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More Benefits Than Ever Before
Our Services
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Inward Remittances
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Outward Remittances
More About Remittance Services
HDFC Bank’s Remittance Service allows you to send and receive money globally. The service uses a highly secure and fast interbank remittance channel (SWIFT) for fund transfers. You can track your transfer through the online tracker and via email. The service supports direct credit to your or your beneficiary’s HDFC Bank Account and other banks across India.
| Description | Charges | Commission | SWIFT/Courier |
|---|---|---|---|
| Inward Remittance | Nil | Nil | Nil |
| Non-import payment TT | Nil | 0.20% min ₹ 1,000 | ₹ 500 |
Click here for more details on fees and charges of Remittance Services
*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Frequently Asked Questions
Trade Remittance Services are services that facilitate international payments for goods and services. They ensure efficient and compliant transfer of funds between trading partners across borders, supporting global trade transactions and financial settlements.
Trade Remittance Services are typically used by businesses engaged in international trade, including exporters, importers, manufacturers, distributors, and wholesalers.
You can setup up Trade Remittance Services by requesting a call back from our representative. Alternatively, you can visit the nearest HDFC Bank branch to setup Trade Remittance Services for your business.
Yes, exchange rates impact the cost of trade remittance solutions. Fluctuations in exchange rates can affect the amount received or paid in foreign currency, influencing the overall cost and profitability of international transactions.
HDFC Bank’s trade remittance services are very secure, as they use a highly secure and fast interbank remittance channel (SWIFT) for fund transfers. The bank also provides full-value remittances, preventing any reconciliation issues that may arise due to the deduction of foreign bank charges.