SBI TTBR Rate — Full Form, Today's Rate & History (USD/INR)

5 min read · Content updated July 2026 · Applies to Schedule FA for AY 2025-26 and AY 2026-27

Updated 28 Aug 2026 — rates refresh automatically as SBI publishes them

The SBI Telegraphic Transfer Buying Rate (TTBR) — also called the TT Buying Rate — is the exchange rate CBDT's own ITR filing instructions require for every INR value in Schedule FA. Look up the rate for any date since 1998, free.

What is SBI TTBR? Full form and meaning

TTBR full form: Telegraphic Transfer Buying Rate. It's the rate State Bank of India credits when it buys foreign currency via wire (telegraphic) transfer — commonly shortened to the "TT Buying Rate". CBDT's own ITR-2/ITR-3 filing instructions make this specific rate mandatory for converting every USD value in Schedule FA to INR, on the exact event date.

TTBR

Telegraphic Transfer Buying Rate — SBI's rate for buying foreign currency via wire transfer.

TT Buying Rate

Same as TTBR — the common long-form name used interchangeably with the acronym.

Schedule FA rate rule

The rule that mandates SBI TTBR (not RBI's reference rate), on the exact event date, for Schedule FA conversions. Often miscited as Income-tax Rule 115 — a separate provision that governs computing foreign-sourced income, not asset disclosure, and uses the preceding month's rate instead.

December 31 rates — for Schedule FA closing balances

The Table A2/A3 closing balance converts at the SBI TTBR on December 31 of the calendar year you're reporting.

Got more than one lot closing out this way? The Schedule FA generator pulls the Dec 31 TTBR for every holding automatically and drops it straight into Table A2/A3 — no manual row-by-row lookup.

Month-end rates — 2025 to 2026

Useful for approximating peak-balance months. For acquisition dates (vests, ESPP purchases), use the exact-date lookup above.

SBI TTBR vs TTSR vs RBI reference rate

CBDT's Schedule FA filing instructions specifically require SBI's TTBR — not TTSR, and not the RBI reference rate. Full explanation of why → SBI TTBR Rule 115 guide.

Why this rate, and why the exact date

CBDT's own ITR-2/ITR-3 filing instructions fix the exchange rate for valuing foreign assets in Schedule FA: the SBI telegraphic transfer buying rate on the date of the event. For Schedule FA that means the vest or purchase date for each lot's initial value, December 31 for closing balances, and the credit or sale date for income and proceeds. This is often miscited as Income-tax Rule 115 or Black Money Act Rule 3 — both real, both different: Rule 115 governs converting foreign salary/dividend/capital-gains income for tax computation using the last day of the preceding month, and Black Money Act Rule 3 governs valuing undisclosed assets at the RBI rate on a fixed 1 April date for tax assessment, not annual disclosure. The Income Tax Department's own Step-by-Step Guide to Fill FSI, TR, and FA Schedule states this exact-date rule directly, without citing either numbered rule. Full explanation in our Rule 115 guide.

FAQ

Related guides

• SBI TTBR Rate & Rule 115 explained in depth
• Calendar year vs financial year in Schedule FA
• How to file Schedule FA — complete guide