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 Remittance | Currency of Remittance | Commission |
| Demand Drafts | Upto HKD 20,000 | USD 20 / HKD 150/- |
| HKD 20,000.01 to HKD 50,000 | USD 50 / HKD 400/- |
| HKD 50,000.01 & Above | USD 70 / HKD 500/- |
2A. Telegraphic Transfer
(Outward Remittance) | | HKD 240
Upto EUR 250,000 - EUR 30
Above EUR 250,000 – EUR 60
Upto GBP 250,000 - GBP 30
Above GBP 250,000 – GBP 60
Upto USD 250,000 – USD 30
Above USD 250,000 – USD 60
Above USD 1,000,000 – USD 100 |
2B. Telegraphic Transfer
(Inward Remittance) | | USD 20 Equiv. |
| Cashier's order | For USD / HKD | USD 20/ HKD 150/ |
| DD Cancellation Charges | For USD/HKD Draft
For HKD Draft | USD 15/- HKD 100/
HKD 100/- |
INR Remittance
| Cut off Amount | For Cash Transaction | For Transfer Transaction | For A/c having Deposit of HKD 1million and above |
| Upto INR 25,000 | HKD 25/- | HKD 20/- | HKD 10/- |
| INR 25,001 to INR 50,000 | HKD 50/- | HKD 40/- | HKD 20/- |
| INR 50,001 to INR 100,000 | HKD 100/- | HKD 90/- | HKD 45/- |
| INR 100,001 to INR 200,000 | HKD 150/- | HKD 140/- | HKD 70/- |
| INR 200,001 and above | HKD 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 |
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