Women Savings Account
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About Fund Transfers

Transfer money easily to India via cheques or demand drafts

Innovation in international banking has facilitated smooth fund transfers from Southeast Asia to India. Whether you are sending money for family maintenance, investments, or service payments, there are now multiple options to ensure efficiency and security. Competitive exchange rates, lower fees, and a speedy transaction process have greatly simplified the task of remitting funds to India.

Key Features of Fund Transfer from Southeast Asia to India

Streamlined Process

Transaction Details

Transfer funds from a local bank outside India to your beneficiary's HDFC Bank account in India via our global correspondent banks using Telegraphic/Wire Transfer. Additionally, you can open a Rupee or Foreign Currency Fixed Deposit through a wire transfer remittance.

To remit funds to India, please provide the following details on the remittance form:

  • HDFC Bank's Nostro Account number.

  • HDFC Bank's SWIFT Code.

  • The beneficiary's HDFC Bank account number.

  • Disposal instructions (e.g., open a new NRE Savings Account or book a new FCNR Deposit for 1 year in USD).

List of SWIFT Codes and Nostro Account Numbers

  • Click here for the list of Correspondent Bank Accounts for remittances.
Fund Transfer

Remittance form

Click here to download the SWIFT/Wire Transfer Form

  • When remitting funds for an FCNR Deposit, do not mention your NRE/NRO Savings Account Number to prevent conversion to INR. Instead, use your customer ID number for reference.

  • Please include the purpose code in field 70/72 of the remittance form. [Click here for the list of purpose codes].

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

To send a demand draft from Southeast Asia to India through HDFC Bank, follow these steps:

  1. Prepare a demand draft in foreign currency.

  2. Physically send the demand draft to your HDFC Bank branch in India.

  3. Include a letter of instruction with the account details of where the demand draft must be deposited.

To proceed with fund transfer from Southeast Asia to India, you can use the following services:

  • Telegraphic/Wire Transfer: Transfer funds from a local financial institution to an HDFC Bank account in India.

  • Transfer through Cheques/Demand Drafts/Traveller’s Cheques.

To send a cheque from Southeast Asia to India with HDFC Bank, proceed as follows:

  1. Prepare a cheque in the designated foreign currency.

  2. Forward the cheque to your HDFC Bank branch in India.

  3. Provide a letter of instruction specifying the recipient account details for processing.