| Amount of Currency Exchanged (ACE) | GST rates | Minimum GST | Maximum GST |
|---|---|---|---|
| Up to ₹1 lakh | 0.18% of ACE | ₹45 | ₹180 |
| Between ₹1 lakh and up to ₹10 lakh | ₹180, plus 0.09% of ACE | ₹180 | ₹990 |
| Above ₹10 lakh | ₹990, plus 0.018% of ACE | ₹990 | ₹10,800 |
Introduction
Navigate HDFC Bank's competitive fees for Telegraphic Wire Transfers from Australia. Streamlining your international payment processes with clarity and ease.
Fees & Charges
| Description of Charges | Forex Services | |
|---|---|---|
| Foreign Exchange Transactions | ||
| Remittance Outward* | Up to $500 or equivalent | ₹500 flat |
| Above $500 or equivalent | ₹1000 flat | |
| Remittance Inward | No Charge | |
| Other Foreign Exchange Transactions | ||
| FCY Cash - Selling | No Charge | |
| FCY Cash - Encashing | No Charge | |
| FCY Demand Drafts - Issuance | Up to $500 or equivalent | ₹200 flat |
| Above $500 up to $10,000 or equivalent | ₹300 flat | |
| Above $10,000 or equivalent | ₹500 flat | |
| FCY Demand Drafts - Cancellation | ₹50 per Demand Draft | |
| FCY Cheque Collection (FCY personal cheque, FCY DDs sent for collection) * | 0.25% of Indian Rupee value (minimum ₹250 per transaction). | |
| Plus courier of ₹50 per cheque. | ||
| For transactions up to $500 - ₹200 per transaction plus courier charge ₹50 per instrument. | ||
| The charges mentioned above are charges levied by HDFC Bank only and do not include any charges that may be levied by originating/correspondent banks. | ||
| FCY Cheque Return* | Under Cash Letter arrangement - ₹100 per cheque. Under the Final Credit service arrangement - ₹250 per cheque, plus Correspondent Bank Charges USD Cheque - USD 10 per cheque GBP Cheque - GBP 15 per cheque (for any amount below GBP 1000) GBP Cheque - GBP 25 per cheque (for any amount above GBP 1000) AUD Cheque - AUD 35 per cheque SGD Cheque - SGD 12 per cheque AED Cheque: ₹100 per cheque plus drawee bank charges CAD Cheque - CAD 10 per cheque EURO Cheque - EUR 100 per cheque plus drawee bank charges Other Currencies - $10 -50 per cheque plus drawee bank charge |
|
| FIRC Charge for Inward Remittance & FCY Cheque Collection | ₹200 per FIRC. |
* The charges mentioned above are levied by HDFC Bank only and do not include any charges that may be levied by originating/correspondent banks.
Please note that cheques drawn in one currency but payable in another country with a different currency will take longer to clear and may attract charges from various correspondent banks according to their tariff schedules, over which we have no control. For example, a cheque drawn in USD payable at a bank in Singapore, a cheque drawn in GBP payable at a bank in South Africa, or a cheque drawn in USD payable in Canada.
Goods and Services Tax:
All foreign exchange transactions are subject to the levy of Goods and Services Tax (GST), which is payable in addition to the abovementioned charges.
Presently, the applicable rates of GST are as follows:
- On the commission, fees, and charges paid - @18% of the commission/fees/charges.
- On the amount of foreign currency exchanged – as per the slab below.
Note: All commissions, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).
Your queries answered here
No, HDFC Bank does not levy any hidden fees or charges on remitting funds Australia to India. However, senders may have to bear the usual or standard administrative charges such as correspondent bank’s fees, receiving bank fees, and currency conversion costs. These fees can vary widely, impacting the total amount received by the recipient. As a sender, you must always inquire about these fees upfront to avoid sudden surprises.
HDFC Bank imposes a flat fee for telegraphic wire transfers from Australia to India. For transfers up to $500, the fee is ₹500. For transfers exceeding $500, the fee is ₹1,000. These fees exclude any additional charges levied by originating or correspondent banks.
HDFC Bank's charges for outward remittance or telegraphic wire transfers from Australia are ₹500 for amounts up to $500 and ₹1,000 for amounts above $500. The bank does not levy any inward remittance charges, but certain standards, additional administrative charges may also apply.