Are you a frequent flyer for business or often holiday abroad? Are you an importer/exporter of foreign and Indian goods?
If you need to deal in foreign currency and keep tabs on exchange rates every now and then, transfer monies to India, make payments etc., HDFC Bank has a range of products and services that you can choose from to transact smoothly, efficiently and in a timely manner.
We offer the following Foreign Exchange Products and Services.
Foreign Exchange and Trade Services
The following are different methods of transacting in Foreign Exchange and remitting money.
Travellers Cheques
Foreign Currency Cash
ForexPlus card
ForexPlus Chip card
Foreign Currency Drafts
Cheque Deposits
Remittances
Cash to Master
Trade Services
Forex Services Branch Locator
Important guidelines and schedules
All Foreign Exchange transactions are conducted by strictly adhering to RBI guidelines. Depending on the nature of your transaction or point of travel, you will need to understand your Foreign Exchange limits.
Choose from the following methods of transacting in Foreign Exchange.
Travellers Cheques
Foreign Currency Cash
ForexPlus card
ForexPlus Chip card
Foreign Currency Demand Drafts
Cheque Deposits
Remittances
Cash to Master
Trade Services
Non HDFC Bank Account Holders
Foreign Currency Travellers Cheques
Travellers Cheques are a safe and easy way to protect your money when you travel. You can encash them only when you need to, and only against your signature, unlike cash which can be stolen and misused by anybody, immediately. Loss of Travellers Cheque can be reported anywhere in the world by making a single phone and the pre-fixed amount on the cheques are made refundable.
Travellers Cheques are offered in major currencies like USD, GBP, Euro, CAD, AUD and JPY. These are available in various denominations to suit your needs. At present HDFC Bank offers American Express Travellers Cheques which are widely accepted at Merchant Establishments and Financial Institutions across more than 200 countries.
Click here to know your Foreign Exchange Limits.
Foreign Currency Cash
Foreign Currency Cash is a convenient way of meeting personal expenses along your journey, paying for taxis / internal travel, food expenses etc.
You could avail of Foreign Currency Cash in USD, GBP, EURO, AUD and CAD from our branches offering Foreign Exchange facilities.
Click here to know your Foreign Exchange Limits.
ForexPlus card
HDFC Bank brings you the ForexPlus Card - a pre-paid traveller's card designed to give you a secure and hassle-free travel experience.
No more chasing moneychangers. Or paying transaction charges for shopping abroad. The Forexplus card is ideal for travelers since it can be hotlisted if stolen & reloaded, while you are still abroad! In fact, it is the perfect answer to all your foreign exchange needs.
Click here to know your ForexPlus Chip card.
ForexPlus Chip card
HDFC Bank brings you the ForexPlus Chip Card - a prepaid traveller's card designed to give you a secure and hassle free travel experience. Now, enjoy greater peace of mind the next time you travel abroad with this new generation, chip-enabled card.
HDFC Bank ForexPlus Chip Card has an embedded chip which stores encrypted and confidential information. As compared to magnetic strip cards, this card offers greater security and increased protection against counterfeiting and skimming card frauds
Click here to know your ForexPlus Chip card.
Foreign Currency Demand Drafts
You can now avail of our FCY DD facility to make payments for various purposes like:
Payment of University fees abroad
Making a gift remittance to a friend or relative
Payment of application fees for various exams like TOEFL , GMAT etc.
Payment for medical treatment abroad
And all other permitted purposes as per the RBI guidelines.
FCY Demand Drafts are issued in seven currencies like United States Dollars (USD), Great Britain Pounds (GBP), EURO, Japanese Yen (JPY), Australian Dollars (AUD), Canadian dollars (CAD), New Zealand Dollars (NZD), Hong Kong Dollars (HKD), Swiss Francs (CHF) and Singapore Dollars (SGD)
Click here to know your Foreign Exchange Limits.
Foreign Currency Cheque Deposits
You can directly deposit your foreign currency cheques, foreign currency demand draft and Travellers Cheques in to your saving or current account. HDFC Bank will then have the cheques sent for collection and the funds will be credited to your account in Indian Rupees. We accept cheques of various currencies like USD, GBP, Euro, JPY, Australian Dollars, Canadian Dollars, UAE Dirhams, Hong Kong Dollars and Swiss Francs.
