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Inward Remittances

Our inward remittance and residential forex services

Tamilnad Mercantile Bank offers complete inward forex remittance service through global tie up with many international banks spread across the globe. Through these correspondent banks, funds can be transferred from any account anywhere globally to your account with us anywhere in India.

We are having a worldwide network of premier correspondence banks for speedy and easy transfer of funds. To transfer your funds anywhere in the world to India, instruct to your bankers to give instructions through SWIFT as per the following format:

Field No.

Description

50

Ordering Customer

52a

Ordering Institution

53a / 53d

Sender’s Correspondent Bank

54a / 54d

Receiver’s Correspondent Bank

57a / 57d

Account with Receiver’s Correspondent Bank

58

Beneficiary Account No.

59

Beneficiary Account Name

70

Details of Payment

72

Sender to Receiver Information

  • Above fields are mandatory for proper credit in beneficiary account here in India.
  • Above Format is a sample format. Additional Details may be required by the Ordering Institution / Sender's Correspondent Banks.

Field No.

Sample Description

50

Mr. XYZ, Sanfrancisco, USA

52a

Bank Of New York, Sanfrancisco, USA

53a / 53d

IRVTUS3N (Swift Code) (or) Bank Of New York, New York

54a / 54d

PNBPUS3NNYC (Swift Code) (or) Wells Fargo bank NA, New York

57a / 57d

TMBLINBB (Swift Code) (or) /2000193008674 (A/C No.), Tamilnad Mercantile Bank Ltd, International Banking Division, Chennai, India.

58

/400286 (Account No. of Mr. B, Nagerkoil)

59

Mr. B, Nagerkoil

70

Advance Remittance / Gift / Donation As The Case May Be.

72

Being the advance payment sent for order no. so and so...

 

Above fields are mandatory for proper credit in beneficiary account here in India.
Above Format is a sample format. Additional Details may be required by the Ordering Institution / Sender's Correspondent Banks.

NOSTRO : These accounts are Foreign Currency accounts maintained by us abroad. If the instructions are given as mentioned above, we will be able to apply the funds immediately on receipt of funds in our account. The remittances can be made through the respective NOSTRO accounts for the credit of your account with us. For further details you can email us at: ibd@tmbank.in