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

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

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 ^{% *} _p.a

7.5^{% *} _p.a

Wire Transfer

Inward Wire Transfers

8 % * p.a

7.5% * p.a

Wire Transfer

Inward Wire Transfers

Investors

DISCLAIMER

Important Notices

8 ^{% *} _p.a

7.5^{% *} _p.a