HDFC Bank Forex & GST Estimator (Outward Remittance)
The total Indian Rupee amount you wish to convert.
Enter the current 'Sell' rate for the target currency from HDFC's portal.
Estimation Results
INR Amount Converted:–
Estimated Foreign Currency Received:–
Estimated GST on Conversion (Govt. Levy):–
Total INR Payable (Amount + GST):–
function calculateHDFCForex() {
// clear errors and results
document.getElementById('hdfc-calc-error').style.display = 'none';
document.getElementById('hdfc-calc-result').style.display = 'none';
// Get inputs
var inrAmountStr = document.getElementById('hdfcInrAmount').value;
var exchangeRateStr = document.getElementById('hdfcExchangeRate').value;
// Parse inputs
var inrAmount = parseFloat(inrAmountStr);
var exchangeRate = parseFloat(exchangeRateStr);
// Validation
if (isNaN(inrAmount) || inrAmount <= 0) {
showError("Please enter a valid INR Amount greater than zero.");
return;
}
if (isNaN(exchangeRate) || exchangeRate 1L
// > 10L: 990 + 0.018% of amount > 10L (max 10800)
var gstAmount = 0;
if (inrAmount <= 100000) {
gstAmount = inrAmount * 0.0018;
if (gstAmount 100000 && inrAmount 10800) {
gstAmount = 10800;
}
}
// 3. Total INR Payable
var totalPayable = inrAmount + gstAmount;
// Format and Display Results
document.getElementById('resultInrConverted').innerHTML = '₹ ' + inrAmount.toLocaleString('en-IN', {minimumFractionDigits: 2, maximumFractionDigits: 2});
// Forex received usually has 2 decimal places standard
document.getElementById('resultForexReceived').innerHTML = forexReceived.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}) + ' Units';
document.getElementById('resultGst').innerHTML = '₹ ' + gstAmount.toLocaleString('en-IN', {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resultTotalPayable').innerHTML = '₹ ' + totalPayable.toLocaleString('en-IN', {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('hdfc-calc-result').style.display = 'block';
}
function showError(message) {
var errorDiv = document.getElementById('hdfc-calc-error');
errorDiv.innerText = message;
errorDiv.style.display = 'block';
}
Understanding HDFC Bank Exchange Rates and Forex Transactions
For individuals looking to travel abroad, send money overseas for education, or make international investments, understanding the HDFC Bank exchange rate is crucial. HDFC Bank is a major provider of foreign exchange services in India, offering various products like Forex Cards, outward remittance via NetBanking, and foreign currency cash.
The HDFC Bank Exchange Rate Calculator above is designed to help you estimate the amount of foreign currency you will receive for a specific INR amount, considering the current HDFC 'Sell' rate and the mandatory Government Service Tax (GST) applicable on conversion transactions in India.
How HDFC Bank Determines Exchange Rates
It is important to note that exchange rates are dynamic and fluctuate second-by-second based on the international currency markets. HDFC Bank, like other financial institutions, determines its retail forex rates based on the Interbank Rate (IBR) plus a margin. The rate you see on Google is often the mid-market IBR, which is not the rate consumers get.
Sell Rate: The rate at which HDFC Bank sells foreign currency to you (e.g., when loading a Forex card or sending money abroad). This rate is typically higher than the IBR.
Buy Rate: The rate at which HDFC Bank buys foreign currency from you (e.g., when encashing foreign currency notes upon return to India). This rate is typically lower than the IBR.
To use the calculator accurately, you must check the current "Sell Rate" for your target currency on the official HDFC Bank Forex rates page or their NetBanking portal before entering it into the tool.
The Impact of GST on Forex Transactions
In India, the conversion of INR to foreign currency (or vice versa) is considered a service, and is therefore subject to Goods and Services Tax (GST). This is a government levy and is charged in addition to the exchange rate margin. HDFC Bank collects this tax on behalf of the government.
The calculator automatically estimates the GST based on the standard slab rates defined by the authorities for foreign currency conversion:
GST Transaction Slabs for Forex Conversion
Gross Currency Exchanged (INR Equivalent)
GST Rate Applicable
Up to ₹1,00,000
0.18% of the gross amount (Subject to a minimum of ₹45)
Above ₹1,00,000 and up to ₹10,00,000
₹180 + 0.09% of the amount exceeding ₹1,00,000
Above ₹10,00,000
₹990 + 0.018% of the amount exceeding ₹10,00,000 (Subject to a maximum of ₹10,800)
Disclaimer: The results provided by this calculator are estimates based on user input and standard GST slabs. The actual exchange rate and final charges will be determined by HDFC Bank at the precise moment of transaction execution. Please consult HDFC Bank directly for final quotes.