Punjab National Bank offers a wide range of services and products for its customers, including education loans and currency exchange services. PNB forex rates are competitive and calculated via their exchange rate calculator, making it one of the best banks that exchange foreign currency. The forex rates keep on changing due to various factors like demand and supply, economic conditions, etc. To know more about PNB Forex rates, read this blog further.
What are PNB Forex Rates?
PNB Forex rates are the rates at which the banks list the exchange rates of various currencies. These are updated regularly because currency exchange rate calculation consider many external factors like money supply, interest rates, and financial stability in the country.
To know the exact PNB Forex rates, you can use the PNB exchange calculator. You simply need to enter the amount in GBP and you’ll get the equivalent amount in INR. As of now, only GBP and INR Forex rates can be known via their website.
Here’s the list of PNB Forex rates on 12 currencies that can be exchanged via Punjab National Bank. Please note that these rates are applicable as of 1 July 2024.
| Foreign Currency | Buying Rate | Selling Rate |
| USD | 82.16 | 84.57 |
| EUR | 87.47 | 91.54 |
| GBP | 103.36 | 107.42 |
| AUD | 54.34 | 56.78 |
| CAD | 59.72 | 62.15 |
| NZD | 49.60 | 52.04 |
| JPY | 50.54 | 52.95 |
| SGD | 60.29 | 62.70 |
| CHF | 91.44 | 93.89 |
| SEK | 7.51 | 8.19 |
| HKD | 10.30 | 10.97 |
| AED | 22.33 | 23.01 |
Note: The above-mentioned table shows the rate mentioned by the bank on the specific date. Please check with the bank the current rate at the time of exchanging currency.
PNB Currency Exchange
PNB currency exchange services can be availed from the bank. You can buy and sell foreign currency in 12 global currencies. These are USD, EUR, GBP, AUD, CD, NZD, JPY, SGD, CHF, SEK, HKD, and AED. These can be availed at competitive rates PNB forex rates that are listed regularly on their official website.
- The bank caters extensively to fulfil the needs of importers, exporters, and travellers.
- PNB Forex rates in Treasury Bills are also listed on their website.
- The bank also offers its PNB international money transfer services, enabling international students and its users to make money transfers easily at competitive rates.
- Since you can only carry up to USD 3000 in cash when travelling abroad, you can load the rest of the foreign currency in a PNB Multi-Currency World Travel Card.
Also Read: Check out the Best Ways to Exchange Currency without losing your money.
PNB Forex Rates for FX-Trading
The retail customers of the banks can use the FX-Retail platform, a trading platform for buying and selling foreign currency. Customers can simply access the platform to purchase or sell USD against INR for delivery on a cash basis, tom basis, or spot basis. However, one is advised to stay aware of Forex scams.
- Certain conditions must be met to indulge in FX trading.
- There is no cap on the minimum or maximum number of transactions that can be made in a day.
- The amount of the transaction shall be subject to the limit set by the bank. The size of the single transaction must not exceed USD 5 million.
| One-time customer registration charges | For individuals- INR 300For non-individuals- INR 1000 |
| Transactions up to USD 50,000 in a day | NIL |
| Transactions above USD 50,000 in a day | 0.0004% on the entire Transaction value in INR terms + GST |
Also Read: Every study abroad student must know about how to navigate currency exchange risks. Check out our blog to learn about management tips in detail.
This was all about PNB Forex rates. To know the exact exchange rate, you should visit the official website of the bank as they update the forex rates regularly.
To know more about education loans, the best bank accounts for students, forex cards, and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
PNB Forex rates are the rates at which the banks list the exchange rates of various currencies. These are competitive and calculated via their exchange rate calculator, making it one of the best banks that exchange foreign currency.
Yes, up to 12 currencies can be exchanged via Punjab National Bank at their selected branches. PNB forex rates are competitive and are listed on their website regularly. You can also calculate them via their exchange rate calculator.
PNB currency exchange services can be availed from the bank. You can buy and sell foreign currency in 12 global currencies. These are USD, EUR, GBP, AUD, CD, NZD, JPY, SGD, CHF, SEK, HKD, and AED.
You can only carry up to USD 3000 in cash when travelling abroad, you can load the rest of the foreign currency in a PNB Multi-Currency World Travel Card in up to 12 currencies.
There are no charges on transactions up to USD 50,000 in a day. However, 0.0004% on the entire Transaction value in INR terms + GST is applicable on transactions over USD 50,000 in a day.
Follow Us on Social Media
