Bank question
Kollipara Sundaraiah (B.com) (2984 Points)
25 January 2021
what is the meaning of Buying and selling rate for SBI TT.
1 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 25 January 2021
TT buying rate indicates the rate at which bank convert rate indicates the rate at which bank convert foreign inward remittance to NRI where's as TT selling rate indicates the rate at which the bank sends an outward remittance through telegraphic transfer.
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