Women Savings Account
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About Fund Transfers

Transfer money easily to India via cheques or demand drafts

HDFC Bank offers a seamless Fund Transfer service for NRIs residing in Europe, enabling them to send money to India easily. Customers can dispatch cheques or Demand Drafts to their designated HDFC Bank branch in India, accompanied by a letter of instruction that specifies the account number for credit. 

Key Features of Fund Transfer from the USA to India

Transfer Details

  • You can send demand drafts or cheques to your branch in India with a letter stating the account number for the deposit.

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

  • Click here to check the clearing time for your foreign currency cheques and demand drafts.

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

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

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

Fund Transfer

Frequently Asked Questions

For fund transfers to India from Europe through HDFC Bank, you can use Quickremit, IndiaLink, or Telegraphic/Wire Transfer. Quickremit offers fast and secure online transfers. IndiaLink allows you to send money via partner exchange houses, while Telegraphic/Wire Transfer is reliable for larger amounts. Funds reach HDFC Bank Accounts instantly or other banks within 24 hours. 

You can post Demand Drafts to your Indian branch, accompanied by a letter of instruction that includes the account number for the funds.

To send a cheque to India from Europe, you can follow these steps:

  1. Draw the Cheque:

    • Draw a foreign currency cheque in the desired currency (e.g., USD, GBP, or EUR) from an overseas bank.

    • Ensure the cheque is payable to your bank account in India.

  2. Deposit the Cheque:

    • Deposit the cheque in person or through a messenger at a bank branch in India.

    • You can also send it by post or courier.