What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Enjoy seamless transfer in multiple currencies
Receive funds from overseas in your Indian acc at personalized exchange rates
Enjoy seamless transfer in multiple currencies
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Fund transfer available in 12 currencies
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Competitive exchange rates
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Transfer funds without any limits
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Zero processing fee or commission
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Fund transfer available in 12 currencies
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Competitive exchange rates
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Transfer funds without any limits
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Zero processing fee or commission
How to transfer
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 -
i. Bank Name – IDFC FIRST Bank
ii. Swift Code – IDFBINBBMUM
iii. 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***.
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.
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
Charges
IDFC FIRST Bank does not charge anything for funds transfer received from abroad. GST will be levied on the converted gross INR amount, as per the existing Tax slab.
Please note that the remitting bank routes remittance funds through their correspondent banks in arrangement. These correspondent banks may levy certain charges for rendering their services which are neither in control nor the responsibility of the IDFC FIRST Bank.
For details on the Exchange Rates, please Click Here
Partner Bank Details
FX Retail Platform
Reserve Bank of India (RBI), through Clearing Corporation of India Ltd (CCIL), has rolled out an electronic trading platform ‘FX-Retail’ where customers have the option to BUY and SELL foreign exchange. FX Retail platform, currently offers Cash/Tom/Spot deals.
For registration, please visit CCIL-FX Retail website,
https://www.fxretail.co.in/#/login
Post successful registration, the limit can be setup by visiting the nearest branch of IDFC FIRST Bank.
For more information, visit the CCIL website, https://www.ccilindia.com/AboutUs/Pages/FxRetailPlatform.aspx
Get In Touch
• Are you an Indian resident? If yes, you may 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
FREQUENTLY ASKED QUESTIONS
What is Transfer Funds to India Facility?
IDFC FIRST Bank offers fund transfer service from overseas to India for Non Resident or Resident account holders of IDFC FIRST Bank, for purposes like savings, investments, family maintenance etc.
How do I send money to an IDFC FIRST Bank account in India?
Follow these simple steps to transfer funds conveniently:
- Visit your foreign bank branch anywhere in the world.
- 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
Do I need to be an IDFC FIRST Bank Account holder to receive foreign inward remittance?
Yes, only IDFC FIRST Bank Account holders can avail this service.
Which foreign currencies can be converted and sent to IDFC FIRST Bank?
It can be done in 14 currencies - CHF, AUD, ZAR, JPY, CAD, CNH, HKD, NOK, SGD, GBP, EUR, USD, AED and NZD
Where do I view the Exchange Rates?
For details on the Exchange Rates, please Click Here.
Where do I view correspondent Bank details?
For details on correspondent banks, please Click Here.
Is there any limit for receiving funds from abroad?
No. You can transfer money to India without any limits.
How much time will it take to credit the funds to my IDFC FIRST Bank account once the 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.
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 transferred from abroad. The remitting bank or the correspondent banks may levy charges for the wire transfer. GST will be levied on the converted gross INR amount, as per the existing Tax slab.
What are correspondent bank charges for inward remittance?
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.
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.
What all information is mandatory for me to provide while transferring funds to India from foreign bank to IDFC FIRST Bank?
- o Sender’s details - Name, account number and complete address
- o Receiver’s details - Name, account number and complete address
- o Receiver’s bank details - Bank Name – IDFC FIRST Bank with Swift Code – IDFBINBBMUM
- o Payment details - Purpose of Payment; you may choose an available option
- o Correspondent’s bank details - Available at Please Click Here
- o Purpose of Payment: For faster credit in your account, it is mandatory to mention purpose of payment
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 Resident and NRI account holders, for receiving funds from abroad.
