To avail of this facility, you must either mention this in a request letter or fill out the A2 form. 

For assistance with Trade Remittance Services at HDFC Bank, you can contact the customer service team through various channels. This includes the customer care hotline, which is typically available 24/7 for immediate assistance with queries or issues related to remittances. Alternatively, visiting a local branch allows for face-to-face interaction with banking professionals who can provide personalised guidance and support. Online platforms such as the bank's official website or mobile banking app may also offer resources, FAQs and chat support options for convenient assistance. Whatever your preference, HDFC Bank aims to ensure that customers receive prompt and accurate assistance with their trade remittance needs.

Customers who transfer funds abroad for trade purposes in USD, GBP and EUR can make available this facility.

For processing a trade remittance, HDFC Bank typically requires certain essential documents. These include a duly filled remittance application form, which outlines details such as the beneficiary's name, account number, and bank details. Additionally, proof of the purpose of the remittance, such as an invoice or contract, may be necessary to comply with regulatory requirements. Identification documents of the sender, such as a passport or PAN card, are also essential to verify the transaction. Ensuring all required documents are accurately filled and submitted helps streamline the remittance process and ensures compliance with both local and international regulations governing such transactions.

The Full Value Trade Remittance service offered by HDFC Bank is available for both individuals and businesses looking to send money abroad in USD, EUR, or GBP through outward remittances. This service ensures that the recipient receives the entire transferred amount without any deductions for foreign bank charges, helping to avoid reconciliation issues and uncertainty regarding intermediary fees. It's particularly beneficial for anyone seeking to maximise the value of their international transfers, especially with the current waiver of Full Value Charges until September 30, 2024. Users must select this option during the remittance initiation process to ensure the full amount reaches the beneficiary without deductions.

The Full Value Trade Remittance facility will enable you to send money abroad that ensures your beneficiary receives the entire amount without any foreign bank charges.

The Full Value Trade Remittance facility is available at the Trade Desk. You must opt for this facility while initiating an outward remittance.

The Full Value Trade Remittance service offered by HDFC Bank provides several compelling benefits for individuals and businesses conducting outward remittances in USD, EUR, or GBP. By opting for this service, users ensure that the recipient receives the entire transferred amount without deductions for foreign bank charges, thus avoiding reconciliation issues and uncertainties related to intermediary fees. This feature not only enhances transparency and reliability in international money transfers but also helps users save on additional costs. Moreover, with the current waiver of Full Value Charges until September 30, 2024, the service offers a cost-effective solution for maximising the value of cross-border transactions.

This facility is permitted to all countries except those under OFAC and FATF sanction list.

This facility is currently available in three currencies: USD, EUR, and GBP.

The Full Value Trade Remittance offered by HDFC Bank provides several key features aimed at enhancing the efficiency and transparency of international money transfers.

• It ensures that when sending USD, EUR, or GBP via outward remittances, the recipient receives the entire transferred amount without deductions for foreign bank charges. This feature helps prevent reconciliation issues and eliminates uncertainties related to intermediary bank fees.
• Additionally, HDFC Bank currently offers a waiver of Full Value Charges until September 30, 2024, further incentivising users to opt for this service.
• It's an ideal choice for individuals and businesses looking to maximise the value and certainty of their cross-border transactions.

Full Value Trade Remittance, offered by HDFC Bank, ensures that when you send money abroad in USD, EUR, or GBP through outward remittances, your beneficiary receives the entire amount without any deductions for foreign bank charges. This facility aims to prevent reconciliation issues arising from such deductions and eliminates uncertainties related to intermediary bank fees. It's a beneficial option for individuals and businesses looking to maximize the funds transferred internationally, especially with the current waiver of Full Value Charges until September 30, 2024. It's crucial to opt for this facility during the transaction process to guarantee the full transfer amount reaches the intended recipient.

Yes, charges are typically associated with trade remittance services offered by HDFC Bank. These charges may vary depending on factors such as the amount being transferred, the destination country, and the mode of transfer (e.g., online transfer or wire transfer). Additionally, foreign exchange conversion fees and correspondent bank charges may apply. However, HDFC Bank occasionally offers waivers or discounts on these fees for specific currencies or promotional periods, aiming to provide cost-effective solutions for international money transfers. It's advisable to check the current fee structure and any applicable waivers before initiating a trade remittance to understand the total cost involved.

You can now avail 100% waiver of Full Value Charge for the Full Value remittance facility in USD, EUR, and GBP till June 30, 2022.

Charges by the beneficiary's bank as per their account setup with the beneficiary, if any, are not covered under this facility.