The exact SBI telegraphic transfer buying rate your income-tax return needs — for foreign salary, RSUs, capital gains, dividends and every Schedule FA table — with the correct date rule applied for you under Rule 115 (and new Rule 206 of the Income-tax Act 2025 regime).
Choose what you are converting — the tool works out the specified date under the rule and pulls SBI's card for it.
| Specified date (Rule 115) | |
| SBI card actually used | |
| Quoted per | |
| INR per 1 unit |
The Income-tax Act, 2025 (effective 1 April 2026) renumbered the conversion rule — Rule 115 of the 1962 Rules becomes Rule 206 of the Income-tax Rules, 2026, and the TTBR definition moves from Rule 26 to Rule 207. Same SBI TT buying rate, same specified dates — only the numbering changed.
| # | Income source / head | Specified date (rate to use) | Old provision | New provision |
|---|---|---|---|---|
| 1 | Salaries — including RSU / ESOP perquisite | Last day of the month immediately preceding the month in which salary is due, or is paid in advance/arrears | Rule 115(1), Expl. cl. (2)(a) | Rule 206(1), cl. (a) |
| 2 | Interest on securities | Last day of the month immediately preceding the month in which the income is due | Expl. cl. (2)(b) | Rule 206, cl. (b) |
| 3 | House property / business or profession (general) / other sources (not dividends, not interest on securities) — includes ordinary foreign bank interest | Last day of the previous year — i.e. 31 March | Expl. cl. (2)(c) | Rule 206, cl. (c) |
| 4 | Business of shipping — non-resident operators | Last day of the month immediately preceding the month in which the income is deemed to accrue/arise in India | Expl. cl. (2)(d) | Rule 206, cl. (d) |
| 5 | Dividends | Last day of the month immediately preceding the month in which the dividend is declared, distributed or paid | Expl. cl. (2)(e) | Rule 206, cl. (e) |
| 6 | Capital gains — sale consideration | Last day of the month immediately preceding the month in which the capital asset is transferred | Expl. cl. (2)(f) | Rule 206, cl. (f) |
| 7 | Capital gains — cost of acquisition (if originally bought in foreign currency) | Same logic as row 6, applied at the month of purchase (at entry, not exit) | Rule 115(1) by extension | Rule 206(1) by extension |
| 8 | Any of rows 1–6, where tax was deducted at source | Overrides the above — use the date on which tax was required to be deducted (TDS date) | Proviso, read with Rule 26 | Proviso to Rule 206, read with Rule 207 |
| 9 | House property / business / other-sources income actually received in or brought into India before its specified date (under FEMA) | The rule doesn't apply at all — use the actual rate on the date of receipt/remittance | Rule 115(2) | Rule 206(2) |
| 10 | Non-resident's capital gains on shares in, or debentures of, an Indian company | Separate two-step mechanism — first leg converts cost/consideration into the original foreign currency of investment, then back to INR | Rule 115A (not Rule 115) | Successor rule — confirm final 2026 numbering before filing |
| 11 | Foreign tax credit (FTC) claimed under a DTAA | TT buying rate on the date the foreign tax was actually paid | Rule 128 (separate FTC rule) | Successor FTC rule under 2026 numbering |
| 12 | Schedule FA — peak balance of a foreign account | Rate on the date the peak occurred (not month-end, not 31 March) | Schedule FA instructions | Same instructions carry forward |
| 13 | Schedule FA — value of a foreign investment on acquisition | Rate on the date of investment | Schedule FA instructions | Same instructions carry forward |
| 14 | Schedule FA — foreign-sourced income during the year | Rate on the closing date of the calendar year (31 December) | Schedule FA instructions | Same instructions carry forward |
| 15 | Schedule FA — closing balance of a foreign account | Rate on 31 December (closing date of the reporting period) | Schedule FA instructions | Same instructions carry forward |
Schedule FA ("Foreign Assets") in ITR-2 and ITR-3 reports foreign assets and income held at any time during the calendar year ending 31 December — not the Indian financial year. It applies to residents (ROR); non-residents and RNORs are exempt. Every rupee figure in it is converted at the SBI TT buying rate on the date shown in each card below.
