Remittance

Currency	Details
INR	Through our Mumbai Treasury Branch
Yen	Through our Tokyo Branch
HKD	Through our Hongkong Branch
GBP	Through our London Branch
EURO	Through our Paris Branch
SGD	Through our Singapore Branch
USD	To any bank across the globe through their correspondent bank

No fee/charges/commission for rupee remittances to our branches in India, irrespective of the amount.

Conversion from USD to INR is at Card Rate determined on a daily basis.

Remittance in INR to a beneficiary in India

Bank of India branches - NIL
Other banks – USD 25.00

Remittance to beneficiary in other countries, irrespective of amount or currency (other than INR) – USD 30.00

Remittance within USA – USD 30.00

We process wire transfers only for our customers who have account in our New York Branch.

Information required

Beneficiary’s Name
Address
Account Number
Bank details.

For wire transfer to other banks in India (except BOI) 11 digit IFS Code is required.
For wire transfer to other banks across the globe, IBAN or BIC is required.

How long does it take for the amount to be credited

Normally, the funds are credited to the beneficiary within two business days. It may take longer depending on the foreign country’s practices.

International Wire Transfers through your bankers to any Bank of India branch

Provide the following information to your bank
Intermediary Institution – Bank of India, New York Branch, BIC - BKIDUS33 or ABA Routing Number – 026005458
Account with Institution – SWIFT Code of the branch where you maintain account (in case of Indian branches – the nearest AD branch)

Beneficiary Customer