Canara bank outward remittance form

REMITTANCE FACILITIES IN FOREIGN CURRENCY

Foreign Inward Remittance through SWIFT:

Resident Individuals, Firms & Companies can freely receive Foreign Inward Remittances through normal banking channels, either for settlement of their trade transactions or clean remittances towards savings/personal/investment purposes.

Non-Resident Indians can approach their Bank abroad with the details of remittance and ask them to remit the funds to us, through any of our below mentioned Correspondent Banks across the world, for credit to either their or their beneficiary's account or open a Rupee account i.e., NRO/NRE or a FCNR (B) Deposit as required.

• Correspondent Bank Name, Swift Code & our Nostro A/c number for the respective currency. (For Example: J P Morgan Chase, New York, CHASUS33 & 001 1 395969- for USD)
• Canara Bank’s Swift Code “CNRBINBBBFD”
  Please Note: There is no separate SWIFT code for our individual branches. The above-mentioned Canara Bank’s Swift code can be used for remitting funds to our branches anywhere in India.
• Beneficiary Name, Canara Bank A/c No. & Branch.
• Purpose of remittance:______________ (In absence of Valid Purpose Code, the bank reserves the right to put the remittance on hold and/or return the funds back to the remitter)

• Simple & Secured Way of remitting funds.
• Remittances upto USD 10,000 or equivalent processed immediately, unless otherwise specified.
• Inward Remittances is accepted in 11 currencies namely AED, AUD, CAD, CHF, EUR, GBP, HKD, JPY, SEK, SGD, USD.
• Convenient channel for creating FCNR deposits

SWIFT MT103 Transfer Format

Below are the details of the fields to be updated for MT103 inward remittance-

F32

Amount and the currency in which the remittance is to be received

F50

Sender’s details will be filled in by the Sender Bank

F56A

Based on the currency of the remittance, one of the Nostro accounts maintained by Canara in different currencies may be specified here. Details of the accounts are given in Annexure-I

Name of the Correspondent bank-

F57A

ACCOUNT WITH INSTITUTION

INTEGRATED TREASURY WING

F59

The following details of the Beneficiary may be provided-

For opening New FCNR Accounts- Mention Account Number as#-

FCNR (NRE/NRO Account No) or

(NRE/NRO Account No) FCNR

(i.e. beneficiary NRE/NRO Account Number with prefix/suffix ‘FCNR’)

Canara Bank branch Name -

F70/72

REMITTANCE INFO FIELD

Please mention Purpose of Remittance/Disposal Instruction and the Purpose Code:

1. Book FCNR deposit for a tenor of ___ (years) in ___ Currency (Currency Options- USD, GBP, EUR, CAD, AUD), or

2. Book INR NRE/NRO fixed deposit for ___ year(s) under, or

3. Credit INR to Savings Bank Account No ___

Purpose Code(Mandatory): _____

*Field 56A is an optional field. Even if no intermediary institution details are provided, the remittance will still be processed.

A. USD –

S.No

Name of the Correspondent Bank

SWIFT Code

JP MORGAN CHASE BANK, NEW YORK

BANK OF AMERICA, NEW YORK