RemitFee

TT Buying · TT Selling · updated 9 Oct 2026

Kotak Mahindra Bank logo

Kotak Mahindra Bank Forex Rates Today

The telegraphic-transfer (TT) rates Kotak Mahindra Bank applies to SWIFT remittances — TT Selling when you send money abroad, TT Buying when you receive it — for all 18 currencies it quotes, with the change since earlier refreshes and a 90-day trend. Forex-card and cash rates are different columns and are not shown.

Source: Kotak Mahindra Bank Forex Rates page. INR per 1 unit. The bank quotes JPY per 100 units on its sheet; RemitFee shows every rate per 1 unit.

USD · TT Selling

₹98.3400

+0.7500 since 2 Oct

GBP · TT Selling

₹130.7700

+0.8500 since 2 Oct

EUR · TT Selling

₹110.9900

−0.0900 since 2 Oct

AED · TT Selling

₹27.3200

+0.2000 since 2 Oct

Full rate sheet

Spread = how much higher the selling rate is than the buying rate — the bank's round-trip margin. Change compares today's TT Selling with the last refresh at least a week earlier.

Currency TT Selling TT Buying Spread Change 90 days
USD · US Dollar 98.3400 95.0800 3.43% +0.77% since 2 Oct Kotak Mahindra Bank USD TT selling rate, last 90 days
EUR · Euro 110.9900 106.1300 4.58% −0.08% since 2 Oct Kotak Mahindra Bank EUR TT selling rate, last 90 days
GBP · Pound Sterling 130.7700 125.2900 4.37% +0.65% since 2 Oct Kotak Mahindra Bank GBP TT selling rate, last 90 days
AUD · Australian Dollar 69.2700 65.6300 5.55% +1.15% since 2 Oct Kotak Mahindra Bank AUD TT selling rate, last 90 days
CAD · Canadian Dollar 69.7000 66.0000 5.61% +0.97% since 2 Oct Kotak Mahindra Bank CAD TT selling rate, last 90 days
CHF · Swiss Franc 119.3100 113.6200 5.01% +1.48% since 2 Oct Kotak Mahindra Bank CHF TT selling rate, last 90 days
NZD · New Zealand Dollar 55.7200 52.9000 5.33% +0.63% since 2 Oct Kotak Mahindra Bank NZD TT selling rate, last 90 days
SGD · Singapore Dollar 77.1400 74.0000 4.24% +0.77% since 2 Oct Kotak Mahindra Bank SGD TT selling rate, last 90 days
HKD · Hong Kong Dollar 12.6700 11.9700 5.85% +0.72% since 2 Oct Kotak Mahindra Bank HKD TT selling rate, last 90 days
JPY · Japanese Yen 0.6313 0.5926 6.53% +0.85% since 2 Oct Kotak Mahindra Bank JPY TT selling rate, last 90 days
THB · Thai Baht (branch only) 2.9800 2.7800 7.19% +0.68% since 2 Oct Kotak Mahindra Bank THB TT selling rate, last 90 days
CNH · Chinese Yuan Offshore (branch only) 14.9200 14.0000 6.57% +1.02% since 2 Oct Kotak Mahindra Bank CNH TT selling rate, last 90 days
AED · UAE Dirham 27.3200 25.3400 7.81% +0.74% since 2 Oct Kotak Mahindra Bank AED TT selling rate, last 90 days
SAR · Saudi Riyal 26.5700 24.9500 6.49% +0.80% since 2 Oct Kotak Mahindra Bank SAR TT selling rate, last 90 days
KWD · Kuwaiti Dinar (branch only) 321.2700 306.3900 4.86% +0.67% since 2 Oct Kotak Mahindra Bank KWD TT selling rate, last 90 days
DKK · Danish Krone 15.0500 13.9900 7.58% −0.13% since 2 Oct Kotak Mahindra Bank DKK TT selling rate, last 90 days
SEK · Swedish Krona 10.0400 9.4000 6.81% +1.41% since 2 Oct Kotak Mahindra Bank SEK TT selling rate, last 90 days
ZAR · South African Rand 6.0400 5.6600 6.71% +0.17% since 2 Oct Kotak Mahindra Bank ZAR TT selling rate, last 90 days

