Letter of Credit Charges/Commission
/ SWIFT/Courier		 HDFC Bank - Trade Charges
Letter of Credit FCY issuance (FCY/LCY) Charges Documentation charge - INR 1,500 ( If applicable)
Commission Fedai charges * / IBA ** Min INR 2,000.
SWIFT/Courier FCY - INR 2,000
SFMS / LCY - INR 1,000
Letter of Credit FCY amendment (FCY/LCY) Charges Nil
Commission FEDAI */IBA **, min INR 1,500 Extension - same as LC issuance
SWIFT/Courier FCY - INR 750
SFMS / LCY - INR 500
Cancellation of LC(both before and after expiry) Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
SBLC Issuance (FCY/LCY) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 2,000
SWIFT/Courier FCY - INR 2,000
SFMS / LCY - INR 1,000
SBLC Amendment (FCY/LCY) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 1,500
SWIFT/Courier FCY - INR 750
SFMS / LCY - INR 500
LC Confirmation Charges Nil
Commission Same as LC
SWIFT/Courier Same as LC
LC advising (FCY/LCY) Charges Nil
Commission Customer LC INR 1,500/INR 1,000
Amd INR 1,000/INR 750
Non Customer INR 2,500/INR 1,500
Amnd INR 1,500/ INR 1,000
SWIFT/Courier Local LC courier INR 100
LC Transfer Charges LC trf INR 2,000
LC Amendment INR 1,000
Commission --
SWIFT/Courier Swift charges of LC to be recovered in case of involvement of Swift

Guarantee Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Guarantee issuance (Financial, Performance) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 2,000
SWIFT/Courier INR 1,000
Guarantee amendment (Financial, Performance) Charges Nil
Commission 1.8% Per Annum, min INR 2,000 -
per month basis and each fraction of month to be collected as full month
SWIFT/Courier INR 1,000
Guarantee cancellation Charges INR 1,000 for live BG cancellation processing charges (before expiry)
Guarantee Advising Charges INR 1,500
Commission Nil
SWIFT/Courier Nil
Shipping Guarantee Charges INR 1,000,
Documentation charges (If applicable ) - INR 1,500
Commission Nil

Import Bills Collection/Under LC/Buyer's Credit/DO Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Import Bills for Collection processing
(to be considered at the time of booking itself. Liquidation charges to be taken as per direct import payment)		 Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Import Bills for Collection return of docs Charges 1500 or USD 200 if claimed from Remitting Bank
Commission Nil
SWIFT/Courier INR 500/INR 1,000
Import direct/advance payment Charges Nil
Commission 0.125% Min INR 1,250
SWIFT/Courier INR 500
Import Bills under LC processing Charges If discrepant overdue import bill paid after due date - addl charges of non-import remittance to be recovered
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Discrepancy Fee Charges USD 75 or its equivalent
Service charge for non-submission of Bill of Entry Charges INR 500 Half Yearly per BOE
Delivery Order Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Buyer's Credit processing charges Charges Nil
Commission LOC / LOU charges @ 1.80% pa Min INR 5,000 (same as BG)
SWIFT/Courier INR 2,000
NOC issued to other Bank for Buyer's Credit Charges INR 5,000
Countersigning/co-acceptance/availisation of
import bills		 Charges Nil
Commission 1.8 % per annum Min. INR 1,000
SWIFT/Courier Nil
NOC issued to other Bank for Buyer's Credit Charges INR 5,000

Non Import Remittances Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Non import payment TT Charges Nil
Commission 0.20% min INR 1,000
SWIFT/Courier INR 500
Non import payment DD Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 500

