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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 6 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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