Net Banking
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home / NRI Services / Procedure for Remitting Funds
 
Procedure for Remitting Funds

As a Non-Resident Indian (NRI), you are entitled to special benefits and privileges.

At IDBI, our NRI Services have been specially designed for those who take world-class services for granted. Our IndiaRemit facility allows you to transfer funds to your near and dear ones with maximum ease. Using technological prowess, IDBI Bank provides 6 options to enable a fast, economical and convenient Fund Transfer. So read on and choose the option that fits your needs.

Online transfer from USA and UK
Online transfer from USA and UK This is a simple mode of transferring funds for those based in USA and UK. Just follow these three easy steps for a convenient, economical and secure transfer:
  • Click on IndiaRemit
  • Register once by providing details to initiate the transfer through your local banker to credit your IDBI Bank account
What's more, you can send funds to the IDBI accounts of any of your family members as well. For recipients having accounts with other banks in India, IDBI will courier a Rupee draft directly to the credit of their account or transfer through NEFT/RTGS.


Foreign Currency Cheque / Draft
If you are a non-US based NRI and 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.


Foreign Currency & Travelers' Cheques
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.


Wire Transfer

You can also remit money directly through our correspondent banks mentioned below:
LIST OF OUR CORRESPONDENT BANKS
Currency Correspondent Bank Account No. Swift Address

USD

Citibank N.A, New York

3615-1898
CITIUS33
USD Bankers Trust Company, New York 04-169-786 BKTRUS33
GBP Standard Chartered Bank, London 01-708762401 SCBLGB2L
EUR Deutsche Bank AG, Frankfurt 9534132 DEUTDEFF
CAD HSBC Bank, Canada, Ontario 930 – 135601 - 060 HKBCCATT
AUD HSBC Bank, Australia, Sydney 011 – 795861 - 041 HKBAAU2SSYD



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 .

Online transfer from Gulf and Far East via Exchange Houses
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
Orient Exchange Co. LLC

Dubai, UAE

Speed Remittance

Al Ahalia Money Exchange Bureau Abu  Dhabi, UAE

Speed Remittance

UAE Exchange Center

Abu Dhabi

Speed Remittance

National Exchange Co. Doha, Qatar

Speed Remittance

Alamoudi Exchange Co Saudi Arabia

Speed Remittance

National Finance & Exchange Co. Manama,Bahrain

Speed Remittance

Musandam Exchange Muscat, Oman

Speed Remittance



Money Transfer Services
Enables non-residents to send personal remittances towards family maintenance to beneficiaries in India
Benefits:
  • Quick - within 10 minutes
  • Convenient
  • Reliable
  • Simple - only need to fill in a form, no requirement to have a bank account

We have tie-ups with the following reputed companies for money transfer services:
  • Coinstar Money Transfer
  • Moneygram Money Transfer
  • 'Xpress Money' Service offered by UAE Exchange & Financial Services Ltd
For details, please visit our Money Transfer FAQ page
 
 
Apply Now
Helplines
NRI Services
Procedure for Remitting Funds
Anytime, anywhere banking
Instant bank transactions update on your cell and email
Home | About Us | Financials | Subsidiaries | Regulatory Updates | FAQ's | Investor Query | Our Network | Contact Us | Disclaimer
All Rights Reserved. IDBI Bank Limited