Remittance Services Fees & Charges

• The best way to send money when you need to send an exact amount
• Click Here for the List of Our Correspondent Banks
• Features and Benefits:
• Low Charges: The Charges for Issuing a Demand Draft is Lesser as compared to sending a remittance.
• Choice of Multiple Currency: We have an arrangement to issue FCY Demand Draft in 9 foreign currencies which are payable in your respective locations, namely CAD, USD, NZD, SGD, HKD, GBP, EUR, JPY.
• Protection Against exchange rates Volatility: Save yourself from the risk of varying exchange rates. The demand draft issued to you is in the Foreign Currency. Hence, no risk of exchange rates Volatility after you have taken the draft

• You can directly deposit your foreign currency cheques, foreign currency demand draft in to your saving or current account. We will have the cheques sent for collection and the funds will be credited to your account in Indian Rupees
• Features and Benefits:
• Choice of Multiple Currency: We have an arrangement to collect Cheque in 14 foreign currencies which are payable in your respective locations, namely USD, GBP, EUR, CAD, SGD, NZD, HKD, CHF, SEK, NOK, AED ,SAR, ZAR, DKK, JPY, MYR, OMR, THB, LKR
• Click here to find out Turn Around Time for FCY cheque collection
• Note:
• The Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate
• In addition to the above mentioned period, date of credit to customer account would include transit time to correspondent bank
• Cheques drawn in one currency payable in another country where currency is different will take a longer period to realize and would attract charges of various correspondent banks as per their own tariff schedule over which we do not have any control. For e.g. A cheque drawn in USD payable on a bank in Singapore or Cheque drawn in GBP payable on a bank in South Africa or Cheque drawn in USD payable in Canada.
• Click Here for Guidelines to enable faster processing
• Click Here for the List of Our Correspondent Banks
• Return of Foreign Currency Cheque/Instrument:
• Foreign currency cheque/instrument sent for collection to the Payee bank through Correspondent Bank located outside India can be returned by the Payee bank even after crediting the proceeds to depositor's account after cooling period, for whatsoever reason including but not limited to "insufficient funds", "account closed", fraudulent cheque" etc as per prevailing clearing rules / laws related to cheque collection in drawee countries.
  
  In case of such cheque returns, the Payee bank recovers the amount of returned cheque, thus credited earlier, by debiting the HDFC Bank's Nostro account. HDFC Bank has the right to debit the depositor's account to the extent of returned cheque amount immediately (at the prevailing exchange rate) along with charges and interest from the date of credit of proceeds till the date on which amount is recovered from the depositor.

• Just walk into your Bank abroad with the details of your remittance and ask them to remit the funds to us, through any of our below mentioned Correspondent Banks across the world, and we will credit your or your beneficiary's account or open a Rupee or a Foreign Currency Fixed Deposit as required by you.
• Features and Benefits:
• Secured channel for fund transfer
• Direct Credit to your HDFC Account
• Most convenient channel for creating FCNR deposits
• Inward Remittances is accepted in 22 currencies namely
  
  

• * Remittances received after 28th Dec 2015 for EURO (EUR) by and from Royal Bank of Scotland (RBS) would not be processed, as our arrangement with RBS is ending on 31st Dec 2015
  * Currency notes will be offered, subject to availability at our branches.
  * HDFC bank reserves the right to reject any FX transaction if documents submitted are not adhering to internal compliance and RBI guidelines.
• Click here to download the SWIFT / Wire Transfer Form
• Click Here for the List of Our Correspondent Banks
• HDFC Bank Ltd. SWIFT Code is HDFCINBBXXX

All you need to know:

• Send money abroad for reasons more than one: education, medical purpose, gifting, and maintenance for Close Relative or donation for a cause. Our extensive network gives you the reach to most parts of the world.
• Click Here for the List of Our Correspondent Banks
• Click here to know your Forex Limits

Features and Benefits:

• Faster and hassle free transfers: Your money will reach within 72 hours of your instructions anywhere in the world To send Outward Remittance you have to just walk into any of our branches to fill up the required documentation.
• Choice of Multiple Currency: HDFC Bank can send money overseas in 22 different currencies through SWIFT.
• Currency notes will be offered subject of availability of the same at the branch.

