Remittances

What’s in store for you

Full Value Remittances

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Remittances

More Benefits Than Ever Before

FullValue Remittances

  • Send money abroad without any foreign bank charges. Available in USD, GBP, EUR.

Wide Correspondent Banking Network

  • With best-in-class exchange rates and access to 22 global currencies.

Dedicated Service

  • 100% branches to equipped to provided assistance to send and receive money from overseas.

Global

  • Remittances in 22 global currencies

Efficient

  • Enjoy timely execution & best exchange rates

Vast Network

  • Correspondent Banks and Nostro Accounts

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More Benefits Than Ever Before

Our Services

Inward Remittances

  • Quick and secure processing - Fast crediting of funds to the beneficiary’s account. Transfers are channelized through a highly secured and fast interbank remittance channel (Swift). 
  • Multi-Currency Support: Accepts remittances in 22 major currencies (including USD, EUR, GBP, etc.) 
  • Real-Time Tracking: Clients can monitor transaction status online through Net Banking
  • Set Disposal Instructions: Clients can provide disposal instructions through Net Banking to fasten remittance proceeds
  • Regulatory Compliance: Adherence to RBI guidelines for smooth processing.
  • Our wide correspondent banking network enables transfer of funds from any account anywhere globally to your account with us for export and non-export remittances.
Inward Remittances

Outward Remittances 

  • Competitive Forex Rates: Transparent and favourable exchange rates. 
  • Diverse Payment Modes: Options like wire transfers, demand drafts, and online banking. 
  • Dedicated Trade Desk: Expert assistance for documentation and compliance.
  • Regulatory Compliance: Adherence to FEMA guidelines for smooth processing .
  • Full Value Remittances: Send money overseas without any foreign bank charges. (USD, EUR, GBP)
  • Download A2 Form
Outward Remittances 

More About Remittance Services

HDFC Bank’s Remittance Service allows you to send and receive money globally. The service uses a highly secure and fast interbank remittance channel (SWIFT) for fund transfers. You can track your transfer through the online tracker and via email. The service supports direct credit to your or your beneficiary’s HDFC Bank Account and other banks across India. 

Description Charges Commission SWIFT/Courier
Inward Remittance Nil Nil Nil
Non-import payment TT Nil 0.20% min ₹ 1,000 ₹ 500

Click here for more details on fees and charges of Remittance Services

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.  

Fees & Charges

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Frequently Asked Questions

Trade Remittance Services are services that facilitate international payments for goods and services. They ensure efficient and compliant transfer of funds between trading partners across borders, supporting global trade transactions and financial settlements. 

Trade Remittance Services are typically used by businesses engaged in international trade, including exporters, importers, manufacturers, distributors, and wholesalers.

You can setup up Trade Remittance Services by requesting a call back from our representative. Alternatively, you can visit the nearest HDFC Bank branch to setup Trade Remittance Services for your business.

Yes, exchange rates impact the cost of trade remittance solutions. Fluctuations in exchange rates can affect the amount received or paid in foreign currency, influencing the overall cost and profitability of international transactions. 

HDFC Bank’s trade remittance services are very secure, as they use a highly secure and fast interbank remittance channel (SWIFT) for fund transfers. The bank also provides full-value remittances, preventing any reconciliation issues that may arise due to the deduction of foreign bank charges.