Wire Transfer Drafts - Money Transfer Services for NRI - Kotak Bank
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • Solitaire
  • NRI Services
  • Investors
logo Help Center logo Locate us
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • Solitaire
  • NRI Services
  • Investors
Products

Popular Products

productCArd

Credit Cards
productCArd

Personal Loan
productCArd

Savings Account
productCArd

Home Loan
productCArd

Current Account
productCArd

Business Loan
productCArd

Mutual Fund
productCArd

NPS
productCArd

Tax
productCArd

Fixed Deposit

Show More

Help

Quick Help

productCArd

Locate us
productCArd

Contact us
productCArd

Report Fraud / Raise Dispute

Show More

Frequently Asked Questions

productCArd

Accounts
productCArd

Payments
productCArd

Credit Card
productCArd

Kotak 811
productCArd

My Profile
productCArd

Loans
productCArd

Digital Banking
productCArd

Deposits
productCArd

Investments
productCArd

Insurance
productCArd

Working Capital

Show More

productCArd productCArd

Home

 productCArd productCArd

Services

 productCArd productCArd

Products

 productCArd productCArd

Help

 productCArd productCArd

Get App
AF107-wire-transfer-d
More

Benefits

icon

Convenience

Simply provide fund transfer request to your overseas bank specifying the amount and beneficiary details

icon

Fast

Credit of funds to your Kotak account in 1-2* working days on sight of funds in our correspondent bank Nostro account

icon

Multicurrency

Facility available for transfer of funds in 16 currencies

Details required for Wire Transfer

  • Kotak Mahindra Bank's Correspondent Bank Nostro account number and SWIFT Code
  • Kotak Mahindra Bank Swift Code: KKBKINBB
  • Ensure that your name, overseas bank account number, email ID, overseas address / contact number is mentioned in the swift message
  • Further mention details of beneficiary account as under:
    • Beneficiary name: [Your beneficiary account name with Kotak Mahindra Bank]
    • Beneficiary account no: [Your Beneficiary’s Account no. with Kotak Mahindra Bank]
    • Purpose: [Purpose of transferring funds to be mentioned]
  • To book an FCNR term deposit, mention the currency of deposit & tenure in relation to the purpose of remittance to avoid conversion of the funds into INR
  • While making a SWIFT international transfer, your bank asks who will pay the transfer fees, always mention  “Guaranteed OUR” or “Full Pay” in swift message, so the sending overseas bank or any intermediary bank will not deduct the transfer charges from the remittance value. This is to be done where you want the overseas bank to deduct the charges separately from your overseas account and remit the full value to the beneficiary in India.

 

Charges of Wire Transfer:

  • Kotak Mahindra Bank does not charge fees for Wire Transfer except the Goods and Service Tax on Foreign Currency Conversion in accordance to GST Bill 2017 passed by the Government of India.


 

Disclaimer

* For timely credits of funds to Kotak account, ensure all the necessary information is provided. Kotak Mahindra Bank does not take any responsibility for delay in receipt of funds from the originating bank due to incomplete information.

r-to-nr-2-m

Read more

Learn all about NRI

View all stories