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:
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Field No.
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Description
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50
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Ordering Customer
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52a
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Ordering Institution
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53a / 53d
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Sender’s Correspondent Bank
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54a / 54d
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Receiver’s Correspondent Bank
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57a / 57d
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Account with Receiver’s Correspondent Bank
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58
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Beneficiary Account No.
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59
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Beneficiary Account Name
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70
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Details of Payment
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72
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Sender to Receiver Information
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- 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.
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Field No.
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Sample Description
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50
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Mr. XYZ, Sanfrancisco, USA
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52a
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Bank Of New York, Sanfrancisco, USA
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53a / 53d
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IRVTUS3N (Swift Code) (or) Bank Of New York, New York
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54a / 54d
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PNBPUS3NNYC (Swift Code) (or) Wells Fargo bank NA, New York
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57a / 57d
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TMBLINBB (Swift Code) (or) /2000193008674 (A/C No.), Tamilnad Mercantile Bank Ltd, International Banking Division, Chennai, India.
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58
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/400286 (Account No. of Mr. B, Nagerkoil)
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59
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Mr. B, Nagerkoil
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70
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Advance Remittance / Gift / Donation As The Case May Be.
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72
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Being the advance payment sent for order no. so and so...
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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