SWIFT

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&APOS;s account or open a Rupee account i.e., NRO/NRE or a FCNR (B) Deposit as required.

For transferring Funds from foreign country through our Nostro Accounts with the Correspondent Banks listed below, the remitter is required to approach their banker with the following details:

1) 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)

2) 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.

3) Beneficiary Name, Canara Bank A/c No. & Branch.

4) 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)

Features and Benefits:

· 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	CURRENCY/AMOUNT	Amount and the currency in which the remittance is to be received
F50	ORIGINATOR	Sender’s details will be filled in by the Sender Bank
F56A	INTERMEDIARY INSTITUTION*	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- SWIFT Code-
F57A	ACCOUNT WITH INSTITUTION	CANARA BANK INTEGRATED TREASURY WING MUMBAI, INDIA SWIFT : CNRBINBBBFD
F59	BENEFICIARY	The following details of the Beneficiary may be provided- Account Number#- 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’) Name- Address- 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.

Annexure-I

A. USD –

S.No	Name of the Correspondent Bank	SWIFT Code
1	JP MORGAN CHASE BANK, NEW YORK	CHASUS33
2	BANK OF AMERICA, NEW YORK	BOFAUS3N
3	CITIBANK, NEW YORK	CITIUS33
4	WELLS FARGO BANK NA	PNBPUS3NNYC
5	THE BANK OF NEW YORK MELLON	IRVTUS3N
6	STANDARD CHARTERED BANK, NEW YORK	SCBLUS33

B. EUR –

S.No	Name of the Correspondent Bank	SWIFT Code
1	COMMERZBANK, FRANKFURT	COBADEFF
2	STANDARD CHARTERED BANK, FRANKFURT	SCBLDEFX
3	BARCLAYS BANK IRELAND PLC, FRANKFURT	BARCDEFF
4	HSBC CONTINENTAL EUROPE, FRANCE	CCFRFRPP

C. GBP-

S.No	Name of the Correspondent Bank	SWIFT Code
1	CANARA BANK, LONDON	CNRBGB2L
2	BARCLAYS BANK, LONDON	BARCGB22
3	HSBC BANK PLC, LONDON	MIDLGB22

D. CHF –

S.No	Name of the Correspondent Bank	SWIFT Code
1	ZURCHER KANTONALBANK, ZURICH	ZKBKCHZZ80A

E. CAD –

S.No	Name of the Correspondent Bank	SWIFT Code
1	BANK OF MONTREAL, MONTREAL	BOFMCAM2

F. SEK –

S.No

Name of the Correspondent Bank

SWIFT Code

SKANDINAVISKA ENSKILDA BANKEN,

STOCKHOLM

ESSESESS

G. AUD

S.No	Name of the Correspondent Bank	SWIFT Code
1	ANZ BANKING GROUP, MELBOURNE	ANZBAU3M

H. SGD

S.No	Name of the Correspondent Bank	SWIFT Code
1	OCBC, SINGAPORE	OCBCSGSG

I. JPY

S.No	Name of the Correspondent Bank	SWIFT Code
1	BANK OF AMERICA, TOKYO	BOFAJPJX
2	SMBC, JAPAN	SMBCJPJT

J. AED

S.No	Name of the Correspondent Bank	SWIFT Code
1	MASHREQ BANK PSC, DUBAI	BOMLAEAD

K. HKD

S.No	Name of the Correspondent Bank	SWIFT Code
1	STANDARD CHARTERED BANK, HONG KONG	SCBLHKHH

