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About Money Transfers

Send money to India easily from anywhere in the world

Money Transfer from foreign country to India is straightforward with HDFC Bank's reliable money transfer services. Whether you're sending funds for family support, investments, or other purposes, our global remittance options ensure seamless transactions. Utilise telegraphic or wire transfers through our extensive network of Correspondent Banks worldwide to deposit funds directly into HDFC Bank accounts in India. We guarantee secure and efficient transfers, adhering to all regulatory requirements. With transparent fee structures and clear instructions, you can trust HDFC Bank to handle your international money transfers with ease, providing peace of mind throughout the process.

Key Services for Money Transfer from Other Countries

Telegraphic/Wire Transfer

Use telegraphic or wire transfers to send money from your local bank to an HDFC Bank Account in India via our global Correspondent Banks.

Important Note:

From 28th Dec 2015, we no longer process remittances involving Turkish Lira (TRY) and EURO (EUR) from Royal Bank of Scotland (RBS), as our agreement ended on 31st Dec 2015.

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Telegraphic/Wire Transfer

Funds Transfer through Cheques/Demand Drafts/Traveller’s Cheques

Choose the reliable method of transferring funds by sending cheques or Demand Drafts to your Indian branch, accompanied by a letter of instruction detailing the beneficiary account number.

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Funds Transfer through Cheques/Demand Drafts/Traveller’s Cheques

Fees & Charges

Foreign Exchange Transactions:

Remittance Outward-

  • Up to USD 500 or equivalent: ₹500 (flat)

  • Above USD 500 or equivalent: ₹1,000 (flat)

Remittance Inward- No Charge

Other Foreign Exchange Transactions:

  • FCY Cash - Selling: No Charge

  • FCY Cash - Encashing: No Charge

Click here to know more about the fees and charges.

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Frequently Asked Questions

There's no maximum amount an NRI can send, but the money must be earned legally. Also, taxes must be paid on this money in the country where it was earned.

Sending money back home to India from abroad comes with several advantages. It's a reliable way to support family and loved ones financially. Many find it convenient as it ensures quick access to funds for various needs such as education, healthcare, or everyday expenses. Moreover, international transfers often come with competitive exchange rates and lower fees compared to traditional banking methods, making it a cost-effective choice. Overall, it's a secure and efficient means to manage finances across borders.

Money sent from abroad to India is generally not taxable if it is sent to specific family members or for specific purposes. However, there are tax implications for other recipients and country-specific regulations that must be considered.

The charges for sending money from abroad to India are:

  • Up to $500 or equivalent: ₹500 per transaction.
  • Above $500 or equivalent: ₹1000 per transaction.

In addition to these fees, there is an additional 18% Goods and Services Tax (GST) applicable to the commission and fees. 

  • Quick, seamless, and effortless
  • Easy, secure, and reliable online process
  • Competitive Forex rates
  • Instant Credit within Beneficiary Accounts, subject to country of transfer and cut-off timings.