Yes Bank Forex & Exchange Rate Today: TT Buying & Charges

Yes Bank's USD to INR rate today is ₹94.66 for money coming in.

Every rate below comes from the sheet Yes Bank published on 20 August 2026 at 09:08 AM, refreshed here twice a day.

Yes 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.

Yes Bank's USD TT buying rate today is ₹94.66. If money is coming in to you, that is the rate that applies.

This sheet covers card rates up to USD 25,000 or equivalent. Above USD 25,000 or equivalent, the sheet directs you to the branch or your relationship manager.

Source: Yes Bank Forex Rates for NRI Client (PDF), published by Yes 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.

Yes Bank publishes its own "Forex Rates for NRI Client", 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: Yes Bank Forex Rates for NRI Client. 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 09:08 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.

Yes Bank's TT buying rate for USD is ₹94.66, also written as TTBR, short for TT buying rate.

• Mid-market reference: ₹95.75
• Yes Bank TT buying: ₹94.66
• Gap: 1.14%, about ₹10,900 on a USD 10,000 invoice

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 Yes Bank's own schedule of charges before you rely on a figure.

The Yes Bank Multi-Currency Travel Card works differently from a debit or credit card abroad, and the difference is worth understanding because a large share of "yes bank 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 markup of about 2.75% applies, because the card converts on the fly. So the saving depends entirely on loading the right currencies before you travel.

The card supports around 15 currencies, and other charges as of July 2026 are an issuance fee of ₹125 plus taxes, a reload fee of ₹100, and a refund fee of ₹75, with a small per-transaction fee on ATM withdrawals 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 Yes 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 Yes 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 Yes Bank published on 20 August 2026 at 09:08 AM, its TT buying rate was ₹94.66. The mid-market reference that day was ₹95.75.

• At the mid-market rate: 10,000 × 95.75 = ₹9,57,500
• At Yes Bank's TT buying rate: 10,000 × 94.66 = ₹9,46,600
• Difference from the rate margin alone: ₹10,900, before GST and any certificate fee.

That ₹10,900 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.

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.

Yes Bank 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 Yes Bank 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. Yes Bank defines the TT buying rate as the rate used when a foreign inward remittance, DD, or cheque is converted into rupees. It uses two TT rates and a separate card rate.

• TT buying rate: the rate at which Yes Bank buys foreign currency from you and pays out rupees. This applies when you receive an inward remittance.
• TT selling rate: the rate at which Yes Bank sells you foreign currency, used when you send money out.
• Card rate: used for the travel 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. To see how the rates 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: Yes Bank 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 travel card and cash carry a wider margin than TT rates, and a regular debit or credit card adds a 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.

If you bank with another private lender, the same spread-plus-card-markup pattern shows up in kotak mahindra bank forex rates, which is worth checking if you are comparing options.

The same pattern holds beyond private banks: a public-sector lender shows it in punjab national bank forex rates, and a foreign bank in India follows suit, as standard chartered forex rates show.

Two more private-sector options follow the same shape, so it is worth scanning axis bank forex rates and bandhan bank forex rates if either is your bank.

On the public-sector side, union bank forex rates and bank of maharashtra forex rates price inward transfers the same way.

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

Yes Bank 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.

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, the visible fee typically costs less than a bank's 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 Yes Bank, 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.

Yes Bank publishes its rate sheet every working day and revises it intraday. On 20 August 2026 its USD TT buying rate was ₹94.66, about 1.14% 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.