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ICICI Bank · India → Hong Kong

ICICI Bank to Hong Kong: what it actually costs to send HKD from India

At ₹1,00,000, ICICI Bank charges ₹1,065 — the 2nd-cheapest of 6 banks for HKD. State Bank of India is ₹885 cheaper.

Last updated 9 Oct 2026

Fee breakdown

  • Commission ₹750
  • GST Commission ₹135
  • GST Exchange ₹180
  • Total at ₹1,00,000₹1,065

HKD rate trend at ICICI Bank

Today ICICI Bank sells HKD at ₹12.6900 (TT Selling) and buys it at ₹11.9700 (TT Buying). The selling rate is +0.1100 (+0.87%) since 2 Oct and +0.2200 (+1.76%) since 1 Sep.

  • 30-day TT Selling range: ₹12.5400 – ₹12.6900 across 15 refreshes.
  • ₹1,00,000 bought between 7880.22 and 7974.48 HKD over that window, before charges.
ICICI Bank HKD TT selling and TT buying rates, last 90 days16 Jul: TT Selling ₹12.6400 · TT Buying ₹11.910020 Jul: TT Selling ₹12.6600 · TT Buying ₹11.940029 Jul: TT Selling ₹12.5600 · TT Buying ₹11.850031 Jul: TT Selling ₹12.5200 · TT Buying ₹11.81001 Aug: TT Selling ₹12.5200 · TT Buying ₹11.81004 Aug: TT Selling ₹12.5100 · TT Buying ₹11.80007 Aug: TT Selling ₹12.5000 · TT Buying ₹11.790024 Aug: TT Selling ₹12.5600 · TT Buying ₹11.85001 Sep: TT Selling ₹12.4700 · TT Buying ₹11.760011 Sep: TT Selling ₹12.5700 · TT Buying ₹11.850014 Sep: TT Selling ₹12.5700 · TT Buying ₹11.850021 Sep: TT Selling ₹12.5700 · TT Buying ₹11.860023 Sep: TT Selling ₹12.5400 · TT Buying ₹11.830024 Sep: TT Selling ₹12.5800 · TT Buying ₹11.860028 Sep: TT Selling ₹12.5800 · TT Buying ₹11.870029 Sep: TT Selling ₹12.6100 · TT Buying ₹11.890030 Sep: TT Selling ₹12.5800 · TT Buying ₹11.86001 Oct: TT Selling ₹12.5800 · TT Buying ₹11.87002 Oct: TT Selling ₹12.5800 · TT Buying ₹11.87005 Oct: TT Selling ₹12.6200 · TT Buying ₹11.91006 Oct: TT Selling ₹12.6400 · TT Buying ₹11.93007 Oct: TT Selling ₹12.6500 · TT Buying ₹11.93008 Oct: TT Selling ₹12.6800 · TT Buying ₹11.96009 Oct: TT Selling ₹12.6900 · TT Buying ₹11.970012.6911.7616 Jul9 Oct
TT Selling (when you send)TT Buying (when you receive)24 refreshes · INR per 1 HKD · hover a point for its values

All ICICI Bank forex rates today →

What's specific to HKD at ICICI Bank

  • Outward Remittance Commission: ₹750 for HKD, the standard rate — USD, GBP, EUR, AUD, CAD are priced at ₹1,000 instead.

Receiving in Hong Kong

  • Hong Kong accounts use a 3-digit bank code plus a 6–9 digit account number; the SWIFT/BIC code routes the wire. No IBANs.
  • HSBC, Hang Seng, Standard Chartered and Bank of China (HK) commonly charge the recipient a fee for an incoming telegraphic transfer (often HKD 50–65); FPS cannot receive a SWIFT wire.
  • Many payees accept HKD or USD; send HKD so the amount is not converted a second time on arrival.

Hong Kong is 2.5 hours ahead of IST; morning transfers from India often credit the same day.

How this compares

State Bank of India is ₹885 cheaper than ICICI Bank for sending HKD to Hong Kong.

See the full side-by-side →

ICICI Bank — Things to know

Applies to:Sending money abroad through ICICI NetBanking or iMobile as a Resident Individual. Branch and NRI cases aren't modelled here.

  • Home corridors cost ₹1,000 — with guaranteed delivery. Since 1 Apr 2026, USD→USA, GBP→UK, EUR→Eurozone, AUD→Australia and CAD→Canada carry a ₹1,000 commission that ICICI labels 'Full Value Credit (Guaranteed Delivery)': no intermediary deductions, the full amount reaches the beneficiary bank. Every other route is ₹750 and non-guaranteed.↗
  • ₹750 routes can lose money in transit. On the ₹750 non-guaranteed routes ICICI's charges don't include intermediary or correspondent bank fees — those banks can deduct their own charges from what the recipient receives, and ICICI publishes no amount for them.↗
  • Branch costs more. At a branch the ₹750 routes cost ₹1,000 and USD→USA costs ₹1,500 (vs ₹1,000 online); the other four home corridors are ₹1,000 either way.↗
  • GST is charged twice. GST applies to both the commission and the currency conversion (a slab), so your total GST is more than 18% of the commission alone.↗
  • TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year — refundable as a tax credit at ITR time.
  • Skip the branch. Use NetBanking or iMobile instead of a branch: ₹250 cheaper on most routes and ₹500 cheaper for USD→USA.
  • Compare the ₹1,000 with other banks' OUR totals. On the five home corridors the extra ₹250 buys guaranteed full-value delivery, so weigh it against other banks' commission plus correspondent charge — not their base commission alone.
▸Show 1 more note

Other things to know

  • Card-rate cap. Card rates cover up to USD 25,000 per request and are indicative — the rate at debit time is what applies; above the cap, contact the branch or your RM.↗

FAQ — ICICI Bank to Hong Kong

What is ICICI Bank's HKD rate today?

₹12.6900 per HKD is ICICI Bank's TT Selling rate today — the rate applied when you send — and ₹11.9700 is its TT Buying rate for money you receive. The selling rate is +0.1100 (+0.87%) since 2 Oct. The full sheet with a 90-day chart is on the ICICI Bank forex rates page.

How much does ICICI Bank charge to send HKD to Hong Kong?

On a ₹1,00,000 outward remittance, ICICI Bank's all-in cost today is ₹1,065 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for HKD. The fee breakdown above shows every line item.

Is ICICI Bank the cheapest bank to send HKD to Hong Kong?

No — State Bank of India is currently ₹885 cheaper than ICICI Bank for HKD to Hong Kong at ₹1,00,000. ICICI Bank ranks 2nd of 6 banks in our coverage for this corridor.

How long does a ICICI Bank transfer to Hong Kong take?

A standard SWIFT / TT outward remittance from ICICI Bank to a beneficiary in Hong Kong typically settles in 1–3 working days, depending on correspondent-bank routing.

What do I need to send money to Hong Kong with ICICI Bank?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in Hong Kong, 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.

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.

INR / 1 USD

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

BREAKDOWN

Outward remittance

Amount being sent
₹96,890.00

$1,000.00 × ₹96.89

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

TCS is refundable when you file your ITR — it's a tax credit, not a fee.

Estimate only. Correspondent-bank charges are included only where the bank publishes them (Kotak, Axis, SBI); elsewhere they are a pass-through not shown here. Exchange rates shown are indicative. Mid-market rates by Exchange Rate API, updated daily.

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