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Kotak Mahindra Bank’s Wire Transfer facility is a safe and reliable international
wire transfer mechanism that enables you to remit funds to your family back home within
no time at all. You can transfer money to your account as well as your loved ones
accounts with Kotak Mahindra Bank.
Remitting Procedure
Please ensure that the remittance message carries both identification for your self
and the purpose of the remittance. Use your name and the Customer Relationship number
(CRN) to identify yourself. In the purpose of remittance should carry the instructions
for the Bank to invest the funds.
| Sr. No |
Purpose of Remittance |
Details required in the remittance |
| 1 |
Beneficiary account is a Current / Savings Account |
Credit to name of beneficiary __________, account number ___________ with Kotak Mahindra Bank __________ (branch and city ), India |
| 2 |
Beneficiary Account is a Term Deposit |
Credit to NRE TD/FCNR TD (choose any one) favoring _____________( account holder's name) for a period of ________ months with Kotak Mahindra Bank __________ (branch and city ), India |
Note:
- If the purpose of the remittance is to book a FCNR term deposit, please ensure
that you mention that very clearly including the currency in which the FCNR has to
be held. Please ensure that you do not mention any of the NRE/NRO savings/term
deposit account numbers, this is to avoid any confusion on the purpose of the funds
- However, please ensure that the local bank remitting the funds mention the
complete details in the message. Kotak Mahindra Bank does not take any responsibility
for delay in receipt of funds from the Originating Bank due to incomplete information.
- Turn Around Time
Transfer of Funds to Beneficiary (Account Transfer), within 3 working days (not
including Saturday, Sundays and Public Holidays) after Overseas Bank initiating
the remittance.
Correspondent Banks
| Currency |
Receiving Bank |
Swift Code |
Account Number |
| USD |
Bank of New York
No 1, Wall Street
New York, N.Y.10015 |
IRVT US 3NXXX |
890 0517 794
FEDWIRE Routing No. - 021000018
CHIPS UID 402260 |
| USD |
Wachovia Bank NA
11 PENN PLAZA
4 th FLOOR
NEW YORK NY 10001 |
PNBP US 3N NYC |
2000193008564
CHIPS ABA 0509
Fed ABA 026005092 |
| EURO |
Deutsche Bank AG
Taunusanlage 12,
60325 Frankfurt
Germany |
DEUT DE FF XXX |
IBAN No.: DE23 5007 0010 0953 5345 00 |
| JPY |
Wachovia Bank NA
Yamato International Nihonbashi Bldg.
8th Floor, 2-1-2 Nihonbashi
Horidomecho Chuo-ku Tokyo 103-0012 |
PNBP JP JX |
99815069 |
| GBP |
Standard Chatered Bank
37 Gracechurch Street
London EC3V 0BX
UK |
SCBLGB2L |
00 01 2507765 01
Branch Sort Code - 60-91-04
IBAN No.: GB08 SCBL 6091 0412 5077 65 |
| AED (UAE Dirhams) |
Emirates Bank
International pjsc
Dubai |
EBIL AE AD XXX |
0004 716953 784 |
| CHF (Swiss Franc) |
Zurcher Kantonalbank,
Roschibachstrasse 24,
CH-8037 Zurich,
Switzerland |
ZKBK CH ZZ 80A |
0700-00045.381 |
| CAD (Canadian Dollars) |
Canadian Imperial Bank of Commerce,
Global Banking and Trade Solutions,
199 Bay Street, CCW-9,
Toronto, Ontario M 5 L 1A2 |
CIBC CA TT |
1775812 |
| SGD (Singapore Dollars) |
DBS Bank Ltd.
6 Shenton Way,
DBS Bank Building, Tower One,
Singapore 068809 |
DBSS SG SG XXX |
037-003468 |
| AUD (Australian Dollar) |
Commonwealth Bank of Australia
Institutional Banking
Level 15, 52 Martin Place
Sydney NSW 2000
Australia |
CTBA AU 2S |
100567901AUD112601 |
Foreign Currency Conversion Charge which is an explicit
charge of Rs.50 for Individuals and Rs.100 for Non Individuals along
with a service tax of 12.36 % (as per current prevalent rates) is applicable
to all transactions that involve Foreign Currency Conversion. This charge
is applicable with retrospective effect from 16th May 2008 as per the
CBDT circular in the Finance Act 2008.
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