TMB Nostro Remittance Account

Trusted correspondent banking channels that simplify global fund transfers and foreign currency settlements

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Multi-currency Nostro accounts with reputed global banks

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Faster settlement for export, import and foreign remittances

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Secure SWIFT-based transmission for all international transfers

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Clarity and transparency in routing instructions

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Overview

TMB’s Nostro Remittance Accounts provide a secure and efficient mechanism for handling international financial transactions. Through partnerships with globally recognized correspondent banks

 
Product Highlights

Businesses and individuals benefit from predictable routing, faster settlement windows and access to multiple global currencies. Nostro arrangements help reduce delays in receiving or sending funds, particularly for trade-related transactions

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Features and Benefits

Customers gain clear remittance routing instructions, improved turnaround times and reduced dependency on intermediary bank negotiations. These accounts enhance the efficiency of international banking by providing direct settlement channels in major currencies such as USD, EUR, GBP and others

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Eligibility

Nostro remittance services are available to individuals, traders, exporters, importers, corporates and entities engaged in foreign currency transactions



Nostro routing details

Use the following correspondent bank details for receiving foreign currency 
payments into your TMB account

Bank Name and Address arrow_downwardCurrency arrow_downwardAccount No. arrow_downwardSwift Code arrow_downward
Wells Fargo Bank, N.A.,
11 Penn Plaza, 4th Floor, New York NY 10001, ABA 026005092		USD2000193008674PNBPUS3NNYC
Standard Chartered Bank,
One Madison Avenue, New York, NY 10010-3603 U.S.A.		USD3582 089935 001SCBLUS33
Standard Chartered Bank,
1 Basinghall Avenue, London EC2V 5DD, U.K., IBAN GB12 SCBL 6091 0412 7040 21, Sort Code: 609104		GBP0001270402101SCBLGB2L
Standard Chartered Bank, TokyoYEN23774541110SCBLJPJTXXX
COMMERZ BANK 
FRANKFURT,GERMANY		CHF400875030900CHFCOBADEFFXXX 
 
Standard Chartered Bank, London,
(IBAN : GB05SCBL60910412722577), Intermediary Bank: Royal Bank of Canada (BIC : ROYCCAT2)		CAD01272257758SCBLGB2L
Standard Chartered Bank (Singapore) Ltd,
8 Marina Boulevard, # 27-01 Marina Bay Financial Centre, Singapore 018981.		SGD0106343548SCBLSG22
Commercial Bank of Dubai, Al Ittihad Street, Dubai, United Arab EmiratesAEDAE220230000001001461068CBDUAEAD
STATE BANK OF INDIA 
SYDNEY, AUSTRALIA		AUD30113101620001SBINAU2SXXX
BSB CODE:949000
Standard Chartered Bank AG, Frankfurt, GermanyEURO500800607 \ IBAN : DE22512305000500800607SCBLDEFX

Our tie up with above listed correspondent banks is subject to change without notice. Please confirm the same with our IBD Chennai office before effecting any inward / outward remittances.

Note: We are linked through Electronic Banking with these centers. Your credit to any of these NOSTRO accounts will be viewed by us through electronic media on the next day and applied to beneficiaries on the very next day itself.


International Correspondent Banks

Nostro correspondent banks details for remittances

TMB has a tie up with the following correspondent banks for inward and outward remittances. Through these banks, funds can be transferred from / to any account anywhere globally to / from your account with us.

Frequently Asked Questions

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

It is an account maintained by the bank with foreign correspondent banks in foreign currency.

It is an account maintained by the bank with foreign correspondent banks in foreign currency.
It facilitates international settlements and foreign currency transactions.

It facilitates international settlements and foreign currency transactions.
Authorised branches and eligible customers use services routed through Nostro accounts.

Authorised branches and eligible customers use services routed through Nostro accounts.
Yes operations are governed by RBI and international banking norms.

Yes operations are governed by RBI and international banking norms.
Nostro accounts may be maintained in permitted foreign currencies.

Nostro accounts may be maintained in permitted foreign currencies.
It is an account maintained by the bank with foreign correspondent banks in foreign currency.

It is an account maintained by the bank with foreign correspondent banks in foreign currency.
It facilitates international settlements and foreign currency transactions.

It facilitates international settlements and foreign currency transactions.
Authorised branches and eligible customers use services routed through Nostro accounts.

Authorised branches and eligible customers use services routed through Nostro accounts.
Yes operations are governed by RBI and international banking norms.

Yes operations are governed by RBI and international banking norms.
Nostro accounts may be maintained in permitted foreign currencies.

Nostro accounts may be maintained in permitted foreign currencies.