Full Value Remittance Service
Are you seeking a hassle-free way to send money abroad without deductions? HDFC Bank offers a solution through its Full Value Remittance facility for Trade Outward remittances. This service ensures that foreign bank charges are not deducted, preventing reconciliation issues and uncertainty about intermediary fees. When transferring USD, EUR or GBP to beneficiaries overseas, you can choose the full value payment option, ensuring they receive the entire amount without any deductions. This option not only saves you money but also streamlines the process, making it one of the most cost-effective methods for international money transfers.
Looking to send money abroad to an entity without incurring foreign bank charges? Look no further. HDFC Bank offers a Full Value Remittance facility for your Trade Outward remittance, ensuring:
- Prevention of reconciliation issues caused by foreign bank charge deductions.
- Ensuring the recipient receives the full amount without any deductions.
- Elimination of uncertainty regarding intermediary bank charges.
When you transfer USD, EUR, or GBP via outward remittances, you can opt for this facility to ensure your beneficiary receives the entire amount without any foreign bank charges. It's a great way to save on extra fees.
Key Points:
- Avail 100% waiver of Full Value Charges in USD, EUR, and GBP until 31st March 2026.
- This facility is available for both individual and trade outward remittances.
- Currently applicable only for USD, EUR, and GBP transactions.
- Ensure to select this facility when initiating outward remittances in these currencies.
Note: Charges levied by the beneficiary's bank are not covered under this facility and will depend on their account setup.
Frequently Asked Questions
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.
Customers who transfer funds abroad for trade purposes in USD, GBP and EUR can make available this facility.
To avail of this facility, you must either mention this in a request letter or fill out the A2 form.
The Full Value Trade Remittance facility is available at the Trade Desk. You must opt for this facility while initiating an outward remittance.
This facility is currently available in three currencies: USD, EUR, and GBP.
Charges by the beneficiary's bank as per their account setup with the beneficiary, if any, are not covered under this facility.
This facility is permitted to all countries except those under OFAC and FATF sanction list.
You can now avail 100% waiver of Full Value Charge for the Full Value remittance facility in USD, EUR, and GBP till 31 March 2026..