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State Bank of India · India → Hong Kong

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

At ₹1,00,000, State Bank of India charges ₹180 — the cheapest of 6 banks for HKD (₹885 less than the next-cheapest, ICICI Bank).

Last updated 7 Oct 2026

Fee breakdown

  • Branch Commission ₹0
  • Correspondent Charge Remitter ₹0
  • GST Exchange ₹180
  • Total at ₹1,00,000₹180

HKD rate trend at State Bank of India

Today State Bank of India sells HKD at ₹12.4100 (TT Selling) and buys it at ₹12.2200 (TT Buying). The selling rate is +0.0900 (+0.73%) since 28 Sep and +0.1900 (+1.55%) since 1 Sep.

  • 30-day TT Selling range: ₹12.2900 – ₹12.4100 across 10 refreshes.
  • ₹1,00,000 bought between 8058.02 and 8136.70 HKD over that window, before charges.
State Bank of India HKD TT selling and TT buying rates, last 90 days9 Jul: TT Selling ₹12.2700 · TT Buying ₹12.080010 Jul: TT Selling ₹12.2500 · TT Buying ₹12.070016 Jul: TT Selling ₹12.3800 · TT Buying ₹12.190020 Jul: TT Selling ₹12.3900 · TT Buying ₹12.210029 Jul: TT Selling ₹12.3000 · TT Buying ₹12.110031 Jul: TT Selling ₹12.2600 · TT Buying ₹12.08001 Aug: TT Selling ₹12.2600 · TT Buying ₹12.08004 Aug: TT Selling ₹12.2600 · TT Buying ₹12.07007 Aug: TT Selling ₹12.2200 · TT Buying ₹12.040024 Aug: TT Selling ₹12.3000 · TT Buying ₹12.11001 Sep: TT Selling ₹12.2200 · TT Buying ₹12.040011 Sep: TT Selling ₹12.3000 · TT Buying ₹12.110014 Sep: TT Selling ₹12.3000 · TT Buying ₹12.110021 Sep: TT Selling ₹12.3300 · TT Buying ₹12.140023 Sep: TT Selling ₹12.2900 · TT Buying ₹12.110024 Sep: TT Selling ₹12.3200 · TT Buying ₹12.130028 Sep: TT Selling ₹12.3200 · TT Buying ₹12.14001 Oct: TT Selling ₹12.3500 · TT Buying ₹12.16005 Oct: TT Selling ₹12.3600 · TT Buying ₹12.18006 Oct: TT Selling ₹12.3700 · TT Buying ₹12.18007 Oct: TT Selling ₹12.4100 · TT Buying ₹12.220012.4112.049 Jul7 Oct
TT Selling (when you send)TT Buying (when you receive)21 refreshes · INR per 1 HKD · hover a point for its values

All State Bank of India forex rates today →

What's specific to HKD at State Bank of India

  • Branch Commission: not published for HKD (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Correspondent Bank Charge (Remitter mode): not published for HKD (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Charge modes for HKD: Payee, Remitter. Guaranteed is not offered for HKD.

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 the cheapest of 6 banks for sending HKD — by ₹885 vs the next bank (ICICI Bank).

See the full side-by-side →

State Bank of India — Things to know

Applies to:Sending money abroad as an individual retail customer via SBI YONO or Internet Banking (rules effective 1 May 2025). The total shown is the Remitter mode, where the recipient gets the full amount; the mode table compares the Payee and Guaranteed options. Currencies outside YONO's 8-currency set are branch-only and not modelled here.

  • SBI's own fee is nil. Since 1 May 2025 SBI charges individuals no commission and waives SWIFT for retail — what you pay is the per-currency Branch Commission and correspondent charge, plus GST.↗
  • Three ways to split the fees. At YONO you choose who bears the SWIFT charges: Payee (the recipient absorbs the Branch Commission + correspondent, so USD 1,000 lands as ~USD 989), Remitter (you pay both in INR, recipient gets the full amount), or Guaranteed (USD/EUR/GBP only, full delivery).↗
  • Most currencies are branch-only. Only 8 currencies are priced online; the other 13 (CHF, HKD, JPY, THB, SAR, OMR, BHD, KWD, QAR, DKK, NOK, SEK, ZAR) are branch-only and not modelled here.
  • 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.
▸Show 4 more notes

Other things to know

  • Rates suit larger transfers. SBI's card rates target the ₹10–20 lakh band; smaller amounts may be quoted differently at the branch.↗

Other ways to save

  • Pick 'Payee' on big transfers. Choosing Payee lets you skip paying the Branch Commission and correspondent charge in INR — the recipient gets that much less, which stings least on large amounts.
  • Medical & education loans are free. SBI waives outward charges for Medical purposes and Education Loan disbursement — declare the purpose if it qualifies.↗
  • Send from FCNR/NRE to save. Outward transfers from an FCNR(B) or NRE account skip the out-of-pocket charges — only the correspondent fee applies.

FAQ — State Bank of India to Hong Kong

What is State Bank of India's HKD rate today?

₹12.4100 per HKD is State Bank of India's TT Selling rate today — the rate applied when you send — and ₹12.2200 is its TT Buying rate for money you receive. The selling rate is +0.0900 (+0.73%) since 28 Sep. The full sheet with a 90-day chart is on the State Bank of India forex rates page.

How much does State Bank of India charge to send HKD to Hong Kong?

On a ₹1,00,000 outward remittance, State Bank of India's all-in cost today is ₹180 — 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 State Bank of India the cheapest bank to send HKD to Hong Kong?

Yes — at ₹1,00,000, State Bank of India is the cheapest of 6 banks in our coverage for HKD, ₹885 less than the next-cheapest (ICICI Bank). Rankings shift when rates refresh, so check the comparison above for today's order.

How long does a State Bank of India transfer to Hong Kong take?

A standard SWIFT / TT outward remittance from State Bank of India 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 State Bank of India?

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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