HDFC Bank · India → USA
HDFC Bank to USA: what it actually costs to send USD from India
At ₹1,00,000, HDFC Bank charges ₹1,360 — the 3rd-cheapest of 6 banks for USD. Indian Overseas Bank is ₹295 cheaper.
Last updated 9 Oct 2026
Fee breakdown
- Commission ₹1,000
- GST Commission ₹180
- GST Exchange ₹180
- Total at ₹1,00,000₹1,360
USD rate trend at HDFC Bank
Today HDFC Bank sells USD at ₹98.3500 (TT Selling) and buys it at ₹94.9000 (TT Buying). The selling rate is +0.4400 (+0.45%) since 2 Oct and +1.6900 (+1.75%) since 1 Sep.
- 30-day TT Selling range: ₹97.3000 – ₹98.4700 across 15 refreshes.
- ₹1,00,000 bought between 1015.54 and 1027.75 USD over that window, before charges.
What's specific to USD 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 USA
- US banks identify accounts by a 9-digit ABA routing number plus the account number; the SWIFT/BIC code routes the international leg. Both go on the A2 form — a wire with only one of them is delayed or returned.
- Many US banks charge the recipient an incoming international wire fee — commonly USD 15–25 — on top of whatever the Indian bank charged. It shows up as a deduction on the US side, never on your Indian receipt.
- Universities often collect fees through Flywire or Convera rather than a direct wire; those platforms quote their own rate, so compare it with the TT Selling rates on this page before paying.
The US is 9.5–12.5 hours behind IST in summer (10.5–13.5 in winter), so a transfer initiated in the Indian morning usually reaches the US bank on the same US business day; weekends and US bank holidays add a day.
How this compares
Indian Overseas Bank is ₹295 cheaper than HDFC Bank for sending USD to USA.
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 USA
What is HDFC Bank's USD rate today?
₹98.3500 per USD is HDFC Bank's TT Selling rate today — the rate applied when you send — and ₹94.9000 is its TT Buying rate for money you receive. The selling rate is +0.4400 (+0.45%) 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 USD to USA?
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 USD. The fee breakdown above shows every line item.
Is HDFC Bank the cheapest bank to send USD to USA?
No — Indian Overseas Bank is currently ₹295 cheaper than HDFC Bank for USD to USA at ₹1,00,000. HDFC Bank ranks 3rd of 6 banks in our coverage for this corridor.
How long does a HDFC Bank transfer to USA take?
A standard SWIFT / TT outward remittance from HDFC Bank to a beneficiary in USA typically settles in 1–3 working days, depending on correspondent-bank routing.
What do I need to send money to USA with HDFC Bank?
You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in USA, 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 USA from India — all 6 banks compared for USD