Lower forex risk with specialised solutions
Currencies and their value can change anytime, but that shouldn’t stop you from trading. To keep your business growing and safe from forex risks, you need to have a reliable and cost-efficient ally! Here is where HDFC Bank MyBusiness offers support. Our Hedging Solutions extend tailor-made solutions to lower the risks arising from international currency fluctuations.
HDFC Bank Hedging Solutions For SMEs Are…
Lower forex risk with tailormade solutions
Get expert help from Treasury Advisory Group
Enjoy the best rates on your transactions
Lower your currency risks from forex fluctuations by using forward contracts
Capitalise on foreign currency opportunities
Seek the specialised help of our professional Treasury Advisory Group
Get customised solutions for your export and import needs
Enjoy the best rates for your hedging transactions
| Letter of Credit | Charges/Commission/ SWIFT/Courier | HDFC Bank - Revised Trade Charges (wef 1st Oct'21) |
|---|---|---|
| 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 1,000Amd INR 1,000/INR 750Non 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 2,000LC 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 ofimport 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 | |