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Home > NRI Services > Procedure for Remitting Funds |
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Procedure for Remitting Funds |
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As a Non-Resident Indian (NRI), you are entitled to special benefits and privileges.
At IDBI Bank, our NRI Services have been specially designed for those who take world-class services for granted. Using our technological prowess, IDBI Bank provides six options to enable a fast, economical and convenient Fund Transfer. So read on and choose the option that fits your needs.
Online transfer from UK using ‘India Remit”
This is a simple mode of transferring funds for those based in UK. Just follow these three easy steps for a convenient, economical and secure transfer:
- Click on IndiaRemit appearing on our website www.idbibank.com.
- Register once by providing details to initiate the transfer through your local banker to credit your I account.
What's more, you can send funds to the IDBI accounts of any of your family members as well. For recipients having accounts with other banks in India, IDBI will courier a Rupee draft directly to the credit of their account or transfer through NEFT/RTGS.
Foreign Currency Cheque / Draft
If you are a non-US based NRI and wish to send remittance using a cheque or a draft, either in foreign currency or INR, all you have to do is dispatch the cheque/draft to your branch.
Foreign Currency & Travelers' Cheques
While on a visit to India, you can also encash your Foreign Currency & Travelers Cheques through us & deposit the proceeds to your account with us.
Wire Transfer
You can also remit money directly through our correspondent banks mentioned below:
LIST OF OUR CORRESPONDENT BANKS
Currency |
Correspondent Bank |
Account No. |
Swift Address |
US Dollar (USD) |
USD |
Citibank N.A, New York |
3615-1898 |
CITIUS33 |
USD |
Deutsche Bankers Trust Company, New York |
04-169-786 |
BKTRUS33 |
USD |
Bank of New York, New York |
8900-418-613 |
IRVTUS3N |
USD |
Wachovia Bank, New York |
2000-193-00-1493 |
PNBPUS3NNYC |
USD |
Standard Chartered Bank, New York |
3582-0670-16001 |
SCBLUS33XXX |
USD |
J P Morgan, New York |
811165505 |
CHASUS33 |
USD |
Bank of India, New York |
00000-43763 |
BKIDUS33XXX |
Euro (EUR) |
EUR |
Commerzbank
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400875045700
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COBADEFF
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EUR |
Deutsche Bank AG, Frankfurt |
(100)9534132-00 |
DEUTDEFF |
EUR |
Wachovia Bank, London |
4696162 |
PNBPGB2L |
Pound Sterling (GBP) |
GBP |
Standard Chartered Bank, London |
01-70876-2401 |
SCBLGB2LXXX |
Swiss Franc (CHF) |
CHF |
Union Bank of Switzerland, Zurich (Swiss Franc) |
230-94752.05Y |
UBSWCHZH80A |
Japanese Yen (JPY) |
JPY |
Citibank, Tokyo |
0-221-843-401 |
CITIJPJT |
Canadian Dollars (CAD) |
CAD |
Royal Bank of Canada |
95911030634 |
ROYCCAT2xxx |
Other Currencies |
AED |
Abu Dhabi Commercial Bank |
100626001001 |
ADCBAEAAxxx |
AUD |
HSBC Bank Australia Limited |
011-795861-041 |
HKBAAU2SSYD |
SGD |
Deutsche Bank |
2773679-00-0 |
DEUTSGSGxxx |
SEK |
Skandinaviska Enskilada Banken |
52018560867 |
ESSESESS |
NOK |
Nordea Bank Norge Asa |
60010206203 |
NDEANOKKxxx |
HKD |
Hongkong and Shanghai Banking Corp Ltd |
502379365001 |
HSBCHKHHHKH |
DKK |
Den Danske Bank, Copenhagen (Danish Krone) |
3996-070-794 |
DABADKKK |
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| Instructions to be given to your banker: |
| (Specimen Format) |
| Please remit (currency + amount) USD 1000 to IDBI Bank Ltd, Mumbai Account No.3615-1898 with Citibank N.A,New York (correspondent bank name and location)(Swift Code CITIUS33) for further credit to my Account No 1234123412341234 with IDBI Ltd.(Swift code IBKLINBB) Andheri ,Mumbai (branch and city),India. |
Additional information to be given for fixed deposits:
Proceeds to be placed as a fixed deposit (NRE/NRO/FCNR-B) for a period of 36 months, with IDBI Bank Ltd,Andheri, Mumbai (branch and city). My Customer ID is 123456 . |
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Online transfer from Gulf and Far East via Exchange Houses
This facility is available for NRIs based in Gulf and Far East region. You can now make a Speed Remittance from any of the Exchange Houses listed below, directly for credit to your IDBI Bank account. The funds would be credited to your account within 1 working day.
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Name of the Exchange House |
Country |
Mode of Transfer |
UAE Exchange Centre |
Abu Dhabi - UAE |
Speed Remittance |
Orient Exchange Co. LLC |
Dubai, UAE |
Speed Remittance |
Al Ahalia Money Exchange Bureau |
Abu Dhabi, UAE |
Speed Remittance |
National Exchange Co. |
Doha, Qatar |
Speed Remittance |
National Finance & Exchange Co. |
Manama,Bahrain |
Speed Remittance |
Musandam Exchange |
Muscat, Oman |
Speed Remittance |
Al Jadeed Exchange |
Oman |
Speed Remittance |
Alamoudi Exchange Co |
Saudi Arabia |
Speed Remittance |
GCC Exchange |
Dubai, UAE |
Speed Remittance |
Citi Exchange Company |
Doha, Qatar |
Speed Remittance |
| Al Fardan Exchange |
Dubai, UAE |
Speed Remittance |
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Money Transfer Services
Enables non-residents to send personal remittances towards family maintenance to beneficiaries in India
Benefits:
- Quick - within 10 minutes
- Convenient
- Reliable
- Simple - only need to fill in a form, no requirement to have a bank account
We have tie-ups with the following reputed companies for money transfer services:
- Moneygram Money Transfer
- 'Xpress Money' Service offered by UAE Exchange & Financial Services Ltd
- Western Union Money Transfer
- Coinstar Money Transfer
For details, please visit our
Money Transfer FAQ page
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