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INR → CHF · SwitzerlandINR to CNY Calculator
Enter any amount to see the exact converted value at today's live interbank rate — zero markup applied.
Today's Exchange Rates
INR to CNY — Everything You Need to Know
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1 INR to CNY today
The mid-market rate is the midpoint between the buy and sell prices on the global currency market. It is what Google shows. It is not what your bank charges.
The CNY to INR rate moves on People's Bank of China policy and on the daily reference rate set by the central bank. PBoC manages the yuan against a basket of currencies and intervenes to limit daily movement. Trade balance, US-China relations, and capital flows shape longer-term direction. The yuan's onshore (CNY) and offshore (CNH) versions can trade at slightly different rates.
The rate you see on Google is a reference number. The rate you transact at depends on who you buy from.
GST on the service component (tiered) + TCS above ₹10 lakh per FY apply per LRS rules. Disclosed upfront.
What 1 INR to CNY actually costs you
Here is where most Indian importers and business travellers lose money without realising it. A bank quoting CNY at the mid-market rate plus a markup will not show that markup as a separate line item. It is built into the exchange rate.
Indian SMEs paying Chinese suppliers for goods, components, or sourcing trips run significant CNY transfers each year. Even a small per-yuan markup compounds into a meaningful rupee figure across multi-lakh supplier payments. Repeat importers feel the cumulative gap most clearly across an order cycle.
There are typically three cost layers on a CNY conversion: the exchange rate markup built into the quoted rate, a SWIFT or transfer fee, and GST charged on the service component.
Matrix Forex sells Chinese yuan at the live interbank rate without a markup.
Ways to convert INR to CNY
A bank wire transfer is the standard route for supplier payments and larger transfers. Processing takes one to three working days with the bank's exchange rate plus SWIFT charges. Most India-China trade settles in USD rather than direct CNY, but direct CNY transfers are increasingly common.
Online forex providers let you book a rate online, then choose branch pickup or door delivery before departure. The booking locks the rate before payment.
Chinese yuan is not loadable on a forex card — CNY is not among the supported card currencies. Travellers typically carry yuan cash purchased in India before departure, or rely on mobile payment platforms once in China where international card support has improved.
Branch cash exchange remains the standard option for short business trips and sourcing visits.
Tax and limits on INR to CNY
Under the Liberalised Remittance Scheme, an Indian resident individual can remit up to USD 250,000 (or its CNY equivalent) per financial year for permitted purposes. Business-to-business import payments are not LRS transactions — they fall under separate FEMA provisions for trade transactions, with their own documentation requirements.
For LRS-eligible CNY conversions (travel, education, gifts), TCS applies above ₹10 lakh per person per financial year. Education via a Section 80E loan is at 0% TCS regardless of amount. Self-funded education and medical are at 5% above ₹10 lakh. Other LRS purposes including travel are at 20% above ₹10 lakh.
TCS is not a final tax. It is adjusted against your annual income tax liability.