TMB Inward Remittance Services

A trusted and compliant way to receive international payments into your TMB account

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Transfer funds to universities, hospitals, suppliers, and individuals worldwide

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Processed through SWIFT with RBI-compliant verification

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Education, travel, medical expenses, maintenance, investments (as permitted), and business payments

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Clear fee structure with competitive forex conversion rates

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Overview

TMB’s Inward Remittance service provides customers with a reliable and secure channel to receive money from overseas. Whether it is family maintenance, education, medical expenses, or business receipts

 
Product Highlights

The inward remittance facility offers a simple and convenient way for individuals and businesses to receive funds from abroad. Customers benefit from competitive exchange rates, prompt credit to bank accounts, and support across various remittance purposes

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Features and Benefits

Customers enjoy fast turnaround times, guided documentation support, and secure fund transfers backed by RBI-approved channels. The service helps recipients receive funds directly without the need for cash handling or intermediary processes

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Eligibility

The inward remittance facility is available to all resident individuals, NRIs, and businesses holding valid TMB accounts. Remitters abroad must use RBI-approved international money transfer operators or correspondent banks partnered with TMB

SWIFT format for Inward Remittance

Transfer funds to India easily through our global network of correspondent banks using SWIFT instructions.

Inward Remittance Table

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Field No. arrow_downwardDescription arrow_downward
50Ordering Customer
52aOrdering Institution
53a / 53dSender's Correspondent Bank
54a / 54dReceiver's Correspondent Bank
57a / 57dAccount with Receiver's Correspondent Bank
58Beneficiary Account No.
59Beneficiary Account Name
70Details of Payment
72Sender 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.



Inward Remittance Sample Format

Use the following SWIFT format for seamless inward remittance transfers.

Inward Remittance Sample

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Remittance Type arrow_downwardCurrent Rate (%) arrow_downward
50Mr. XYZ, Sanfrancisco, USA
52aBank Of New York, Sanfrancisco, USA
53a / 53dIRVTUS3N (Swift Code) for Bank Of New York, New York
54a / 54dPNBPUS3NNYC (Swift Code) for Wells Fargo Bank NA, New York
57a / 57dTMBLINBB (Swift Code) for Tamilnad Mercantile Bank Ltd, International Banking Division, Chennai, India.
58/400286 (Account No. of Mr. B, Nagerkoil)
59Mr. B, Nagerkoil
70Advance Remittance / Gift / Donation As The Case May Be.
72Being 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[at]tmbank[dot]in

Frequently Asked Questions

Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account

Inward remittance refers to receipt of funds from abroad into India.

Inward remittance refers to receipt of funds from abroad into India.
Individuals businesses and entities with eligible accounts can receive inward remittances.

Individuals businesses and entities with eligible accounts can receive inward remittances.
Funds are credited to the beneficiary account after necessary compliance checks.

Funds are credited to the beneficiary account after necessary compliance checks.
Conversion charges apply as per prevailing forex rates and policy.

Conversion charges apply as per prevailing forex rates and policy.
Documentation may be required depending on remittance nature and regulations.

Documentation may be required depending on remittance nature and regulations.
Inward remittance refers to receipt of funds from abroad into India.

Inward remittance refers to receipt of funds from abroad into India.
Individuals businesses and entities with eligible accounts can receive inward remittances.

Individuals businesses and entities with eligible accounts can receive inward remittances.
Funds are credited to the beneficiary account after necessary compliance checks.

Funds are credited to the beneficiary account after necessary compliance checks.
Conversion charges apply as per prevailing forex rates and policy.

Conversion charges apply as per prevailing forex rates and policy.
Documentation may be required depending on remittance nature and regulations.

Documentation may be required depending on remittance nature and regulations.