HDFC Bank · Outward remittance
HDFC Bank Remittance Charges
Full per-currency rate sheet, fee-component breakdown, and worked totals at ₹50,000, ₹1,00,000, and ₹5,00,000 across USD, GBP, EUR, AED — all computed against HDFC Bank's own data. Also called international wire transfer, SWIFT or telegraphic transfer (TT) charges.
Today's USD rate
₹98.3500
TT Selling, INR per 1 unit
Commission
₹500–₹1,000
tiered by USD
GST
18%
on Commission
Swift / correspondent
—
not separately charged
01 · Things to know
Things to know
Applies to:Sending money abroad through HDFC as a Resident Individual, online or at a branch. You're charged at the T.T. Selling rate live at the moment of debit.
- Card-rate cap. Card rates apply up to ₹20 lakh equivalent; above that, your Relationship Manager can often negotiate a better rate.↗
- GST is charged twice. You pay 18% GST on the commission, plus a separate slab GST on the amount converted (₹45 minimum, ₹10,800 cap).↗
- The 'Self' option adds a hidden cost. At checkout you pick who pays the correspondent bank: 'Self' bills it to you in INR after the transfer (an extra we can't show — HDFC lists no fixed amount), 'Beneficiary' takes it from the recipient, 'Full Value' waives it. Our total covers HDFC's commission + GST only.↗
- TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh in a financial year — you claim it back as a tax credit when you file your ITR.↗
- Split to stay in the lower tier. Keep each transfer at or below $500 equivalent to pay the ₹500 commission instead of ₹1,000.↗
▸Show 3 more notes
Other things to know
- Fees aren't refundable. Once charged, HDFC's commission and fees aren't refunded unless stated otherwise.↗
Other ways to save
- Lock the rate at the last moment. HDFC updates rates through the day, so refresh right before you confirm — the live card rate is what you'll get.↗
- Full Value for an exact amount. Need the recipient to get an exact figure? HDFC's Full Value facility absorbs the correspondent fee (USD online; EUR/GBP branch-only). HDFC advertised a 100% waiver until 30 Sep 2026 and hasn't updated the page since — check what Full Value costs at checkout.↗
02 · What you'll pay
What you'll pay
HDFC Bank bundles a small set of line items into the final fee. Each is computed from the rules below.
| Component | How it's calculated |
|---|---|
| Outward Remittance Commission | Tiered by USD amount: ≤500: ₹500, >500: ₹1000 |
| GST on Commission (18%) | 18% on commission |
| GST on Amount Exchanged | Slab by ACE; 3 bands |
03 · Today's rates
Today's rates
TT Selling = rate the bank uses when you send money abroad. TT Buying = rate applied when you receive money from abroad. Spread shows how much wider the sell rate is over the buy rate.
| Currency | TT Selling (outward) | TT Buying (inward) | Spread |
|---|---|---|---|
| USD | 98.3500 | 94.9000 | 3.64% |
| EUR | 110.7900 | 106.1300 | 4.39% |
| GBP | 131.4700 | 124.3700 | 5.71% |
| AUD | 69.8900 | 64.9200 | 7.66% |
| CAD | 69.9400 | 66.0200 | 5.94% |
| CHF | 119.3600 | 113.3700 | 5.28% |
| NZD | 56.5700 | 52.0000 | 8.79% |
| SGD | 76.8900 | 74.1300 | 3.72% |
| HKD | 12.6900 | 11.9300 | 6.37% |
| JPY | 0.6354 | 0.5873 | 8.19% |
| KRW | 0.0754 | 0.0686 | 9.91% |
| THB | 2.9800 | 2.7700 | 7.58% |
| CNH | 15.0800 | 13.7700 | 9.51% |
| AED | 27.1300 | 25.4900 | 6.43% |
| SAR | 26.5400 | 24.9300 | 6.46% |
| OMR | 259.1300 | 242.8200 | 6.72% |
| BHD | 264.1400 | 248.1200 | 6.46% |
| KWD | 323.6100 | 303.5200 | 6.62% |
| QAR | 27.4700 | 25.5900 | 7.35% |
| DKK | 15.0100 | 14.0100 | 7.14% |
| NOK | 10.6000 | 9.6200 | 10.19% |
| SEK | 10.1700 | 9.2400 | 10.06% |
| ZAR | 6.1000 | 5.5900 | 9.12% |
04 · Worked examples
Worked examples
Real totals at three benchmark amounts across four currencies, computed against HDFC Bank's own rate sheet.
| Amount | Foreign amount | Total fees |
|---|---|---|
| USD | ||
| ₹50,000 | 508.39 USD | ₹1,270 |
| ₹1,00,000 | 1016.78 USD | ₹1,360 |
| ₹5,00,000 | 5083.88 USD | ₹1,720 |
| GBP | ||
| ₹50,000 | 380.31 GBP | ₹1,270 |
| ₹1,00,000 | 760.63 GBP | ₹1,360 |
| ₹5,00,000 | 3803.15 GBP | ₹1,720 |
| EUR | ||
| ₹50,000 | 451.30 EUR | ₹1,270 |
| ₹1,00,000 | 902.61 EUR | ₹1,360 |
| ₹5,00,000 | 4513.04 EUR | ₹1,720 |
| AED | ||
| ₹50,000 | 1842.98 AED | ₹1,270 |
| ₹1,00,000 | 3685.96 AED | ₹1,360 |
| ₹5,00,000 | 18429.78 AED | ₹1,720 |
Sending money to specific countries
At ₹1,00,000, HDFC Bank charges the same total on every supported corridor — commission and GST components don't vary by destination currency at this amount.
