HDFC Bank: Send Money to Germany

Cost at common amounts

Applies to:Outward remittance via HDFC, Resident Individual, T.T. Selling rate. The card rate at debit time is the rate actually applied.

Card rates apply up to ₹20 lakh equivalent; above that, your Relationship Manager may negotiate a better rate.↗
GST is charged twice: 18% on the commission, plus a slab-based GST on the foreign amount exchanged (min ₹45, max ₹10,800).↗
TCS at 20% applies on general LRS remittance above ₹10 lakh per financial year (refundable as a tax credit at ITR time).↗

Keep each transfer at or below $500 equivalent to stay in the lower ₹500 commission tier instead of ₹1,000.↗

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Other things to know

HDFC charges don't include originating or correspondent-bank fees — beneficiary may receive less than the foreign amount shown.↗
All commissions, fees, and charges are non-refundable unless explicitly stated otherwise.↗

Other ways to save

Refresh the rate just before initiating the transfer — HDFC updates rates intraday and the live card rate is what applies.↗
If the beneficiary must receive an exact foreign amount, ask HDFC about their Full Value facility — that mode includes the correspondent-bank fee.↗

TRANSFER

Sending currency

You pay in INR; recipient receives USD.

Amount you're sending (USD)

USD

Purpose of remittance

LRS remitted this FY so far (₹)

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.

Exchange rate

INR / 1 USD

TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.

BREAKDOWN

Charge breakdown
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