Export Bills for Collection/Discount/GR waiver Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Exports Bills despatch Charges Nil
Commission 0.0625% Min INR 1,500
SWIFT/Courier INR 1000 (if applicable)
Courier Charged as per region of dispatch (Min INR 1500, Max INR 3500 plus taxes as applicable)
Export Bills Discounting/Purchase Charges Nil
Commission 0.1%, min INR 2,000
SWIFT/Courier INR 1,000
Export Collection to Discount Charges INR 750
Commission Nil
SWIFT/Courier Nil
Service charge for Outstanding Exports Bills Charges INR 500 Half Yearly
Commission Nil
SWIFT/Courier Nil
Exports Bills non despatch Charges Nil
Commission 0.15% min INR 2,000
SWIFT/Courier Nil
Exports Bills Regularisation Charges Nil
Commission 0.0625% - Min INR 1000 + INR 100 per shipping bill/Softex/ Invoice
SWIFT/Courier Nil
GR waiver/Approval Charges INR 1,500
BRC issuance (per Shipping Bill) Charges INR 150
Crystallisation Fee Commission NIL
Bills returned unpaid Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Extension Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Write off Charges INR 2,000
Agency Commission Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Advising discrepancy Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Late submission of documents (after 21 days) Charges INR 1,000
to be charged after 21 days
Service charge for non-submission of Documents Against Advance Inward Remittance Charges INR 1000. Half yearly per overdue advance remittances.
NOC for discounting with other Bank Charges INR 5,000
Commission Nil
Crystallisation Fee Charges INR 2,000
Commission Nil
Export loan disbursement Charges INR 2,000
Commission NIL
Issuance of various export performance certificate Charges INR 500
Commission Nil
Export set off against Import payment Charges Nil
Commission 0.40% min INR 2,000
Individually applicable for both legs
SWIFT/Courier INR 500
Attestation of Invoice Charges INR 250
Bank Certification for application of IEC Charges INR 500
Project Export Approvals Charges INR 5,000

Local Bills Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Local Bills for Collection (Outward) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Local Bills received (under our LC/collection) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Local Bills under LC (Outward) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Discrepancy Fee Charges INR 2,500
Return of Bills unpaid Charges Nil
Commission Under LC - INR 1,000
Under Coll - 0.35%, min INR 2,000
SWIFT/Courier INR 100
Extension of Inland Bills Charges INR 1,000
DRUL Charges Nil
Commission 0.25%, min INR 1000
SWIFT/Courier INR 100
Signature verification charges (LC issued by us) Charges INR 250
Overdue collection bills (late payment received) Charges INR 500 per half-year

Inward Remittance Charges/Commission/ SWIFT/Courier HDFC Bank - Trade Charges
Inward Remittance Charges Nil
Commission Nil
SWIFT/Courier Nil
Inward Remittance return of funds Charges USD 1 to USD 100 - NIL
USD 101 to USD 500 - USD 10 + applicable taxes
USD 501 to USD 1000 - USD 20 + applicable taxes
USD 1000 and above - USD 50 + applicable taxes
Commission Nil
SWIFT/Courier Nil
FIRC charges Charges INR 200 or duplicate FIRC - INR 500 + applicable taxes. For Credit Advise sent centrally by email (in lieu of FIRC) is NIL
Processing of Inward remittances bene acc / name mismatch Charges NIL
Commission Nil
SWIFT/Courier NIL
AD Code Certificate issuance Charges INR 500
Service tax certificate / Duplicate Advices Charges INR 250

