Was there no gst entry also? By close, i hope u mean 0.1-0.2% difference from google rate, as 3.5% is also close , but that is what is forex rate😅.
And did u get 40% cb? As that was offered by jcb, not rupay. Also, I didn't see any of rupay network directly in singapore. All pos machines were accepting jcb.
In ur bank statement, does it anywhere shows amount in foreign currency? If yes, then the forex conversion did happen through jcb.
Hey just now i asked another person. He also told me -
"Yes. I checked . It is true that SBI RuPay JCB Platinum Debit Card did not charge any forex markup charges on the spends done. However BOB HP RuPay JCB CC was charged 3.5%+GST as forex mark up fee".
@Ramta_Jogi by the way he also receive 40% Cashback offer spend on UAE.