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Full Value Trade Remittance Facility

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

Full Value Trade Remittance - Send Money Overseas

Full Value Trade Remittance - Send Money Overseas

Are you looking to send money to an entity abroad, without the deduction of any foreign bank charges, then look no more? With HDFC Bank, you can avail of that facility now.

The Full Value Remittance facility for your Trade Outward remittance will

  • Prevent any reconciliation issues that may arise as a result of the deduction of foreign bank charges
  • Ensure the receiver gets the entire funds without deductions
  • And eliminate the uncertainty of intermediary bank charges

When you transfer USD, EUR, or GBP via outward remittances to a beneficiary overseas, you can opt for a full valve payment option that ensures your beneficiary receives the entire funds without any foreign bank charges. 

It's one of the best ways to save extra and avoid paying additional fees. 

Charges

Avail 100% waiver of Full Value Charges in USD, EUR, and GBP till 30 September 2024.

Do Note: 


  • Full value remittance facility is available for individual and trade outward remittances. 
  • Currently, this facility is available in three currencies: USD, EUR, and GBP only. 
  • While you're initiating outward remittances in these 3 currencies, you must opt for this facility. 
  • If the beneficiary bank Levies any charges on the beneficiary, as per their account setup, this facility does not cover it. 

Full Value Trade FAQ

Q) What is the Full Value Trade Remittance facility?

A) The Full Value Trade Remittance facility will enable you to send money abroad that ensures your beneficiary receives the entire amount without any foreign bank charges. 

Q) Who can avail Full Value Trade Remittance facility? 

A) Customers who transfer funds abroad for trade purposes in USD, GBP and EUR can make available this facility. 

Q) How can customers avail the Full Value Trade Remittance facility?

A) To avail of this facility, you must either mention this in a request letter or fill out the A2 form. 

Q) How do customers access the Full Value Trade Remittance facility?

A) The Full Value Trade Remittance facility is available at the Trade Desk. You must opt for this facility while initiating an outward remittance.

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

A) This facility is currently available in three currencies: USD, EUR, and GBP. 

Q) Do the charges levied by the beneficiary bank as part of their account setup covered under this offering?

A) Charges by the beneficiary's bank as per their account setup with the beneficiary, if any, are not covered under this facility.

Q) In which countries can you conduct the outward remittance?

A) This facility is permitted to all countries except those under OFAC and FATF sanction list.

Q) What is the charge applied for processing a Full Value remittance request?

A) You can now avail 100% waiver of Full Value Charge for the Full Value remittance facility in USD, EUR, and GBP till June 30, 2022.

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