What's special about us
Enjoy Zero Charges on All 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
Transfer funds to your Indian account at personalized exchange rates
Enjoy seamless transfer in multiple currencies
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Transfer funds 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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Transfer funds 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 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.
CORRESPONDENT BANK DETAILS
Select details pertaining to the currency of your transfer
FREQUENTLY ASKED QUESTIONS
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.
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
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.
In which currencies, can a Fund Transfer from abroad be made to IDFC FIRST Bank?
You can receive money in 12 currencies - USD, EUR, GBP, CAD, AUD, CHF, AED, SGD, HKD, NZD, JPY and ZAR
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.
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 without any limits
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
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.
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.
What all information is mandatory for me to provide while initiating Funds Transfer from abroad, to beneficiary account with 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 receiving funds from abroad for Resident and NRI account holders.
