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

Punjab National Bank's USD to INR rate today is ₹95.42 for money coming in.

Every rate below comes from the sheet Punjab National Bank published on 20 August 2026 at 04:00 PM, refreshed here twice a day.

Punjab National 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.

Punjab National Bank's USD TT buying rate today is ₹95.42. If money is coming in to you, that is the rate that applies.

This sheet covers card rate. PNB's sheet requires sales and purchases above INR 10 lakh to be reported to treasury before 4.30 PM, so a large transfer is handled as a reported deal rather than at the printed rate.

Source: Punjab National Bank Card Rate, published by Punjab National 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.

Punjab National Bank's TT buying rate for USD is ₹95.42, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Punjab National Bank TT buying: ₹95.42
• Gap: 0.34%, about ₹3,300 on a USD 10,000 invoice

Punjab National Bank's TT selling rate for USD is ₹96.12. 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 ₹0.70 per dollar, or 0.7% of the buying rate. That spread is what the bank keeps.

Punjab National Bank publishes these on the daily sheet it calls its "Card Rate". The card columns carry a different rate from the TT rate.

Punjab National Bank publishes its own "Card Rate", 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: Punjab National Bank 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 04:00 PM.

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.

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 there is no headline commission on the credit. The margin baked into the TT buying rate does the quiet work instead.

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

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 Punjab National 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 Punjab National 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 Punjab National Bank published on 20 August 2026 at 04:00 PM, its TT buying rate was ₹95.42. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At Punjab National Bank's TT buying rate: 10,000 × 95.42 = ₹9,54,200
• Difference from the rate margin alone: ₹3,300, before GST and any certificate fee.

That ₹3,300 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.

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

• PNB's card-rate sheet on its website, timestamped and revised 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 is the document that proves both the inward remittance and the rate applied.

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.

PNB 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 PNB 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. PNB uses two versions, and a third rate for cards.

• TT buying rate: the rate at which PNB 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 PNB sells you foreign currency, used when you send money out.
• Card rate: used for forex travel cards 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. To see how the three compare on the same day, 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

PNB 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.

Cash and card cost more

The World Travel Card and cash conversions carry a wider margin than TT rates, so match the number to the channel you use.

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.

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

PNB 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.

Its receiving accounts settle that same invoice into your Indian bank account without the daily card-rate markup PNB applies.

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, Xflow markets meaningful FX savings compared with a typical bank spread, and the gap tends to widen 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 PNB, 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.

Punjab National Bank publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹95.42, about 0.34% 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.