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HDFC Bank’s Remittance Service is...

Individuals residing outside the country send part of their earnings home, either in cash or goods, to support their families. These transfers are referred to as remittances. In recent years, remittances have been growing rapidly and now represent one of the largest sources of foreign income

All You Need To Know

Remittances

  • Speedy delivery and receipt of money globally
  • Telegraphic Transfers:
  • With HDFC Bank Telegraphic Transfers, you can easily transfer a wide range of foreign currencies. We also have multiple correspondent bank tie-ups for major currencies
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Foreign Currency Demand Drafts

  • The best way to send money when you need to send an exact amount
  • Click Here for the List of Our Correspondent Banks
  • Features and Benefits:
  • Low Charges: The Charges for Issuing a Demand Draft is Lesser as compared to sending a remittance.
  • Choice of Multiple Currency: We have an arrangement to issue FCY Demand Draft in 9 foreign currencies which are payable in your respective locations, namely CAD, USD, NZD, SGD, HKD, GBP, EUR, JPY.
  • Protection Against exchange rates Volatility: Save yourself from the risk of varying exchange rates. The demand draft issued to you is in the Foreign Currency. Hence, no risk of exchange rates Volatility after you have taken the draft
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Foreign Currency Cheque Collection

  • You can directly deposit your foreign currency cheques, foreign currency demand draft in to your saving or current account. We will have the cheques sent for collection and the funds will be credited to your account in Indian Rupees
  • Features and Benefits:
  • Choice of Multiple Currency: We have an arrangement to collect Cheque in 14 foreign currencies which are payable in your respective locations, namely USD, GBP, EUR, CAD, SGD, NZD, HKD, CHF, SEK, NOK, AED ,SAR, ZAR, DKK, JPY, MYR, OMR, THB, LKR
  • Click here to find out Turn Around Time for FCY cheque collection
  • Note:
  • The Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate
  • In addition to the above mentioned period, date of credit to customer account would include transit time to correspondent bank
  • Cheques drawn in one currency payable in another country where currency is different will take a longer period to realize and would attract charges of various correspondent banks as per their own tariff schedule over which we do not have any control. For e.g. A cheque drawn in USD payable on a bank in Singapore or Cheque drawn in GBP payable on a bank in South Africa or Cheque drawn in USD payable in Canada.
  • Click Here for Guidelines to enable faster processing
  • Click Here for the List of Our Correspondent Banks
  • Return of Foreign Currency Cheque/Instrument:
  • Foreign currency cheque/instrument sent for collection to the Payee bank through Correspondent Bank located outside India can be returned by the Payee bank even after crediting the proceeds to depositor's account after cooling period, for whatsoever reason including but not limited to "insufficient funds", "account closed", fraudulent cheque" etc as per prevailing clearing rules / laws related to cheque collection in drawee countries.

    In case of such cheque returns, the Payee bank recovers the amount of returned cheque, thus credited earlier, by debiting the HDFC Bank's Nostro account. HDFC Bank has the right to debit the depositor's account to the extent of returned cheque amount immediately (at the prevailing exchange rate) along with charges and interest from the date of credit of proceeds till the date on which amount is recovered from the depositor.

 

Inward Remittances

  • Just walk into your Bank abroad with the details of your remittance and ask them to remit the funds to us, through any of our below mentioned Correspondent Banks across the world, and we will credit your or your beneficiary's account or open a Rupee or a Foreign Currency Fixed Deposit as required by you.
  • Features and Benefits:
  • Secured channel for fund transfer
  • Direct Credit to your HDFC Account
  • Most convenient channel for creating FCNR deposits
  • Inward Remittances is accepted in 22 currencies namely
     
UAE Dhiram (AED) Australian Dollar( AUD) Canadian Dollar (CAD) Swiss Francs (CHF) Singapore Dollar (SGD)
Japanese Yen (JPY) United States Dollar (USD) Norwegian Krone (NOK) New Zealand Dollar (NZD) Omani Rial (OMR)
Danish Krone (DKK) Euro (EUR) Great Britain Pound (GBP) Hong Kong Dollar (HKD) South African Rand (ZAR)
Saudi Riyal (SAR) Swedish Kroner (SEK) Thai Baht( THB) Korean Won (KRW) Bahraini Dhiram (BHD)
Kuwaiti Dinar (KWD) Qatari Riyal (QAR)      

