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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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NRI Money Transfer from UAE to India

Enjoy international money transfer with IDFC FIRST Bank’s International Remittance Services.You can transfer funds from your bank in UAE to any IDFC FIRST Bank account in India with complete security and convenience. We offer a digital process accessible anywhere and anytime!Read More

How do we do this? Our network of intermediary banks is our strength, helping increase the speed and efficiency of wire transfers. Additionally, you can enjoy competitive forex rates and minimal service charges.Read Less

Fees and Charges for fund transfers to India from UAE with IDFC FIRST Bank

IDFC FIRST Bank does not charge anything for funds received from abroad. However, GST is levied on the converted gross INR amount per the existing tax slab.

Also, 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.Read More

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Features and Benefits

Fund transfers are secure and reliable

Fund transfers are secure and reliable

There is no upper limit to sending money from UAE to India

There is no upper limit to sending money from UAE to India

Get competitive forex rates with IDFC FIRST Bank

Get competitive forex rates with IDFC FIRST Bank

Money sent is converted on the prevailing forex exchange rates

Money sent is converted on the prevailing forex exchange rates

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How to transfer funds from the UAE to India

    Follow these simple steps to transfer funds conveniently from UAE to India:

    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***

    * 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.

FREQUENTLY ASKED QUESTIONS

Is the money transferred from UAE to India taxable?

No tax is levied on the funds transferred from the UAE to India.

What does wire transfer mean?

Wire transfer is a robust and secure way of sending money abroad. In this fund transfer system, an intermediary bank is involved along with your local bank in your resident country and the beneficiary's bank in the home country. It carries out international money transfers on the sender’s bank’s behalf.

Can we transfer money from the Dubai account to India?

Yes, there are several ways to transfer funds from the Dubai account to India. You can use a wire transfer or international fund transfer option at your local bank in Dubai. Alternatively, you can also opt for a third-party company for fund transfer to India. 

What do I need to send money online to India?

You need to have your local bank account details, the SWIFT Code or IBAN of your bank, the Beneficiary’s bank account details and their SWIFT code/IBAN to transfer funds online from the UAE to India.

How often can I transfer money to India from Dubai?

There is no upper limit for the no. of fund transfers to India from Dubai to India if you hold an NRE or NRO account. The sender’s bank may have some upper limits based on their terms and conditions.

How can I get better exchange rates to transfer money from UAE to India?

Wire/telegraphic transfers offer competitive forex rates. However, you can also find affordable rates on online international fund transfers and third-party companies. Ensure to go through the charges and services fee on other forms of fund transfers.

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