Currency
Period of Account Credit from Nostro Credit date
USD Cheques
5 international working days from value date for cheques payable in New York
16 international working days from value date for cheques payable outside New York
GBP Cheques
14 international working days from value date
EUR Cheques
2nd international working day from value date for cheques payable in Frankfurt/Germany
15 international working days from value date for cheques payable outside Frankfurt/Germany
AUD Cheques
10 international working days from value date
CAD Cheques
11 international working days from value date
SGD Cheques
Final Credit
Miscellaneous Currencies
16 international working days from value date for MISC currencies NZD, HKD, JPY, CHF, NOK etc.
Note:
Value Date is the date of credit to our Nostro Account
The Card Rate prevailing on the date of credit to customer account would be the applicable exchange rate
In addition to the above mentioned period, date of credit to customer account would include transit time to correspondent bank
Please follow the simple guidelines below to enable faster processing
Ensure that your
Account Number and Name are correct and clear on the payin slip
Make sure the Cheque / Draft is countersigned in case of an alteration
In the payee's name
In the date
In the amount
Or over-writing on the signature
Ensure that the amount entered in words and the figures are written correctly.
Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realise and would attract charges of various correspondent banks as per their own tariff schedule over which we do not have any control. For e.g. A cheque drawn in USD payable on a bank in Singapore or Cheque drawn in GBP payable on a bank in South Africa or Cheque drawn in USD payable in Canada.
Return of Foreign Currency Cheque/Instrument
Foreign currency cheque/instrument sent for collection to the Payee bank through Correspondent Bank located outside India can be returned by the Payee bank even after crediting the proceeds to depositor’s account after cooling period, for whatsoever reason including but not limited to "insufficient funds", "account closed", fraudulent cheque" etc as per prevailing clearing rules / laws related to cheque collection in drawee countries.
In case of such cheque returns, the Payee bank recovers the amount of returned cheque, thus credited earlier, by debiting the HDFC Bank’s Nostro account. HDFC Bank has the right to debit the depositor’s account to the extent of returned cheque amount immediately (at the prevailing exchange rate) along with charges and interest from the date of credit of proceeds till the date on which amount is recovered from the depositor.
Remittances
HDFC Bank offers you the remittance facilities by which you can to send and receive money to your loved ones. They are categorized depending on your location and the urgency with which you want the money transferred.
Cheque Box - A convenient way to remit money, currently available for NRIs in the US and Europe.
Telegraphic transfer - Remittance of money through our Correspondent Banks.
Click here to know your Foreign Exchange Limits.
Click here For our Overseas Correspondent bankers details.
RBI Caution against Fictitious Offers of Remitting Cheap Funds from Abroad
Press Release dated December 7, 2007
Press Release dated July 30, 2009
Cash to Master
Often, foreign ships travel through India and dock their vessels at various ports / harbors in the country. One of the major requirements during such temporary stays, is that of FCY Cash that has to be made available to the Captain of the Ship for covering Crew wages or for other expenses on board the ship.
These requirements are usually met through a facility called "Cash to Master". To collect this cash, the master of the ship has to approach the branch with his passport and a duly filled up application form. This product is available only in United States Dollars, Pounds Sterling and Euro Currencies.
Please contact your nearest branch for more details.
Forexpoint - Non HDFC Bank Account Holders
Now foreign exchange facilities can be availed by customers who do not have accounts with us at any of our branches transacting in Foreign Exchange. You can buy FCY Cash, TC's and FCY DD's from any our branch and also encash your TC's and Cash at our branches (available at select branches only).
Foreign Exchange can be availed against payments by Cash, Cheque or Pay Order/ Demand Draft. A maximum of Rs. 49,999/- (as per Indian Tax Laws) will be accepted in cash and any amount above Rs. 49,999/-, against a Pay Order or Cheque after clearance of the same. You need to carry the required Documentary Proof for issuance of Foreign Exchange.
Please contact your nearest HDFC Bank branch for documentation.
Please choose a city to locate a Forex services Centre address.
Whatever your Forex requirements are, we can fulfil them.
Download and fill out application forms
Call Us
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