Features

Fees & Charges


FCY Demand Drafts - Issuance 

Description of ChargesForex Services
Foreign Exchange Transactions
Remittance Outward*
Upto USD 500 or equivalentRs. 500/- flat
Above USD 500 or equivalentRs. 1000/- flat
Remittance InwardNo Charge
Other Foreign Exchange Transactions
FCY Cash - SellingNo Charge
FCY Cash - EncashingNo Charge
FCY Demand Drafts - Issuance
Upto USD 500 or equivalentRs. 200/- flat
Above USD 500 to USD 10000 or equivalentRs. 300/- flat
Above USD 10000 or equivalentRs. 500/- flat
FCY Demand Drafts - CancellationRs. 50/- per Demand Draft
FCY Cheque Collection (FCY personal cheque, FCY DD's sent for collection)*
0.25% of INR value (Min. Rs. 250/- per transaction)
Plus Courier of Rs. 50/- per cheque
For Transactions value upto USD 500 - Rs 200/- per transaction plus courier charge Rs. 50/- per instrutment

Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.
FCY Cheque Return*Under Cash Letter arrangement - Rs. 100/- per cheque
Under Final Credit service arrangement - Rs. 250/- per cheque
Plus CorrespondentBank Charges
  • USD Cheque - USD 10 per cheque
  • GBP Cheque - GBP 15 per cheque (For Any Amount below GBP 1000)
  • GBP Cheque - GBP 25 per cheque (For Any Amount above GBP 1000)
  • SGD Cheque - SGD 12 per cheque
  • AED Cheque : INR 100 per cheque plus drawee bank charges
  • CAD Cheque - CAD 10 per cheque
  • EURO Cheque - EUR 100 per cheque plus drawee bank charges
  • Other Currencies - USD10 -50 per cheque plus drawee bank charge
FIRC Charge for Inward Remittance & FCY Cheques collectionRs. 200/- per FIRC


*Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.


Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realise 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.


The Government of India has announced the implementation of Goods and Services Tax (GST) effective 1st July, 2017. Consequently, Service Tax rate (including Cess) will be replaced by the GST rate as below:


1. Goods and Service Tax on FX Conversion will be revised from 14.5% to 18%


Slab for Service Tax on FX Conversion:

Amount of Currency Exchanged (ACE)GST ratesMinimum GSTMaximum GST
Upto Rs. 1 lakh0.18% of ACERs. 45Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakhINR 180 + 0.09% of ACERs. 180Rs. 990
Above Rs. 10 lakhINR 990 + 0.018% of ACERs. 990Rs. 10,800


2. Goods and Service Tax on commission, fees and charges on foreign exchange transactions will be revised from 15% to 18%.