How Much Recipient Gets (₹1,00,000 → USD)
| Particulars | Amount |
|---|---|
| Amount you send: | ₹1,00,000 |
| Fixed bank fee: | ₹953.29 |
| FX markup: | ₹494.2 |
| GST: | ₹351.59 |
| Estimated total cost incl. GST: | ₹1,799.08 |
| Recipient Gets (USD): | $1,033.89 |
Updated 26 May 2026, 5:00 pm IST
State Bank of India Forex Rates Today
See what rate SBI gives, what market rate shows, and how much that difference can cost you.
State Bank of India₹1,00,000 sample transfer
You lose approximately
₹1,440.37
compared to the market exchange rate.
This is the estimated difference caused by SBI's forex markup and fees for a ₹1,00,000 transfer.
Via SBI (USD)
$1,033.89
At market rate (USD)
$1,049.00
SBI TT sell
95.80
Mid-market rate
95.33
- Google/XE Market Rate:
- 95.33
- SBI TT Sell Rate:
- 95.80
- Difference:
- +0.49%
Last updated: 26 May 2026, 5:00 pm IST
Source: SBI public treasury / forex page + Prism calculations.
Note: Rates are indicative and may change during market hours.
Indicative estimates only. Final amount may vary based on time. Excludes TCS and correspondent bank charges.
GST is an estimate based on Rule 32(2)(b) slab method and fixed bank fees; final GST may vary by provider valuation method, and the provider's final invoice is authoritative.
Understanding the Numbers
TT Sell is the rate SBI uses
This is the rate SBI uses when sending money abroad. Higher rate means fewer dollars for you.
Mid-market is the Google/XE rate
This is the market exchange rate you usually see on Google or XE.
Spread is the hidden extra cost
Banks usually do not use the exact Google rate. They add a small markup on top.
Total charges show true cost
Fixed fee + FX markup + GST together decide your final value.
How to Get Better Rates
Compare recipient amount, not just rate
The best option is the one that sends more USD after all charges.
Transfer when market is active
During active FX hours, spreads may tighten and improve your payout.
Ask for better pricing on larger amounts
For bigger transfers, ask for negotiated rate or fee waiver.
Confirm final credit before payment
Check exact USD credit and charges before you initiate transfer.
Why SBI Forex Rate Differs From Google
- Google/XE rate: usually shows the mid-market benchmark.
- SBI rate: bank usually applies a small markup above market rate.
- Charges: transfer fee and GST are added separately.
- Result: recipient usually gets less than pure market conversion.
FAQs
-
What is SBI TT sell rate?
It is the rate SBI uses to convert INR to foreign currency for outward remittance.
-
Why is SBI forex rate different from Google?
Google usually shows mid-market rate. Banks add markup, fees, and GST, so final payout differs.
-
Does SBI charge forex markup?
Yes, the spread above mid-market acts as FX markup and affects your recipient amount.
-
What charges apply for outward remittance?
Typical charges include fixed transfer fee, FX markup, GST, and sometimes intermediary bank charges.
-
How to compare SBI forex rates?
Compare recipient amount after all charges, not just headline exchange rate.