HDFC Bank Capital Account Transaction Services For SMEs Are…

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FEES & CHARGES

Details

FDI - FIRMS Reporting where funds received in HDFC Bank Charges INR 15,000
FDI - FIRMS Reporting where funds received in other bank Charges INR 30,000
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)
ECB new case - fresh LRN Issuance Charges INR 25,000


Trade Services Fees & Charges ( Effective from 1st May 2024 )

Letter of Credit Charges/Commission
/ SWIFT/Courier		 HDFC Bank - Revised Trade Charges
Letter of Credit FCY issuance (FCY/LCY) Charges Documentation charge - INR 1,500 ( If applicable)
Commission Fedai charges * / IBA ** Min INR 2,000.
SWIFT/Courier FCY - INR 2,000
SFMS / LCY - INR 1,000
Letter of Credit FCY amendment (FCY/LCY) Charges Nil
Commission FEDAI */IBA **, min INR 1,500 Extension - same as LC issuance
SWIFT/Courier FCY - INR 750
SFMS / 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
SFMS / 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
SFMS / 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 --
SWIFT/Courier Swift charges of LC to be recovered in case of involvement of Swift
Guarantee Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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 proicessing 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 HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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 - addl 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
NOC issued to other Bank for Buyer's Credit Charges INR 5,000
     
     
Non Import Remittances Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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 HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Exports Bills despatch Charges Nil
Commission 0.0625% Min INR 1,500
SWIFT/Courier INR 1,000
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 payment/XOS reporting) Charges INR 500 Half Yearly
Commission Nil
SWIFT/Courier Nil
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 1,500 (same for realisation from other bank)
SWIFT/Courier Nil
GR waiver/Approval Charges INR 1,500
BRC issuance (per Shipping Bill) Charges INR 150
Crystallisation Fee Commission NIL
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 1,000
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
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 HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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 payment received) Charges INR 500 per half-year
Inward Remittance Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Inward Remittance Charges Nil
Commission Nil
SWIFT/Courier Nil
Inward Remittance return of funds Charges USD 50
Commission Nil
SWIFT/Courier Nil
FIRC charges Charges 200, duplicate 500
For Credit Advise sent by email centrally by e-mail (in lieu of FIRC ) should be charged to Rs 50 for current account only
Processing of Inward remittances bene acc / name mismatch Charges NIL
Commission Nil
SWIFT/Courier Rs. 250 per swift on upon application of funds
Capital Account transactions Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 6th May 2024)
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
NO CHANGE
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 HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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 HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
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
AD Code Certificate issuance Charges INR 500
Service tax certificate / Duplicate Advices Charges INR 250
Service tax as per sub rule (7B) of Rule 6 of the Service Tax (Amendment) Rules 2011 For Amount of currency exchanged up to Rs.100,000 - 0.14% of amount, min Rs.35/-
For Amount of currency exchanged above Rs.100,000 up to Rs.1,000,000 - Rs.140 + 0.07% of incremental amount above Rs.100,000
For Amount of currency exchanged above Rs.1,000,000 - Rs.770 + 0.014% of amount above Rs.1000,000, subject to maximum of Rs.7000		  
Education Cess Exempted with effect from 1st June, 2015  


* 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).

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