NRI FAQ Payments & Transfers

    1. How do I transfer funds into my IDFC FIRST Bank NRI account from overseas?

    International Wire Transfer:You can wire funds from your overseas bank account to your IDFC FIRST Bank NRI Account.It normally takes 2-3 business days for the funds to reflect in your account after your overseas bank has initiated this international wire transfer.Funds transferred to your IDFC FIRST Bank NRI are available for use as soon as they are credited to your account.The exchange rate applied for your transfer will be the exchange rate on the date on which we receive funds in your account.

    IDFC FIRST Bank does not charge a fee for incoming Wire Transfers,however your local bank overseas may charge a fee for sending International Wires.Your bank will require information such as your IDFC FIRST Bank Account Number,Beneficiary details and routing number.For your convenience,you can complete the details below,print the form and provide to your bank to initiate the wire transfer from your account.

    Online Remittance through third party portals:Your IDFC FIRST Bank accounts are enabled to receive credit from Online/Third Party remittance providers.All you need to do is add your IDFC FIRST Bank Account as a beneficiary;most remittance providers will be able to directly credit your IDFC FIRST Bank Account.Exchange rates and time taken are determined by the remittance provider and not by IDFC FIRST Bank.


    2. How do I transfer funds from my IDFC Bank NRI Account to my local bank account overseas?

    If you have a Non-Resident External (NRE) Account, deposit or FCNR(B) Deposit, please complete the Funds Transfer Request Form and e-mail it to nriservices@idfcfirstbank.com from your registered e-mail ID. For our mutual protection, for instructions received on e-mail, our representatives may call you to verify your identify and your instructions prior to executing the instructions. The transfers may be delayed if you are not contactable at the registered telephone numbers on our records.

    This is fast, convenient and fee-free. You will receive these funds in your overseas bank account typically within 1-2 business days.


    3.What information do I need to send wire transfer funds from my local bank overseas to my IDFC FIRST Bank NRI Account?

    • Overseas Bank account number, remitter name, overseas address and country
    • Complete Beneficiary Name, account number and Purpose of remittance.
    • Correspondent Bank Name, swift code and account number. These details are available on Click Here
    • Beneficiary Bank name, address and Swift code (IDFBINBBMUM)
    • Do not mention account number for opening a FCNR fixed deposit, kindly ensure only your UCIC is mentioned.
    • Purpose of remittance
    • Please select charge method as “OUR” to avoid correspondent bank charges

    4. Does IDFC Bank charge a fee to transfer funds from my NRI Account to my local bank overseas?

    No, there is no fee currently.


    5. What information do I need to provide to transfer funds from my IDFC Bank NRI Account to my local bank overseas?

    To initiate a transfer from your IDFC Bank NRI Account to your local bank account, we will need the account number of your local bank account number, the name of the beneficiary bank name, address and SWIFT Code.

    If you have a Non-Resident External you can also complete the A2 Cum Remittance Form, and e-mail it to nriservices@idfcfirstbank.com


    6. When will my funds be available if I transfer funds from overseas to my IDFC Bank NRI Account?

    Your funds should be creditd into your NRI account within 2-3 business. We will reach out to you if we have any clarifications regarding your transfer. Please also ensure that your contact details are always updated on our records.


    7. How much time will it take to receive funds in my local bank account overseas if I request for a transfer from my IDFC Bank NRI Account?

    If you had requested for funds to be sent as a wire transfer from your IDFC Bank NRE/ FCNR Account to your local bank account overseas, you should receive these funds normally within 2-3 Business Days in your local bank account overseas. If you do not receive the funds within 2-3 Business Days, please call Banker on Call.

    To ensure that there are no delays, please ensure that you provide complete and correct information in the A2 Cum Remittance Request Form. Please also ensure that your contact details are always updated on our records.


    8. What is the foreign exchange rate that will be applied for my transfers?

    Foreign Exchange Rates applicable on your transfer are available on our website. Exchange rate applicable on the date of conversion of funds to / from INR from / to FCY will apply.


    9. What is the limit for making outward remittance from my NRE account?

    NRE account balances are freely repatriable. There is no limit specified for outward remittances from such accounts


    10. What is the process for making an outward remittance from my NRO account from IDFC First Bank branch?

    For making an outward remittance from your NRO account, please walk into any IDFC First Bank branch in India and initiate the outward remittance by filling up Retail Outward Remittance Application specifying the necessary details. In addition to this, you have to provide documentary proof of the source of the funds sought to be remitted and C.A. Certificate in Form 15CA and 15CB.


    11.What is the limitation for repatriating funds out of NRO account?

    Balances in the NRO account arising out of capital receipts can also be repatriated upto USD 1,000,000 in a financial year. There is no limit for repatriating current income transactions (e.g Rent, Dividend, Interest, e.t.c)

X
X

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

Bank Account Related

For feedback/concerns-
Call us at : 1800-419-4332
Write to us at : banker@idfcfirstbank.com

For escalations-
Call us at : 1800-419-2332
Write to us at : head.customerservice@idfcfirstbank.com

Loan Account Related

For feedback/concerns-
Call us at : 1860-500-9900
Write to us at : customer.care@idfcfirstbank.com

For escalations-
Call us at : 1800-419-2332
Write to us at : head.customerservice@idfcfirstbank.com

X

For Media Contact

X

For Media Contact

X