Remittance Services

Remittance to India - Transfer Money to India - IDBI Bank Remittance Services

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.

If you 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

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.

You can also remit money directly through our correspondent banks mentioned below:
LIST OF OUR CORRESPONDENT BANKS


LIST OF NOSTRO ACCOUNTS USED FOR TRADE TRANSACTIONS

NO. CURR. CORRESPONDENT BANK ABBR. LOCATION SWIFT CODE A/C NO
1 USD DEUTSCHE BANKERS TRUST COMPANY AMERICAS BTC NEW YORK BKTRUS33 04-169-786
2 USD BANK OF NEW YORK BONY NEW YORK IRVTUS3N 890-0418-613
3 USD CITIBANK  CITI NEW YORK CITIUS33 3615-1898
4 USD STANDARD CHARTERED BANK SCB-USD NEW YORK SCBLUS33XXX 3582 0670 16001
5 USD JP MORGAN JPM NEW YORK CHASUS33 811165505
6 EUR COMMERZBANK  COBA FRANKFURT COBADEFF 400875045700
7 EUR DEUTSCHE BANK DEUT FRANKFURT DEUTDEFF (100) 9534132 00
             
8 GBP STANDARD CHARTERED BANK GBP LONDON SCBLGB2LXXX 01-708762401
9 GBP BARCLAYS BANK GBP LONDON BARCGB22XXX 93687147
             
10 CHF UNION BANK OF SWITZERLAND CHF ZURICH UBSWCHZH80A 230-94752.05 Y
             
11 JPY SUMITOMO MITSUI BANKING CORPORATION JPY TOKYO SMBCJPJTXXX 5273
             
12 DKK DEN DANSKE BANK DKK COPENHAGEN DABADKKK 3996 070794
13 SGD DBS BANK SGD SINGAPORE DBSSSGSGXXX 0370037249
14 AUD ANZ BANKING GROUP LIMITED AUD SYDNEY ANZBAU3MXXX 925370AUD00001
15 SEK SKANDINAVISKA ENSKILDA BANKEN SEK STOCKHOLM ESSESESS 52018560867
16 HKD HONGKONG AND SHANGHAI BANKING CORP. LTD. HKD HONG KONG HSBCHKHHHKH 502379365001
             
17 CAD ROYAL BANK OF CANADA RBC CAD TORONTO ROYCCAT2XXX 95911030634
             
18 NOK NORDEA BANK NORGE ASA NOK OSLO NDEANOKKXXX 60010206203
             
19 AED ABU DHABI COMMERCIAL BANK AED DUBAI ADCBAEAAXXX 100626001001
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 .

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.

Name of the Exchange House Country Mode of Transfer
National Finance & Exchange Co. Bahrain Speed Remittance
Al Jadeed Exchange Oman Speed Remittance
Musandam Exchange Oman Speed Remittance
Oman UAE Exchange Centre Oman Speed Remittance
Purshottam Kanji Exchange Co. LLC Oman Speed Remittance
City Exchange Company Qatar Speed Remittance
Al Amoudi Exchange Co Saudi Arabia Speed Remittance
Al Ahalia Money Exchange Bureau UAE Speed Remittance
Al Fardan Exchange UAE Speed Remittance
GCC Exchange UAE Speed Remittance
Orient Exchange Co. LLC UAE Speed Remittance
UAE Exchange Centre UAE Speed Remittance

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

For details, please visit our Money Transfer FAQ page