Hdfc Bank Forex Charges

Hdfc bank forex charges

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Fees & Charges for Forex Services

Description of ChargesForex Services
Foreign Exchange Transactions
Remittance Outward*
Upto USD 500 or equivalentRs.

500/- flat

Above USD 500 or equivalentRs.

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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.

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300/- flat

Above USD 10000 or equivalentRs. 500/- flat
FCY Demand Drafts - CancellationRs.

Hdfc bank forex charges

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.

Hdfc bank forex charges

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 applied by the Correspondent bank (Same are not fixed and differ Currency wise)

  • GBP Cheque - GBP 15 per cheque (For Any Amount below GBP 1000)
  • GBP Cheque - GBP 25 per cheque (For Any Amount above GBP 1000)
  • AUD Cheque - AUD 35 per cheque
  • SGD Cheque - SGD 12 per cheque
  • For All other Currencies as applied by the Correspondent bank
FIRC Charge for Inward Remittance & FCY Cheques collectionRs.

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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.

Primary Sidebar

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 lakh

0.18% of ACERs.

HDFC Forex Cards – Types, Features and Benefits

45

Rs. 180
Between Rs.

Hdfc bank forex charges

1 lakh and up to Rs. 10 lakh

INR 180 + 0.09% of ACERs.

Reader Interactions

180

Rs. 990
Above Rs. 10 lakhINR 990 + 0.018% of ACERs. 990Rs.

Hdfc bank forex charges

10,800

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