HDFC Bank · India → New Zealand
HDFC Bank to New Zealand: what it actually costs to send NZD from India
At ₹1,00,000, HDFC Bank charges ₹1,360 — the 4th-cheapest of 6 banks for NZD. State Bank of India is ₹351 cheaper.
Last updated 9 Oct 2026
Fee breakdown
- Commission ₹1,000
- GST Commission ₹180
- GST Exchange ₹180
- Total at ₹1,00,000₹1,360
NZD rate trend at HDFC Bank
Today HDFC Bank sells NZD at ₹56.5700 (TT Selling) and buys it at ₹52.0000 (TT Buying). The selling rate is +0.3300 (+0.59%) since 2 Oct and −1.9100 (−3.27%) since 1 Sep.
- 30-day TT Selling range: ₹56.0300 – ₹58.0000 across 15 refreshes.
- ₹1,00,000 bought between 1724.14 and 1784.76 NZD over that window, before charges.
What's specific to NZD at HDFC Bank
HDFC Bank's fee lines don't vary by destination currency — the breakdown above applies to every corridor it supports; only the exchange rate changes.
Receiving in New Zealand
- New Zealand accounts use a 15–16 digit number in the format bank-branch-account-suffix; the SWIFT/BIC code routes the wire. No IBANs.
- New Zealand banks typically charge the recipient an incoming international payment fee (around NZD 10–15); some waive it for students.
- Universities publish NZD bank details or a payment portal; wire in NZD to avoid a second conversion on arrival.
New Zealand is 6.5–7.5 hours ahead of IST; transfers sent in the Indian afternoon credit the next New Zealand business day.
How this compares
State Bank of India is ₹351 cheaper than HDFC Bank for sending NZD to New Zealand.
See the full side-by-side →HDFC Bank — 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.↗
FAQ — HDFC Bank to New Zealand
What is HDFC Bank's NZD rate today?
₹56.5700 per NZD is HDFC Bank's TT Selling rate today — the rate applied when you send — and ₹52.0000 is its TT Buying rate for money you receive. The selling rate is +0.3300 (+0.59%) since 2 Oct. The full sheet with a 90-day chart is on the HDFC Bank forex rates page.
How much does HDFC Bank charge to send NZD to New Zealand?
On a ₹1,00,000 outward remittance, 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 for NZD. The fee breakdown above shows every line item.
Is HDFC Bank the cheapest bank to send NZD to New Zealand?
No — State Bank of India is currently ₹351 cheaper than HDFC Bank for NZD to New Zealand at ₹1,00,000. HDFC Bank ranks 4th of 6 banks in our coverage for this corridor.
How long does a HDFC Bank transfer to New Zealand take?
A standard SWIFT / TT outward remittance from HDFC Bank to a beneficiary in New Zealand typically settles in 1–3 working days, depending on correspondent-bank routing.
What do I need to send money to New Zealand with HDFC Bank?
You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in New Zealand, and proof of source of funds for larger amounts. TCS at 20% applies above ₹10 lakh per financial year for most non-education purposes and is claimable in your ITR.
Run your own numbers
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.
Want the full picture?
- HDFC Bank Bank: all remittance charges — every corridor HDFC Bank supports, side by side
- Send money to New Zealand from India — all 6 banks compared for NZD