Supported corridors — click any for the full breakdown
FAQ — HDFC Bank remittance charges
How much does HDFC Bank charge for outward remittance from India?
On a ₹1,00,000 transfer in USD, HDFC Bank's all-in cost today is ₹1,360 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate (rates updated 9 Oct 2026). The worked examples above show totals at other amounts and currencies.
What are HDFC Bank's international wire transfer (SWIFT) charges?
A wire transfer, a SWIFT transfer and a telegraphic transfer (TT) are the same product — an outward remittance. HDFC Bank charges an Outward Remittance Commission of ₹500–₹1,000 depending on the USD amount; and 18% GST on those fees, on top of converting your rupees at its TT Selling rate. Every line is itemised in the fee table above.
Is an "international transaction charge" the same as HDFC Bank's remittance charge?
No. An international transaction charge (or forex markup) is what a debit or credit card adds when you pay in a foreign currency — usually a percentage of the purchase plus GST. A SWIFT remittance from HDFC Bank is priced differently: commission, SWIFT / correspondent charges and 18% GST, plus the TT Selling rate. The two never apply to the same transaction.
What exchange rate does HDFC Bank use for international transfers?
HDFC Bank converts your INR at its own published TT Selling rate — currently ₹98.35 per USD (rates updated 9 Oct 2026). This rate already includes the bank's margin over the mid-market rate, typically 1–2% at Indian banks, which is a real cost on top of the visible fees.
Does HDFC Bank charge GST on international money transfers?
Yes — GST at 18% is charged on HDFC Bank's commission (and on SWIFT / correspondent charges where the bank explicitly applies it). GST applies to the bank's fee portion, not to the amount you're sending. Every GST line is shown separately in the fee breakdown on this page.
How long does an international transfer from HDFC Bank take?
A standard SWIFT / TT outward remittance from HDFC Bank typically credits the beneficiary in 1–3 working days, depending on the destination country and correspondent-bank routing.
How much money can I send abroad through HDFC Bank in a year?
Under the RBI's Liberalised Remittance Scheme (LRS), a resident Indian can remit up to USD 250,000 per financial year — the cap applies across all banks and purposes combined, not per bank. TCS at 20% applies above ₹10 lakh per year for most non-education purposes and is claimable in your ITR.
Try it
Run your own numbers
Adjust the amount and currency below to see live totals for HDFC Bank.
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 ₹3,948.89 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 × ₹96.89 | ₹96,890.00 |
| Outward Remittance Commission (0.075%) | ₹250.00 |
| Swift Payment Message | ₹500.00 |
| GST on Commission + Swift (18%) | ₹135.00 |
| GST on Amount Exchanged | ₹174.40 |
| Total charges | ₹1,059.40 |
| Total payable (INR) | ₹97,949.40 |
- Amount being sent
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
$1,000.00 × ₹96.89
Total payable (INR)
₹97,949.40
Indian Overseas Bank
₹97,949.40
Cheapest
TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹96.89
- ₹96,890.00
- Outward Remittance Commission (0.075%)
- ₹250.00
- Swift Payment Message
- ₹500.00
- GST on Commission + Swift (18%)
- ₹135.00
- GST on Amount Exchanged
- ₹174.40
- Total charges
- ₹1,059.40
- Total payable (INR)
- ₹97,949.40
State Bank of India
₹98,282.54
+₹333.14 vs cheapest
TT Selling rate from State Bank of India's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹97.05
- ₹97,050.00
- Branch Commission
- ₹970.50
- Correspondent Bank Charge (Remitter mode)
- ₹87.35
- GST on Amount Exchanged
- ₹174.69
- Total charges
- ₹1,232.54
- Total payable (INR)
- ₹98,282.54
ICICI Bank
₹99,466.60
+₹1,517.20 vs cheapest
TT Selling rate from ICICI Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.11
- ₹98,110.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹176.60
- Total charges
- ₹1,356.60
- Total payable (INR)
- ₹99,466.60
Kotak Mahindra Bank
₹99,697.01
+₹1,747.61 vs cheapest
TT Selling rate from Kotak Mahindra Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.34
- ₹98,340.00
- Outward Remittance Commission (Online)
- ₹500.00
- Correspondent Bank Charge
- ₹500.00
- GST on Commission + Correspondent (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.01
- Total charges
- ₹1,357.01
- Total payable (INR)
- ₹99,697.01
HDFC Bank
₹99,707.03
+₹1,757.63 vs cheapest
TT Selling rate from HDFC Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.35
- ₹98,350.00
- Outward Remittance Commission
- ₹1,000.00
- GST on Commission (18%)
- ₹180.00
- GST on Amount Exchanged
- ₹177.03
- Total charges
- ₹1,357.03
- Total payable (INR)
- ₹99,707.03
Axis Bank
₹1,01,898.29
+₹3,948.89 vs cheapest
TT Selling rate from Axis Bank's published forex sheet — edit to model a quoted rate.
- Amount being sent$1,000.00 × ₹98.45
- ₹98,450.00
- Remittance Commission
- ₹1,000.00
- Correspondent Bank Charge (OUR)
- ₹1,772.10
- GST on Commission + Correspondent (18%)
- ₹498.98
- GST on Amount Exchanged
- ₹177.21
- Total charges
- ₹3,448.29
- Total payable (INR)
- ₹1,01,898.29
TCS is refundable when you file your ITR — it's a tax credit, not a fee.