Money transfer from USA

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About Money Transfers

Send money from the USA to India in a jiffy
Sending money from the USA to other countries is now more convenient than ever. With a range of reliable services at your fingertips, you can securely and affordably transfer funds to family, friends, or business partners worldwide. These services ensure your money reaches its destination safely, providing peace of mind and convenience for all your financial transactions. Whether you're supporting loved ones abroad, funding international education, or managing business payments globally, efficient money transfer services from the USA offer tailored solutions to suit your needs. You can benefit from competitive exchange rates, low fees, and speedy bank transfer times; rest assured that your money will be handled with utmost care. All you need to do is explore your options and select the ideal provider for swift and secure delivery of your funds, regardless of the destination.

Key Services for Money Transfer from the USA

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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Demand Drafts, Traveller's Cheques, or Cheques

  • Transfer Money to India via Demand Drafts, Traveller's Cheques, or Cheques
    Use the most dependable and tried-and-true method of transferring money by mailing demand drafts or cheques to your Indian branch together with a letter of instruction that includes the beneficiary account number.

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Telegraphic / Wire Transfer

Fund Transfer via Third-Party

  • Use our third-party money transfer options to send money from your local bank to the beneficiary's HDFC Bank account in India.

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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

In general, the sender of money to India from the USA is not taxed on it. However, depending on Indian tax laws, the recipient in India might have to declare the amount received if it surpasses specific thresholds. For more detailed advice, it is crucial to speak with an Indian tax expert.

Depending on the service provider, the amount being transferred, and the mode of transfer (wire transfer, online transfer, third-party services), there are different fees associated with sending money from the United States to India. There are three different types of fees:

  1. A fixed fee
  2. A percentage of the transfer amount
  3. A combination of both of the above

Comparing various providers is a good idea to identify the most economical choice.

The highest amount that can be transferred from the United States of America to India is determined by the service provider's policies and the mode of transfer. While some services only allow larger transfers with extra verification, others have daily or monthly caps. It is imperative to ascertain the precise limits of the selected provider.