Money Transfer from UK

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About Money Transfers

Hassle-Free Remittances from the UK to India

Sending money from the United Kingdom to India is a vital financial service, made available through a link that supports your various needs, from family support to business transactions and investment requirements. This process has become increasingly streamlined with advancements in banking technology, offering secure and efficient transfers. 

Key Services for Money Transfer from the UK

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

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Send Money from the UK to India

Fund Transfer Via Cheques/DD

  • UK to India Transfers via Cheques/DD
    HDFC Bank provides traditional fund transfer options such as cheques, demand drafts, and traveller’s cheques, and it is known for its reliability in transferring funds from the UK to India. Simply send the funds directly to your Indian bank branch with a letter of instruction specifying the local beneficiary account number.

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Fund Transfer Via Cheques/DD

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

Your queries answered here

The charges for sending money from the United Kingdom to India through HDFC Bank are as follows:

  • For amounts up to $500 or equivalent: ₹500 per transaction.
  • For amounts above $500 or equivalent: ₹1,000 per transaction.

These charges are in addition to any exchange rate markup and correspondent bank fees that may apply.

The Double Taxation Avoidance Treaty between the UK and India ensures no income tax is levied on transferring tax-paid funds as long as they are remitted to your account or a relative's account (e.g., parent, sibling, child).

The maximum limit for money transfer from the United Kingdom to India through HDFC Bank is as follows:

  • Maximum limit per transaction: $5,000.
  • Up to two transactions are allowed per day.
  • Maximum money transferred in one financial year: $250,000 (subject to the Liberal Remittance Scheme from RBI).

The features of sending money from the United Kingdom to India through HDFC Bank include:

  • Telegraphic/Wire Transfer: Transfer funds from a local bank in the UK to your beneficiary's HDFC Bank Account in India through HDFC Bank's correspondent banks around the world.
  • Fixed Deposits: The option to open a Rupee or Foreign Currency Fixed Deposit through remittance via wire money transfer.
  • Cheques and Demand Drafts: The facility to transfer money via cheques, Demand Drafts, and traveller's cheques.

Sending money online from the United Kingdom to India offers several benefits. It allows you to support your family or pay for expenses quickly and securely. You can easily manage finances across borders without delays. With clear transaction records and competitive exchange rates, it's cost-effective. This method helps strengthen the financial ties between the UK and India, ensuring your money reaches its destination reliably.