Export Trade Services

Advance Payments, Bills Collections, LC Advising & Confirmation Services

Our USPs

Competitive

best exchange rates
on remittances

Convenient

Vast Correspondent Network
& 22 currencies

Specialized

Assistance from Certified
Trade Specialists

As an exporter, we understand how important it is to receive funds in the fastest possible time, that too with beneficial rates. Using our vast correspondent banking network, subject expertise, best exchange rates, dedicated assistance, and convenient digital tools, we hand-hold you at every stage of your export journey to give you a financial experience that’s seamless, enjoyable, and stress-free.

Export Fees and Charges

Description Charges Commission SWIFT/Courier
Letter of Credit FCY issuance (FCY/LCY) Documentation charge -
₹ 1,500 (if applicable)		 Fedai charges * /
IBA ** Min ₹ 2,000.		 FCY - ₹ 2,000
SFMS / LCY - ₹ 1,000
SBLC Issuance (FCY/LCY) Documentation charge -
₹ 1,500 (if applicable)		 1.8% Per Annum,
min ₹ 2,000		 FCY - ₹ 2,000
SFMS / LCY - ₹ 1,000
Guarantee issuance
(Financial,Performance)		 Documentation charge -
₹ 1,500 (if applicable)		 1.8% Per Annum,
min ₹ 2,000		 ₹ 1,000


VIEW DETAILED LIST OF CHARGES FOR EXPORT SERVICES

Trade Services Fees & Charges (Effective from 1st Oct 2021)

Letter of Credit Charges/Commission
/ SWIFT/Courier		 HDFC Bank - Revised Trade Charges
Letter of Credit FCY issuance (FCY/LCY) Charges Documentation charge - INR 1,500 ( If applicable)
Commission Fedai charges * / IBA ** Min INR 2,000.
SWIFT/Courier FCY - INR 2,000 
SFMS / LCY - INR 1,000
Letter of Credit FCY amendment (FCY/LCY) Charges Nil
Commission FEDAI */IBA **, min INR 1,500 Extension - same as LC issuance
SWIFT/Courier FCY  - INR 750 
SFMS / LCY - INR 500
Cancellation of LC(both before and after expiry) Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
SBLC Issuance (FCY/LCY) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 2,000
SWIFT/Courier FCY - INR 2,000 
SFMS / LCY - INR 1,000
SBLC Amendment (FCY/LCY) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 1,500
SWIFT/Courier FCY  -  INR 750 
SFMS / LCY - INR 500
LC Confirmation Charges Nil
Commission Same as LC
SWIFT/Courier Same as LC
LC advising (FCY/LCY) Charges Nil
Commission Customer LC INR 1,500/INR 1,000
Amd INR 1,000/INR 750
Non Customer INR 2,500/INR 1,500 
Amnd INR 1,500/ INR 1,000
SWIFT/Courier Local LC courier INR 100
LC Transfer Charges LC trf INR 2,000
LC Amendment INR 1,000
Commission --
SWIFT/Courier Swift charges of LC to be recovered in case of involvement of Swift
Guarantee Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Guarantee issuance (Financial, Performance) Charges Documentation charge - INR 1,500 (If applicable )
Commission 1.8% Per Annum, min INR 2,000
SWIFT/Courier INR 1,000
Guarantee amendment (Financial, Performance) Charges Nil
Commission 1.8% Per Annum, min INR 2,000 - 
per month basis and each fraction of month to be collected as full month
SWIFT/Courier INR 1,000
Guarantee cancellation Charges INR 1,000 for live BG cancellation proicessing charges (before expiry)
Guarantee Advising Charges INR 1,500
Commission Nil
SWIFT/Courier Nil
Shipping Guarantee  Charges INR 1,000,
Documentation charges (If applicable ) - INR 1,500
Commission Nil
Import Bills Collection/Under LC/Buyer's Credit/DO Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Import Bills for Collection processing 
(to be considered at the time of booking itself. Liquidation charges to be taken as per direct import payment)		 Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Import Bills for Collection return of docs Charges 1500 or USD 200 if claimed from Remitting Bank
Commission Nil
SWIFT/Courier INR 500/INR 1,000
Import direct/advance payment Charges Nil 
Commission 0.125% Min INR 1,250
SWIFT/Courier INR 500
Import Bills under LC processing Charges If discrepant overdue import bill  paid after due date - addl charges of non-import remittance to be recovered
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Discrepancy Fee Charges USD 75 or its equivalent
Penalty for non submission of Bill of Entry Charges INR 500 Half Yearly  per BOE
Delivery Order Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Buyer's Credit processing charges Charges Nil
Commission LOC / LOU charges @ 1.80% pa Min INR 5,000 (same as BG) 
SWIFT/Courier INR 2,000
NOC issued to other Bank for Buyer's Credit Charges INR 5,000
Countersigning/co-acceptance/availisation of
import bills		 Charges Nil
Commission 1.8 % per annum Min. INR 1,000
SWIFT/Courier Nil
NOC issued to other Bank for Buyer's Credit Charges INR 5,000
     
