See instantly how your rate compares to the best today
Best value today
$
USD, here's what each bank credits you after fees (where known) Best bank beats worst by ₹2.00/USD , or ₹2,250 more on $1,000
Today's best USD rate ₹95.44 is above the 7-day average ₹95.32. Rates have been rising.
Rate data for Union Bank of India is from Aug 20 and may not reflect today's rate
IOB had the best USD rate most often: 5 of 5 days since Aug 17
Volatility insight: Canara had the lowest rate volatility among the top 5 banks, varying by only ₹0.15 vs Bank of Baroda's ₹0.16
Banks apply the exchange rate at time of credit, not when the sender initiates the SWIFT transfer. A Friday wire may credit on Monday at a different rate.
| Bank | TT Buy (₹ / USD) | vs mid-market ⓘ | You receive (₹) | vs best | As of |
|---|---|---|---|---|---|
| Mid-market rate (XE / Google) | ₹95.7000 | reference | n/a | n/a | Live |
| RBI reference rate (FBIL) | ₹95.4263 | reference | n/a | n/a | Daily |
| SBIBest value in banks | 95.30▲ 0.10 | −0.4% | ₹95,300 | Aug 21 09:08 AM | |
| IOBBest rate 5 of 5 days | 95.44▲ 0.08 | −0.3% | ₹95,290 −₹150 fee | −₹10 | Aug 21 10:00 AM |
| Punjab National | 95.38▲ 0.11 | −0.3% | ₹95,280 −₹100 fee | −₹20 | Aug 21 09:00 AM |
| Canara | 95.33▲ 0.06 | −0.4% | ₹95,255 −₹75 fee | −₹45 | Aug 21 |
| Bank of Baroda | 95.14▲ 0.02 | −0.6% | ₹95,140 | −₹160 | Aug 21 09:00 AM |
| Union Bank of India | 95.31▼ 0.10 | −0.4% | ₹95,060 −₹250 fee | −₹240 | Aug 20 09:15 AM |
| Bandhan | 95.04▲ 0.05 | −0.7% | ≈₹95,040 | −₹260 | Aug 21 09:15 AM |
| J&K Bank | 95.15▲ 0.10 | −0.6% | ₹94,900 −₹250 fee | −₹400 | Aug 21 12:00 AM |
| KVB | 94.93▲ 0.05 | −0.8% | ₹94,730 −₹200 fee | −₹570 | Aug 21 09:00 AM |
| City Union | 94.70▲ 0.10 | −1.0% | ₹94,700 | −₹600 | Aug 21 10:00 AM |
| IDBI | 94.15 | −1.6% | ₹94,150 | −₹1,150 | Aug 21 |
| Kotak Mahindra | 94.05▲ 0.05 | −1.7% | ≈₹94,050 | −₹1,250 | Aug 21 |
| ICICI | 93.99▲ 0.07 | −1.8% | ≈₹93,990 | −₹1,310 | Aug 21 09:15 AM |
| Ujjivan | 94.26▲ 0.07 | −1.5% | ₹93,965 −₹295 fee | −₹1,335 | Aug 21 09:00 AM |
| IDFC FIRST | 93.96▲ 0.06 | −1.8% | ₹93,960 | −₹1,340 | Aug 21 09:08 AM |
| HDFC | 93.94▲ 0.04 | −1.8% | ₹93,940 | −₹1,360 | Aug 21 09:23 AM |
| DCB | 93.89▲ 0.04 | −1.9% | ≈₹93,890 | −₹1,410 | Aug 21 09:30 AM |
| DBS | 93.78▲ 0.06 | −2.0% | ₹93,781 | −₹1,519 | Aug 21 11:45 AM |
| Citibank | 93.76▲ 0.07 | −2.0% | ≈₹93,762 | −₹1,538 | Aug 21 09:05 AM |
| Axis | 94.05▲ 0.07 | −1.7% | ₹93,755 −₹295 fee | −₹1,545 | Aug 21 09:20 AM |
| HSBC | 93.87▲ 0.05 | −1.9% | ₹93,516 −₹354 fee | −₹1,784 | Aug 21 10:10 AM |
| RBL Bank | 93.30▲ 0.07 | −2.5% | ₹93,050 −₹250 fee | −₹2,250 | Aug 21 09:00 AM |
| Remittance platforms Rate applied to your transfer, no deduction on recipient side | |||||
| RemitlyBest value in platforms | 95.97▼ 0.06 | −-0.3% | ₹95,970 | +₹670 | Aug 22 05:41 AM |
| Skydo | 95.68▼ 0.05 | −0.0% | ₹95,684 | +₹384 | Aug 22 11:10 AM |
Published retail TT Buy rates. Corporate and HNI rates are negotiated separately and may differ.
