Forex Desk

About the Forex Desk

  • HDFC Bank’s Forex Desk assists large corporations, particularly those with international operations, in managing their foreign currency positions and risks through two specialized desks – The InterBank Desk located in Mumbai and the Corporate Desk (also known as the Treasury Advisory Group) which operates out of five centers in Mumbai, Delhi, Chennai, Kolkata, and Bangalore. Corporations can benefit from the expertise of HDFC Bank’s highly trained professionals who have extensive experience in handling large volumes of forex transactions. Our professionals operate from a state-of-the-art dealing room and are actively involved in the local interbank market. The InterBank Desk (IB) manages the positions created by the Treasury Advisory Group (TAG) and also conducts trades on its own behalf. The TAG focuses on creating customized forex solutions for corporations with foreign exchange exposure. While small-value transactions are handled by our network of branches across the country, TAG directly manages large-value transactions.

Services of the Forex Desk

  • Enterprises can expect prompt and competitive pricing from our teams manning the Forex Desk. In addition, we provide economic, fundamental and technical analysis besides research-based recommendations to help you take better informed trading decisions. Our desk has 24-hour dealing capacity and we can handle both inward and outward remittances. You can choose to trade in any of the following products:
  • Spot and Forward Transactions
  • Interest Rate Swaps
  • Currency Swaps
  • Forward Rate Agreements
  • Interest Rate Options
  • Currency Options
  • “Please refer to 
  • OTC Derivative Product Disclosure Statements
  • for the features and risks associated with the above products."

Frequently Asked Questions

 A Dealing Desk in Forex is where brokers act as counterparts to client trades, setting bids and asking prices. This setup allows brokers to control order execution and manage liquidity. While it can offer stable pricing and faster execution, it may present conflicts of interest as brokers benefit from client losses.

A Forex Desk is a service provided by financial institutions, such as banks or brokerages, that facilitates currency trading. It offers access to the foreign exchange market, enabling clients to buy and sell currencies. Forex Desks provide market insights, risk management tools, and support to cater to retail, corporate, or institutional clients' trading needs.

A Trading Desk is a dedicated unit within financial institutions where various securities, including stocks, bonds, commodities, and currencies, are traded. Each desk specialises in specific instruments, like equities or forex. They facilitate trade execution, provide market liquidity, and may engage in proprietary trading to profit from market movements.

Forex Desks offer expert market analysis, efficient trade execution, and robust risk management tools. They ensure enhanced liquidity, providing access to large trading volumes without significant market impact. Additionally, they offer personalised trading solutions and comprehensive customer support, making them invaluable for managing complex currency trading activities.

To apply for an HDFC Bank Forex Card, visit a branch or log in to the bank's website. Fill out the application form with your details, travel plans, and card preferences. Submit the required documents, including your passport, visa, PAN card, address proof, and photos. Decide on the currencies and amount to load, then pay in your local currency. Choose between single-currency or multi-currency cards. Pay the issuance fee and any associated charges, checking for eligible fee waivers. If applying in person, you will receive the card immediately or within a few days. If you apply online, it will be delivered to your address. Activate the card by setting a PIN and reload it online or at a branch as needed.