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You can send Cheques / Demand Drafts for credit to your NRI Account, to your branch in India along with a letter of instruction, clearly mentioning the account number to which the funds have to be credited.
We have an arrangement to collect cheques / drafts in the following
currencies: USD, GBP, EUR, CAD, SGD, AUD, JPY, NZD, HKD, CHF, SEK, NOK, AED
In case of USD cheques / drafts made payable in New York, the approximate clearing time is 10 to 12 working days. For other locations it will take approximately 16 to 21 working days for the funds to be credited to your account in India.
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Fees & Charges |
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| Description of Charges |
TC & DD |
| Foreign Exchange Transactions |
| TC's - Selling - Foreign Currency |
1% of INR value of TC's |
| TC's - Encashing - Foreign Currency |
No Charge |
| TC's - Foreign Currency |
NA |
| Other Foreign Exchange Transactions |
| FCY Demand Drafts - Issuance |
| Rs. 200/- per Demand Draft for account holders |
| Rs. 300/- per Demand Draft for non-account holders |
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| FCY Demand Drafts - Cancellation |
Rs. 50/- per Demand Draft |
| FCY Cheque Collection (FCY personal cheque, FCY DD's and TC's sent for collection) |
| 0.25% of INR value (Min. Rs. 250/- per transaction) |
| Plus Courier of Rs. 50/- per cheque |
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| FCY Cheque Return |
| Under Cash Letter arrangement - Rs. 100/- per cheque |
| Under Final Credit service arrangement - Rs. 250/- per cheque |
| Plus Correspondent Bank Charges |
| • USD Cheque - USD 10 per cheque |
| • GBP Cheque - GBP 15 per cheque |
| • AUD Cheque - AUD 30 per cheque |
| • SGD Cheque - SGD 12 per cheque |
| • CAD Cheque - CAD 10 per cheque |
| • EURO Cheque - EUR 45 (Euro 25 Corr Bank chgs, Euro 5 Swift chgs & Euro 15 Foreign chgs) |
| • Non - EURO Cheque - EUR 25.03 plus drawee bank charge |
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Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks
As per the Finance Bill 2007, all fees and charges mentioned above will attract Service Tax @ 12% and Education Cess @ 3% of the service tax amount effective 11th May 2007.
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