Telegraphic/Wire Transfer from Southeast Asia

When sending money through Wire Transfer from Southeast Asia to India via HDFC Bank, you can enjoy the benefit of no charges for an inward remittance. However, there is a nominal fee of ₹200 per FIRC applied by HDFC Bank for the Foreign Inward Remittance Certificate related to inward remittance and the collection of foreign currency cheques.

Tax implications for remittances vary depending on the recipient and the purpose of the transfer. In India, transfers from family members are not subject to tax. However, any amount exceeding ₹50,000 received in a year from non-relatives is taxable as income and should be reported accordingly.

When transferring funds from Southeast Asia to India through HDFC Bank’s Telegraphic Wire Transfer, you can expect the following features:

• Convenience: Avail of this facility to transfer money from a local bank in Southeast Asia to your beneficiary’s HDFC Bank Account in India.

• Quick Process: The transfer is quick and efficient, ensuring timely remittance.

• Flexible Disposal Instructions: Provide HDFC Bank’s Nostro Account number, SWIFT Code, and your or your beneficiary’s account number with HDFC Bank.

Instant wire transfers from Southeast Asia to India offer secure fund transfers, ensuring quick credit to Indian bank accounts. Additionally, they provide real-time tracking and confirmation, enhancing transparency and convenience for both senders and recipients.