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WIRE TRANSFER

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Inward Wire Transfers

Wire Transfer is one of the easiest and most secured offline mode of sending money to India from overseas. Our Bank has tied up with IndusInd Bank for the benefit of our customers to remit funds to your Bank account held with us, for only the specific purposes stated below
Purposes Permitted under Inward Remittance
  • P1301 - Inward remittance from Indian non-residents towards family maintenance and savings
  • P1302 - Personal gifts
  • P1401 - Compensation of employees/ Salary
Benefits
  • Inward wire transfer are accepted in 16 currencies
  • It can be originated from anywhere in the world without any registration.
  • Funds would be credited to the account within 1-2 working days
Process
  • The remitter who wish to remit funds to an Indian Rupee Account held with Equitas Small Finance Bank, can initiate the wire transfer payments either through the internet banking options available or by visiting his/her bank branch.
  • Based on the wire transfer request details, the overseas bank initiates the SWIFT message instruction for credit to the Nostro account of Indusind Bank. IndusInd Bank being our remittance partner, would convert the incoming foreign currency funds to Indian Rupees and transfer the remittance as NEFT to the account held with our Bank.
  • Clear Funds received in the NOSTRO account before 10am Indian Standard Time on Forex Market working day would be credited to the beneficiary’s account held with our Bank through NEFT on the same day or T+1 from the date of credit.
  • Please note that the SWIFT/ BIC of the intermediary bank mentioned is currency specific and is common for all branches. The SWIFT/BIC Code of Indusind Bank (Beneficiary Bank) for retail remittances to Equitas Small Finance Bank is INDBINBBGRD.
  • Transactions received for any purpose other than the above quoted purposes, will be returned back.
  • Also, if the beneficiary account is found to be ineligible, as per regulatory guidelines, the bank would return the funds back to the remitter post deduction of return charges.
  • Exchange loss (if any) for funds already converted to INR, the charges for return of remittance has to be borne by the remitter.
  • For any queries on the remittance transaction made, please mail to remcpc@equitasbank.com

LIST OF CORRESPONDENT BANKS

 

CURRENCY CORRESPONDENT NAME CITY COUNTRY ACCOUNT NO BIC CODE Beneficiary Bank SWIFT Code (Indusind Bank)
USD JPMORGAN CHASE BANK, N.A New York U.S.A 406314026 CHASUS33 INDBINBBGRD
EUR Commerzbank AG Frankfurt Germany 50040000/400 8750671 00 EUR COBADEFFXXX
GBP Barclays Bank London United Kingdom 20325313741230 BARCGB22XXX
CAD Royal Bank Of Canada Toronto Canada 95912308880 ROYCCAT2XXX
SGD H.S.B.C Singapore Singapore 141167379001 HSBCSGSGXXX
AUD A.N.Z Bank Melbourne Australia 553529/00001CURRENTA/C NO.1 ANZBAU3MXXX
CHF U.B.S Zurich Switzerland 2300000094250050000Y UBSWCHZH80A
AED Emirates NBD Dubai U.A.E 1264433175701 EBILAEADXXX
HKD H.S.B.C Hong Kong Hong Kong 511038168001 HSBCHKHHHKH
JPY Wells Fargo Bank Na. Tokyo Japan 99813069 PNBPJPJXXXX
NZD ANZ National Bank Limited Wellington New Zealand 553529/00001NZDACCOUNTNO1 ANZBNZ22058
SAR National Commercial Bank Jeddah Saudi Arabia 88312345903 NCBKSAJEXXX
DKK Danske Bank Copenhagen Denmark 3996053903 DABADKKKXXX
SEK Nordea Bank AB Stockholm Sweden 39527900085SEK NDEASESSXXX
NOK Dnb Nor Bank Oslo Norway 70010204656 DNBANOKKXXX
ZAR First Rand Bank Ltd. Johannesburg South Africa 9020993 FIRNZAJJXXX
 
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