Historical TT Buy rate
Saturdays & Sundays: banks closed, platforms may differ
| Date | Remitly | Mid-market | Skydo | IOB | Punjab National | Canara | Union Bank of India | SBI | J&K Bank | Bank of Baroda | Bandhan | KVB | City Union | Ujjivan | IDBI | Axis | Kotak Mahindra | ICICI | IDFC FIRST | HDFC | DCB | HSBC | DBS | Citibank | RBL Bank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 Aug | 95.97 | — | 95.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 21 Aug | 96.03 | 95.70 | 95.74 | 95.44 | 95.38 | 95.33 | — | 95.30 | 95.15 | 95.14 | 95.04 | 94.93 | 94.70 | 94.26 | 94.15 | 94.05 | 94.05 | 93.99 | 93.96 | 93.94 | 93.89 | 93.87 | 93.78 | 93.76 | 93.30 |
| 20 Aug | 95.89 | 95.71 | 95.63 | 95.36 | 95.27 | 95.27 | 95.31 | 95.20 | 95.05 | 95.12 | 94.99 | 94.88 | 94.60 | 94.19 | — | 93.98 | 94.00 | 93.92 | 93.90 | 93.90 | 93.85 | 93.82 | 93.72 | 93.69 | 93.23 |
| 19 Aug | 96.17 | 95.76 | 95.72 | 95.49 | 95.46 | 95.39 | 95.41 | 95.30 | 95.15 | 95.25 | 95.08 | 94.98 | 94.75 | — | 94.20 | 94.08 | 94.09 | 94.05 | 94.00 | 93.99 | 93.94 | 93.91 | 93.82 | 93.81 | 93.34 |
| 18 Aug | 96.10 | 95.69 | 95.67 | 95.41 | 95.36 | 95.33 | — | 95.25 | 95.10 | 95.18 | 95.01 | 94.92 | 94.70 | — | 94.14 | 94.01 | 93.97 | 93.97 | 93.94 | 93.92 | 93.87 | 93.84 | 93.75 | 93.72 | 93.27 |
| 17 Aug | 96.04 | 95.61 | 95.48 | 95.31 | 95.19 | 95.23 | — | 95.10 | 95.00 | 95.09 | 94.89 | 94.78 | 94.50 | 94.14 | — | 93.92 | 93.87 | 93.84 | 93.77 | 93.78 | 93.78 | 93.73 | 93.65 | 93.57 | — |
| 16 Aug | — | — | 95.55 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 15 Aug | 95.86 | — | 95.58 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Saturdays & Sundays: banks closed, platforms may differ
Rate percentile signal
Where each bank's rate today sits in its own recent history — spot who's unusually high or low right now
Sort:
| Bank | Today | Position in 90d history | 90d range | Signal |
|---|---|---|---|---|
| SBI | ₹95.30 | ₹94.50 – ₹95.30 | Unusually high | |
| DCB | ₹93.89 | ₹93.24 – ₹93.94 | Unusually high | |
| IDFC FIRST | ₹93.96 | ₹93.26 – ₹94.00 | Unusually high | |
| Punjab National | ₹95.38 | ₹94.63 – ₹95.46 | Unusually high | |
| RBL Bank | ₹93.30 | ₹92.59 – ₹93.34 | Unusually high | |
| Ujjivan | ₹94.26 | ₹93.54 – ₹94.30 | Unusually high | |
| Kotak Mahindra | ₹94.05 | ₹93.32 – ₹94.09 | Unusually high | |
