State Bank Of India USD TT Selling Rate

Hi buddy I heard State Bank Of India TT Selling Card Rate refers to the Exchange rate like USD, Euro and GBP??

[shikha]

State Bank of India is an Indian multinational, public sector banking and financial services company

Yes TT Selling Card Rate refers to the Exchange rate for conversion from INR to Foreign Currency for ready transactions upto Rs 5.00 lacs, as outward remittances, In 3 currencies viz. USD, Euro and GBP, to be converted at the applicable TT Selling Card Rate on the day of effecting the transaction.

USD 10 equivalent in INR applicable at Banks T.T. Selling Card Rate for the day (rounded to the nearest Rupee) plus applicable Statutory Service Tax, to be recovered up-front at the time of submission of application form, covering all inclusive cost upto the Bank of the Beneficiary only.

Bank profile :

Type Public company
Traded as NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded 2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956,[1] nationalization
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Arundhati Bhattacharya
(Chairperson)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards,
Revenue 2.7287103 trillion (US$41 billion) (2016)
Profit 127 billion (US$1.9 billion) (2016)
Total assets 20.480 trillion (US$300 billion) (2014-15)
Owner Government of India
Number of employees 293,459 (2016)