: The rate at which a bank buys foreign currency from you (an inflow) and converts it into your local currency.
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: TT rates apply to funds already cleared with the bank, whereas On Demand (OD) rates may apply otherwise. : The rate at which a bank buys
: TT is considered one of the fastest modes of electronic money transfer . 2. Shopping/Social Media: TikTok Engagement (Do this Instead) : TT rates apply to
: The rate used when you buy foreign currency from the bank to send abroad.
: If you receive a remittance from abroad (e.g., USD sent to an INR account), the bank applies the "TT Buying" rate to credit your account. Key Distinctions :