How to transfer USD from HDFC Bank to Vested Brokerage account

How to transfer USD from HDFC Bank to Vested Brokerage account

Step 1: Log in to the HDFC NetBanking portal.


Figure 1


Step 2: Select “Pay” and then Select “Remit Now (Foreign Outward remittance)”


Figure 2


Step 3: Select “Add New Payee”.


Note: This is a one-time process if you are funding through HDFC NetBanking for the first time. If you have previously transferred with HDFC NetBanking, skip this and go to Step 9.


Figure 3


Step 4: Add beneficiary details (refer to figure 5).


Figure 4



Payee Nickname:

DW Broker

Account: 

Account Outside India

Name on Account: 

DriveWealth

Payee Address: 

15 Exchange Place, 10th Floor, Jersey City, NJ

Payee Contact Details: 

8004612680


Account Number: 

Please do not share this number with others. This account number is unique to you.


To get the account number:  

  • Log into your Vested Brokerage account (via the app or the web application. 

  • Then go to the “Transfer” tab > “Add funds” > “Indian Banks” > View “General bank instructions” > see “Account number”

Re-enter Account Number:

Enter the beneficiary account number again. 


Country: 

United States

Currency: 

USD


Figure 5



Step 5: Add remaining beneficiary details (refer to figure 7).


Figure 6



Bank Name: 

JPMorgan Chase Bank

Bank Address: 

1111 Polaris Pkwy, Columbus, OH, 43240

SWIFT Code: 

CHASUS33

Re-enter SWIFT Code: 

CHASUS33

ABA Number: 

021000021

Figure 7

Step 6: Confirm beneficiary details.


Figure 8


Step 7: An OTP will be sent to your mobile number. Enter the OTP and select “Continue”. After this step, it will take ~30 mins for the beneficiary to be added to your account.


Figure 9


Step 8: Once your beneficiary is successfully added, select DriveWealth as the beneficiary and fill in the rest of the details


Figure 10


Step 9: Enter the rest of the details


Figure 11


Step 10: Enter the details of any past remittances done in the Financial year here.


Figure 12


Step 11: Once done, verify details and select “Confirm”. 


Figure 13


Step 12: An OTP will be sent to your mobile number. Enter the OTP and select “Continue” to complete the remittance. 


Figure 14


It may take 2-3 business days before the funds are reflected in your Vested Brokerage account.


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