Remittance Services
As a Non-Resident Indian (NRI), you are entitled to special benefits and privileges.
At IDBI Bank, our NRI Services have been specially designed for those who take world-class services for granted. Using our technological prowess, IDBI Bank provides six options to enable a fast, economical and convenient Fund Transfer. So read on and choose the option that fits your needs.
If you wish to send remittance using a cheque or a draft, either in foreign currency or INR, all you have to do is dispatch the cheque/draft to your branch
While on a visit to India, you can also encash your Foreign Currency & Travelers Cheques through us & deposit the proceeds to your account with us.
You can also remit money directly through our correspondent banks mentioned below:
LIST OF OUR CORRESPONDENT BANKS
LIST OF NOSTRO ACCOUNTS USED FOR TRADE TRANSACTIONS
| NO. | CURR. | CORRESPONDENT BANK | ABBR. | LOCATION | SWIFT CODE | A/C NO |
|---|---|---|---|---|---|---|
| 1 | USD | DEUTSCHE BANKERS TRUST COMPANY AMERICAS | BTC | NEW YORK | BKTRUS33 | 04-169-786 |
| 2 | USD | BANK OF NEW YORK | BONY | NEW YORK | IRVTUS3N | 890-0418-613 |
| 3 | USD | CITIBANK | CITI | NEW YORK | CITIUS33 | 3615-1898 |
| 4 | USD | STANDARD CHARTERED BANK | SCB-USD | NEW YORK | SCBLUS33XXX | 3582 0670 16001 |
| 5 | USD | JP MORGAN | JPM | NEW YORK | CHASUS33 | 811165505 |
| 6 | EUR | COMMERZBANK | COBA | FRANKFURT | COBADEFF | 400875045700 |
| 7 | EUR | DEUTSCHE BANK | DEUT | FRANKFURT | DEUTDEFF | (100) 9534132 00 |
| 8 | GBP | STANDARD CHARTERED BANK | GBP | LONDON | SCBLGB2LXXX | 01-708762401 |
| 9 | GBP | BARCLAYS BANK | GBP | LONDON | BARCGB22XXX | 93687147 |
| 10 | CHF | UNION BANK OF SWITZERLAND | CHF | ZURICH | UBSWCHZH80A | 230-94752.05 Y |
| 11 | JPY | SUMITOMO MITSUI BANKING CORPORATION | JPY | TOKYO | SMBCJPJTXXX | 5273 |
| 12 | DKK | DEN DANSKE BANK | DKK | COPENHAGEN | DABADKKK | 3996 070794 |
| 13 | SGD | DBS BANK | SGD | SINGAPORE | DBSSSGSGXXX | 0370037249 |
| 14 | AUD | ANZ BANKING GROUP LIMITED | AUD | SYDNEY | ANZBAU3MXXX | 925370AUD00001 |
| 15 | SEK | SKANDINAVISKA ENSKILDA BANKEN | SEK | STOCKHOLM | ESSESESS | 52018560867 |
| 16 | HKD | HONGKONG AND SHANGHAI BANKING CORP. LTD. | HKD | HONG KONG | HSBCHKHHHKH | 502379365001 |
| 17 | CAD | ROYAL BANK OF CANADA | RBC CAD | TORONTO | ROYCCAT2XXX | 95911030634 |
| 18 | NOK | NORDEA BANK NORGE ASA | NOK | OSLO | NDEANOKKXXX | 60010206203 |
| 19 | AED | ABU DHABI COMMERCIAL BANK | AED | DUBAI | ADCBAEAAXXX | 100626001001 |
| Instructions to be given to your banker: |
| (Specimen Format) |
| Please remit (currency + amount) USD 1000 to IDBI Bank Ltd, Mumbai Account No.3615-1898 with Citibank N.A,New York (correspondent bank name and location)(Swift Code CITIUS33) for further credit to my Account No 1234123412341234 with IDBI Ltd.(Swift code IBKLINBB) Andheri ,Mumbai (branch and city),India. |
Additional information to be given for fixed deposits: Proceeds to be placed as a fixed deposit (NRE/NRO/FCNR-B) for a period of 36 months, with IDBI Bank Ltd,Andheri, Mumbai (branch and city). My Customer ID is 123456 . |
This facility is available for NRIs based in Gulf and Far East region. You can now make a Speed Remittance from any of the Exchange Houses listed below, directly for credit to your IDBI Bank account. The funds would be credited to your account within 1 working day.
| Name of the Exchange House | Country | Mode of Transfer |
|---|---|---|
| National Finance & Exchange Co. | Bahrain | Speed Remittance |
| Al Jadeed Exchange | Oman | Speed Remittance |
| Musandam Exchange | Oman | Speed Remittance |
| Oman UAE Exchange Centre | Oman | Speed Remittance |
| Purshottam Kanji Exchange Co. LLC | Oman | Speed Remittance |
| City Exchange Company | Qatar | Speed Remittance |
| Al Amoudi Exchange Co | Saudi Arabia | Speed Remittance |
| Al Ahalia Money Exchange Bureau | UAE | Speed Remittance |
| Al Fardan Exchange | UAE | Speed Remittance |
| GCC Exchange | UAE | Speed Remittance |
| Orient Exchange Co. LLC | UAE | Speed Remittance |
| UAE Exchange Centre | UAE | Speed Remittance |
We have tie-ups with the following reputed companies for money transfer services:
- Moneygram Money Transfer
- 'Xpress Money' Service offered by UAE Exchange & Financial Services Ltd
- Western Union Money Transfer
For details, please visit our Money Transfer FAQ page