1 unit to INR at Kotak Mahindra Bank today

  • 1 USD to INR at Kotak Mahindra Bank: ₹98.3400 when you send (TT Selling), ₹95.0800 when you receive (TT Buying). ₹1,00,000 buys 1016.88 USD before charges; USD 1,000 received is credited as ₹95,080 before GST.
  • 1 GBP to INR at Kotak Mahindra Bank: ₹130.7700 when you send (TT Selling), ₹125.2900 when you receive (TT Buying). ₹1,00,000 buys 764.70 GBP before charges; GBP 1,000 received is credited as ₹1,25,290 before GST.
  • 1 EUR to INR at Kotak Mahindra Bank: ₹110.9900 when you send (TT Selling), ₹106.1300 when you receive (TT Buying). ₹1,00,000 buys 900.98 EUR before charges; EUR 1,000 received is credited as ₹1,06,130 before GST.
  • 1 AED to INR at Kotak Mahindra Bank: ₹27.3200 when you send (TT Selling), ₹25.3400 when you receive (TT Buying). ₹1,00,000 buys 3660.32 AED before charges; AED 1,000 received is credited as ₹25,340 before GST.
  • 1 SGD to INR at Kotak Mahindra Bank: ₹77.1400 when you send (TT Selling), ₹74.0000 when you receive (TT Buying). ₹1,00,000 buys 1296.34 SGD before charges; SGD 1,000 received is credited as ₹74,000 before GST.
  • 1 CAD to INR at Kotak Mahindra Bank: ₹69.7000 when you send (TT Selling), ₹66.0000 when you receive (TT Buying). ₹1,00,000 buys 1434.72 CAD before charges; CAD 1,000 received is credited as ₹66,000 before GST.
  • 1 AUD to INR at Kotak Mahindra Bank: ₹69.2700 when you send (TT Selling), ₹65.6300 when you receive (TT Buying). ₹1,00,000 buys 1443.63 AUD before charges; AUD 1,000 received is credited as ₹65,630 before GST.

USD rate trend at Kotak Mahindra Bank

Over the last 24 refreshes (from 16 Jul) Kotak Mahindra Bank's USD TT Selling rate ranged from ₹96.6200 to ₹98.3600, and is +1.7200 (+1.78%) since 1 Sep.

Kotak Mahindra Bank USD TT selling and TT buying rates, last 90 days16 Jul: TT Selling ₹97.8900 · TT Buying ₹94.610020 Jul: TT Selling ₹98.0600 · TT Buying ₹94.790029 Jul: TT Selling ₹97.3500 · TT Buying ₹94.080031 Jul: TT Selling ₹97.0200 · TT Buying ₹93.75001 Aug: TT Selling ₹97.0200 · TT Buying ₹93.75004 Aug: TT Selling ₹96.9800 · TT Buying ₹93.71007 Aug: TT Selling ₹96.9000 · TT Buying ₹93.640024 Aug: TT Selling ₹97.3200 · TT Buying ₹94.05001 Sep: TT Selling ₹96.6200 · TT Buying ₹93.350011 Sep: TT Selling ₹97.4000 · TT Buying ₹94.130014 Sep: TT Selling ₹97.4000 · TT Buying ₹94.130021 Sep: TT Selling ₹97.3600 · TT Buying ₹94.090023 Sep: TT Selling ₹97.2600 · TT Buying ₹93.990024 Sep: TT Selling ₹97.4900 · TT Buying ₹94.220028 Sep: TT Selling ₹97.5300 · TT Buying ₹94.260029 Sep: TT Selling ₹97.7800 · TT Buying ₹94.510030 Sep: TT Selling ₹97.5600 · TT Buying ₹94.29001 Oct: TT Selling ₹97.5900 · TT Buying ₹94.32002 Oct: TT Selling ₹97.5900 · TT Buying ₹94.32005 Oct: TT Selling ₹97.8700 · TT Buying ₹94.60006 Oct: TT Selling ₹98.0500 · TT Buying ₹94.78007 Oct: TT Selling ₹98.0700 · TT Buying ₹94.80008 Oct: TT Selling ₹98.3600 · TT Buying ₹95.09009 Oct: TT Selling ₹98.3400 · TT Buying ₹95.080098.3693.3516 Jul9 Oct
TT Selling (when you send)TT Buying (when you receive)24 refreshes · INR per 1 USD · hover a point for its values

How far from the mid-market rate?

