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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 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.
Click here to know the slab wise structure
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.
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
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
Yes, only IDFC FIRST Bank Account holders can avail this service.
It can be done in 14 currencies - CHF, AUD, ZAR, JPY, CAD, CNH, HKD, NOK, SGD, GBP, EUR, USD, AED and NZD
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.
For details on the Exchange Rates, please Click Here
For details on correspondent banks, please Click Here
No. You can transfer money to India without any limits
Yes, it is mandatory to mention purpose of payment.
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.
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.
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
No. IDFC FIRST Bank has only one swift code IDFBINBBMUM for Resident and NRI account holders, for receiving funds from abroad.