Women Savings Account

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Capital Account Transactions

About Fund Transfers

Transfer money easily to India via cheques or demand drafts

Transferring funds from Canada to India has become a seamless process, thanks to the advancements in international banking and online transactions. Whether it’s for family support, investment, or payment for services, the ability to move money across borders efficiently and securely is crucial.

Key Features of Fund Transfer from Canada to India

Transfer Details

  • You can send cheques or Demand Drafts to your branch in India, along with a letter specifying the account number for crediting the funds.

  • We accept cheques and drafts in the following currencies: USD, GBP, EUR, CAD, SGD, AUD, NZD, HKD, CHF, SEK, NOK, AED, SAR, and ZAR

  • Click here to learn about the clearing time for Foreign Currency Demand Drafts and cheques.

Fund Transfer

Fees and 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

  • Foreign Currency (FCY) Cash - Selling: No charge

  • Foreign Currency (FCY) Cash - Encashing: No charge

Click here to view the details of the fees and charges.

Fund Transfer

Frequently Asked Questions

You first need to obtain a cheque or demand draft in the desired currency (e.g. Canadian dollars) that you want to send to India. Write a letter of instruction that includes the account number of the recipient in India where you want the funds to be credited. Mail the cheque/demand draft along with the letter of instruction to your HDFC Bank branch in India. The funds will then be credited to the recipient's HDFC Bank Account in India.

To send a demand draft to India from Canada, follow these steps:

  1. Obtain a foreign currency Demand Draft from your bank in Canada in the desired currency (e.g., USD, GBP, EUR, CAD, etc.).
  2. Ensure the Demand Draft is drawn in the name of the beneficiary in India.
  3. Attach a letter of instruction to the Demand Draft, mentioning the account number of the beneficiary in India where the funds should be credited.
  4. Mail the Demand Draft: Mail the demand draft and the letter of instruction to your HDFC Bank branch in India.
  5. Funds Credit: The funds will be credited to the beneficiary's HDFC Bank Account in India

HDFC Bank offers a Telegraphic Transfer or Wire Transfer Service to transfer funds from Canada to India. You can remit funds from any bank in the world to India using this service.