Wire Transfer

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

Please Note: After remitter initiates the remittance process by submitting the request to their local bank/institute outside India, originating Institute routes remittance funds through their correspondent banks in arrangement. These correspondent banks levy certain charges for rendering their services which are neither in control nor the responsibility of the IDFC FIRST BANK.

Your bank will require Beneficiary Information & Correspondent Bank Details to initiate the transfer:

Beneficiary Information:

1.   Your Name (Normally captured in field 59 of the wire transfer)

2.   Your IDFC FIRST Bank Account Number (mention your 11 digit IDFC FIRST Bank NRE or NRO account number if you wish to convert the funds into INR and have it credited to your NRE/ NRO account. If you wish to create an FCNR Deposit, please mention your 10 digit Customer ID with IDFC FIRST Bank)

3.   Purpose of Remittance - Please ask your bank to include this information in Field 72 of the Wire Transfer "P0014 - Receipts o/a Non-Resident deposits (FCNR(B)/NR(E)RA, etc.)". You could also mention any other purpose as may be applicable – for e.g. “P1301 - Inward remittance from Indian non-residents towards family maintenance and savings”

Correspondent Bank Details: (select details pertaining to the currency of your transfer)

Online Remittance Platform:

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