| Trade Services Fees & Charges (updated as of May 2024) | ||
|---|---|---|
| Letter of Credit | Charges/Commission/ SWIFT/Courier | Charges |
| Letter of Credit FCY issuance (FCY/LCY) | Charges | Documentation charge - INR 1,500 (if applicable) |
| Commission | Min INR 2,000 | |
| SWIFT/Courier | FCY - INR 2,000 | |
| LCY - INR 1,000 | ||
| Letter of Credit FCY amendment (FCY/LCY) | Charges | Nil |
| Commission | Min INR 1,500 Extension - same as LC issuance |
|
| SWIFT/Courier | FCY - INR 750 | |
| LCY - INR 500 | ||
| Cancellation of LC(both before and after expiry) | Charges | INR 1,000 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| SBLC Issuance (FCY/LCY) | Charges | Documentation charge - INR 1,500 (if applicable ) |
| Commission | 1.8% Per Annum, min INR 2,000 | |
| SWIFT/Courier | FCY - INR 2,000 | |
| LCY - INR 1,000 | ||
| SBLC Amendment (FCY/LCY) | Charges | Documentation charge - INR 1,500 (if applicable ) |
| Commission | 1.8% Per Annum, min INR 1,500 | |
| SWIFT/Courier | FCY - INR 750 | |
| LCY - INR 500 | ||
| LC Confirmation | Charges | Nil |
| Commission | Same as LC | |
| SWIFT/Courier | Same as LC | |
| LC advising (FCY/LCY) | Charges | Nil |
| Commission | Customer LC INR 1,500/INR 1,000 | |
| Amd INR 1,000/INR 750 | ||
| Non Customer INR 2,500/INR 1,500 | ||
| Amnd INR 1,500/ INR 1,000 | ||
| SWIFT/Courier | Local LC courier INR 100 | |
| LC Transfer | Charges | LC trf INR 2,000 |
| LC Amendment INR 1,000 | ||
| Commission | Nil | |
| SWIFT/Courier | Swift charges of LC to be recovered in case of involvement of Swift | |
| Guarantee | Charges/Commission/ SWIFT/Courier | Charges |
| Guarantee issuance (Financial, Performance) | Charges | Documentation charge - INR 1,500 (If applicable ) |
| Commission | 1.8% Per Annum, min INR 2,000 | |
| SWIFT/Courier | INR 1,000 | |
| Guarantee amendment (Financial, Performance) | Charges | Nil |
| Commission | 1.8% Per Annum, min INR 2,000 per month basis and each fraction of month to be collected as full month | |
| SWIFT/Courier | INR 1,000 | |
| Guarantee cancellation | Charges | INR 1,000 for live BG cancellation processing charges (before expiry) |
| Guarantee Advising | Charges | INR 1,500 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Shipping Guarantee | Charges | INR 1,000, |
| Documentation charges (If applicable ) - INR 1,500 | ||
| Commission | Nil | |
| Import Bills Collection/Under LC/Buyer's Credit/DO | Charges/Commission/ SWIFT/Courier | Charges |
| Import Bills for Collection processing (to be considered at the time of booking itself. Liquidation charges to be taken as per direct import payment) | Charges | Nil |
| Commission | 0.25% min INR 2,000 | |
| SWIFT/Courier | INR 1,000 | |
| Import Bills for Collection return of docs | Charges | 1500 or USD 200 if claimed from Remitting Bank |
| Commission | Nil | |
| SWIFT/Courier | INR 500/INR 1,000 | |
| Import direct/advance payment | Charges | Nil |
| Commission | 0.125% Min INR 1,250 | |
| SWIFT/Courier | INR 500 | |
| Import Bills under LC processing | Charges | If discrepant overdue import bill paid after due date - additional charges of non-import remittance to be recovered |
| Commission | 0.25% min INR 2,000 | |
| SWIFT/Courier | INR 1,000 | |
| Discrepancy Fee | Charges | USD 75 or its equivalent |
| Penalty for non submission of Bill of Entry | Charges | INR 500 Half Yearly per BOE |
| Delivery Order | Charges | INR 1,000 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Buyer's Credit processing charges | Charges | Nil |
| Commission | LOC / LOU charges @ 1.80% pa Min INR 5,000 (same as BG) | |
| SWIFT/Courier | INR 2,000 | |
