Wire transfer is one of the easiest offline ways for sending remittance to India


  1. Funds get transferred quickly to the beneficiary account within 24 to 48 hours.
  2. Wire transfer is accepted in 10 currencies in Saraswat Bank

Steps to be followed:

  1. Initiate a wire transfer with your local bank.
  2. Ensure that the following details are mentioned in the wire transfer instructions (MT103 SWIFT message format) to your local bank.

Field Number Field Description Details to be entered
50 F Remitter details Account number, name and address of remitter with local Bank
54 A Receiver's correspondent i.e. correspondent bank details of Saraswat Bank  Click here 1. Account number of Saraswat Bank with its correspondent bank.
2. SWIFT code of correspondent bank.
3. Name and address of correspondent bank.
57 A Account with institution i.e. details of beneficiary’s bank 1. SWIFT code of Saraswat Bank (SRCBINBB_ _ _)
2. Choose SWIFT code of Forex Centre near to the Beneficiary Click here
59 Details of the Beneficiary 1. Beneficiary’s account number with Saraswat Bank.
2. Beneficiary’s account name and address with Saraswat Bank.
70 Purpose of Remittance State purpose of transfer. (Specify if meant for ‘FCNR New Deposit’).

Movement of funds under inward remittance through wire transfer (SWIFT System):