Sr No Product Event Current Charges Revised Charges
1 ODI Fresh Remittance INR 10000 (UIN generation Charges) + 0.2% Commission + INR 50 (SWIFT) INR 15000 (UIN Generation Charges to be collected at remittances) + 0.2% Commission + INR 500 (SWIFT)
2 ODI Subsequent Remittance 0.2% Commission + INR 500 (SWIFT) INR 5000 (RBI Reporting charges to be collected at remittance) + 0.2% Commission + INR 500 (SWIFT)
3 ODI APR Reporting INR 1000 INR 2000
4 ODI Change of AD Bank INR 25000 INR 25000
5 ODI RBI Representation Charges (charges to be taken at the time of submission)/prior approval/Regularisation /Post Facto approval /Structural changes/ any other customer based reason INR 1000 INR 25000 minimum or 0.02% of the total amount based on complication/efforts involved in the case
6 ODI NOC charges INR 1000 INR 25000 minimum or 0.02% of the total amount based on complication/efforts involved in the case
7 ODI Reporting of Corporate Guarantee/Performance Guarnatee Issuance, Amendment or Cancellation No Charges Prescribed INR 5000
8 ODI Scrutiny of Bank Guarantee of UINs where HDFC Bank is not AD reporting of non financial No Charges Prescribed INR 5000
9 ODI Commitment like pledge of shares, creation of charge, other fund or non-fund based No Charges prescribed INR 5000
10 ODI Reporting of non fund based financial commitment like swap of shares, merger/demerger/ amalgamation/ capitalisation of receivables, conversion of loan into equity etc No Charges prescribed INR 5000
11 ODI Disinvestment Reporting No charges prescribed INR 25000 minimum or 0.02% of the total amount based on complication/efforts involved in the case
12 ODI Draft vetting – Remittance / Guarantees No charges prescribed NIL- as we are charging at the time of UIN generation and subsequent transactions
13 ODI Draft vetting – Disinvestment No charges prescribed NIL as we are charging at the time of reporting of disinvestment
14 ODI, ECB, FDI Reminders sent for overdue cases – APR/ Share Certificate/ Disinvestment/ FDI/ ECB 2 No charges prescribed INR 100 per month
15 ECB ECB 2 INR 1000 INR 1000 No Change
16 ECB Revised For ECB INR 1000 INR 5000
17 ECB ECB New Case-fresh LRN issuance INR 10000 INR 25000
18 ECB Change of AD Bank INR 25000 INR 25000
19 ECB ECB Prior Approval Cases – Presentation to RBI (charges to be taken at the time of submission) No Charges prescribed INR 10000 minimum or 0.02% of the total amount based on the complication/efforts involved in the case
20 ECB No charges INR 1000 INR 25000 minimum or 0.02% of the total amount based on the complication/efforts involved in the case
21 Current Account RBI presentation for approving/regularisation of current account transactions (charges to be taken at the time of submission) INR 1000 INR 5000 minimum or 0.02% of the total amount based on the complication/efforts involved in the case
22 Commodity hedging Approval letter issuance INR 5000 INR 5000
23 Commodity hedging Amendment to approve letter issuance – due to customer request NIL INR 1000
24 Commodity hedging Quarterly reporting INR 1000 INR 1000
25 FDI FIRMS Reporting where funds received in other bank INR 30000 INR 30000
26 FDI FIRMS Reporting where funds received in HDFC Bank INR 10000 INR 15000
27 FDI NOC charges – Pledge, etc INR 1000 INR 25000 minimum or 0.02% of the total amount based on the complication/ efforts involved in the case
28 FDI FDI Outward Remittance (Transfer of shares from NR to R, Buy-back of shares, offer for sale against sale of shares under IPO, return of excess funds/ full amount received against FDI, Remittance against Liquidation, etc) 0.2% Commission + INR 500 (SWIFT) 5000 for scrutiny + 0.2% Commission + INR 500 (SWIFT)
29 FDI RBI presentation for getting previously reported details/ confirmation (post approval received from RBI – for retrieval of records) No charges prescribed INR 10000 minimum or 0.02% of the total amount based on complication / efforts involved in the case
30 FDI RBI presentation for getting approval for FDI transaction – physical letter/ refund of FDI, sectoral CAP, land border related etc (charges to be taken at the time of submission) No charges prescribed INR 10000 minimum or 0.02% of the total amount based on complication / efforts involved in the case
31 FDI Draft vetting – Reporting No charges prescribed INR 1000 per transaction (irrespective of the number of times it has been checked prior to reporting)
32 FDI Draft vetting – Remittance No charges prescribed INR 1000 per transaction (irrespective of the number of times it has been checked prior to reporting)
33 FDI FIRMS – Rejected Cases No charges prescribed INR 1000 per rejection
34 QBR Approval letter issuance INR 5000 INR 15000
35 LOBOPO Approval letter Issuance INR 5000 INR 15000
36 LOBOPO AAC reporting INR 1000 INR 2000
37 LOBOPO Renewal – Conversion to BO, extension of LO and PO INR 1000 INR 15000
38 LOBOPO Reminder sent for overdue cases – extension of validity, AACs No charges prescribed INR 100 per month
39 LOBOPO Change of AD bank NIL INR 25000


* Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.

Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realise 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.

Goods and Services Tax :

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 :-

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

2. 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


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

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