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Citibank not only offers several convenient options but also competitive foreign exchange rates to help you with your transfers to India. Choose an option that suits you best based on your country of residence.
International Wire Transfers
Right for you if:
- You plan to transfer large amount of funds
- You need for use in India immediately after they are credited to your Citibank NRI Account
Please Note:
- Citibank does not charge fees for incoming wires. However, your local bank may charge a fee for this transaction. Please inform your bank that you would like to do a full value wire transfer.
- It normally takes 2-3 business days for the funds to be credited to your Rupee Checking Account for International Wire Transfers
Automated Clearing House: (For US Customers only)
Right for you if:
- You are residing in the US and have a checking account with any local bank / financial institution participating in the ACH system in the US
- You want to transfer up to USD 30,000 per day ( subject to limits) conveniently to your Rupee Checking Account
- You want to know the exact Indian Rupee amount which you will get for each transfer before you make a transfer
Please Note:
- Prior to initiating an ACH transfer, you will first need to register a US Checking Account
- Citibank does not charge any fees for incoming ACH Transfers. However, your local bank may charge a fee.
- It normally takes up to 5 business days for the funds to be credited to your account and available for use for ACH Transfers
Please Note:
- As per the Government of India regulations, all foreign currency remittances (both in and out of India) are subject to a Goods and service tax (GST) on the foreign exchange conversion and payable to the Government of India.
- These amounts will be automatically deducted from your account and will reflect in your monthly statement.
- For information on the current GST rates, please click here.