Information on Money Remittance to India
For all my international clients, now PayPal has a $500 limit to receive payments in India so multiple transfers are necessary and there is a fee assessed each time which can become costly. However, payment by wire transfer is often a better choice for smaller or large amounts. All wire transfer fees and oversea charges will have to be borne by clients. NO extra fee amount will be added to the order total.
A) Essential details for SWIFT remittance to India (from any country / bank):
| Beneficiary Customer: | Tilak Bisht Beneficiary SAVING Account No. 0875104000018197 |
| Beneficiary Bank Name: | IDBI Bank Ltd. |
| Branch † | IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai-400005 |
| SWIFT Code † | IBKLINBB |
| IFSC Code * | IBKL0000875 |
| MICR Code * | 110259045 |
| Purpose of Remittance: † | _________________________ |
(* required for local customers only)
B) List of foreign currency accounts with our foreign branches/correspondents.
| Currency | Correspondent Bank Name | SWIFT Code | Account Number |
| USD | Citibank N.A, New York | CITIUS33 | 3615-1898 |
| USD | Deutsche Bankers Trust Company, New York | BKTRUS33 | 04-169-786 |
| USD | Bank of New York, New York | IRVTUS3N | 8900-418-613 |
| USD | Wachovia Bank, New York | PNBPUS3NNYC | 2000-193-00-1493 |
| EUR | Commerzbank | COBADEFF | 400875045700 |
| EUR | Deutsche Bank AG, Frankfurt | DEUTDEFF | (100)9534132-00 |
| EUR | Wachovia Bank, London | PNBPGB2L | 4696162 |
| CAD | Royal Bank of Canada | ROYCCAT2xxx | 95911030634 |
| CAD | HongKong and Shanghai Banking Corp Ltd | HKBCCATTxxx | 930135601060 |
Payment Instructions to be given to your banker (Specimen Format):-
Please remit USD ______ to Wachovia Bank Ltd., New York, USA with Account No. 2000-193-00-1493 and SWIFT code: PNBPUS3NNYC.
For further credit to Ultimate Beneficiary Account No. 0875104000018197 with SWIFT code: IBKLINBB of IDBI Bank Limited, Mumbai branch, INDIA.
For more details of wire transfer, please click on IDBI Bank website. Please be in touch with your Banker or our nearest foreign branch for enabling SWIFT remittance.
Important: Please notify me once the wire has been sent, please find out from your bank the
value date along with the Reference No. and DD/TT/MT No. of the transaction
and send it to me by Fax or E-mail.
If you have any questions about playment, please contact me.
Tilak Bisht. | 