Remittances

UCO through its worldwide network of correspondents, Indian branches and overseas branches, offers prompt inward and outward foreign remittance facilities at very competitive rates. The use of SWIFT network adds to reliability and efficient handling. The remittances are handled by our two branches in Hong Kong. Through our well-spread network of branches in India, inward remittances reach every nook & corner in India.

We offer the following Remittances Services at highly competitive rates:

  • Demand Drafts in major currencies viz., INR, USD, GBP, EUR, JPY, AUD, CAD, HKD, CHF,  SGD etc.,
  • Telegraphic Transfer/ Wire Transfers via SWIFT in major currencies viz., INR, USD, GBP, EUR, JPY, AUD, CAD, HKD, CHF, SGD etc.,
CHARGES FOR REMITTANCE
Type of RemittanceCurrency of RemittanceCommission
HKD / USD / INR
Demand Drafts From A/c HolderUpto HKD 20,000HKD 50/-
HKD 20,001 to HKD 50,000HKD 65/-
HKD 50,001 & Above0.15% of the amount
Demand Drafts From OthersUpto HKD 20,000HKD 80/-
HKD 20,001 to HKD 50,000HKD 100/-
HKD 50,001 & Above0.2% of the amount
Telegraphic TransferUSD / INRHKD 200/-
DD Cancellation ChargesFor USD Draft
For HKD Draft
USD 10/-
HKD 80/-

Cut off AmountFor Cash TransactionFor Transfer TransactionFor A/c having Deposit of HKD 1million and above
Upto INR 25,000HKD 25/-HKD 20/-HKD 10/-
INR 25,001 to INR 50,000HKD 50/-HKD 40/-HKD 20/-
INR 50,001 to INR 100,000HKD 100/-HKD 90/-HKD 45/-
INR 100,001 to INR 200,000HKD 150/-HKD 140/-HKD 70/-
INR 200,001 and aboveHKD 200/-HKD 190/-HKD 100/-
No charge for staff of Consulate General of India, Hong Kong
50% concession for staff of Embassy / Consulate General of india in any other country