Personal Finance Money transfer

Standard Chartered Bank India International Money Transfer: How-to, Fees, Alternatives

Aditya Shrivastava

31.07.23 (updated more than 1 year ago)

Read time 1 minute

The global bank, Standard Chartered, has been operating in India for over 165 years. With a long history of helping transfer money in and out of India. Read on to learn more about what to expect when sending international transfers with Standard Chartered in India.

Already a Standard Chartered customer? You don’t need to leave your app to benefit from Wise. Standard Chartered has partnered with Wise Platform to integrate global payments infrastructure directly into its services. That means that Standard Chartered customers can access international payment capabilities within their banking experience.

Visit the official Standard Chartered page for the latest fees, benefits, and eligibility requirements.

And, because Standard Chartered has partnered with Wise Platform for multi-currency payments, when you use Standard Chartered services, you may be able to access international payment features powered by Wise.

Sending money abroad from India with Standard Chartered

Standard Chartered Bank offers Global Wire Transfers services to facilitate outward remittances from India. Account holders can send a transfer through the bank’s online portal or by visiting the nearest branch of Standard Chartered Bank to initiate the transfer in person. The recipient’s bank account abroad can be credited within 1 or 2 working days.¹

For Saving Accounts in India, Standard Chartered charges a fee of INR 250 to transfer funds internationally.³ Additionally, you'll also need to cover the additional fees charged by the corresponding foreign banks.

Receiving money in India from abroad with Standard Chartered

Account holders of Standard Chartered Bank in India can receive International Wire Transfers through SWIFT - a network used by banks worldwide to transfer payments to each other. Standard Chartered facilitates inward remittances to India through its global network of bank branches and correspondent banks, and money is credited to the account in India within 2 working days.²

The SWIFT Code of Standard Chartered Bank in India is SCBLINBBXXX.

Currency-wise Wire Transfer Instructions to send money to your Standard Chartered bank account in India 👉

When setting up the SWIFT transfer from abroad, make sure to mention the purpose code indicating the reason for the transfer to India.

For Saving Accounts in India, Standard Chartered charges a fee of INR 250 to receive remittances from abroad.³ You'll also need to account for any charges from the sender's bank for initiating an international wire transfer to India.

Forex Rates for Standard Chartered in India

You can see the rate at which Standard Chartered converts incoming transfers to INR from the Forex card rates published by the bank.

Sources used for this article:

Sources verified on 24 July 2023.
Photo by Ben White on Unsplash.

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