RemitNow Fees & Charges

Charges applicable for transactions requested through RemitNow are as below:

Commission on Foreign Outward Remittance through NetBanking is charged as below:

  • Up to USD 500 or equivalent - Rs. 500/- per transaction

  • Above USD 500 or equivalent - Rs. 1000/- per transaction

All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above.

Presently, the applicable rate of GST are as under:
 

  • On amount of commission, fees and charges paid - @ 18% of amount of the commission/fees/charges.

  • On amount of foreign currency exchanged as per below slab:

Amount of Currency Exchanged (ACE) GST rates Minimum GST Maximum GST
Upto Rs. 1 lakh 0.18% of ACE Rs. 45 Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakh INR 180 + 0.09% of ACE Rs. 180 Rs. 990
Above Rs. 10 lakh INR 990 + 0.018% of ACE Rs. 990 Rs. 10,800


Tax Collected at Source (TCS): TCS was introduced by the Finance Act 2020 on Foreign Exchange transactions applicable to Resident Indian under Liberalised Remittance Scheme (LRS). Below are the applicable rates:


Sr. No Purpose of Remittance abroad TCS Rate
(Applicable till 31st March 2026)		 New TCS rate
(w.e.f 1st April 2026)
    Normal PAN
 Inoperative PAN 
 Normal PAN
 Inoperative PAN
1 LRS for education purpose, if the amount being remitted is from education loan obtained from a specified institution
  NIL
  NIL
 NIL
 NIL
2 LRS for the purpose of education, other than (1) above (or) for the purpose of medical treatment.
 Upto 10 Lakh: NIL
Above 10 Lakh: 5%
 Upto 10 Lakh: NIL
Above 10 Lakh: 10%
 Upto 10 Lakh: NIL
Above 10 Lakhs: 2%
 Upto 10 Lakh: NIL
Above 10 Lakh: 5%
3 Any other purpose under LRS
 Upto 10 Lakh: NIL
Above 10 Lakh: 20%
 Upto 10 Lakhs: NIL
Above 10 Lakhs: 20%
 Upto 10 Lakh: NIL
Above 10 Lakh: 20%
 Upto 10 Lakh: NIL
Above 10 Lakh: 20%


Note:

  • All commission, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).

  • Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks, excluding transactions processed under Full value facility.


For more details on fees and charges, please click here.

Frequently Asked Questions

International money transfers offer convenience, enabling swift and secure transfer of funds across borders. They facilitate global commerce, support families with remittances, and aid businesses in conducting international trade. Additionally, they provide access to diverse financial services and foster economic growth and development worldwide.

HDFC Bank’s remittance services incur various charges, including:

  • Commission: Up to USD 500 or equivalent, the fee is ₹500 plus applicable taxes; above USD 500, it’s ₹1000 plus taxes.
  • FCY Cash—Selling: There is no charge for amounts up to USD 500 or equivalent; above that, it’s ₹200 plus taxes.
  • FCY Cash—Encashing: There is no charge for amounts up to USD 500 or equivalent; above that, it’s ₹300 plus taxes.
  • FCY Demand Drafts - Issuance: Up to USD 500 or equivalent, the fee is ₹200 plus taxes; above that, it’s ₹300 plus taxes.
  • FCY Demand Drafts - Cancellation: A flat fee of ₹50 per demand draft.
  • FCY Cheque Collection: A collection fee of 0.25% of the INR value (minimum ₹250) plus a courier charge of ₹50 per cheque.
  • Foreign Exchange Transactions: All transactions are subject to Goods and Services Tax (GST), payable in addition to the abovementioned charges.

The limit for foreign outward remittance is USD 25,000 per day. Additionally, the total amount of foreign exchange drawn by the user from all sources during the current financial year, including the present transaction, should not exceed USD 250,000 or equivalent.

The RemitNow charge for sending money internationally is ₹500 for transactions up to USD 500 or equivalent. For amounts above USD 500, the fee is ₹1000 per transaction. Additionally, all foreign exchange transactions are subject to Goods and Services Tax (GST), payable in addition to the abovementioned charges.

The maximum amount you can remit through HDFC Bank’s RemitNow service is USD 50,000 daily. This limit applies to single and multiple transactions that total up to the daily limit.