NRI Remittances

The procedure for funds transfer/inward remittance is simple.

All you have to do is instruct your bankers (in the country of remittance - e.g. USA) as under:

Remit USD--- to BANK OF NEW YORK, NEW YORK (SWIFT CODE IRVTUS3N) for credit to A/c No. 803-3165-537 of BANK OF MAHARASHTRA, Mumbai for further credit to NRE A/c No. --- of ---- with ---- Branch, ---- India.

Swift Code of Bank of Maharashtra is "MAHBINBB".

To facilitate quick and safe transfer of funds, we maintain our accounts with 18 banks all over the world.

The list of these correspondent banks with their addresses and our account details are included in the remittance message:

  • Name and address of our correspondent bank abroad and corresponding SWIFT Code.
  • Amount required.
  • Our account number as mentioned in the enclosed list.
  • Your name and account details.
  • Name of our branch where you have the account.

Click to view Standard Settlement Instructions

Bank provides outward remittance facilities subject to guidelines and ceilings as per FEMA. Our worldwide correspondent bank network provides efficient funds transfer in an economic and secured way to overseas beneficiaries.

Simply submit the underlying documents at the Branch along with requisite information of remittance. Branch will upload the same and the Centralized Processing Cell will verify the details and other necessary information and after successful processing, provide SWIFT copy to Branch/ Customer, once transaction is completed.

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