Full Value Personal Remittance

Facility for USD, EUR and GBP outward remittance across the globe

Full Value Personal Remittance


Full Value Personal Remittance - Send Money Overseas


There are times when family members or friends living overseas may need funds, and you may need to send them money for several purposes. With HDFC Bank, you can easily avail this facility without any deductions or charges. 

Typically, when you send money internationally, it carries certain charges. However, through our remittance transfer facility, you can make an international electronic money transfer without any deductions or charges.

It is available via Netbanking and at Branches for USD, while EUR and GBP can be done only via the branch. So, save money by selecting Full Value on your next transfer.

Charges

Avail 100% waiver of Full Value Charges in USD, EUR, and GBP to both US and Non-US locations till 31 March 2025.

Do Note: 

  • Full Value Remittance facility is available for Individual Outward Remittances.
  • Full Value Remittance is currently available in 
            - Our branches for USD, EUR and GBP currencies
            - Through Netbanking (RemitNow) for USD currency
  • Other transaction charges, commission and GST, will be applicable. For more details on fees and charges, please click here.
  • This facility does not cover the charges of the beneficiary's bank, if any, as per their account setup with the beneficiary.

Full Value Individual FAQ

Q) What is the Full Value Individual Remittance facility?

A) Outward Remittance refers to funds you send to a party, residing abroad. The Full Value Remittance facility ensures your beneficiary abroad receives the entire amount without any foreign bank charges*.

Q) Who can avail of the Full Value Individual Remittance facility?

A) Only when you send money to a personal account (Personal Outward Remittance) is it eligible for the Full Value Individual Remittance facility. 

Q) How can you access the Full Value Individual Remittance facility?

A) HDFC Bank customers can avail of this facility by visiting an HDFC Bank branch or by logging in to Netbanking and selecting the RemitNow option. You must choose this Full Value facility while initiating an outward remittance.

Q) How many currencies are available in Full Value Remittance?

A) Currently, this facility is available in:

  • USD, EUR, and GBP through our branches 
  • USD through Netbanking (RemitNow)

Q) Are the charges levied by the beneficiary bank as part of their account setup covered under the Full Value offering? 

A) This facility does not cover the charges of the beneficiary's bank, if any, as per their account setup.

Q) In which countries can the foreign currency outward remittance be undertaken through this facility?

A) This facility is permitted in all countries other than those under OFAC and FATF sanction list.

Q) What are the commission/fees/charges and taxes applicable for processing a Full Value Remittance request?

A) You can now avail of a 100% waiver of Full Value Charges when you avail of the Full Value Remittance facility in USD, EUR, and GBP till 31 March 2024.

Apart from the Full Value Charge, HDFC Bank levies the following charges and taxes for this transaction:

  • Remittances up to USD 500 or equivalent = ₹500 Commission + GST per transaction
  • Remittances above USD 500 or equivalent = ₹1,000 Commission + GST per transaction
  • GST on the amount of foreign currency exchanged (details under Fees and Charges)
  • Tax Collected at Source (TCS) applies to all forex withdrawals under LRS as per government notification
  • All taxes and levies as per applicable government notification
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Click here to know more about the charges, commissions and GST applicable on Foreign Exchange transactions.