Cross border payments both inward and outward are subject to regulatory guidelines and require banks in India to validate the underlying transaction permissibility.

Non discrepant payment instructions received before the cut-off time and the funds being credited to our NOSTRO, post regulatory validations will be credited on the same day.

However, for currencies that are less commonly traded, the telegraphic transfers may take a few working days. Other factors that may impact when you receive the funds include the country it was sent from, the time sent and the agent bank used.

Your remitting party will require the following information from you:

1) Beneficiary name: Your company name as registered with DBS
2) Beneficiary account number: The account number in which you would like to receive the funds
3) Bank Name: DBS Bank Ltd., Mumbai Branch
4) DBS SWIFT Bank Identifier Code (BIC): DBSSINBB

Yes. DBS Bank India can successfully settle payments to and from countries where we do not have our presence through our network bank partners.

You are not required to provide an IBAN number for payments to your DBS account, as this is usually required for payments to Europe. Simply provide the information specified above.
 

We’ll send you an email or SMS alert via IDEAL™ eReports when the funds have been credited to your account. Alternatively, you can check your transaction history online to see if the money has been credited.