• HDFC Bank reserves the right to reject any FX transaction if documents submitted are not adhering to RBI guidelines
• Protection Against exchange rates Volatility: You can be assured of the final amount (in the particular currency) that would be provided to your beneficiary in the country where the funds are to be remitted. No matter what happens to the exchange rates, your final amount will remain unaffected
• Facility offered by RBI to Resident Indians under Liberalised Remittance Scheme:
  As per A.P. (DIR Series) Circular No.106 dated 1st June, 2015, RBI has increased the limit under Liberalised Remittance Scheme for Resident Individuals from USD 125,000 to USD 250,000. Accordingly remittances up to USD 250,000 per financial year per individual under the Scheme may be allowed for any permitted current or capital account transaction or a combination of both.
  
• Click Here for List of Permissible and Non Permissible Transaction under Liberalized Remittance Scheme

Documentation requirements for each type of transaction:

• Form A2
• Active Aadhar Linked PAN
• Supporting documents for respective purpose of remittance (as applicable)
• Supporting documents for source of funds (as applicable)
• For capital account transactions, 1 year account relationship is mandatory. In case where the account relationship is less than 1 year, bank account statement of 1 year / latest IT return copy is required to ascertain source of funds.

Customer can walk into our Forex enabled branch and submit the necessary documents to initiate the remittance

Other requirements:

• Account should be KYC Compliant
• Remittances to be made out of own funds and not borrowed from any financial institutions in case of capital account transactions.
• No remittance under the scheme is permitted for remittances to FATF listed non-cooperative countries (Jurisdictions under Increased Monitoring - 13 February 2026)
• In case funds are not used for the declared purpose, funds should be remitted back to India within 180 days of making the outward remittance
• Investment in unlisted companies abroad is also permitted under LRS subject to compliance with FEMA – Overseas Investment Rules/Regulations and Directions issued by Govt/RBI.

Forex Withdrawal for Current Account Transactions under LR

• Travel for Pilgrimage
• Travel for medical treatment
• Travel for education (including fees, hostel expenses etc.)
• Remittance for payment toward GIC
• Other travel (including holiday trips and payments for settling international credit cards transactions)
• Other general insurance premium including reinsurance premium; and Term life insurance premium
• Education (e.g. fees for correspondence courses abroad)
• Health Service (payment towards services received from hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site)
• Remittance for family maintenance and
• Remittance towards personal Gifts and Donations
• Remittance towards donations to religious and charitable institutions abroad
• Migrant transfers including personal effects

Forex Withdrawal for Capital Account Transactions under LRS

• Investment in equity and non-debt instruments of listed foreign entity
• Investment in Debt instruments of listed foreign entity
• Purchase of Immovable Property Abroad
• Opening of foreign currency account abroad with a bank
• Purchase of Employee Stock Options (ESOPs)

Schedule of charges applicable to different transactions
For more details on fees, charges, and applicable taxes, please click here
Note:

• All commission, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).
• Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks, excluding transactions processed under Full value facility.

Defined timelines for processing remittances
Timelines for processing foreign currency outward remittance

• Request submitted by customer before 2:00 PM - Processed same day
• Request submitted by customer after 2:00 PM - Processed next working day
• Request submitted by customer on Saturdays, Sundays and Mumbai Bank Holidays will be processed on next working day.

Escalation matrix and grievance redressal mechanism
For queries & complaints, you may

• Submit an online complaint/query/request- Online Form
• Contact Branch Manager- Locate Branch
• You may write to us,
  HDFC Bank Ltd.
  Empire Plaza I, 1st Floor,
  LBS Marg, Chandan Nagar,
  Vikhroli West, Mumbai - 400 083​​​​​​​
  Email: support@hdfc.bank.in
• Customer Care Numbers
  18001600 / 18002600 ​​​​​
  ​​ Customers travelling abroad can reach us on +912261606160
  Customers of Imperia Account can reach us on our dedicated Customer Care Number +912261717606
• For reporting a complaint please call on our Toll Free number (only for India).
  Contact Number - 18002583838

Grievance Redressal Cell

• Call 1800 266 4060 (Monday to Saturday; 9:30am to 5:30pm)
  This facility is not available on 2nd & 4th Saturdays, all Sundays and Bank Holidays

E-mail :grievance.redressaldl@hdfc.bank.in