The mid-market rate is what Google shows. Banks quote a margin on each side of it; this table computes Kotak Mahindra Bank's margin from today's card rate and a live mid-market feed.

Compare with other banks

Today's TT Selling rate (INR per 1 unit) at every bank RemitFee tracks. A lower selling rate means more foreign currency for the same rupees.

Bank USDGBPEURAED
Kotak Mahindra Bank 98.3400130.7700110.990027.3200
HDFC Bank 98.3500131.4700110.790027.1300
ICICI Bank 98.1100131.4200110.890027.1600
State Bank of India 97.0500129.4300109.850026.9700
Indian Overseas Bank 96.8900128.4900108.980026.4800
Axis Bank 98.4500131.5500110.780027.1600

FAQ — Kotak Mahindra Bank forex rates

What is the TT buying rate at Kotak Mahindra Bank?

The TT (telegraphic transfer) buying rate is what Kotak Mahindra Bank pays you per unit of foreign currency when it converts an inward remittance into rupees. Today it is ₹95.08 per USD (sheet dated 9 Oct 2026). It sits below the mid-market rate; the gap is the bank's margin on receiving money, which never appears as a fee line on your statement.

What is the TT selling rate at Kotak Mahindra Bank?

The TT selling rate is what Kotak Mahindra Bank charges per unit of foreign currency when you send money abroad by SWIFT wire. Today it is ₹98.34 per USD (sheet dated 9 Oct 2026). It sits above the mid-market rate; that margin is the biggest single cost of most bank remittances, ahead of commission, SWIFT charges and GST.

Why is Kotak Mahindra Bank's rate different from the Google rate?

Google shows the mid-market (interbank) rate, which no retail customer gets. Kotak Mahindra Bank publishes a card rate with a margin on each side — typically 1–2% at Indian banks. The "vs mid-market" table on this page computes today's margin live so you can see exactly how much the rate costs you on top of the visible fees.

How often does Kotak Mahindra Bank update its forex rates?

Kotak Mahindra Bank publishes a fresh card rate every forex working day, usually in the morning, and can revise it during the day when the market moves. RemitFee records the published rate on each refresh (sheet dated 9 Oct 2026) and keeps the history behind the trend charts; the rate applied to your transfer is the one in force at the moment of debit.

Are these the same rates Kotak Mahindra Bank uses for forex cards and cash?

No. TT rates apply to wire remittances (SWIFT / telegraphic transfer). Forex card loads, currency notes and traveller's cheques are quoted in separate columns of the same sheet and are usually worse for the customer. RemitFee shows the TT columns only, because they are what an outward or inward remittance is converted at.

Does GST apply to Kotak Mahindra Bank's exchange rate?

GST is not charged on the rate itself. Instead, 18% GST is levied on a notional currency-conversion value fixed by slab under CGST Rule 32(2)(b) — a few hundred rupees on a typical transfer — and it appears as a separate line on the Kotak Mahindra Bank charges page. The rate you see here is the gross conversion rate before that GST line.

Where do these Kotak Mahindra Bank rates come from?

From Kotak Mahindra Bank's own published sheet — Kotak Mahindra Bank Forex Rates page (https://www.kotak.bank.in/en/rates/forex-rates.html), read on every refresh. The bank quotes JPY per 100 units on its sheet; RemitFee shows every rate per 1 unit. If a currency is missing on a given day, the previous day's value is kept rather than zeroed.

What the rate costs you in practice