| NOC issued to other Bank for Buyer's Credit | Charges | INR 5,000 |
| Countersigning/co-acceptance/availisation of Import bills | Charges | Nil |
| Commission | 1.8 % per annum Min. INR 1,000 | |
| SWIFT/Courier | Nil | |
| Non Import Remittances | Charges/Commission/ SWIFT/Courier | Charges |
| Non import payment TT | Charges | Nil |
| Commission | 0.20% min INR 1,000 | |
| SWIFT/Courier | INR 500 | |
| Non import payment DD | Charges | Nil |
| Commission | 0.25% min INR 2,000 | |
| SWIFT/Courier | INR 500 | |
| Export Bills for Collection/Discount/GR waiver | Charges/Commission/ SWIFT/Courier | Charges |
| Exports Bills despatch | Charges | Nil |
| Commission | 0.0625% Min INR 1,500 | |
| SWIFT | INR 1,000 (if applicable) | |
| Courier Charges | Charged as per region of dispatch (Min Rs 1500, Max Rs. 3500 plus taxes as applicable). | |
| Export Bills Discounting/Purchase | Charges | Nil |
| Commission | 0.1%, min INR 2,000 | |
| SWIFT/Courier | INR 1,000 | |
| Export Collection to Discount | Charges | INR 750 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Overdue Export Bills (Late Realisation) | Charges | INR 500 Half Yearly |
| Exports Bills non despatch | Charges | Nil |
| Commission | 0.15% min INR 2,000 | |
| SWIFT/Courier | Nil | |
| Exports Bills Regularisation | Charges | Nil |
| Commission | 0.0625% - Min INR 1,000 + INR 100 per shipping Bill / Softex / Invoice Note - If 1 SB in a txn INR 1,100 (INR 1,000 + INR 100) to be collected. |
|
| SWIFT/Courier | Nil | |
| GR waiver/Approval | Charges | INR 1,500 |
| BRC issuance (per Shipping Bill) | Charges | INR 150 |
| Bills returned unpaid | Charges | INR 1,000 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Extension | Charges | INR 1,000 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Write off | Charges | INR 2,000 |
| Agency Commission | Charges | Nil |
| Commission | 0.25% min INR 2,000 | |
| SWIFT/Courier | INR 1,000 | |
| Advising discrepancy | Charges | INR 1,000 |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Late submission of documents (after 21 days) | Charges | INR 1,000 to be charged after 21 days |
| Exporter follow-up docs submssion for advance remittance (each and every advance remittance received) | Charges | INR 1,000 half yearly per overdue advance remittance. |
| NOC for discounting with other Bank | Charges | INR 5,000 |
| Commission | Nil | |
| Crystallisation Fee | Charges | INR 2,000 |
| Commission | Nil | |
| Export loan disbursement | Charges | INR 2,000 |
| Commission | NIL | |
| Issuance of various export performance certificate | Charges | INR 500 |
| Commission | Nil | |
| Export set off against Import payment | Charges | Nil |
| Commission | 0.40% min INR 2,000 Individually applicable for both legs |
|
| SWIFT/Courier | INR 500 | |
| Attestation of Invoice | Charges | INR 250 |
| Bank Certification for application of IEC | Charges | INR 500 |
| Project Export Approvals | Charges | INR 5,000 |
| Local Bills | Charges/Commission/ SWIFT/Courier | Charges |
| Local Bills for Collection (Outward) | Charges | Nil |
| Commission | 0.35% min INR 1,000 | |
| SWIFT/Courier | INR 100 | |
| Local Bills received (under our LC/collection) | Charges | Nil |
| Commission | 0.35% min INR 1,000 | |
| SWIFT/Courier | INR 100 | |
| Local Bills under LC (Outward) | Charges | Nil |
| Commission | 0.35% min INR 1,000 | |
| SWIFT/Courier | INR 100 | |
| Discrepancy Fee | Charges | INR 2,500 |
| Return of Bills unpaid | Charges | Nil |
| Commission | Under LC - INR 1,000, Under Coll - 0.35%, min INR 2,000 | |
| SWIFT/Courier | INR 100 | |
| Extension of Inland Bills | Charges | INR 1,000 |
| DRUL | Charges | Nil |