| J&K Bank | ₹95.15 | ₹94.55 – ₹95.20 | Unusually high | |
| Union Bank of India | ₹95.31 | ₹94.65 – ₹95.41 | Unusually high | |
| Axis | ₹94.05 | ₹93.40 – ₹94.08 | Unusually high | |
| Canara | ₹95.33 | ₹94.63 – ₹95.39 | Unusually high | |
| HDFC | ₹93.94 | ₹93.25 – ₹94.01 | Unusually high | |
| ICICI | ₹93.99 | ₹93.28 – ₹94.05 | Unusually high | |
| Bandhan | ₹95.04 | ₹94.32 – ₹95.13 | Unusually high | |
| HSBC | ₹93.87 | ₹93.17 – ₹93.92 | Unusually high | |
| KVB | ₹94.93 | ₹94.22 – ₹95.00 | Unusually high | |
| Citibank | ₹93.76 | ₹93.06 – ₹93.81 | Unusually high | |
| DBS | ₹93.78 | ₹93.08 – ₹93.84 | Unusually high | |
| IOB | ₹95.44 | ₹94.72 – ₹95.49 | Unusually high | |
| City Union | ₹94.70 | ₹93.95 – ₹94.75 | Above average | |
| Bank of Baroda | ₹95.14 | ₹94.49 – ₹95.25 | Above average | |
| IDBI | ₹94.15 | ₹93.63 – ₹94.20 | Above average |
Percentile is where today's rate sits within the bank's own 90-day history. Banks with fewer than 5 qualifying days are excluded.
All-time leaderboard
Ranked by wins — which USD bank has had the best rate most often, and by how much
Jul 29 – Aug 21 · 18 qualifying days
| # | Bank | Wins | Win % | Avg rate | Best ever |
|---|---|---|---|---|---|
| 1 | IOB | 14 | 77.8% | ₹95.15 | ₹95.49 |
| 2 | Punjab National | 4 | 22.2% | ₹95.09 | ₹95.46 |
| 3 | Axis | 0 | 0.0% | ₹93.78 | ₹94.08 |
| 4 | SBI | 0 | 0.0% | ₹95.01 | ₹95.30 |
| 5 | Bank of Baroda | 0 | 0.0% | ₹94.92 | ₹95.25 |
| 6 | Canara | 0 | 0.0% | ₹95.07 | ₹95.39 |
| 7 | HDFC | 0 | 0.0% | ₹93.68 | ₹94.01 |
| 8 | ICICI | 0 | 0.0% | ₹93.73 | ₹94.05 |
| 9 | Kotak Mahindra | 0 | 0.0% | ₹93.79 | ₹94.09 |
| 10 | IDBI | 0 | 0.0% | ₹93.92 | ₹94.20 |
| 11 | Bandhan | 0 | 0.0% | ₹94.77 | ₹95.13 |
| 12 | City Union | 0 | 0.0% | ₹94.44 | ₹94.75 |
| 13 | HSBC | 0 | 0.0% | ₹93.60 | ₹93.92 |
| 14 | J&K Bank | 0 | 0.0% | ₹94.88 | ₹95.20 |
| 15 | KVB | 0 | 0.0% | ₹94.66 | ₹95.00 |
| 16 | Citibank | 0 | 0.0% | ₹93.49 | ₹93.81 |
| 17 | Ujjivan | 0 | 0.0% | ₹93.97 | ₹94.30 |
| 18 | DCB | 0 | 0.0% | ₹93.63 | ₹93.94 |
| 19 | IDFC FIRST | 0 | 0.0% | ₹93.69 | ₹94.00 |
| 20 | DBS | 0 | 0.0% | ₹93.52 | ₹93.84 |
| 21 | RBL Bank | 0 | 0.0% | ₹92.98 | ₹93.34 |
| 22 | Union Bank of India | 0 | 0.0% | ₹95.01 | ₹95.41 |
Wins = days with the highest USD TT Buy rate. Only days where a majority of banks reported are counted. Click headers to sort.
