Foreign Currency Cash Fees & Charges

HDFC Bank Foreign Currency Cash fees and charges

 

  • Foreign Currency Cash services without any fees. Only GST charges will apply to these services.

  • Convert unused currency back into Indian rupees.
     

Goods and Services Tax: All foreign exchange transactions are subject to the imposition of Goods and Services Tax (GST), which is payable in addition to the mentioned charges. Currently, the applicable GST rate is as follows:
 

  • For commission, fees, and charges (including full value charges) paid: 18% applicable.

  • Foreign currency exchanged according to the slab provided below:

  • Up to ₹1 Lakh: 0.18% ACE or ₹45 - whichever is higher. (Maximum GST ₹180).

  • ₹1 Lakh – ₹10 Lakh: ₹180 + 0.09% of the amount exceeding ₹1 Lakh. (Maximum GST ₹990).

  • > ₹10 Lakh: ₹990 + 0.018% of the amount exceeding ₹10 Lakh. (Maximum GST ₹10,800).
     

Tax Collected at Source (TCS): TCS was introduced by the Finance Act 2020 on Foreign Exchange transactions applicable to Resident Indian under Liberalised Remittance Scheme (LRS). Below are the applicable rates:



Sr No

Purpose of Remittance abroad

New TCS rate (w.e.f 1st April 2026)

 

 

Normal PAN

Inoperative PAN

i.

LRS for education purpose, if the amount being remitted is from education loan obtained from a specified institution

NIL

NIL

ii.

LRS for the purpose of education, other than (1) above (or) for the purpose of medical treatment.

Upto 10 Lakh: NIL

Above 10 Lakhs: 2%

Upto 10 Lakh: NIL

Above 10 Lakh: 5%

iii.

Any other purpose under LRS

Upto 10 Lakh: NIL

Above 10 Lakh: 20%

Upto 10 Lakh: NIL

Above 10 Lakh: 20%

 

Frequently Asked Questions

There are zero annual charges for HDFC foreign currency cash services.

The bank provides Foreign Currency Cash services at no cost. Only GST charges will apply to these services.

There are no bank charges on foreign currency cash charged by HDFC Bank. However, all foreign exchange transactions are liable to Goods and Services Tax (GST).