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About Telegraphic/Wire Transfers

Quick and Secure Fund Transfers Anytime, Anywhere

With increasing global connectivity and financial integration, wire transfers offer practicality and reliability. They are crucial for supporting families back home, managing international business operations, and capitalising on investment opportunities. 

Key Features of Telegraphic/Wire Transfer from the Middle East to India

Streamlined Process

Transaction Details

For remitting funds to India easily, please fill in the remittance form with the following details:

  • HDFC Bank's Nostro Account number.

  • HDFC Bank's SWIFT Code.

  • Your or the beneficiary's HDFC Bank account number.

  • Disposal instructions, such as opening a new NRE Savings Account or booking a new FCNR Deposit for 1 year in USD.

SWIFT Codes

  • Access our list of correspondent Bank Accounts for remittances here.

Fund Transfer

Remittance Form

  • Download the SWIFT/Wire Transfer Form by clicking here.
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.

Fund Transfer

Frequently Asked Questions

Generally, money transferred abroad to India is not taxable, especially if sent to a close relative. However, if the amount is above ₹50,000 and sent to a friend or acquaintance, the excess amount is taxable as income for the receiver in India. Please note that foreign currency conversion transactions are subject to service tax as per the rules of the Government of India.

Here are some key features of HDFC Bank Wire Transfer:

  • Secured channel for fund transfer.
  • Direct Credit to your HDFC Bank Account.
  • Minimal details required, such as Nostro account number, SWIFT code, and beneficiary account details

Wire transfers from the Middle East to India offer several advantages. They are fast and secure. They also provide clear transaction records and typically involve minimal fees compared to other methods. This convenience allows people to manage their finances across international borders with ease.