HDFC Bank vs State Bank of India — Remittance Charges Compared

Side-by-side fee comparison between HDFC Bank and State Bank of India on outward remittance from India. The verdict matrix below shows the cheaper bank at ₹50K, ₹1L, ₹5L across USD, GBP, EUR, AED, with the rupee delta.

Outward fee components

HDFC BankState Bank of India
  • 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
  • Outward Remittance Commission (Individual): Flat ₹250
  • Swift Charge: Flat ₹500
  • GST on Commission + Swift (18%): 18% on commission, swift_charge
  • GST on Amount Exchanged: Slab by ACE; 3 bands

TT Selling rates side-by-side

CurrencyHDFC BankState Bank of India
USD 95.9900 94.8000
GBP 127.8200 125.8700
EUR 110.2500 109.3500
AED 26.4700 26.3500

Verdict matrix

SendCurrencyHDFC BankState Bank of IndiaWinnerΔ
₹50,000 USD ₹1,270 ₹975 State Bank of India ₹295
₹1,00,000 USD ₹1,360 ₹1,065 State Bank of India ₹295
₹5,00,000 USD ₹1,810 ₹1,425 State Bank of India ₹385
₹50,000 GBP ₹1,270 ₹975 State Bank of India ₹295
₹1,00,000 GBP ₹1,360 ₹1,065 State Bank of India ₹295
₹5,00,000 GBP ₹1,810 ₹1,425 State Bank of India ₹385
₹50,000 EUR ₹1,270 ₹975 State Bank of India ₹295
₹1,00,000 EUR ₹1,360 ₹1,065 State Bank of India ₹295
₹5,00,000 EUR ₹1,810 ₹1,425 State Bank of India ₹385
₹50,000 AED ₹1,270 ₹975 State Bank of India ₹295
₹1,00,000 AED ₹1,360 ₹1,065 State Bank of India ₹295
₹5,00,000 AED ₹1,810 ₹1,425 State Bank of India ₹385

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Transfer details
INR

Today's rate from State Bank of India's published forex sheet.

Outward remittance

Enter an amount to see charges.

Estimate only. Excludes correspondent/intermediary-bank charges. Exchange rates shown are indicative.