Your foreign bank accounts — savings, current, deposits — held at any time during the calendar year, including any beneficial interest. Report the account details, opening date, peak balance, closing balance and interest credited.
Peak → rate on peak date · Closing → 31 Dec rateAccounts where a custodian holds assets for you — typically your foreign brokerage account (Schwab, Fidelity, Interactive Brokers, Vested, INDmoney). Report peak value, closing value and any interest/dividend/sale proceeds credited to the account.
Peak → rate on peak date · Closing → 31 Dec rateShares and debt you hold directly in a foreign entity — vested RSUs, ESPP shares, foreign stocks and bonds. Report the initial investment value, peak value, closing value and income earned (dividends, sale gains).
Initial → rate on investment date · Peak/Closing as aboveForeign life insurance with cash value or annuity contracts. Report the cash/surrender value of the contract during the year.
Value → SBI TT buy rate on the relevant dateOwnership or financial interest in a foreign business entity — a partnership stake, LLC membership, substantial shareholding where you control or benefit from the entity — including beneficial interest held through someone else.
Investment → rate on investment date · Income → rate per its natureHouse, flat, land or commercial property outside India, including jointly-owned and beneficially-held property. Report acquisition date, total investment and any income (e.g. rent) from it.
Investment → rate on acquisition dateForeign capital assets not covered above — vehicles, art, jewellery, crypto held on a foreign exchange or foreign-custody wallet (as commonly reported), loans given abroad. Report investment value and income derived.
Investment → rate on acquisition dateAccounts you can operate but don't own — e.g. you are an authorised signatory on your foreign employer's account, or a relative's account — and which are not already reported in A to D.
Peak/Closing balances at the same TT buy datesTrusts created under foreign law where you are a trustee, beneficiary or settlor. Report the trust's details, the other parties, and whether income was derived.
Values at SBI TT buy on the relevant datesForeign income not captured in A to F — or income taxable under business/profession — e.g. foreign freelance income, royalties, prizes. Report the payer, nature of income and amount.
Income during the year → 31 Dec rate (per FA instructions)Generated live from our database — every file already includes the latest card SBI has published. Dates are DD-MM-YYYY. Two flavours per currency: the full rate card (all eight SBI rates per day) and a clean TT-Buy-only series for direct use in your working sheet.
| Currency | Coverage | Full rate card | TT Buy only |
|---|---|---|---|
| Loading… | |||
Need another currency's history as a file? We archive 30+ currencies daily — write to us and we'll add it to this table.
Every rate above is backed by the actual SBI FOREX CARD RATES PDF we captured that day, stored in our own archive. Keep the dated card on file with your ITR working papers.
| Income | Event | Specified date | Rate used |
|---|---|---|---|
| US salary credited | Due for February 2026 | 31 January 2026 | USD TT Buy of 31-01-2026 |
| RSU vesting (perquisite) | Vested 15 February 2026 | 31 January 2026 | USD TT Buy of 31-01-2026 |
| US stock sold | Sold 12 February 2026 | 31 January 2026 | USD TT Buy of 31-01-2026 |
| Foreign bank interest | Credited during FY 2025-26 | 31 March 2026 | TT Buy of 31-03-2026 |
| Schedule FA closing balance | Calendar year 2025 | 31 December 2025 | TT Buy of 31-12-2025 (or last card before it) |
This is a reference tool, not a filing position. Schedule FA in particular has specific rules on which balance to report and which date governs it. If you are not sure what applies to your facts, a short call with a CA resolves it faster than second-guessing the sheet — talk to an expert.
