INR

♦ SWIFT (Wire Transfer)

Delivery Time: Same Day Value

Beneficiary Information

• Full Beneficiary Name

• Beneficiary Country

• Beneficiary Address:  (Zip Code, Street, City, Province or State).

Beneficiary Bank Details

• Beneficiary Bank Name

• Routing Code:

Indian Financial System Code (IFSC):

11 digit code representing a specific branch location.

• Beneficiary Bank BIC / SWIFT Code: 8 or 11 characters.

• Purpose of Payment

Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.

• Reference: Monix allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.

Please note our correspondent bank may hold INR payments to request an FCRA certificate copy when the beneficiary of the funds holds a Foreign Contribution Regulation Act (FCRA) Account. This enables approved non-profit organizations to receive foreign contributions for fundraising/charity. Only when the FCRA document is received and reviewed will the bank release the payment.

Indian Financial System Code (IFSC) should be visible on branch cheques.

If beneficiary bank is Indusin Bank and SWIFT starts with INDBINBB replace with INDBINBBGRD.

Ensuring that the 11 digit Indian Financial System Code correlates to the beneficiary branch address provided will assist in minimizing any potential delays.

When sending GBP to India a detailed purpose of payment is also required.

Please note: purpose of payment, beneficiary telephone number, client reference 1 and 2 fields all map to a single field, in this order, up to 140 characters.