A thermal transfer recording medium comprises a heat-resistant lubricating layer laminated on a first surface of a substrate, and an undercoat layer and a dye layer laminated in this order on a second surface of the substrate. The dye layer contains, as binders, a polyvinyl acetal resin, a phenoxy resin, and a graft copolymer having a main chain comprising polycarbonate and a side chain comprising a vinyl-based polymer, and also contains Compounds I, II, and III as cyan dyes.