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You are here: Personal Banking > Forex & Trade Services > Trade Services > Fees & Charges         

Trade Finance
Overview
Fees & Charges
Imports Services
Exports Services
Remittances
Hedging Solutions
Investment Services
Trade Finance
Fees & Charges for Trade Services
Particulars HDFC BANK LTD
Amounts in INR
Standard Commission Charges Minimum Courier Swift
Exports Bills:
Collections (Despatch) 0.0625% 750 1000 -
Collections (Regularisation / Non Despatch) 0.0625% 500 Nil -
Negotiations (*1) 0.015% 1000 1000 -
Bank Realisation Certificates 150 - - -
Extra Reminder Swifts for collections / Negotiations 500 - - 500
Bills Returned unpaid 500 - - -
Late Payment Per quarter 250 - - -
Extension 750 - - -
Write Off 750 - - -
GR Approval Letters 500 - - -
Realization from other banks (*2) 0.0625% 750 - -
XOS Bills Per quarter 250 - - -
Agency Commission 0.15% 500 - 500
GR Waiver 500 - - -
Import Bills:
FCY Remittances under Form A1 category (*3) 0.125% 750 - 500
Collections (*4) 0.25% 750 - 500
Bills returned unpaid (* OR claim USD 150/- from the corresponding bank who originated the transaction) 500 - 1000 500(or USD 150/- eq
Delivery Order 500 - - -
Issuance of LC / LC advising:
Issuance of Import LC FEDAI # or Min. 1000 - - 1500
Amendment of an Import LC FEDAI # or Min. 500 - - 500
Issuance of Inland LC IBA ## or Min. 1000 - 1500 -
Amendment of an Inland LC IBA ## or Min. 500 - 500 -
Issuance of Import SBLC 1.8% 1000 - 1500
Amendment of an Import SBLC 1.8% 500 - 500
Issuance of Inland SBLC 1.8% 1000 - -
Amendment of an Inland SBLC 1.8% 500 - -
LC advising (Exports) 1000 - - -
LC Amendment advising (Exports) 750 - - -
LC advising (inland) 500 - 100 -
LC Amendment advising (inland) 250 - 100 -
LC Confirmation Same as LC issuance - - -
Documentation charges 1000 - - -
Bills Under LC
Bills received under Import LC (*5) 0.15% or Min.1000 - - 500
Bills received under HDFC Bank local LC 1000 - - -
Discrepancy fee Import LC Bills USD 50/- - - -
Discrepancy fee Inland LC Bills 1000 - - -
Gurarantee Delivery Order 500 - - -
Buyers Credit
Interest rate and commitment charges As negotiated - - -
NOC to banks 500 - - -
Financial Guarantee Issuance
Issuance 1.8% p.a. 1000 - 1000(For Foreign BG by Swift)
Amendment/ Enhancement / Extension 1.8% p.a. 1000 - 1000(For Foreign BG by Swift)
Performance Guarantee Issuance
Issuance 1.8% p.a. 1000 - 1000(For Foreign BG by Swift)
Amendment 1.8% p.a. 1000 - 1000(For Foreign BG by Swift)
Shipping Guarantee Rs. 500/- - - -
Financial & Performance Guarantee
Documentation charges 1000 - - -
Outward Remittance (TT Or DD)
Non Imports FCY Remittances (*6) 0.15% 500 - 250
Non Imports FCY DD Cancellation 100 - - 250
Inward Remittance
FIRC Issuance Rs 200 For FIRC - - -
Foreign Investment in India - FCGPR / FCTRS
When funds received directly to HDFC Bank 5000 - - -
When funds received from other bank through RTGS 10000 - - -
Direct Investment by Residents in Joint Venture / Wholly Owned Subsidiary Abroad - Scrutiny / Filing
When funds remitted through HDFC Bank 5000 - - -
When funds remitted through other Bank 10000 - - -
External Commercial Borrowings
Form 83 scrutiny 5000 - - -
External Commercial Borrowings II
Monthly Filing 500 - - -
Inland Inward Bills
Collections 0.25% 500 100 -
Bills returned unpaid 0.25% 500 100 -
Inland Outward Bills
Collections (not under LC) 0.25% 500 100 -
Collections (under LC) 0.25% 1000 100 -
Discounting (DRUL) 0.125% 1000 100 -
Bank Realisation Certificates 150 - - -
Bills Returned unpaid 500 - - -
Extension 750 - - -
*1 to *6
EEFC / Nostro funding - Additional charges in lieu of no conversion 0.15% 500 - -
Miscellaneous swift messages - - - 500
# FEDAI CHARGES FOR LETTERS OF CREDIT (LC)
Import Letters Of Credit establishment (LC)
Commitment charge 0.15 % per quarter or part thereof
Usance charge
Upto 10 days 0.15% - - -
11days to upto 3 months 0.30%
Over 3 months 0.30% for first 3 months + .075% Per additional month or part thereof
Amendment Same as above for any Enhancement in Value \ Tenor
* General amendment Rs. 500 as Commission & Rs. 500 as Swift charges
## Inland LC establishment – IBA Pricing
Commitment charge 0.20 % per quarter or part thereof
Usance charge
Upto 7 days 0.20%
7days to upto 3 months 0.40%
Over 3 months 0.40% for first 3 months + 0.20% per additional month or part thereof in excess of 3 months
Minimum Commission Rs 1000
Courier Charges Rs 1500
* General amendment Rs 500 as Commission

As per the Finance Bill 2009, all fees and charges mentioned above will attract Service Tax @ 10% and Education Cess @ 3% of the service tax amount effective 24th February 2009.

Service tax as per sub rule (7B) of Rule 6 of the Service Tax (Amendment) Rules 2011
- For Amount of currency exchanged up to Rs.100,000 - 0.1% of amount, min Rs.25/-
- For Amount of currency exchanged above Rs.100,000 up to Rs.1,000,000 - Rs.100 + 0.05%   of incremental amount above Rs.100,000
- For Amount of currency exchanged above Rs.1,000,000 - Rs.550 + 0.01% of amount above   Rs.1000,000, subject to maximum of Rs.5000

Education Cess @ 3% will be levied on the amount of service tax
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