If you have to send foreign currency urgently, you need to ask your family members where you will get it from. Have you ever thought about it? Well, there is a solution to this problem. With the help of HDFC, you can transfer foreign currency since they bank tie ups for major currencies. While understanding the concept of bank currencies you need to understand two terms ‘inward remittance’ and ‘outward remittance’. When you transfer money from abroad to the beneficiary account it is known as an inward remittance. On the other hand, foreign outward remittance HDFC is the transfer of money to an abroad bank account for different purposes such as education, medical purpose, gifting, and maintenance for Close Relatives or donation for a cause. This is what is foreign outward remittance HDFC means.
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You can transfer any foreign currency approved by HDFC within 72 hours after giving the instruction.
There are 22 different countries where HDFC can send money via swift.
Some of the currencies and countries include:
UAE Dirham (AED) |
Australian Dollar( AUD) |
Canadian Dollar (CAD) |
Swiss Francs (CHF) |
Singapore Dollar (SGD) |
Japanese Yen (JPY) |
United States Dollar (USD) |
Norwegian Krone (NOK) |
New Zealand Dollar (NZD) |
Omani Rial (OMR) |
Danish Krone (DKK) |
Euro (EUR) |
Great Britain Pound (GBP) |
Hong Kong Dollar (HKD) |
South African Rand (ZAR) |
Saudi Riyal (SAR) |
Swedish Kroner (SEK) |
Thai Baht( THB) |
Korean Won(KRW) |
Bahraini Dirham (BHD) |
Kuwaiti Dinar (KWD) |
Qatari Riyal (QAR) |
How to transfer money to international bank account from HDFC?
Login to NetBanking and navigate to the ‘Funds Transfer’ option.
Tap on ‘Foreign Outward Remittance’.
Enter the necessary details.
And complete your transaction.
This is the easy guide on how to transfer money from HDFC bank to international bank.
I hope you know the meaning of foreign outward remittance HDFC now.
Read more:
How To Transfer Money Through RTGS In HDFC?
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What is foreign outward remittance HDFC?
Arun
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2 Year
2022-08-29T10:42:13+00:00 2022-08-29T10:42:15+00:00Comment
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