     
Non Import Remittances Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Non import payment TT Charges Nil
Commission 0.20% min INR 1,000
SWIFT/Courier INR 500
Non import payment DD Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 500
Export Bills for Collection/Discount/GR waiver Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Exports Bills despatch Charges Nil
Commission 0.0625% Min INR 1,500
SWIFT/Courier INR 1,000
Export Bills Discounting/Purchase Charges Nil
Commission 0.1%, min INR 2,000
SWIFT/Courier INR 1,000
Export Collection to Discount Charges INR 750
Commission Nil
SWIFT/Courier Nil
OverDue Export Bills (Late payment/XOS reporting) Charges INR 500 Half Yearly 
Commission Nil
SWIFT/Courier Nil
Exports Bills non despatch Charges Nil
Commission 0.15% min INR 2,000
SWIFT/Courier Nil
Exports Bills Regularisation Charges Nil
Commission 0.0625% min INR 1,500 (same for realisation from other bank)
SWIFT/Courier Nil
GR waiver/Approval Charges INR 1,500
BRC issuance (per Shipping Bill) Charges INR 150
Crystallisation Fee Commission NIL
Bills returned unpaid Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Extension Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Write off Charges INR 1,000
Agency Commission Charges Nil
Commission 0.25% min INR 2,000
SWIFT/Courier INR 1,000
Advising discrepancy Charges INR 1,000
Commission Nil
SWIFT/Courier Nil
Late submission of documents (after 21 days) Charges INR 1,000
to be charged after 21 days
Exporter follow-up docs submssion for advance remittance (each and every advance remittance received) Charges INR 1,000
NOC for discounting with other Bank Charges INR 5,000
Commission Nil
Crystallisation Fee Charges INR 2,000
Commission Nil
Export loan disbursement Charges INR 2,000
Commission NIL
Issuance of various export performance certificate Charges INR 500
Commission Nil
Export set off against Import payment  Charges Nil
Commission 0.40% min INR 2,000
Individually applicable for both legs
SWIFT/Courier INR 500
Attestation of Invoice Charges INR 250
Bank Certification for application of IEC Charges INR 500
Project Export Approvals Charges INR 5,000
Local Bills Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Local Bills for Collection (Outward) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Local Bills received (under our LC/collection) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Local Bills under LC (Outward) Charges Nil
Commission 0.35% min INR 1,000
SWIFT/Courier INR 100
Discrepancy Fee Charges INR 2,500
Return of Bills unpaid Charges Nil
Commission Under LC - INR 1,000
Under Coll - 0.35%, min INR 2,000
SWIFT/Courier INR 100
Extension of Inland Bills Charges INR 1,000
DRUL Charges Nil
Commission 0.25%, min INR 1000
SWIFT/Courier INR 100
Signature verification charges (LC issued by us) Charges INR 250
Overdue collection bills ( late payment received) Charges INR 500 per half-year
Inward Remittance Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Inward Remittance Charges Nil
Commission Nil
SWIFT/Courier Nil
Inward Remittance return of funds Charges USD 50
Commission Nil
SWIFT/Courier Nil
FIRC charges Charges 200, duplicate 500
For Credit Advise sent by email centrally by e-mail (in lieu of FIRC ) should be charged to Rs 50 for current account only
Processing of Inward remittances bene acc / name mismatch Charges NIL
Commission Nil
SWIFT/Courier Rs. 250 per swift on upon application of funds
Capital Account transactions Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
FCGPR, FCGTR (to be taken at the time of first reporting to RBI like Annex 6 ) Charges INR 10,000
Commission Nil
FCGPR,FCTRS (where funds received from other bank)  Charges INR 30,000
ODI Scrutiny /  filing (to be taken at the time of first remittance) Charges INR 10,000
ODI Scrutiny /  filing (where funds received from other bank)  Charges INR 30,000
ECB (form 83 scrutiny) Charges INR 10,000
Commission Nil
Weekly / Monthly / Annual Filing with RBI like ECB II /APR/part 4 / Commodity Hedging/ Annual activity cert of branch & liaison office, etc Charges INR 1,000
Approval issued by Bank - Hedging, Overseas Branch, etc Charges INR 5,000
Transfer of existing UIN / LRN from /to another AD Charges INR 25,000
All Products Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Funds trf Nostro to Nostro Charges Nil
Commission 0.25% min 2,000
SWIFT/Courier INR 500
Additional Reminder - SWIFT SWIFT/Courier INR 500
Additional Commission (over regular charges) in lieu of Non Conversion Commission 0.15% for EEFC, min 500
Miscellaneous Charges/Commission/ SWIFT/Courier HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Request for approval forwarding to Regulators or Authorised dealers Charges INR 1,000
Enquiry related to records more than 1 year old Charges 750 per record
All other NOCs issued / received to /from other Banks (for Pledge of shares / collections docs, etc) Charges INR 1,000
AD Code Certificate issuance  Charges INR 500
Service tax certificate / Duplicate Advices Charges INR 250
Service tax as per sub rule (7B) of Rule 6 of the Service Tax (Amendment) Rules 2011
  • For Amount of currency exchanged up to Rs.100,000 - 0.14% of amount, min Rs.35/-
  • For Amount of currency exchanged above Rs.100,000 up to Rs.1,000,000 - Rs.140 + 0.07% of incremental amount above Rs.100,000
  • For Amount of currency exchanged above Rs.1,000,000 - Rs.770 + 0.014% of amount above Rs.1000,000, subject to maximum of Rs.7000
  
Education Cess Exempted with effect from 1st June, 2015  

* Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.

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.

Goods and Services Tax :

All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above.

Presently, the applicable rate of GST are as under :-

1. On amount of commission, fees and charges paid - @ 18% of amount of the commission/fees/charges.

2. On amount of foreign currency exchanged � as per below slab :

Amount Of Currency Exchanged (ACE) GST rates Minimum GST Maximum GST
Upto Rs. 1 lakh 0.18% of ACE Rs. 45 Rs. 180
Between Rs. 1 lakh and up to Rs. 10 lakh INR 180 + 0.09% of ACE Rs. 180 Rs. 990
Above Rs. 10 lakh INR 990 + 0.018% of ACE Rs. 990 Rs. 10,800

Note : All commission, fees and charges, as mentioned above, are non-refundable (unless otherwise stated).