HDFC Bank Inward Remittance Charges — Receiving Money in India
HDFC Bank does not charge a separate fee for inward remittance. The breakdown and worked totals for a typical incoming USD transfer at ₹50,000, ₹1,00,000 and ₹5,00,000 follow.
Things to know
Applies to:Inward remittance credited to Resident savings or NRO account. NRE / FCNR / NRI-section scenarios are not modelled here.
- HDFC itself charges no inward fee, but correspondent banks abroad may deduct charges before the funds reach you.↗
- Ask the sender to use OUR charge-bearer so they pay all in-transit fees and the full foreign amount is credited.
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Other things to know
- Funds are converted to INR using the T.T. Buying rate, which is lower than the T.T. Selling rate used for outward.↗
- FIRC issuance for inward remittance costs ₹200 per certificate if you need one for tax / regulatory purposes.↗
- For NRE / FCNR rates, check HDFC's NR section — the rates shown here are for Resident inward only.↗
Inward fee components
| Component | Definition |
|---|---|
| Inward Remittance | No charge |
Worked examples (incoming USD)
| Amount | Foreign amount | Total fees |
|---|---|---|
| USD | ||
| ₹50,000 | 534.64 USD | ₹0 |
| ₹1,00,000 | 1069.29 USD | ₹0 |
| ₹5,00,000 | 5346.45 USD | ₹0 |
Try it
The calculator below is pre-loaded in inward mode. Enter the foreign-currency amount being sent to you to compare fees across all banks.
TRANSFER
You pay in INR; recipient receives USD.
Used to determine if this transfer crosses the ₹10L TCS threshold.
Best deal: Indian Overseas Bank. You save ₹1,807.72 vs the most expensive.
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
BREAKDOWN
Outward remittance
Amount being sent $1,000.00 × ₹95.44 | ₹95,440.00 |
| Outward Remittance Commission (0.075%) | ₹250.00 |
| Swift Payment Message | ₹500.00 |
| GST on Commission + Swift (18%) | ₹135.00 |
| GST on Amount Exchanged | ₹171.79 |
| Total charges | ₹1,056.79 |
| Total payable (INR) | ₹96,496.79 |
- Amount being sent
- ₹95,440.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹171.79
- Total charges
- ₹1,056.79
$1,000.00 × ₹95.44
Total payable (INR)
₹96,496.79
TCS is refundable when you file your ITR — it's a tax credit, not a fee.