Forex Conversion Rate HDFC: A Comprehensive Guide

HDFC Bank offers a wide range of foreign exchange services to its customers, including currency conversion.

You can use HDFC's online platform to convert your money at a competitive rate, with minimal fees.

The bank's foreign exchange rates are updated in real-time, allowing you to make informed decisions about your transactions.

HDFC Bank's foreign exchange services are available at over 3,000 locations across India, making it a convenient option for customers.

The bank's customer support team is available 24/7 to assist with any queries or concerns you may have about your foreign exchange transactions.

HDFC Bank Forex Services offers a range of convenient and secure options for managing your foreign currency needs.

You can apply for HDFC Forex Cards by visiting the nearest HDFC branch, filling out the application form, or by applying online through the HDFC Bank website. The required documents include the application form, copy of self-attested passport, proof of address, copy of visa, airline ticket copy, and PAN Card.

The HDFC Forex Card is a prepaid travel card that allows you to carry multiple currencies in a single card, with 22 currency wallets available for loading. You can lock in the exchange rate, making it a significant advantage for students, and enjoy convenient usage, online currency management, and secure transactions.

Here are the currencies that HDFC Bank can send money overseas through SWIFT:

HDFC Bank's Foreign Currency Cheque Collection Service is a convenient option for depositing foreign currency cheques and demand drafts into your Indian Rupees account. You can choose from 14 foreign currencies, including USD, GBP, EUR, and SGD.

The service allows you to directly deposit foreign currency cheques and demand drafts into your saving or current account. The funds will be credited to your account in Indian Rupees after the cheques are sent for collection.

The turn around time for FCY cheque collection may vary depending on the currency and location. Click here to find out the specific turn around time for your currency.

The exchange rate used for crediting the funds to your account will be the card rate prevailing on the date of credit to your customer account. This means that the exchange rate may fluctuate, and you may receive a different exchange rate than the one at the time of deposit.

Cheques drawn in one currency payable in another country where the currency is different may take a longer period to realize and will attract charges of various correspondent banks. This may include charges for services such as clearing and settlement.

Here is a list of the 14 foreign currencies that HDFC Bank's Foreign Currency Cheque Collection Service supports:

HDFC Bank offers outward remittances to send money abroad for various reasons, including education, medical purposes, gifting, and maintenance for close relatives or donations. You can send money to most parts of the world through their extensive network.

Their remittance service allows you to send money in 22 different currencies through SWIFT. You can walk into any HDFC Bank branch to fill out the required documentation for outward remittances.

To send money abroad, HDFC Bank offers faster and hassle-free transfers, with your money reaching the beneficiary within 72 hours of your instructions. Currency notes will be offered subject to availability at the branch.

HDFC Bank reserves the right to reject the request on any foreign exchange transaction if the transaction is not adhering to internal compliance or RBI guidelines. This includes transactions that do not meet the requirements of the Liberalised Remittance Scheme.

The Liberalised Remittance Scheme, as per A.P. (DIR Series) Circular No.106 dated 1st June, 2015, allows resident Indians to send up to USD 250,000 per financial year per individual for any permitted current or capital account transaction or a combination of both.

Here's a list of the 22 different currencies that HDFC Bank can send money overseas:

Please note that HDFC Bank will not process remittances received after 28th December 2015 for EURO (EUR) by and from Royal Bank of Scotland (RBS) due to the ending of their arrangement with RBS on 31st December 2015.

HDFC Forex Cards offer a convenient and secure way to manage foreign exchange for international travel.

You can choose from various types of HDFC Forex Cards, each with its own set of features and benefits. For instance, the HDFC Regalia ForexPlus Card is a single-currency card with zero cross-currency markup charges in US dollars.

The HDFC Multicurrency ForexPlus Card, on the other hand, allows you to load and use different currencies, with 22 currency wallets available. This card protects against foreign exchange rate fluctuation, making it convenient for international travel.

Some HDFC Forex Cards come with insurance coverage, such as the HDFC Multicurrency Platinum ForexPlus Chip Card, which offers comprehensive insurance coverage.

The HDFC Forex Card charges fees depending on the card issued, including issuance fees, reload fees, and transaction fees. For example, the HDFC Multicurrency Platinum ForexPlus Chip Card has an issuance fee of ₹500 plus GST per card.

Here's a summary of the fees associated with HDFC Forex Cards:

The HDFC Forex Card also offers various benefits, such as complimentary Virtual International Student Identity Card worth ₹999, exclusive discounts at over 1,50,000 outlets worldwide, and issuance fee waiver with a minimum loading of USD 1000 (or equivalent currency).

HDFC Bank offers a range of ForexPlus cards designed for international travel, including the Regalia ForexPlus Card and the Multicurrency Platinum ForexPlus Chip Card.

The Regalia ForexPlus Card has a one-time issuance fee of Rs 1000, while the Multicurrency Platinum ForexPlus Chip Card has an issuance fee of ₹500 plus GST per card.

Reload fees for both cards are the same, at Rs 75 plus GST per reload transaction. You can also load different currencies using the Multicurrency Platinum ForexPlus Chip Card, with a limit of USD 250,000 in a financial year.

Transaction charges vary based on currency, including fees for ATM cash withdrawal, balance enquiry, and daily withdrawal limit. The Multicurrency Platinum ForexPlus Chip Card also has a 2% cross currency markup for transactions in different currencies and wallet-to-wallet transfers.

Here's a summary of the fees associated with HDFC Forex cards:

The HDFC Multicurrency Platinum ForexPlus Chip Card offers various benefits, including complimentary virtual international student identity card, exclusive discounts at over 1,50,000 outlets worldwide, and issuance fee waiver with a minimum loading of USD 1000 (or equivalent currency).

To apply for HDFC Forex Cards, you can visit the nearest HDFC branch and fill out the application form, or apply online by visiting the official website of HDFC Bank.

You can select the card that suits your requirements by clicking on the category 'Cards' and then selecting 'Forex Cards'. You need to enter your mobile number to proceed if you are not an existing customer with the bank.

The documents required include the Application form, copy of self-attested passport, proof of address, copy of visa if the trip involves multiple countries, airline ticket copy, and PAN Card.

Anyone is eligible to apply for a ForexPlus card from HDFC Bank, including students travelling abroad for higher education and travellers going for holidays, business, employment, or medical treatment.

You can directly deposit foreign currency cheques or demand drafts into your HDFC Bank account, and the funds will be credited in Indian Rupees.

There are 14 foreign currencies that HDFC Bank can collect cheques in, including USD, GBP, EUR, CAD, and SGD.

Here are the 14 foreign currencies that HDFC Bank can collect cheques in:

The exchange rate for foreign currency cheques is determined by the Card Rate prevailing on the date of credit to your account.