Union Bank of India Forex & Exchange Rate Today: TT Buying, TT Selling, Card Rate & Charges

Union Bank of India's USD to INR rate today is ₹95.31 for money coming in.

Every rate below comes from the sheet Union Bank of India published on 20 August 2026 at 9:15 AM, refreshed here twice a day.

Union Bank of India 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.

Union Bank of India's USD TT buying rate today is ₹95.31. If money is coming in to you, that is the rate that applies.

This sheet covers transactions up to USD 5,000. Union Bank's published card rates cover transactions up to and equal to USD 5,000. Above that the branch quotes separately, so a typical export invoice is priced off-sheet.

Source: Union Bank of India Card Rates (PDF), published by Union Bank of India 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.

Union Bank of India's TT buying rate for USD is ₹95.31, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Union Bank of India TT buying: ₹95.31
• Gap: 0.46%, about ₹1,760 on a USD 4,000 invoice

Union Bank of India's TT selling rate for USD is ₹95.97. 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 ₹0.66 per dollar, or 0.7% of the buying rate. That spread is what the bank keeps.

Union Bank of India publishes these on the daily sheet it calls its "Card Rates". 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 ₹0.68 below the TT buying rate, and the currency-note rate is ₹1.03 below it.

Union Bank of India publishes its own "Card Rates", 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: Union Bank of India 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 9:15 AM.

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 still carries a handling fee plus the rate margin, and correspondent banks may deduct their own charges before the money reaches UBI.

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

Many people searching for UBI forex charges are really comparing its multi-currency card against a regular debit or credit card, so it is worth being precise.

For transactions up to about USD 5,000, the forex card uses rates close to the TT rates, though they can differ slightly. When you spend in a currency already loaded on the card, there is no markup on that transaction.

If you spend in a currency you have not loaded, a cross-currency markup of about 3.5% plus GST applies, because the card converts on the fly. ATM withdrawals abroad cost around USD 2 per transaction, and the issuance fee is nil on many variants.

This kind of cross-currency markup is not unique to UBI. DCB Bank forex rates apply a similar structure on out-of-currency card spends, and City Union Bank forex rates follow the same cross-currency markup pattern, so it is worth checking a card's specific terms before you travel or pay abroad.

The karur vysya bank forex rates guide details a similar card markup at another regional bank.

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 Union Bank of India'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 Union Bank of India, 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 4,000 for a completed project. On the sheet Union Bank of India published on 20 August 2026 at 9:15 AM, its TT buying rate was ₹95.31. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 4,000 × 95.75 = ₹3,83,000
• At Union Bank of India's TT buying rate: 4,000 × 95.31 = ₹3,81,240
• Difference from the rate margin alone: ₹1,760, before GST and any certificate fee.

That ₹1,760 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 $16, 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.

• UBI's foreign-exchange card-rate sheet on its website, revised on working days. It lists TT, bill, 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.

It also helps to compare a peer's sheet on the same day, such as the karnataka bank forex rates guide.

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.

UBI 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 UBI 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.

Another peer lender's published sheet works the same way, as the idfc bank forex rates guide sets out.

TT stands for telegraphic transfer, the electronic movement of money between banks across borders. UBI quotes several rates on its sheet.

• TT buying rate: the rate at which UBI 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 UBI sells you foreign currency, used when you send money out.
• Bill buying and selling rates: used for foreign cheques, drafts, and trade documents.
• Card rate: used for the forex card and cash, on smaller transactions.

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).

Peer lenders price off the same reference, so the tamilnad mercantile bank forex rates guide shows a comparable margin.

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: UBI applies a margin between the interbank rate and the rate it gives you, generally around 1% 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.
• Correspondent deductions: inward wires can pass through an intermediary bank that takes its own cut before the money reaches UBI, so the credited amount can be smaller than the sender's figure.
• 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.

Margins are not uniform across banks either. South Indian Bank forex rates follow the same TT-and-card-rate structure but land at different spreads on the same currency and day.

Punjab National Bank forex rates show the same pattern: a comparable margin structure, just with its own day-to-day spread.

Broader monetary policy moves rates too; the RBI's cash reserve ratio shapes bank liquidity and, in turn, currency pricing.

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

UBI 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.

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. 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 UBI, 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 reduce international payment fees to see where the real leakage sits. For regular mid-to-large export receipts, the platform works well for service exporters who receive frequent overseas payments.

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.

Union Bank of India publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹95.31, about 0.46% 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.