| Commission | 0.25%, min INR 1000 | |
| SWIFT/Courier | INR 100 | |
| Signature verification charges (LC issued by us) | Charges | INR 250 |
| Overdue collection bills ( late realisation) | Charges | INR 500 per half-year |
| Inward Remittance | Charges/Commission/ SWIFT/Courier | Charges |
| Inward Remittance | Charges | Nil |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| Inward Remittance return of funds | Charges | USD 1 to USD 100 - NIL USD 101 to USD 500 - USD 10 + applicable taxes USD 501 to USD 1,000 - USD 20 + applicable taxes USD 1,000 & above - USD 50 + applicable taxes |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| FIRC charges | Charges | INR 200, for duplicate FIRC INR 500 + applicable taxes for credit advise sent centrally by e-mail (in lieu of FIRC) is NIL |
| Processing of Inward remittances bene acc / name mismatch | Charges | Nil |
| Commission | Nil | |
| SWIFT/Courier | Nil | |
| AD code certificate issuance | Charges | INR 500 |
| Service tax certificate / Duplicate Advices | Charges | INR 250 |
| Capital Account transactions | Charges/Commission/ SWIFT/Courier | Charges |
| ODI - Fresh Remittance | Charges | INR 15,000 (UIN Generation Charges to be collected at remittance) + 0.2 % Commission + INR 500 (Swift) |
| ODI - Subsequent Remittance | Charges | INR 5,000 (RBI Reporting charges to be collected at remittance) + 0.2 % Commission + INR 500 (Swift) |
| ODI - APR Reporting | Charges | INR 2,000 |
| ODI- Change of AD Bank | Charges | INR 25,000 |
| ODI- RBI Presentation Charges -(charges to be taken at the time of submission) / Prior Approval / Regularization / Post Facto approval / Structural changes / any other Customer based reason | Charges | INR 25,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| ODI- NOC Charges | Charges | INR 25,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| ODI- Reporting of Corporate Guarantee/Performance Guarantee Issuance, Amendment or Cancellation | Charges | INR 5,000 |
| ODI - Scrutiny of Bank Guarantee of UINs where HDFC Bank is not AD | Charges | INR 5,000 |
| ODI - Reporting of non financial commitment like pledge of shares, creation of charge, other fund or non fund based | Charges | INR 5,000 |
| ODI - Reporting of non fund based financial commitment like swap of shares, merger/demerger/amalgamation, capitalization of receivables, conversion of loan to equity etc | Charges | INR 5,000 |
| ODI - Disinvestment Reporting | Charges | INR 25,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| ODI - Draft Vetting - Remittance / Guarantees | Charges | NIL as we are charging at the time of UIN generation and subsequent txns |
| ODI - Draft Vetting - Disinvestment | Charges | NIL as we are charging at the time of reporting of disinvement |
| ODI ECB, FDI - Reminders sent for overdue cases - APR/ Share Certificate/ Disinvestment / FDI / ECB 2 | Charges | INR 100 per month |
| ECB - ECB 2 | Charges | INR 1,000 |
| ECB - Revised form ECB | Charges | INR 5,000 |
| ECB - ECB new case - fresh LRN Issuance | Charges | INR 25,000 |
| ECB - Change of AD Bank | Charges | INR 25,000 |
| ECB - ECB prior approval cases - Presentation to RBI (charges to be taken at the time of submission) | Charges | INR 10,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| ECB - NOC Charges | Charges | INR 25,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| Current Account - RBI Presentation for approving / regularisation of current account transactions (charges to be taken at the time of submission) | Charges | INR 5,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| Commodity Hedging - Approval letter issuance | Charges | INR 5,000 |
