WorldRemit - the fast and simple way to make a bank transfer to India
- SBI (State Bank of India)
- Bank of India
- ICICI Bank
- HDFC Bank
- Union Bank of India
- Punjab National Bank
- Bank of Baroda
- Yes Bank
- IDFC Bank
- Axis Bank
- Canara Bank
- Federal Bank
- State Bank of Travancore
- State Bank of Hyderabad
What is a bank transfer?
A bank transfer takes place when you send money electronically from one bank account to another. They can be made to any type of account, whether it’s a current, saving or business account, making it a simple and quick way to support family and friends or pay suppliers, school fees or other bills.
With WorldRemit, you can send money to bank accounts in India from over 50 countries around the world. Most commonly, our customers send money to Indian bank accounts from the US, the UK, Australia and Canada, but this is only a very small number of the possible routes.
Not only is a bank transfer to India quick, with transfers usually made within minutes, but it’s also a safe and secure way of getting funds to those who need them. You can send money to an Indian account using any device and you will receive bank-beating exchange rates and low fees.
How to transfer money to an Indian bank account from the USA, the UK or Australia
Transferring money to an Indian bank account is easy. All you need to do is:
- Select the ‘Bank Deposit’ service in the ‘Send to’ box on our website or app
- Enter the amount you want to send
- You’ll be shown the exchange rate you’ll receive and the small fee that applies
- Enter the bank account details of the person you’re sending the money to (we need your recipient’s bank name, branch name, IFSC/ branch code and account number)
- Choose your payment method
Both you and your recipient will receive SMS confirmation once the transfer is complete
What is an IFSC code?
An IFSC code (Indian Financial System Code) is an 11-digit number that can be found on Indian checks and other bank materials. It’s used to identify individual bank branches that participate in the various online money transfer options. Each bank branch and location has its own unique IFSC code that allows users to make electronic funds transfers and ensures that their money goes to the right account.
How to find an IFSC code
You can find the IFSC code for your bank on the top of a cheque leaf near the bank account number.
The first 4 digits of the IFSC signify the bank's name, followed by a 0 (the 5th digit) and the last 6 digits stand for the branch of a particular bank.
You can also find the IFSC code by visiting this site.
How much money can you send to bank accounts in India?
The maximum amount you can send to business accounts is INR 1,500,000. If you're sending money to a personal Indian bank account, then the maximum limit will depend on the country you’re making the transfer from and your chosen payment method.