Remittance (International Money Transfers)
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Remittance Services Fees & Charges
Smart & Easy Way to Ensure Speedy delivery and receipt of money globally.
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Remittance Services Fees & Charges
Smart & Easy Way to Ensure Speedy delivery and receipt of money globally.
HDFC Bank’s Remittance Service is...
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HDFC Bank’s Remittance Service is...
Global
Send and receive money in 22 currencies across the world at competitive rates and charges which can be done from your nearest Branch
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Global
Send and receive money in 22 currencies across the world at competitive rates and charges which can be done from your nearest Branch
Quick
Your money will reach within 72 hours.
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Quick
Your money will reach within 72 hours.
Convenient
Direct and secure credit to your HDFC Bank account for Inward Remittances and your loved ones for outward remittances
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Convenient
Direct and secure credit to your HDFC Bank account for Inward Remittances and your loved ones for outward remittances
Individuals residing outside the country send part of their earnings home, either in cash or goods, to support their families. These transfers are referred to as remittances. In recent years, remittances have been growing rapidly and now represent one of the largest sources of foreign income
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Individuals residing outside the country send part of their earnings home, either in cash or goods, to support their families. These transfers are referred to as remittances. In recent years, remittances have been growing rapidly and now represent one of the largest sources of foreign income
All You Need To Know
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All You Need To Know
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Remittances
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Foreign Currency Demand Drafts
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Foreign Currency Cheque Collection
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Inward Remittances
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Outward Remittances
Remittances
• Speedy delivery and receipt of money globally
• Telegraphic Transfers:
• With HDFC Bank Telegraphic Transfers, you can easily transfer a wide range of foreign currencies. We also have multiple correspondent bank tie-ups for major currencies
Foreign Currency Demand Drafts
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
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• 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
Foreign Currency Cheque Collection
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.
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• 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