| Commodity Hedging - Amendment to approval letter issuance - due to customers request | Charges | INR 1,000 |
| Commodity Hedging - Quarterly Reporting | Charges | INR 1,000 |
| FDI - FIRMS Reporting where funds received in other bank | Charges | INR 30,000 |
| FDI - FIRMS Reporting where funds received in HDFC Bank | Charges | INR 15,000 |
| FDI - NOC charges - Pledge etc, | Charges | INR 25,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| FDI - FDI Outward Remittances, (Transfer of shares from NR to R, Buy-back of shares, offer for sale against sale of shares under IPO, return of excess funds / full amount received against FDI, Remittance against Liquidation, etc.) | Charges | 5,000 for scrutiny + 0.2 % Commission + INR 500 (Swift) |
| FDI - RBI Presentation for getting previously reported details / confirmation (post approval received from RBI – for retrieval of records) | Charges | INR 10,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| FDI - RBI Presentation for getting approval for FDI transaction - physical letter / refund of fdi, sectoral cap, land border related, etc (charges to be taken at the time of submission) | Charges | INR 10,000 minimum or 0.02% of the total amount based on complication / efforts involved in the case |
| FDI - Draft Vetting - Reporting | Charges | INR 1,000 per transaction (irrespective of number of times it has been checked prior to reporting) |
| FDI - Draft Vetting - Remittance | Charges | INR 1,000 per transaction (irrespective of number of times it has been checked prior to reporting) |
| FDI - FIRMS - Rejected cases | Charges | INR 1,000 per rejection |
| OBR - Approval letter Issuance | Charges | INR 15,000 |
| LOBOPO - Approval letter Issuance | Charges | INR 15,000 |
| LOBOPO - AAC Reporting | Charges | INR 2,000 |
| LOBOPO - Renewal - Conversion to BO, extension of LO and PO | Charges | INR 15,000 |
| LOBOPO - Reminders sent for overdue cases - extension of validity, AACs | Charges | INR 100 per month |
| LOBOPO - Change of AD Bank | Charges | INR 25,000 |
| All Products | Charges/Commission/ SWIFT/Courier | Charges |
| Funds trf Nostro to Nostro | Charges | Nil |
| Commission | 0.25% min 2,000 | |
| SWIFT/Courier | INR 500 | |
| Additional Reminder - SWIFT | SWIFT/Courier | INR 500 |
| Additional Commission (over regular charges) in lieu of Non Conversion | Commission | 0.15% for EEFC, min 500 |
| Miscellaneous | Charges/Commission/ SWIFT/Courier | Charges |
| Request for approval forwarding to Regulators or Authorised dealers | Charges | INR 1,000 |
| Enquiry related to records more than 1 year old | Charges | 750 per record |
| All other NOCs issued / received to /from other Banks (for Pledge of shares / collections docs, etc) | Charges | INR 1,000 |
Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.
Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realise 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.
Goods and Services Tax :
All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above.
Presently, the applicable rate of GST are as under :-
1. On amount of commission, fees and charges paid - @ 18% of amount of the commission/fees/charges.
2. On amount of foreign currency exchanged as per below slab :
| Amount of Currency Exchanged (ACE) | GST rates | Minimum GST | Maximum GST |
|---|---|---|---|
| Upto Rs. 1 lakh | 0.18% of ACE | Rs. 45 | Rs. 180 |
| Between Rs. 1 lakh and up to Rs. 10 lakh | INR 180 + 0.09% of ACE | Rs. 180 | Rs. 990 |
| Above Rs. 10 lakh | INR 990 + 0.018% of ACE | Rs. 990 | Rs. 10,800 |
Note : All commission, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).