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Currency Exchange Rate For New York Branch and San Francisco Agency
Updated on 2017-12-15 at 09:00 
CurrencyValue (INR)
Upto $ 5,00063.70
Over $ 5,000 and upto $ 25,00063.75
Over $ 25,000 and Upto $ 100,00063.80
Above $ 100,000Pls Call 212 223 1160 (Dealing Room)
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Remittance
 
Currency

Currency

Details

INR

Through our Mumbai Treasury Branch

Yen

Through our Tokyo Branch

GBP

Through our London Branch

EURO

Through our Paris Branch

SGD

Through our Singapore Branch

USD

To any bank across the globe through their correspondent bank

Features No fee/charges/commission for rupee remittances to our branches in India, irrespective of the amount.

Conversion from USD to INR is at Card Rate determined on a daily basis.

 

Charges

Remittance in INR to a beneficiary in India

a. Bank of India branches - NIL

b. Other banks – USD 25.00

Remittance to beneficiary in other countries, irrespective of amount or currency (other than INR) – USD 30.00

Remittance within USA – USD 30.00

Requirements

We process wire transfers only for our customers who have account in our New York Branch.

Information required – Beneficiary’s Name, Address, Account Number and Bank details.

For wire transfer to other banks in India (except BOI) 11 digit IFS Code is required.

For wire transfer to other banks across the globe, IBAN or BIC is required.

How long does it take for the amount to be credited Normally, the funds are credited to the beneficiary within two business days. It may take longer depending on the foreign country’s practices.
International Wire Transfers through your bankers to any Bank of India branch

Provide the following information to your bank

Intermediary Institution – Bank of India, New York Branch, BIC - BKIDUS33 or ABA Routing Number – 026005458

Account with Institution – SWIFT Code of the branch where you maintain account (in case of Indian branches – the nearest AD branch)

Beneficiary Customer – 15 digit Account Number, Name, Address, Parent Branch

Remittance Information – Purpose of Remittance

Links

Application Form for wire transfers in USD

Demand Drafts Bank of India – New York Branch has discontinued issuing Demand Drafts.
In case you need more information, contact

Remittance Department

646-720-0407 / 646-720-0421

Or Vice President (Operations) at 646-720-0392

For remittance above USD 100,000.00 please contact our dealing room for finer rates

646-720-0394 / 646-720-0403

 
 
 
 
 
 
 
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