the rate that applies.

This sheet covers card rate; slab-based above INR 20 lakh. Above that, rates are slab-based and set by the bank.

Source: ICICI Bank Forex Card Rate, published by ICICI 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.

ICICI Bank's TT buying rate for USD is ₹93.92, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• ICICI Bank TT buying: ₹93.92
• Gap: 1.91%, about ₹18,300 on a USD 10,000 invoice

ICICI Bank's TT selling rate for USD is ₹97.05. 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 ₹3.13 per dollar, or 3.3% of the buying rate. That spread is what the bank keeps.

ICICI Bank publishes these on the daily sheet it calls its "Forex Card Rate". 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 ₹0.43 below the TT buying rate, and the currency-note rate is ₹0.24 below it.

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.

The "no transfer fee" on larger Money2India transfers is worth reading carefully. It means no flat fee, but the exchange-rate margin still applies, so the transfer is not free in the way it sounds.

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

The ICICI forex prepaid card works differently from a debit or credit card abroad, and the difference is worth understanding because a large share of "icici forex card rate" searches are 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 fee of 3.5% plus GST 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 ₹499 to ₹1,999 depending on the variant, a reload fee of around ₹75, and ATM withdrawal fees abroad such as USD 2 in the US or GBP 1.25 in the UK. 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 ICICI 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 ICICI 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 ICICI Bank published on 20 August 2026 at 09:14 AM, its TT buying rate was ₹93.92. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At ICICI Bank's TT buying rate: 10,000 × 93.92 = ₹9,39,200
• Difference from the rate margin alone: ₹18,300, before GST and any certificate fee.

That ₹18,300 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.

ICICI Bank publishes its own "Forex Card Rate", 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: ICICI Bank Forex Card Rate. 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 09:14 AM.

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.

ICICI 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 ICICI 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.

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

• TT buying rate: the rate at which ICICI 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 ICICI 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).

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: ICICI 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 and cash cost more: the forex card and cash carry a wider margin than TT rates, and a regular card adds a 3.5% markup on top.

Correspondent deductions: inward wires can pass through an intermediary bank that takes its own cut before the money reaches ICICI, so the credited amount can be smaller than the sender's figure. If a global bank such as Citi Bank forex rates sits somewhere in that chain, it applies its own margin before ICICI ever sees the funds.

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

It also helps to benchmark against another private-sector lender: compare indus ind bank forex rates on the same day to see how the margin differs.

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

ICICI 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.

Opening dedicated receiving accounts in USD, GBP, EUR and other major currencies means every inward payment lands against a rate you already agreed to, not whatever ICICI's rate sheet says that morning.

You keep close to the mid-market payout minus a fee you can see, instead of losing the spread you never agreed to. Xflow supports receiving in 25+ currencies from 140+ countries, at rates close to the mid-market benchmark. 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 ICICI, 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.

ICICI Bank publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹93.92, about 1.91% 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.