Remittance Products

Send money to your loved ones and receive money from them, without any hassles with HDFC Bank’s Remittances products. These products are categorized depending on your location and the urgency with which you want the money transferred.

Telegraphic Transfers:

With HDFC Bank Telegraphic Transfers, you can easily transfer a wide range of foreign currencies. We also have multiple correspondent bank tie-ups for major currencies.

Inward remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different.:

Just walk into your Bank abroad with the details of your remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different., and ask them to remit the funds to us, through any of our below mentioned correspondent Banks across the world, and we will credit your or your beneficiary's account or open a Rupee or a Foreign Currency Fixed Deposit as required by you.

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Outward RemittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different.:

HDFC Bank can send money overseas to your loved ones in 17 different currencies through SWIFT. SWIFT transfer is one of the safest and most convenient ways to send money. Your money will reach within 72 hours of your instructions anywhere in the world. To send Outward RemittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. you have to just walk into any of our branches to fill up the required documentation.

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You can now avail of our Foriegn Currency Demand Drafts facility for university fees, make payments abroad, medical fees, migrating to other countries etc. With HDFC bank now you can issue a Foreign Currency Demand Draft through any branch across India, in 10 leading currencies such as; United States Dollars (USD), Great Britain Pounds (GBP), EURO, Japanese Yen (JPY), Australian Dollars (AUD), Canadian dollars (CAD), New Zealand Dollars (NZD), Hong Kong Dollars (HKD), Swiss Francs (CHF) and Singapore Dollars (SGD).

You can directly deposit your foreign currency cheques, foreign currency demand draft and Travellers 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.

Click here to find out Turn Around Time for FCY cheque collection

Note:

• The Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate
• In addition to the above mentioned period, date of credit to customer account would include transit time to correspondent bank

Please follow the simple guidelines below to enable faster processing:

• a. Ensure that your
  • Account Number and Name are correct and clear on the payin slip
• b. Make sure the Cheque / Draft is countersigned in case of an alteration
  • In the payee's name
  • In the date
  • In the amount
  • Or over-writing on the signature
• c. Ensure that the amount entered in words and the figures are written correctly.

Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realize and would attract charges of various correspondent banks as per their own tariff schedule over which we do not have any control. For e.g. A cheque drawn in USD payable on a bank in Singapore or Cheque drawn in GBP payable on a bank in South Africa or Cheque drawn in USD payable in Canada.
Know your Foreign Exchange Limits here.

Return of Foreign Currency Cheque/Instrument:

Foreign currency cheque/instrument sent for collection to the Payee bank through Correspondent Bank located outside India can be returned by the Payee bank even after crediting the proceeds to depositor’s account after cooling period, for whatsoever reason including but not limited to "insufficient funds", "account closed", fraudulent cheque" etc as per prevailing clearing rules / laws related to cheque collection in drawee countries.

In case of such cheque returns, the Payee bank recovers the amount of returned cheque, thus credited earlier, by debiting the HDFC Bank’s Nostro account. HDFC Bank has the right to debit the depositor’s account to the extent of returned cheque amount immediately (at the prevailing exchange rate) along with charges and interest from the date of credit of proceeds till the date on which amount is recovered from the depositor.

HDFC Bank provides you access to a unique remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. facility via a cheque payable anywhere in the US and Europe - the Lock Box services. Lock Box is a low-cost remitting facility that provides for fast, safe and efficient transfer of funds to any HDFC Bank customer or for booking of a fixed deposit, through a central cheque collection system based in the US and Europe.

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Application form for Foreign Exchange:

This is a compulsory form to be filled in while requesting to buy FCY Cash, Travellers Cheques, FCY Demand Drafts and O/W TT's.
Click here to download the form.

Declaration for Foreign Exchange:

This declaration form is to be filled in when purchasing Foreign Exchange for the purposes of Emmigration, Maintenance of Close Relatives, BTQ, Medical treatment, Employment abroad. Through this form one can request for FCY Cash, Travellers Cheques, FCY Demand Drafts and O/W TT's.
Click here to download the form.

Form A2:

This RBI form is to be filled in only if the customer is taking Foreign Exchange more than USD 5000 or equivalent.
Click here to download the form.

For transactions for value up to USD 5000 or equivalent simplified application-cum-declaration form is to be filled.
Click here to download the form.

Liberalised Declaration for Foreign Exchange:

As Indian residents are allowed to purchase assets outside India, gift and donations etc. RBI has permitted residents to do remittanceRemittance is any form of money transfer or payment done from one's working country to home country. Depending on the difference in currency rates and the amount to be transferred, the charges on remittance are also different. out of India upto USD 200,000. This declaration is to be filled in for this purpose.
Click here to download the form.

After downloading the forms, please follow these steps:

• Download an application form to know which forms you need to fill.
• After downloading the forms, print and complete the application form.
• Submit the documents at any of our branches.

Please allow a week's time for us to revert on your application. Thank you for choosing HDFC Bank for your banking needs.

For fees and charges, please click here.

Have more questions, check our FAQs Section