Wire Transfer

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

For viewing the sample MT103 information format, “Select Currency” for viewing pdf

US Dollar SWIFT	Bank Name:	JP MORGAN CHASE, NEW YORK
Field 56	Swift Code / BIC:
(Intermediary bank)	Bank Clearing Code
	Intermediary Bank Name
For credit to:	Account Number:
Field 57	Beneficiary Bank :
Field 72	Purpose of the Remittance	______________________
Purpose of the Remittance	Ultimate Beneficiary Details	Beneficiary A/c No:_____________________ Beneficiary Name:_______________________ EQUITAS BANK IFSC CODE:- ESFB0001001 Equitas Branch Name:- __________________

Currency	USD
Amount	……………………………………………………………………………
Beneficiary's Bank	IndusInd Bank Ltd.
IndusInd Bank's correspondent (Intermediary bank)	JP Morgan Chase Bank, New York
SWIFT Code of IndusInd Bank's Correspondent	CHASUS33
A/C. Number (IndusInd Bank's a/c with Correspondent)	406314026
IndusInd bank's SWIFT Code (irrespective of the Beneficiary Bank's branch) (Field 57)	INDBINBBGRD
Purpose (enter specific purpose) (Field 70 or 72)	…………………………………………………………………………… (Purpose of Remittance from Beneficiary)
Beneficiary's Name and other details (Field 59)	Beneficiary A/c Number: ……………………………………………………………………………(ESFB A/c Number) Beneficiary A/c Name: …………………………………………………………………………… (ESFB A/c Name)
Beneficiary Bank Branch (Field 59) (Single IFSC is applicable for credit to all Equitas Bank Accounts)	Equitas Small Finance Bank ………………………………………. [Branch Name] Equitas Bank IFSC Code:- ESFB0001001

Currency	EUR
Amount	…………………………………………………………………
Beneficiary's Bank	IndusInd Bank Ltd.
IndusInd Bank's correspondent (Intermediary bank)	Commerzbank AG, Frankfurt
SWIFT Code of IndusInd Bank's Correspondent	COBADEFFXXX
A/C. Number (IndusInd Bank's a/c with Correspondent)	50040000/400 8750671 00 EUR
IndusInd bank's SWIFT Code (irrespective of the Beneficiary Bank's branch) (Field 57)	INDBINBBGRD
Purpose (enter specific purpose) (Field 70 or 72)	…………………………………………………………………………… (Purpose of Remittance from Beneficiary)
Beneficiary's Name and other details (Field 59)	Beneficiary A/c Number: ……………………………………………………………………………(ESFB A/c Number) Beneficiary A/c Name: …………………………………………………………………………… (ESFB A/c Name)
Beneficiary Bank Branch (Field 59) (Single IFSC is applicable for credit to all Equitas Bank Accounts)	Equitas Small Finance Bank ………………………………………. [Branch Name] Equitas Bank IFSC Code:- ESFB0001001

Currency	GBP
Amount	…………………………………………………………………
Beneficiary's Bank	IndusInd Bank Ltd.
IndusInd Bank's correspondent (Intermediary bank)	Barclays Bank, London
SWIFT Code of IndusInd Bank's Correspondent	BARCGB22XXX
A/C. Number (IndusInd Bank's a/c with Correspondent)	20325313741230
IndusInd bank's SWIFT Code (irrespective of the Beneficiary Bank's branch) (Field 57)	INDBINBBGRD
Purpose (enter specific purpose) (Field 70 or 72)	…………………………………………………………………………… (Purpose of Remittance from Beneficiary)
Beneficiary's Name and other details (Field 59)	Beneficiary A/c Number: ……………………………………………………………………………(ESFB A/c Number) Beneficiary A/c Name: …………………………………………………………………………… (ESFB A/c Name)
Beneficiary Bank Branch (Field 59) (Single IFSC is applicable for credit to all Equitas Bank Accounts)	Equitas Small Finance Bank ………………………………………. [Branch Name] Equitas Bank IFSC Code:- ESFB0001001

Currency	CAD
Amount	…………………………………………………………………
Beneficiary's Bank	IndusInd Bank Ltd.
IndusInd Bank's correspondent (Intermediary bank)	Royal Bank of Canada, Toronto
SWIFT Code of IndusInd Bank's Correspondent	ROYCCAT2XXX
A/C. Number (IndusInd Bank's a/c with Correspondent)	95912308880
IndusInd bank's SWIFT Code (irrespective of the Beneficiary Bank's branch) (Field 57)	INDBINBBGRD
Purpose (enter specific purpose) (Field 70 or 72)	…………………………………………………………………………… (Purpose of Remittance from Beneficiary)
Beneficiary's Name and other details (Field 59)	Beneficiary A/c Number: ……………………………………………………………………………(ESFB A/c Number) Beneficiary A/c Name: …………………………………………………………………………… (ESFB A/c Name)
Beneficiary Bank Branch (Field 59) (Single IFSC is applicable for credit to all Equitas Bank Accounts)	Equitas Small Finance Bank ………………………………………. [Branch Name] Equitas Bank IFSC Code:- ESFB0001001

Currency	SGD
Amount	…………………………………………………………………
Beneficiary's Bank	IndusInd Bank Ltd.
IndusInd Bank's correspondent (Intermediary bank)	H.S.B.C, Singapore
SWIFT Code of IndusInd Bank's Correspondent	HSBCSGSGXXX
A/C. Number (IndusInd Bank's a/c with Correspondent)	141167379001
IndusInd bank's SWIFT Code (irrespective of the Beneficiary Bank's branch) (Field 57)	INDBINBBGRD
Purpose (enter specific purpose) (Field 70 or 72)	…………………………………………………………………………… (Purpose of Remittance from Beneficiary)
Beneficiary's Name and other details (Field 59)	Beneficiary A/c Number: ……………………………………………………………………………(ESFB A/c Number) Beneficiary A/c Name: …………………………………………………………………………… (ESFB A/c Name)
Beneficiary Bank Branch (Field 59) (Single IFSC is applicable for credit to all Equitas Bank Accounts)	Equitas Small Finance Bank ………………………………………. [Branch Name] Equitas Bank IFSC Code:- ESFB0001001

8.25 ^{% *} _p.a

7.5^{% *} _p.a

Wire Transfer

Inward Wire Transfers

8.25 % * p.a

7.5% * p.a

Wire Transfer

Inward Wire Transfers

Investors

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8.25 ^{% *} _p.a

7.5^{% *} _p.a