IDFC FIRST Bank Fund transfer from overseas

IDFC FIRST Bank offers fund transfer services from foreign countries to Non Resident or Resident accounts with IDFC FIRST Bank, for any of the following reasons or more

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Savings or Investment
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Your Family
FCNR deposits
Credit to NRE/NRO

Key Features

Here are a few exciting and beneficial features that will make funds transfer convenient and swift for you:
  • You can transfer funds in 14 currencies such as USD, EUR, GBP, CAD, AUD, CHF, AED, SGD, HKD, NZD,JPY,ZAR, NOK, CNH
  • Zero processing fee or commission
  • Transfer money without any limits
  • Secure channel for fund transfer
  • Competitive exchange rates
  • Earn interest on your Non Resident Indian (NRI) Savings Account at up to 7% interest p.a.
  • Avail services such as insurance, fixed deposits, mutual funds, etc
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How to send money to an IDFC FIRST Bank Account in India?

Follow these simple steps to transfer funds conveniently:
  1. Visit your foreign bank branch anywhere in the world.
  2. Submit the payment details explained below:
    • Sender's details - Name, account number and complete address
    • Receiver's details - Name, 11-digit account number* and complete address
    • Receiver's bank details -
      • Bank Name – IDFC FIRST Bank
      • Swift Code – IDFBINBBMUM
      • Correspondent's Bank - Please Click Here
    • Mention purpose of payment for faster credit to your account
    • Please note: Kindly mention charges as OUR in your fund transfer form to avoid correspondent bank charges.
  3. On receiving the payment from foreign Bank, IDFC FIRST Bank will deposit the money in the desired account within 1 to 2 days***.
  4. For details on the Exchange Rates, please Click Here
* For FCNR Deposit, you don't need to mention account number but ensure your 10 digit customer ID is mentioned.
** For faster credit, it is mandatory to mention purpose of payment.
*** In certain cases, the bank may be required to reach beneficiary for additional details prior to credit of funds.
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Charges

IDFC FIRST Bank does not charge anything for funds transfer received from abroad, the remitting bank/correspondent bank may levy charges for the wire transfer. GST will be levied on the converted gross INR amount, as per the existing Tax slab.

For details on the Exchange Rates, please Click Here
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Partner Bank details

Available at : Please Click Here
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Get in touch

  • Are you an Indian resident? If yes, you may also email us at banker@idfcfirstbank.com or call us at
    1800-419-4332.
  • Are you an NRI? If yes, please feel free to get in touch with us at nriservices@idfcfirstbank.com or call us at
    +91-22-6248-5152.
  • Still have doubts about our many NRI-related services? Please write to us at nriservices@idfcfirstbank.com

More information

For any other information on NRI fund transfers, please Click Here
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Frequently Asked Questions

1) What is Transfer Funds to India Facility

IDFC FIRST Bank offers funds transfer service from overseas for credit to Non Resident or Resident accounts with IDFC FIRST Bank, for purposes like, savings, Investments, family maintenance, etc.

2) How do I send money to an IDFC FIRST Bank account in India?

Follow these simple steps to transfer funds conveniently:

  • 1) Visit your foreign bank branch anywhere in the world.
  • 2) Submit the payment details explained below:
    • • Sender's details - Name, account number and complete address
    • • Receiver's details - Name, 11-digit account number* and complete address
    • • Receiver's bank details -
      Bank Name – IDFC FIRST Bank
      Swift Code – IDFBINBBMUM
      Correspondent's Bank - Please Click Here
  • 3) Mention purpose of payment for faster credit to your account

3) Do I need to be an IDFC FIRST Bank Account holder to receive Fund Transfer from abroad?

Yes, only IDFC FIRST Bank Account holders can avail this service.

4) In which currencies, can a Fund Transfer from abroad be made to IDFC FIRST Bank

You can receive money in 14 currencies - USD, EUR, GBP, CAD, AUD, CHF, AED, SGD, HKD, NZD, JPY, ZAR, NOK, CNH.

5) What are the charges levied by IDFC FIRST bank for receiving a Fund Transfer from abroad?

IDFC FIRST Bank does not charge anything for funds transfer received from abroad, the remitting bank/correspondent bank may levy charges for the wire transfer. GST will be levied on the converted gross INR amount, as per the existing Tax slab.

6) Where do I view the Exchange Rates?

For details on the Exchange Rates, please Click Here

7) Where do I view correspondent Bank details?

For details on correspondent banks, please Click Here

8) Is there any limit for receiving funds from abroad?

No. You can transfer money without any limits

9) Is it mandatory to mention the purpose of payment while Initiating Fund Transfer from abroad?

For faster credit in your account, it is mandatory to mention purpose of payment

10) How much time will it take to get funds credited to my IDFC FIRST Bank account once transaction is successful from overseas bank.

On receiving the payment from foreign Bank, IDFC FIRST Bank will deposit the money in the desired account within 1 to 2 days*. * In certain cases, the bank may be required to reach beneficiary for additional details prior to credit of funds.

11) What are correspondent bank Charges?

Correspondent bank charges are levied by the intermediary bank, routing funds to IDFC FIRST Bank. These charges are neither in control or responsibility of IDFC FIRST Bank.

12) What all information is mandatory for me to provide while initiating Funds Transfer from abroad, to beneficiary account with IDFC FIRST Bank?

  • Sender’s details - Name, account number and complete address
  • Receiver’s details - Name, account number and complete address
  • Receiver’s bank details - Bank Name – IDFC FIRST Bank with Swift Code – IDFBINBBMUM
  • Payment details - Purpose of Payment; you may choose an available option
  • Correspondent’s bank details - Available at Please Click Here
  • Purpose of Payment: For faster credit in your account, it is mandatory to mention purpose of payment

13) Will IDFC FIRST Bank swift code change as per the location of my account?

No. IDFC FIRST Bank has only one swift code IDFBINBBMUM, for receiving funds from abroad for Resident and NRI account holders.

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Contact us

REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com

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