Best bank per day
Which bank had the highest USD TT Buy rate each day
August 2026
IOB12d
Punjab National3d
SBI1d
No data
Cost of not shopping around
Fee-adjusted spread between the best and worst bank on USD transfers each day
Today's spread₹2,250
Period average₹2,189
Peak spread₹2,370
Fee-adjusted spread on USD 1,000. Dashed line = period average. Days with fewer than half of banks reporting are excluded.
Markup below mid-market
How much each USD bank's TT Buy rate falls below mid-market — lower gap means a more competitive rate
Banks shown (5/5):
Gap = mid-market rate − bank's TT Buy rate. Lower gap means the bank offers a more competitive rate. Zero line = on par with mid-market. Only days where mid-market data is available are plotted.
What if?
Pick any past date to replay the rates and see what you'd have received
August 17, 2026 · 5 days ago Mid-market₹95.61₹95,610 for $1,000
| Bank | Rate (₹/USD) | You receive |
|---|---|---|
| Mid-market | 95.61 | ₹95,610 |
| IOB | 95.31 | ₹95,160 |
| Canara | 95.23 | ₹95,158 |
| SBI | 95.10 | ₹95,100 |
| Bank of Baroda | 95.09 | ₹95,090 |
| Punjab National | 95.19 | ₹95,090 |
| Bandhan | 94.89 | ₹94,890 |
| J&K Bank | 95.00 | ₹94,750 |
| KVB | 94.78 | ₹94,580 |
| City Union | 94.50 | ₹94,500 |
| Kotak Mahindra | 93.87 | ₹93,870 |
| Ujjivan | 94.14 | ₹93,845 |
| ICICI | 93.84 | ₹93,840 |
| DCB | 93.78 | ₹93,780 |
| HDFC | 93.78 | ₹93,780 |
| IDFC FIRST | 93.77 | ₹93,770 |
| DBS | 93.65 | ₹93,649 |
| Axis | 93.92 | ₹93,625 |
| Citibank | 93.57 | ₹93,567 |
| HSBC | 93.73 | ₹93,376 |
Currency optimizer
Enter your INR target to see the minimum your sender needs to wire in each currency.
| Currency | Best bank | TT Buy | To send |
|---|---|---|---|
| USD | IOB | ₹95.44 | $1,573.24 |
| GBP | Punjab National | ₹129.99 | £1,154.70 |
| EUR | IOB | ₹111.39 | €1,347.97 |
| AED | Union Bank of India | ₹25.93 | AED 5,794.45 |
Bank head-to-head
Pick two banks and see which one gives you more across all currencies
| Currency | Punjab National | IOB | Advantage |
|---|---|---|---|
| USD1,000 $ | ₹95.38₹95,280 | ₹95.44₹95,290 | +₹10 |
| GBP800 £ | ₹129.99₹1,03,892 | ₹129.96₹1,03,818 | +₹74 |
| EUR900 € | ₹111.27₹1,00,043 | ₹111.39₹1,00,101 | +₹58 |
| AED3,600 AED | ₹25.85₹92,960 | ₹25.85₹92,910 | +₹50 |
Punjab National wins GBP and AED. IOB wins USD and EUR.
Cumulative savings calculator
How much more you'd have received if you'd used a different bank every day
Select your bank above to see potential savings.