It is the rate at which the State Bank of India buys foreign currency received through a telegraphic transfer — one of eight rates SBI publishes each working day on its FOREX CARD RATES sheet, alongside Bill, Forex Travel Card and Currency Notes rates. The Explanation to Rule 26 of the Income-tax Rules, 1962 defines the "telegraphic transfer buying rate" as the rate of exchange adopted by the State Bank of India for buying such currency, having regard to RBI guidelines. Rule 115 adopts that same definition for converting foreign income into rupees.
The mechanism is identical; only the numbering changed. From 1 April 2026, the Income-tax Act, 2025 replaces the 1961 Act, and the Income-tax Rules, 2026 replace the 1962 Rules. The conversion rule becomes Rule 206, borrowing the TTBR definition from Rule 207 (previously Rule 115 borrowed it from Rule 26). Income of FY 2025-26 and earlier follows old Rule 115; income of FY 2026-27 onward follows new Rule 206. The rate is still SBI's TT buying rate on the same specified dates — this tool serves both regimes.
TT Buy. The same applies whether you are converting foreign salary, dividends or a foreign bank balance.
No — and there is no longer an RBI reference rate at all. The Reserve Bank stopped computing it with effect from July 2018; FBIL has published the reference rate since. That benchmark is a different number from a different institution, and the Income-tax Rules do not use it. They use SBI's TT buying rate.
The TT buying rate as on the last day of the month immediately preceding the month in which the salary became due, or was paid in advance or in arrears. The same date applies to an RSU or ESOP perquisite, which is taxed as salary.
Each figure takes the rate on its own relevant date. The peak balance is converted at the rate as on the date the peak occurred — not the 31 December rate. The value of an investment takes the rate on the investment date. Foreign-sourced income such as interest is converted at the rate on the closing date of the calendar year. The closing balance is converted at the 31 December rate, that being the closing date of the reporting period. Schedule FA follows the calendar year ending 31 December, not the Indian financial year, and it appears only in ITR-2 and ITR-3.
Ordinary foreign bank interest is not "interest on securities" — it falls under income from other sources, which takes the rate of the last day of the previous year, i.e. 31 March. This is the most commonly missed classification in the whole rule.
The rule fixes the date and is silent on what happens when SBI dealt no telegraphic transfer that day. There is no CBDT circular or ruling prescribing a fallback. The common and defensible practice — and the one this tool follows — is to take the last preceding date on which SBI actually published a TT buying rate, applied consistently, with the dated card retained on file.
SBI publishes a card on many Saturdays but quotes 0.00 against every currency — the forex desk isn't dealing. A zero is not a rate; treating it as one would wipe out your income. This archive records such days as "no card published" and the lookup steps back to Friday's card automatically.
Google shows an indicative interbank mid-market rate. The rule requires the SBI telegraphic transfer buying rate on the specified date — a specific published figure, and usually a lower one, since it is the rate at which a bank buys your currency. Use a Google rate and you have converted at a number no rule supports; in scrutiny, the first question is which rate you used and why.
SBI quotes Japanese Yen — like Thai Baht, Korean Won and Indonesian Rupiah — per 100 units. A card showing 55.00 for JPY means ₹55 per 100 yen, i.e. ₹0.55 per yen. Divide by 100 before multiplying by a yen amount. The lookup above shows both the card figure and the per-1-unit value, and converts correctly.
Yes. The first card usually appears between 9:00 and 10:00 AM and SBI may reissue it during the day when the market moves. Month-end and quarter-end days see this most. This archive captures the day's later card and flags such days as revised, so the figure you cite matches SBI's final card.
Sources: Rule 115 and Rule 26, Income-tax Rules 1962; Income-tax Act 2025 & Income-tax Rules 2026 (Rule 206/207) — incometaxindia.gov.in · SBI daily FOREX CARD RATES PDF — sbi.bank.in (each archived card links to the copy we captured that day) · RBI press release discontinuing the RBI reference rate (FBIL transition) — rbi.org.in
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