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Savings Account with industry best 7% Interest

Notifications

  • NRI
  • NRE Account

Send money to India

Transfer funds to your Indian account at personalized exchange rates

Wire FIRST Advice Know More
Send Money to India

Overview

With IDFC FIRST Bank by your side, you never have to worry about fund transfers to India. We offer fast and efficient funds transfer from your overseas account to an IDFC FIRST Bank account. Read more

Features

Transfer funds in 15 currencies

Competitive exchange rates

Transfer funds without any limits

Zero processing fee or commission

Money Transfer calculator

(Sending money to India)

Type of Transfer

Select a foreign currency

Select Foreign Currency*
USD
AED
AUD
CAD
CHF

Enter a foreign currency

₹10K
₹25K
₹1L
₹10L
₹25L
₹50L
₹1Cr
₹5Cr
₹10Cr
₹20Cr
₹100Cr
₹200Cr

free, unlimited ATM withdrawals

every branch a home branch

high rates of interest

zero charges on 36+ essential account services

Calculate

Wow! your saved

₹320

with an IDFC FIRST Bank

  • Exchange rate USD1 = ₹84.74
  • Foreign exchange GST (INR) ₹147.6
  • Intermediary bank charges ₹ 20 ₹0
  • Exchange fee (INR) ₹ 300 ₹0

INR equivalent amount credited will be ₹236.02

Calculate

How to transfer

Follow these simple steps to transfer funds conveniently:

Step 1

Visit your foreign bank branch anywhere in the world.

Step 2

Submit the payment details explained below: More details

Step 3

On receiving the payment from the foreign Bank, IDFC FIRST Bank will deposit the money in the desired account within 1 to 2 days***. More details

Limits

Non Resident From NRE A/c

Purpose- Repatriation of Funds (S0014)

  • Per Txn Limit* - $ 100,000
  • Annual Limit* - $ 1,000,000

Non Resident From NRO A/c

Purpose- Repatriation of Funds (S0014)

  • Per Txn Limit* - $ 100,000
  • Annual Limit* - $ 1,000,000

* Annual Limits are applicable on aggregate amount of overseas payments made during a financial year through any Bank or authorized dealer in India.

For details on the exchange or forex rates, please Click here

* 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.

Click here to view contact information

Step 1

Visit our branch and carry all the required self-attested KYC documents.

Step 2

Fill out the offline account opening form and attach the required documents when submitting your application.

Step 3

Our representative will guide you through the application process.

Limits

Non Resident From NRE A/c

Purpose- Repatriation of Funds (S0014)

  • Per Txn Limit* - $ 100,000
  • Annual Limit* - $ 1,000,000

Non Resident From NRO A/c

Purpose- Repatriation of Funds (S0014)

  • Per Txn Limit* - $ 100,000
  • Annual Limit* - $ 1,000,000

* Annual Limits are applicable on aggregate amount of overseas payments made during a financial year through any Bank or authorized dealer in India.

For details on the exchange or forex rates, please Click here

* 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.

Click here to view contact information

Charges

  • IDFC FIRST Bank does not charge any processing fees for fund transfer received from abroad. GST will be levied on the converted gross INR amount, as per the existing tax slab.
  • Please note that the remitting bank routes remittance funds through their correspondent banks in arrangement. These correspondent banks may levy certain remittance charges for rendering their services which are neither in control nor the responsibility of the IDFC FIRST Bank.
  • Click here to know the slab wise structure

Charges

Up to ₹100,000

Value of Supply on which GST will be charged 1% of the ₹ Value OR ₹250 whichever is more

GST on Value of Supply (for rate@ 18%*) ₹180 (For exchange amount of ₹1,00,000)

Up to ₹100,000

Value of Supply on which GST will be charged 1% of the ₹ Value OR ₹250 whichever is more

GST on Value of Supply (for rate@ 18%*) ₹990 (For exchange amount of ₹10,00,000)

Up to ₹100,000

Value of Supply on which GST will be charged ₹5500+ 0.1% on INR Value exceeding 10,00,000 OR ₹60,000 whichever is less

GST on Value of Supply (for rate@ 18%*) ₹1170 (For exchange amount of ₹20,00,000)

Payment tips for fund transfer from NRO account

‘Source of funds’ are nothing but sources of credits into your NRO account. For example, Rent and sale of purchased property are sources of funds. Sources of funds can be further classified into current income (rent, dividend, interest, salary, pension, PF, gratuity) and capital income (others such as sale of financial assets, sale of purchased property, gift from resident relative, etc)

If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.

If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.

If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.

If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.

If your source of income is from current as well as capital income, then you need to initiate two separate payments as they cannot be clubbed.

Form 15 CA

  • 15 CA is a mandatory document.
  • 15 CA Should be filed online. Click Here for steps to file
  • Acknowledgement number must be mentioned in the form (top right corner)
  • Status of remitter will be Individual
  • Residential status of remitter will be Non Resident
Click here for sample form

Form 15 CB

Get all the necessary correspondent bank details for the currency transfer

Know More

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Frequently asked questions

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Load more

How to Send Money to India

Step-by-step instructions for transfers from the countries listed below

UK

Read more

Australia

Read more

Canada

Read more

USA

Read more

UAE

Read more

Get in touch with us

We’re here for you

Are you an Indian resident?
If yes, you may call us at
1800-419-4332

Are you an NRI?
If yes, 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

Find other ways to contact us

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