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Forex Services
Overview
Fees & Charges
Forex Services
Choose from the following methods of transacting in Foreign Exchange.

Travellers Cheques
Foreign Currency Cash
Foreign Currency Demand Drafts
Cheque Deposits
Remittances
Cash to Master
Trade Services

Non HDFC Bank Account Holders



Foreign Currency Travellers Cheques
Travellers Cheques are a safe and easy way to protect your money when you travel. You can encash them only when you need to, and only against your signature, unlike cash which can be stolen and misused by anybody, immediately. Loss of Travellers Cheque can be reported anywhere in the world by making a single phone and the pre-fixed amount on the cheques are made refundable.

Travellers Cheques are offered in major currencies like USD, GBP, Euro, CAD, AUD and JPY. These are available in various denominations to suit your needs. At present HDFC Bank offers American Express Travellers Cheques which are widely accepted at Merchant Establishments and Financial Institutions across more than 200 countries.

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Foreign Currency Cash
Foreign Currency Cash is a convenient way of meeting personal expenses along your journey, paying for taxis / internal travel, food expenses etc.

You could avail of Foreign Currency Cash in USD, GBP, EURO, AUD and CAD from our branches offering Foreign Exchange facilities.

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Foreign Currency Demand Drafts
You can now avail of our FCY DD facility to make payments for various purposes like:
  • Payment of University fees abroad
  • Making a gift remittance to a friend or relative
  • Payment of application fees for various exams like TOEFL , GMAT etc.
  • Payment for medical treatment abroad
  • And all other permitted purposes as per the RBI guidelines.
FCY Demand Drafts are issued in seven currencies like United States Dollars (USD), Great Britain Pounds (GBP), EURO, Japanese Yen (JPY), Australian Dollars (AUD), Canadian dollars (CAD) and New Zealand Dollars (NZD).

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Foreign Currency Cheque Deposits
You can directly deposit your foreign currency cheques in to your saving or current account. HDFC Bank will then have the cheques sent for collection and the funds will be credited to your account in Indian Rupees. We accept cheques of various currencies like USD, GBP, Euro, JPY, Australian Dollars, Canadian Dollars, UAE Dirhams, Hong Kong Dollars and Swiss Francs.

Clearing Timings for cheques payable in US Dollars : 6 International working days for cheque payable in NewYork and 16 international working days for Non-NewYork from the date of lodgement at clearing house.

Clearing Timings for cheques payable in Euro : 8 International working days for cheque payable in Germany and 18 international working days for Non-Germany from the date of lodgement at clearing house.
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Remittances
HDFC Bank offers you the remittance facilities by which you can to send and receive money to your loved ones. They are categorized depending on your location and the urgency with which you want the money transferred.
  • Cheque Box - A convenient way to remit money, currently available for NRIs in the US and Europe.
  • Telegraphic transfer - Remittance of money through our Correspondent Banks.

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Click here For our Overseas Correspondent bankers details.

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Cash to Master
Often, foreign ships travel through India and dock their vessels at various ports / harbors in the country. One of the major requirements during such temporary stays, is that of FCY Cash that has to be made available to the Captain of the Ship for covering Crew wages or for other expenses on board the ship.

These requirements are usually met through a facility called "Cash to Master". To collect this cash, the master of the ship has to approach the branch with his passport and a duly filled up application form. This product is available only in United States Dollars, Pounds Sterling and Euro Currencies.

Please contact your nearest branch for more details.

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Forexpoint - Non HDFC Bank Account Holders
Now foreign exchange facilities can be availed by customers who do not have accounts with us at any of our branches transacting in Foreign Exchange. You can buy FCY Cash, TC's and FCY DD's from any our branch and also encash your TC's and Cash at our branches (available at select branches only).

Foreign Exchange can be availed against payments by Cash, Cheque or Pay Order/ Demand Draft. A maximum of Rs. 49,999/- (as per Indian Tax Laws) will be accepted in cash and any amount above Rs. 49,999/-, against a Pay Order or Cheque after clearance of the same. You need to carry the required Documentary Proof for issuance of Foreign Exchange.

Please contact your nearest HDFC Bank branch for documentation.

Please choose a city to locate a Forex services Centre address.

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  Whatever your Forex requirements are, we can fulfil them.
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