Send Money to Hong Kong from India

What each bank charges to send HKD to Hong Kong

Line items reflect the bank's published fee schedule. GST at 18% is charged on commission (and on Swift / correspondent charges where the bank explicitly applies it).

How to send money to Hong Kong from India

1. Get the beneficiary's bank details. Full name and address as held by their bank, bank name and address in Hong Kong, plus the account number, bank code, and SWIFT code.
2. Pick the purpose code and fill Form A2. The A2 form is the LRS declaration; the most common codes for Hong Kong are S1301 (gift), S0305 (maintenance of relative), S0301 (business travel). Your PAN is mandatory and the bank checks your LRS usage for the financial year against the USD 250,000 cap.
3. Check TCS before you send. Above ₹10 lakh in a financial year most non-education purposes attract 20% TCS, collected by the bank and claimable in your ITR; education and medical purposes have lower rates. The calculator on this page applies it when you enter your year-to-date LRS amount.
4. Choose the channel. HDFC, ICICI, Kotak and Axis accept outward remittance in HKD through NetBanking or their apps; SBI routes select currencies through YONO and the rest through a branch; IOB is branch-led. Branch channels usually cost more — the bank pages list the difference.
5. Decide who pays the SWIFT and correspondent charges. OUR means you pay them upfront in rupees and the beneficiary gets the full amount; SHA and BEN shift them downstream, where they are deducted from what arrives. SBI's Payee, Remitter and Guaranteed modes are the same choice under different names.
6. The bank applies the TT Selling rate and its charges. Your INR is converted at the bank's published TT Selling rate for HKD at the moment of debit, then commission, SWIFT / correspondent charges and 18% GST are added — exactly the lines shown above.
7. Track it and expect 1–3 working days. Ask the bank for the SWIFT reference (UETR) so the beneficiary's bank can trace the payment. Hong Kong is 2.5 hours ahead of IST; morning transfers from India often credit the same day.

LRS cap: USD 250,000 per resident per financial year (across all corridors combined). TCS at 20% applies above ₹10 lakh per year for most non-education purposes and is claimable in your ITR.

Sending to Hong Kong: what's different

Hong Kong's corridor is tuition and living costs for students at HKU, CUHK, HKUST and others, professionals in finance and shipping, and family support.

On the receiving side

• 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.

About HKD

The Hong Kong dollar is held in a 7.75–7.85 per USD band by the HKMA, so HKD/INR tracks USD/INR; the difference between banks is their margin.

Timing

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

FAQ — Sending money to Hong Kong from India