Women Savings Account
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About Fund Transfers

Transfer money easily to India via cheques or demand drafts

To transfer money to India via demand drafts and cheques is straightforward and secure with HDFC Bank's reliable services. We ensure efficient crediting to Indian accounts for remittances in USD, GBP, EUR, and other supported currencies. The process includes clear instructions and competitive charges, ensuring a smooth transfer experience. This guide details the procedures, supported currencies, and associated fees for sending demand drafts and cheques to India, offering essential information to facilitate international fund transfers seamlessly.

Key Features of Fund Transfer from Other Countries to India

Transfer Details

  • Send cheques / Demand Drafts to your branch in India along with a letter of instruction mentioning the account number where the funds have to be credited. 

  • We have an arrangement to collect cheques / drafts in the following currencies:  
    USD, GBP, EUR, CAD, SGD, AUD, NZD, HKD, CHF, SEK, NOK, AED, SAR, ZAR.

Click here to know the clearing time for your Foreign currency Cheques and Foreign currency Demand draft

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.

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Frequently Asked Questions

Sending cheques from abroad to India incurs bank commission, currency conversion, clearing, and correspondent bank fees, varying by bank.

Money sent via cheques from abroad to India may be taxed if it is non-exempt income or gifts over ₹50,000 from non-relatives. Repatriated savings are generally non-taxable with proper documentation.

  • Multiple Transfer Modes: Options include wire transfers, bank drafts, and online remittances.

  • Currency Conversion: Funds are converted to INR at prevailing exchange rates.

  • Fees and Charges: May involve transfer fees, exchange margins, and intermediary bank charges.

  • Tracking and Security: Transfers can be tracked online and are secured through encryption protocols.

Here are the key benefits of fund transfers from abroad to India:

  • Easy transfers through online banking, apps, or money transfer services.

  • Minimal currency conversion charges.

  • Transactions are monitored for fraud prevention. 

  • Transfers can be tracked in real-time for transparency.

  • Repatriated savings are often tax-exempt in India with proper documentation.