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Key Features
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IndiaLink
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Telegraphic / Wire Transfer
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DirectRemit to India
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Funds Transfer
Frequently Asked Questions
When transferring money from the Middle East to India through HDFC Bank, the maximum limits vary based on the transfer method. Here is the transfer limit via DirectRemit.
- Minimum amount of transfer: AED 100
- Maximum amount of transfer:
- Personal Banking: AED 200,000
- Priority Banking: AED 400,000
- Private Banking: AED 500,000
HDFC Bank offers several remittance methods for sending money from the Middle East to India, each with unique features:
- IndiaLink: Enjoy instant credit to your HDFC Bank account or other bank accounts within 2 hours (subject to NEFT/RTGS cut-offs).
- DirectRemit: Transfer funds in INR to India with credit within 60 seconds to HDFC Bank accounts using Emirates NBD Online Banking or Mobile Banking Application.
- Cheques/Demand Drafts/Traveller’s Cheques: Opt for the reliable and time-tested mode of funds transfer.
To send money from the Middle East, visit our website and follow these steps: Navigate to NRI -> Pay-> Money Transfers-> Money Transfer from the Middle East. Next, choose your preferred transfer option.
Sending money from the Middle East to India offers enhanced convenience and speed. It enables individuals to support family members quickly and businesses to perform transactions efficiently. With competitive exchange rates and rapid transfer processes, these services ensure smooth and reliable cross-border financial transactions.
When money is sent from the Middle East to India, the tax implications depend on the recipient and the purpose. If the sender is a family member, the money is generally tax-free. According to the Income Tax Act, a 'relative' includes the spouse, brother and sister of self and spouse, brother or sister of parents or parents-in-law, any lineal ascendant or descendant of self or spouse, and the spouse of any of these relatives. However, for non-relatives, amounts over ₹50,000 received in a year are taxable as income.
The charges for remittance from the Middle East to India are detailed below:
- Up to $500 or equivalent: ₹500 per transaction.
- Above $500 or equivalent: ₹1,000 per transaction.
- Goods and services tax (GST) of 18% is applicable on the amount of commission/fee/charge.