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About Telegraphic/Wire Transfer

Easily transfer money to India from the USA

Transferring money from the USA to India has never been easier, thanks to telegraphic/ wire transfers. This streamlined method allows you to send funds quickly and securely to HDFC Bank Accounts across India, through our extensive global network of correspondent banks. Whether you're supporting your family, financing education or managing business transactions, telegraphic wire transfers ensure efficient delivery of your funds. With competitive rates and stringent security measures in place, you can relax knowing your international money transfers are handled seamlessly, every step of the way.

Key Features of Telegraphic/Wire Transfer from the USA to India

Streamlined Process

Transaction Details

To remit funds to India, you need to enter the following details in the remittance form.

  • HDFC Bank's Nostro Account number
  • HDFC Bank's SWIFT Code
  • Your or your beneficiary's account number with HDFC Bank
  • Disposal instructions. For example, open a new NRE Savings Account or book a new FCNR Deposit for 1 year in US dollars 
Fund Transfer

SWIFT Codes

  • Click here to get the list of corresponding bank accounts for remittances
Fund Transfer

Remittance form

Click here to download the SWIFT / Bank Wire Transfer Form

Please note:

  • To prevent the money from being converted to Indian rupees, do not include your NRE or NRO savings account number when sending money for an FCNR deposit. As a point of reference, you could state your customer ID number.
  • On the remittance form, please indicate the purpose code in fields 70 and 72. Click here for the list of purpose codes.
Fund Transfer

Fees & Charges

Foreign Currency 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

Click here to know more about the fees and charges.

Fund Transfer

Frequently Asked Questions

HDFC Bank charges the following fees for international transfers made through net banking:

  • Up to $500 or equivalent: ₹500 per transaction.
  • Above $500 or equivalent: ₹1000 per transaction.

In addition to these fees, there is an additional 18% Goods and Services Tax (GST) applicable to commission and fees.

There is no limit on the money transfer done by Wire Transfer from USA to India. 

Here are some features of Wire Transfers via Telegraph:

  • You can easily transfer funds to your loved ones or business associates back in India

  • You can track transfers using reference numbers

  • Transfers involve currency conversion, often set at rates set by the bank 

Money transferred from the United States of America to India is not subject to taxes. The maximum tax-free amount you can send in a year is $14,000. Any amount more than this would attract a gift tax. 

The benefits of Wire Transfers via Telegraph are as follows:

  • Speed: A transfer typically takes 72 hours to finish.

  • Convenience: Online transfers can be initiated without visiting a bank branch.

  • Security: The beneficiary's account is directly credited with the transaction, and there are no intermediaries involved.