Money Transfer From South East Asia

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Effortless Remittances from Southeast Asia to India

Sending money from Southeast Asia to India through HDFC Bank is a straightforward process. Whether you want to remit funds for family support, investments, or any other purpose, HDFC Bank provides competitive exchange rates and low fees. 

Key Services for Money Transfer from Southeast Asia

Telegraphic /Wire Transfer

  • Make a telegraphic/wire transfer to transfer funds from your local bank to the recipient's HDFC Bank Account in India, using our corresponding banks worldwide.
  • Important: From December 28, 2015, onwards, we will no longer process remittances in Turkish Lira (TRY) and Euro (EUR) involving the Royal Bank of Scotland (RBS) following the termination of our arrangement on December 31, 2015.

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Telegraphic /Wire Transfer

Fund Transfer

Funds Transfer through Cheques/Demand Drafts/Traveller’s Cheques

  • Opt for the most reliable and proven method of funds transfer by sending cheques/Demand Drafts to your branch in India, accompanied by a letter of instruction specifying the beneficiary account number.

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Fund Transfer

Fees & Charges

Foreign Exchange Transactions:

Remittance Outward-

  • Up to USD 500 or equivalent: ₹500 (flat)

  • Above USD 500 or equivalent: ₹1,000 (flat)

Remittance Inward- No Charge

Other Foreign Exchange Transactions:

  • FCY Cash - Selling: No Charge

  • FCY Cash - Encashing: No Charge

Click here to know more about the fees and charges.

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Frequently Asked Questions

The charges for sending money from Southeast Asia to India through HDFC Bank are structured under their Forex Services. For foreign exchange transactions, there is no charge for inward remittances. However, there is a FIRC (Foreign Inward Remittance Certificate) charge of Rs. 200 per FIRC for inward remittances and the collection of foreign currency cheques.

As an NRI, you won't be taxed on money sent to India. However, recipients in India may face tax depending on the purpose. Gifts exceeding ₹50,000 to non-relatives are taxable under Section 56(2)(x) of the Income Tax Act, 1961.

  • Secure, reliable and seamless transactions
  • Effortless process through the HDFC Bank website
  • Competitive Forex Rates
  • Instant Credit within Beneficiary Accounts, subject to cut-off timings.

Enjoy competitive exchange rates and affordable fees when sending money from Southeast Asia to India. HDFC Bank ensures speedy transfers, catering to family assistance, investments, and business dealings. Our services provide effortless transactions, meeting diverse local needs and offering convenience and trustworthiness for both individuals and businesses internationally.