How Do You Receive THB (Thai Baht) Payments in India in 2026?

The table ranks platforms with full published pricing for THB by the INR received on THB 170,000, then lists other business platforms that accept THB, unranked. Fees were checked on 30 Sept 2026 or later.

The real THB to INR rate is the mid-market rate, the midpoint between buying and selling prices. Bank TT buying rates, card rates and platform rates sit below it, and the gap is a cost to you. For example, at an example mid-market rate of ₹2.87 per baht, receiving ₹2.80 per baht on ฿100,000 costs ₹7,000.

Today's rate, its history and every platform's payout are on the THB to INR rate page.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹2.810 per THB for 3 Nov 2026.

Yes, you can hold THB in India in an EEFC account only if your AD bank keeps baht balances. Any person resident in India can open one under FEMA 10(R), and professionals can credit consultancy fees. The account pays no interest. Many banks offer only major currencies, so ask first or convert on receipt.

• Credits: Up to 100 percent of foreign exchange earnings received through the banking channel can go in, and card receipts reimbursed in foreign exchange count as banking channel receipts under Schedule I of FEMA 10(R).
• Conversion: The Master Direction on Deposits and Accounts says a calendar month's accruals should be converted to rupees by the end of the next month, after adjusting for approved uses or forward commitments. Check how your AD bank applies this.
• Interest: The EEFC account is non-interest bearing, and banks may not lend against the balance, as set out in the Master Direction.
• Currency: Few Indian banks hold baht balances. A non-resident can hold baht in Thailand in a Non-resident Baht Account (NRBA) used for trade and services. If your client wires USD, you can hold USD in the EEFC account instead. See EEFC account benefits.

• Spot: Convert baht at the rate on the day it arrives. It is simple, and you accept whatever rate the market gives that day.
• Forward contract: Fix a THB to INR rate today for a future date. Under RBI's hedging directions, AD banks can offer forwards to retail users and allow hedging of contracted exposure up to USD 100 million equivalent without first proving it, though a real exposure must exist. Baht forwards may not be quoted by every bank. See forward contracts for exporters.
• Limit order: Ask your bank or provider to convert automatically when THB to INR reaches a rate you set. Availability and minimum amounts vary for less traded currencies, so confirm before relying on it.
• Natural hedge: Pay baht costs, such as Thai subcontractors or travel booked in THB, from foreign currency balances so that part of your income is never converted. Payments outside India for permitted current account transactions are allowed debits under FEMA 10(R).

Receiving THB for exports in India follows the same FEMA rules as any other currency. From 1 October 2026, service exporters file an EDF within 30 days of the end of the invoice month and realise proceeds within nine months under the FEMA 2026 Regulations. Your AD bank reports each receipt with a purpose code.

• EDF: Regulation 3(2) of the FEMA (Export and Import of Goods and Services) Regulations, 2026 requires an EDF for services, and one EDF can cover a month's invoices. A.P. (DIR Series) Circular No. 20 supersedes the SOFTEX circulars from 1 October 2026. See the EDF guide.
• Realisation: Export proceeds must be realised within nine months of the invoice date for services, or twelve months if invoiced or settled in INR, as amended on 22 September 2026. Your AD bank can extend this on request.
• EDPMS: Invoices up to ₹10 lakh can be closed in EDPMS on your declaration of realisation, under Regulation 4(2) of the 2026 Regulations.
• Purpose code: Banks report receipts under FETERS using RBI's purpose code list. The code depends on the service provided, and the currency does not change it. FIRA is not a term defined in FEMA; banks issue an inward remittance advice or certificate. See what FIRA means.
• GST: Payment in convertible foreign exchange such as THB is one condition of export of services under IGST Act section 2(6). A Letter of Undertaking under Rule 96A lets you export without paying IGST.

Rules and rails are linked to official sources below with the dates they were checked. Platform figures come from each platform's own pages, checked on 30 Sept 2026 or later, and RBI authorisation was checked against RBI's published list. Rates are XE live mid-market rates, dated 3 Nov 2026. The method is on the methodology page.

