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PROCEDURES
* The procedure given below may be followed for effecting
remittances from abroad to India, to the credit of your account with concerned branch/bank in India
or for investing funds under term deposit schemes available to NRIs.
* The amount can be sent by way of a USD draft made in your
name and payable at New York or in India and mail the draft directly to the branch concerned in
India with a request to place the funds as per your requirement.
*If you are remitting funds through SWIFT mode, and in US
Dollars you can instruct your bankers to remit funds to USD account No. 2000191075450 of Vijaya
Bank, maintained with Wachovia Bank N.A., 11, Penn Plaza . 4th Floor, New York NY 10001 , U.S.A. ,
with instructions to send SWIFT message (MT-103) (customer transfer) to our SWIFT address
"VIJBINBBIBD". The message should contain instructions to place the proceeds of the funds to the
credit of your account (A/c No. to be given) with concerned branch in India .
The format of the message could be as under:
"PAY USD ________________TO WACHOVIA BANK N.A. 11, PENN PLAZA ,
4TH FLOOR, NEW YORK NY 10001 U.S.A. (SWIFT ADDRESS : PNBPUS3NNYC) (FED WIRE : 026005092) (CHIPS ABA
: 0509) FOR THE CREDIT OF USD ACCOUNT NUMBER :: 2000191075450 OF VIJAYA BANK, BANGALORE, INDIA AND
ADVISE THEM TO SEND A SWIFT MT-103 (CUSTOMER TRANSFER) TO VIJAYA BANK, INTERNATIONAL BANKING
DIVISION, HEAD OFFICE, BANGALORE, INDIA (SWIFT ADDRESS :VIJBINBBIBD) FOR FINAL CREDIT TO
_______________(YOUR ACCOUNT NUMBER) OF ……………………… AT (YOUR NAME) WITH VIJAYA BANK ……….. (NAME OF
THE VIJAYA BANK BRANCH WHERE YOUR ACCOUNT IS MAINTAINED) BRANCH , INDIA ".
OR
"PAY USD _________________ TO AMERICAN EXPRESS BANK
LTD., 3 WORLD FINANCIAL CENTRE, NEW YORK NY 10285 (ABA NO 124071889) (SWIFT ADDRESS::AEIBUS33NYK)
FOR THE CREDIT OF USD ACCOUNT NO.00258244 OF VIJAYA BANK, BANGALORE INDIA, AND ADVISE THEM TO
SEND A SWIFT MT-103 (CUSTOMER TRANSFER) TO VIJAYA BANK, INTERNATIONAL BANKING DIVISION, HEAD
OFFICE,BANGALORE, INDIA SWIFT ADDRESS :VIJBINBBIBD) FOR FINAL CREDIT TO _______________(YOUR
ACCOUNT NUMBER) OF ……………………… AT (YOUR NAME) WITH VIJAYA BANK ……….. (NAME OF THE VIJAYA BANK BRANCH
WHERE YOUR ACCOUNT IS MAINTAINED) BRANCH , INDIA ".
* On receipt of the SWIFT message, the foreign currency will be converted into rupees at
the rate ruling on the date of conversion and the proceeds will be credited to your account in a
day or two.
* The same procedure may be adopted for remitting funds in
other currencies through the respective NOSTRO account, in the respective country, the details
regarding account No. , Country, Currency and addresses can be obtained at our web site under "
Forex - "Remittances"
* It will be advisable to open a NRE SB account in India before effecting
remittances into India.
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