Remittance Services Fees & Charges

Description of Charges	Forex Services
Foreign Exchange Transactions
Remittance Outward*	Commission : Upto USD 500 or equivalent Rs. 500 + applicable taxes Above USD 500 or equivalent Rs. 1000 + applicable taxes
Remittance Inward	No Charge
Other Foreign Exchange Transactions
FCY Cash - Selling	No Charge
FCY Cash - Encashing	No Charge
FCY Demand Drafts - Issuance	Upto USD 500 or equivalent Rs. 200 + applicable taxes Above USD 500 to USD 10000 or equivalent Rs. 300 + applicable taxes Above USD 10000 or equivalent Rs. 500 + applicable taxes
FCY Demand Drafts - Cancellation	Rs. 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 Correspondent Bank Charges as below : 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 collection	Rs. 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, excluding remittances sent under Full value facility.

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.  

Goods and Services Tax: All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above. Presently, the applicable rate of GST is as under:

1. On amount of commission, fees and charges (including Full Value charges) paid - @ 18% of amount of the commission/fees/charges.
2. On amount of foreign currency exchanged as per below slab:
   
   

Amount of Currency Exchanged (ACE)	GST rates	Minimum GST	Maximum GST
Upto Rs. 1 lakh	0.18% of ACE	Rs. 45	Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakh	INR 180 + 0.09% of ACE	Rs. 180	Rs. 990
Above Rs. 10 lakh	INR 990 + 0.018% of ACE	Rs. 990	Rs. 10,800

Revision in TCS on LRS Transactions w.e.f 1st October 2023. Click here

Note: All commission, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).