For transactions done in the base currency, there is no exchange rate applicable. However, for transactions other than in the Base Currency, VISA / MATERCARD wholesale rates* would apply.
These rates are generally more favourable than the rates offered by money changers.
*There will be a currency conversion markup of 3.5% plus Goods and Service Tax as applicable will be levied by the Bank.
Please note that 18% Goods and Service Tax (GST) w.e.f. July 1, 2017 will be applicable .