1. FEMA (Export and Import of Goods and Services) Regulations, 2026, Notification FEMA 23(R)/2026-RB, Reg 3(2): EDF for services within 30 days from the end of the month of invoice; Reg 4(2): EDPMS closure on exporter's declaration for invoices up to Rs 10 lakh; Reg 5: realisation period (checked 8 Oct 2026)
2. RBI A.P. (DIR Series) Circular No. 20 (16 January 2026), Supersedes the Master Direction on Export and listed circulars, including the SOFTEX certification circulars, from 1 October 2026 (checked 8 Oct 2026)
3. FEMA 23(R)/(1)/2026-RB amendment (22 September 2026), Regulation 5(1): 'fifteen months' replaced by 'nine months'; 'eighteen months' replaced by 'twelve months'; in force from 1 October 2026 (checked 8 Oct 2026)
4. Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015, FEMA 10(R), Regulation 4(A); Schedule I: EEFC credits of 100 percent of foreign exchange earnings, card receipts as banking channel, permitted debits (checked 8 Oct 2026)
5. RBI Master Direction - Deposits and Accounts, Para 3.1: EEFC non-interest bearing; monthly accruals converted by end of succeeding month after approved uses or forward commitments; no credit facilities against balances (checked 8 Oct 2026)
6. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, FEMA 14(R)/2023-RB, Regulation 3: receipts from countries other than ACU members in Indian Rupees or in any foreign currency (checked 8 Oct 2026)
7. RBI Master Direction on Regulation of Payment Aggregator (PA), Para 11(d): maximum Rs 25 lakh per PA-CB transaction; para 11(h): documents for EDPMS closure (checked 8 Oct 2026)
8. RBI circular: Guidelines to facilitate faster cross-border inward payments, RBI/2026-27/08 (9 April 2026), Dated 9 April 2026: banks shall endeavour to credit inward payments received during forex market hours within the same business day and after market hours on the next business day; para 3 effective six months from the circular date (9 October 2026) (checked 8 Oct 2026)
9. RBI Master Direction - Money Transfer Service Scheme, Only cross-border personal remittances such as family maintenance are allowed; trade related remittances shall not be made through this arrangement (checked 8 Oct 2026)
10. RBI A.P. (DIR Series) Circular No. 84: Compilation of R-Returns, reporting under FETERS (29 February 2012), Purpose code list; P0802 Software consultancy/implementation (other than those covered in SOFTEX form); P0807 Off site software exports (checked 8 Oct 2026)
11. RBI A.P. (DIR Series) Circular No. 13, RBI/2023-24/108: Hedging of foreign exchange risk (5 January 2024), Retail users may be offered foreign exchange forwards; contracted exposure up to USD 100 million equivalent without establishing underlying exposure (checked 8 Oct 2026)
12. Integrated Goods and Services Tax Act, 2017, section 2 (CBIC), Section 2(6): export of services conditions, including payment received in convertible foreign exchange or in Indian rupees wherever permitted by RBI (checked 8 Oct 2026)
13. Central Goods and Services Tax Rules, 2017, Rule 96A (CBIC), Rule 96A(1): bond or Letter of Undertaking in FORM GST RFD-11 for export without payment of integrated tax (checked 8 Oct 2026)
14. Bank of Thailand: Summary of Exchange Control Regulations, 1: foreign currency transfers through persons licensed by the Minister of Finance such as authorized banks; 2.1: foreign currencies or baht can be brought into Thailand without limit; 2.2.1: payments for goods and services such as service fees and royalties allowed up to the amount of the obligations; 5.3.2: Non-resident Baht Accounts (NRBA) for general purposes such as trade and services; 7: supporting documents for transactions of USD 200,000 or above unless the bank has performed KYB (checked 8 Oct 2026)
15. Bank of Thailand: PromptPay, Launched in 2016 as payment infrastructure for faster, lower-fee transfers using citizen ID, mobile phone number or bank account number via digital channels; PromptPay for Corporate lets businesses register to receive money from customers (checked 8 Oct 2026)
16. Bank of Thailand: Cross-border Payment, PromptPay cross-border QR payment and fund transfer linkages (as of May 2026) with countries including Singapore, Malaysia, Cambodia, Vietnam, Indonesia and Japan; India not listed (checked 8 Oct 2026)
17. Bank of Thailand: Payment system operation (BAHTNET), BAHTNET is financial infrastructure for high-value fund transfers between financial institutions and institutions holding deposit accounts with the BOT on a Real-Time Gross Settlement basis (Thai-language page) (checked 8 Oct 2026)
18. Thailand Revenue Department: Corporate Income Tax, 1.2.5: a company incorporated under foreign law not carrying on business in Thailand but receiving assessable income under Section 40(2)-(6) paid from or in Thailand is a taxable person; tax withheld at source by the payer (checked 8 Oct 2026)
19. India-Thailand Comprehensive Agreement (DTAA), Income Tax Department, Notification S.O. 3244(E) dated 1-12-2015; Article 7(1): profits of an enterprise taxable only in its state of residence unless carried on through a permanent establishment in the other state; Article 14(1): an individual's independent professional services taxable only in the state of residence unless there is a fixed base or a stay of 183 days or more in twelve months (checked 8 Oct 2026)
20. European Central Bank: Euro foreign exchange reference rates, Reference rates for information only; on 7 October 2026 EUR/THB 37.661 and EUR/INR 108.1165, implying about INR 2.87 per THB (basis for the example rate) (checked 8 Oct 2026)
21. Skydo homepage (pricing and fee calculator), Know what you pay; calculator showing GST 18% of transaction fee (checked 6 Oct 2026)
22. Razorpay MoneySaver Export Account (International Bank Transfers) pricing, Standard Plan: 0% FX markup, 1% fee, FlashLinks 2%, GST applicable, flat fee of INR 1,000 on transactions below INR 1,00,000, setup and AMC INR 0 (checked 6 Oct 2026)
23. Stripe India pricing, International cards with USD/other currency presentment 4.3% + 2% if currency conversion is required; Mastercard and Visa cards issued outside India 3% + 2%; American Express outside India 3.5% + 2%; dispute received INR 1,000.00 (checked 7 Oct 2026)
24. HDFC Bank: Remittance Services Fees & Charges, Inward Remittance Charge: No Charge; FIRC Charge for Inward Remittance & FCY Cheque Collection INR 200 per FIRC; GST slabs on amount of currency exchanged (checked 6 Oct 2026)
25. Kotak Everyday Savings Account fees and charges, Foreign Inward Remittance certificate (Branch Request) INR 100/Request; GST on Foreign Currency Conversion; fees exclusive of GST (checked 6 Oct 2026)
26. PayPal India Merchant Fees, Receiving international transactions; Currency Conversions (3.0% converting balance and payments received; 4.00% all other cases); Withdrawals Out of PayPal; Dispute Fees; Other Fees (Last Updated 28 March 2024) (checked 6 Oct 2026)
27. Axis Bank: Inward Remittances (Business Banking) (checked 6 Oct 2026)
28. ICICI Bank - Inward trade remittances, Receive remittances in 24+ currencies; BIRC for export proceeds, FIRC for FDI/FII on request; funds credited within 1 hour of disposal instruction and documents (checked 7 Oct 2026)