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About Money Transfers

Send money to India easily from anywhere in the world

Money Transfer from foreign country to India is straightforward with HDFC Bank's reliable money transfer services. Whether you're sending funds for family support, investments, or other purposes, our global remittance options ensure seamless transactions. Utilise telegraphic or wire transfers through our extensive network of Correspondent Banks worldwide to deposit funds directly into HDFC Bank accounts in India. We guarantee secure and efficient transfers, adhering to all regulatory requirements. With transparent fee structures and clear instructions, you can trust HDFC Bank to handle your international money transfers with ease, providing peace of mind throughout the process.

Key Services for Money Transfer from Other Countries

Telegraphic/Wire Transfer

You can simply send money from abroad to HDFC Bank using Telegraphic/Wire transfer via our global correspondent banks. You can also initiate FCNR deposit booking using this method.

Easily fill out the remittance form with-

  • HDFC Bank's Nostro Account number. View now.
  • HDFC Bank's SWIFT Code by default: HDFCINBBXXX or as per your branch's location -
    - Mumbai: HDFCINBBJPR
    - Delhi: HDFCINBBDEL
    - Bengaluru: HDFCINBBBNG
    - Chennai: HDFCINBBCHE
    - Hyderabad: HDFCINBBHYD
    - Pune: HDFCINBBPNE
  • Your HDFC Bank NRE account number (Mention your customer ID incase you wish to book FCNR(B) deposit with HDFC Bank India)
  • Specific instruction in Remarks i.e. field 70 (Remitter information), such as
    • "Book FCNR Deposit for a tenure of ____ months in <mention the foreign currency in which you desire to book FCNR>. View interest rate

Know More

Telegraphic/Wire Transfer

Funds Transfer through Cheques/Demand Drafts/Traveller’s Cheques

Choose the reliable method of transferring funds by sending cheques or Demand Drafts to your Indian branch, accompanied by a letter of instruction detailing the beneficiary account number.

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Funds Transfer through Cheques/Demand Drafts/Traveller’s Cheques

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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How to book FCNR ?

Step 1:

  • NRI/PIO customer to submit a remittance request from outside India by mentioning below –

Field What to enter
Beneficiary Name <Customer’s name, as per your HDFC Bank’s records>
Beneficiary Account Number <HDFC Bank Customer ID 1234567890>
Beneficiary Bank HDFC Bank Ltd
SWIFT Code - HDFCINBBXXX

or as per your branch's location -

- Mumbai: HDFCINBBJPR
- Delhi: HDFCINBBDEL
- Bengaluru: HDFCINBBBNG
- Chennai: HDFCINBBCHE
- Hyderabad: HDFCINBBHYD
- Pune: HDFCINBBPNE
Correspondent Bank Details Click here
Additional Information
(mandatory)		 Book FCNR deposit for a tenor of <___> months <___> Customer ID: <___________>


Step 2:

  • Fill FCNR booking form and ensure to choose the minimum tenure: 3 years (for higher interest rate on 6 major currencies – 1 year lockin) then form to be signed by all the holders.
  • Fill Swap window declaration (for higher interest rate on 6 major currencies – 1 year lockin) then declaration to be signed by all the holders.
  • Send both duly filled and signed form and declaration from registered email ID to RM/Branch alongwith swift copy (remittance details)

Step 3:

  • As soon as you get notified by HDFC Bank via email or Relationship manager or Branch manager stating that the foreign currency funds are received in HDFC bank’s Nostro account, kindly submit disposal instruction to your Relationship manager or Branch manager with purpose code: P1301 - Family Maintenance

New FCNR (B) Deposit will get booked provided the request is otherwise in order.

For any assistance, reach out to your Relationship manager or Branch Manager or 24x7 NRI Phonebanking

Incase you do not hold an HDFC Bank account yet and still wish to book FCNR Deposit then send an email on fcnrswap@hdfc.bank.in

Funds Transfer through Cheques / Demand Drafts / Traveller’s Cheques

Frequently Asked Questions

There's no maximum amount an NRI can send, but the money must be earned legally. Also, taxes must be paid on this money in the country where it was earned.

Sending money back home to India from abroad comes with several advantages. It's a reliable way to support family and loved ones financially. Many find it convenient as it ensures quick access to funds for various needs such as education, healthcare, or everyday expenses. Moreover, international transfers often come with competitive exchange rates and lower fees compared to traditional banking methods, making it a cost-effective choice. Overall, it's a secure and efficient means to manage finances across borders.

Money sent from abroad to India is generally not taxable if it is sent to specific family members or for specific purposes. However, there are tax implications for other recipients and country-specific regulations that must be considered.

There are Nil charges on sending inward remittances from abroad to HDFC Bank Ltd. India provided the remitter selects "OUR" while sending foreign currency funds from abroad.

  • Quick, seamless, and effortless
  • Easy, secure, and reliable online process
  • Competitive Forex rates
  • Instant Credit within Beneficiary Accounts, subject to country of transfer and cut-off timings.