Women Savings Account
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About Fund Transfers

Transfer money easily to India via cheques or demand drafts

Transferring funds to India can be seamless and secure using Demand Drafts and cheques. HDFC Bank offers a reliable service for sending these financial instruments from abroad, ensuring that your funds are credited efficiently to Indian accounts. Whether it's remittances in USD, GBP, EUR, or other supported currencies, HDFC Bank handles the process with clear instructions and competitive charges. This guide outlines the procedures, supported currencies, and associated fees for sending Demand Drafts and cheques to India, providing you with all the essential information to facilitate smooth international fund transfers.

Key Features of Fund Transfer from the USA to India

Transfer Details

  • Send Cheques from USA to India

  - Send cheques or drafts to your Indian branch with instructions and account details for credit.

  • Supported Currencies

  - USD, GBP, EUR, CAD, SGD, 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

  • Foreign Currency (FCY) Cash - Selling: No charge

  • Foreign Currency (FCY) Cash - Encashing: No charge

Fund Transfer

Frequently Asked Questions

Fund transfers from the USA to India offer significant benefits, including essential financial support for families, which improves living standards and aids in emergencies. For businesses, they facilitate cross-border trade, funding operations, and investments, contributing to India's economic growth. The process is highly efficient, with multiple transfer options providing competitive rates, quick delivery, and easy accessibility. 

There is no hard limit on the money amount one can transfer from the United States to India in most cases, but regulations and compliance requirements must be met.

Here are some features of fund transfers from the USA to India:

  • Competitive exchange rates

  • Nominal charges, depending on the amount and type of transfer

  • Secure and safe transactions 

Funds sent to India via cheque are not taxable. However, the recipient may be subject to income tax based on the source of funds.

HDFC Bank may charge a nominal fee for cheque collection. Additional charges such as courier fees and correspondent bank charges may apply.