An easy, quick way to send and receive money worldwide
An international remittance is a safe, secure way to send money to a bank account in another country or region. With HSBC you can do it securely online, any time and in local currency. Plus, we only use up-to-date exchange rates during market hours and don't hide any of our fees.
Online transfers
Send money around the world for free
Use our Global Money Transfers[@global-money-transfers-terms-and-conditions] or our Global View and Global Transfer service[@global-view-and-global-transfers-terms-and-conditions] to send money across the world with no fees.
Wire transfers and foreign currency demand drafts
| Charge type | Charge amount |
|---|---|
| Cancellation | INR100 + applicable taxes[@remittances-applicable-taxes] |
| Foreign currency demand drafts (other than FCNR accounts) | 0.3% of value (min INR100, max INR1,500) + applicable taxes[@remittances-applicable-taxes] |
| Inward wire transfer processing | INR300 + applicable taxes[@remittances-applicable-taxes]. Free for HSBC NR and Premier customers |
| Outward foreign currency wire transfers (other than FCNR accounts) | 0.3% of value (min INR100, max INR1,500) + cable charge of INR200 for same currency wire transfer + applicable taxes[@remittances-applicable-taxes]
For transactions selected as 'OUR' (all local and overseas charges to be borne by remitter), there will be an additional charge of INR1,200 + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Cancellation |
|---|---|
| Charge amount | INR100 + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Foreign currency demand drafts (other than FCNR accounts) |
| Charge amount | 0.3% of value (min INR100, max INR1,500) + applicable taxes[@remittances-applicable-taxes] |
| Charge type | Inward wire transfer processing |
| Charge amount | INR300 + applicable taxes[@remittances-applicable-taxes]. Free for HSBC NR and Premier customers |
| Charge type | Outward foreign currency wire transfers (other than FCNR accounts) |
| Charge amount |
0.3% of value (min INR100, max INR1,500) + cable charge of INR200 for same currency wire transfer + applicable taxes[@remittances-applicable-taxes]
For transactions selected as 'OUR' (all local and overseas charges to be borne by remitter), there will be an additional charge of INR1,200 + applicable taxes[@remittances-applicable-taxes] |
Foreign currency cheques
Foreign currency cheques are free for HSBC Premier customers.
If you're not an HSBC Premier customer, the charge will be: 0.5% of INR value (min INR300, max INR15,000) + applicable taxes[@remittances-applicable-taxes].
Foreign exchange (FX) charges
| Currency amount | Charges |
|---|---|
| Up to INR100,000 | 1% of gross amount exchanged, with a minimum amount of INR250 |
| From INR100,000 to INR1,000,000 | INR1,000 plus 0.5% of gross amount exchanged |
| Above INR1,000,000 | INR5,500 plus 0.1% of gross amount exchanged, with a maximum of INR60,000 |
| Currency amount | Up to INR100,000 |
|---|---|
| Charges | 1% of gross amount exchanged, with a minimum amount of INR250 |
| Currency amount | From INR100,000 to INR1,000,000 |
| Charges | INR1,000 plus 0.5% of gross amount exchanged |
| Currency amount | Above INR1,000,000 |
| Charges | INR5,500 plus 0.1% of gross amount exchanged, with a maximum of INR60,000 |
Liberalised remittance scheme
| LRS purpose | TCS charges |
|---|---|
| Outward remittance out of loan obtained from financial institution[@financial-institution] for the purpose of pursuing any education abroad | 0.5% of the remittance amount above INR7 lakh during the financial year |
| Withdrawal/Remittance of foreign currency for travel abroad | 5% of remittance amount |
| Other LRS purposes | 5% of the remittance amount above INR7 lakh during the financial year |
| LRS purpose | Outward remittance out of loan obtained from financial institution[@financial-institution] for the purpose of pursuing any education abroad |
|---|---|
| TCS charges | 0.5% of the remittance amount above INR7 lakh during the financial year |
| LRS purpose | Withdrawal/Remittance of foreign currency for travel abroad |
| TCS charges | 5% of remittance amount |
| LRS purpose | Other LRS purposes |
| TCS charges | 5% of the remittance amount above INR7 lakh during the financial year |
FAQs
You might also be interested in
Global Money Transfers
Send money abroad, make international payments and transfer money to your overseas accounts - free[@gmt-free-fees] using the HSBC India app.
Worldwide banking
View all your global accounts in one place online and instantly move money between them, fee-free[@global-view-and-global-transfers-terms-and-conditions].
All about the Liberalised Remittance Scheme (LRS)
Residents of India can use the LRS to remit up to USD250,000 per financial year.