 

  • * Remittances received after 28th Dec 2015 for EURO (EUR) by and from Royal Bank of Scotland (RBS) would not be processed, as our arrangement with RBS is ending on 31st Dec 2015
    * Currency notes will be offered, subject to availability at our branches.
    * HDFC bank reserves the right to reject any FX transaction if documents submitted are not adhering to internal compliance and RBI guidelines.
  • Click here to download the SWIFT / Wire Transfer Form
  • Click Here for the List of Our Correspondent Banks
  • HDFC Bank Ltd. SWIFT Code is HDFCINBBXXX

 

Outward Remittances

  • Send money abroad for reasons more than one: education, medical purpose, gifting, and maintenance for Close Relative or donation for a cause. Our extensive network gives you the reach to most parts of the world.
  • Click Here for the List of Our Correspondent Banks
  • Click here to know your Forex Limits
  • Features and Benefits:
  • Faster and hassle free transfers: Your money will reach within 72 hours of your instructions anywhere in the world To send Outward Remittance you have to just walk into any of our branches to fill up the required documentation.
  • Choice of Multiple Currency: HDFC Bank can send money overseas in 22 different currencies through SWIFT.
  • Currency notes will be offered subject of availability of the same at the branch.
  • HDFC bank reserves the right to reject the request on any Foreign Exchange transaction if the transaction is not adhering to internal compliance or RBI guidelines.

 

UAE Dhiram (AED) Australian Dollar( AUD) Canadian Dollar (CAD) Swiss Francs (CHF) Singapore Dollar (SGD)
Japanese Yen (JPY) United States Dollar (USD) Norwegian Krone (NOK) New Zealand Dollar (NZD) Omani Rial (OMR)
Danish Krone (DKK) Euro (EUR) Great Britain Pound (GBP) Hong Kong Dollar (HKD) South African Rand (ZAR)
Saudi Riyal (SAR) Swedish Kroner (SEK) Thai Baht( THB) Korean Won(KRW) Bahraini Dhiram (BHD)
Kuwaiti Dinar (KWD) Qatari Riyal (QAR)      

 

  • * Remittances received after 28th Dec 2015 for EURO (EUR) by and from Royal Bank of Scotland (RBS) would not be processed, as our arrangement with RBS is ending on 31st Dec 2015 
  • * Currency notes will be offered, subject to availability at our branches.
  • * HDFC bank reserves the right to reject any FX transaction if documents submitted are not adhering to internal compliance and RBI guidelines.
  • Protection Against exchange rates Volatility: You can be assured of the final amount (in the particular currency) that would be provided to your beneficiary in the country where the funds are to be remitted. No matter what happens to the exchange rates, your final amount will remain unaffected
  • Facility offered by RBI to Resident Indians under Liberalised Remittance Scheme:
    As per A.P. (DIR Series) Circular No.106 dated 1st June, 2015, RBI has increased the limit under Liberalised Remittance Scheme for Resident Individuals from USD 125,000 to USD 250,000. Accordingly remittances up to USD 250,000 per financial year per individual under the Scheme may be allowed for any permitted current or capital account transaction or a combination of both.
  • Click Here for List of Permissible and Non Permissible Transaction under Liberalized Remittance Scheme

 

Inward Remittances disposal on NetBanking- Customer Experience

“Hi, we'd like to express our appreciation to HDFC Bank for the recently introduced online facility for disposal instructions for inward remittances, which has made our work much easier and faster.”

Vijay Balia Proprietor,

(Oct 2021)

“Many thanks for introducing an online system for Inward Remittance remittances disposal instruction. it is simple to use and more convenient than going to branch.”

Hitesh Godhani Proprietor,

(Oct 2021)

“Net Banking disposal instruction is really easy and most convenient option than sending Inward Remittance disposal instruction over the email. Thank you HDFC Bank.”

Manoj​​​​​​​ Md Adijul Hoque Proprietor,

(Oct 2021)

“We are grateful to HDFC Bank for making Inward Remittance Disposal Instruction available on their Net-banking platform. This has aided us in efficiently and successfully planning and managing our operations and funds.”

Chetansingh Sarvaiya ( Managing Director )

Vejalpur -0048 , (Oct 2021)