List of our Correspondent Banks

SR NO	CURRENCY	Account maintained with	Account Number	SWIFT Code
1	USD	J P MORGAN CHASE NEW YORK	001 1 395969	CHASUS33
2	USD	BANK OF AMERICA, NEW YORK	6550791917	BOFAUS3N
3	USD	CITIBANK, NEW YORK	36053796	CITIUS33
4	USD	WELLS FARGO BANK N.A.	2000193007934	PNBPUS3NNYC
5	USD	THE BANK OF NEW YORK MELLON, NEW YORK	8900033355	IRVTUS3N
6	USD	STANDARD CHARTERED BANK, NEW YORK	3582050114001	SCBLUS33
7	EUR	COMMERZBANK, FRANKFURT	400875020001	COBADEFF
8	EUR	STANDARD CHARTERED BANK, FRANKFURT	500057705	SCBLDEFX
9	EUR	BARCLAYS BANK IRELAND Plc, FRANKFURT, GERMANY	DE0210162100	BARCDEFF
10	EUR	HSBC CONTINENTAL EUROPE, FRANCE	300560082908290000041	CCFRFRPP
11	GBP	CANARA BANK, LONDON	0001120001001	CNRBGB2L
12	GBP	BARCLAYS BANK, LONDON, UK	03879453	BARCGB22
13	GBP	HSBC BANK PLC	00262731	MIDLGB22
14	CHF	ZURCHER KANTONALBANK, ZURICH	CH8600700070001456393	ZKBKCHZZ80A
15	CAD	BANK OF MONTREAL, MONTREAL	31691035502	BOFMCAM2
16	SEK	SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM	52018528297	ESSESESS
17	AUD	ANZ BANKING GROUP MELBOURNE	212894/00001	ANZBAU3M
18	SGD	OCBC, SINGAPORE	501071575001	OCBCSGSG
19	JPY	BANK OF AMERICA, TOKYO	606418411019	BOFAJPJX
20	JPY	SUMITOMO MITSUI BANKING CORPORATION (SMBC), JAPAN	5398	SMBCJPJT
21	AED	MASHREQ BANK PSC, DUBAI	019030000133	BOMLAEAD
22	HKD	STANDARD CHARTERED BANK HONG KONG	44709401232	SCBLHKHH

List of Purpose Codes

(Receipt Purposes)

Gr. No.	Purpose Group Name	Purpose Code	Description
00	Capital Account	P0017	Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., land acquired by government, use of natural resources) – Government
		P0019	Receipts on account of Sale of non-produced non-financial assets (Sale of intangible assets like patents, copyrights, trademarks etc., use of natural resources) – Non-Government
		P0028	Capital transfer receipts (Guarantee payments, Investment Grant given by the government/international organisation, exceptionally large Non-life insurance claims including claims arising out of natural calamity) - Government
		P0029	Capital transfer receipts (Guarantee payments, Investment Grant given by the Non-government, exceptionally large Non-life insurance claims including claims arising out of natural calamity) – Non-Government
		P0099	Other capital receipts not included elsewhere
	Financial Account
	Foreign Direct Investment	P0003	Repatriation of Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in equity shares
		P0004	Repatriation Indian Direct investment abroad (by branches & wholly owned subsidiaries and associates) in debt instruments
		P0005	Repatriation of Indian investment abroad in real estate
		P0006	Foreign Direct Investment made by overseas Investors in India in equity shares
		P0007	Foreign Direct Investment made by overseas Investors in India in debt instruments.
		P0008	Foreign Direct Investment made by overseas Investors in India in real estate
	Foreign Portfolio Investment	P0001	Repatriation of Indian Portfolio investment abroad in equity capital (shares)
		P0002	Repatriation of Indian Portfolio investment abroad in debt instruments.
		P0009	Foreign Portfolio Investment made by overseas Investors in India in equity shares
		P0010	Foreign Portfolio Investment made by overseas Investors in India in debt Instruments.
	External Commercial Borrowings	P0011	Repayment of loans extended to Non-Residents
	External Commercial Borrowings	P0012	Long & medium term loans, with original maturity of above oneyear, from Non-Residents to India (External Commercial Borrowings)
	Short term credits	P0013	Short term loans with original maturity upto one year from Non- Residents to India (Short-term TradeCredit)
	Banking Capital	P0014	Receipts o/a Non-Resident depositsFCNR(B)/NR(E)RA, etc.) {ADs should report these even if funds are not “swapped” into Rupees}
		P0015	Loans & overdrafts taken by ADs on their own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported)
		P0016	Purchase of a foreign currency against another currency.
	Financial Derivatives and Others	P0020	Receipts on account of margin payments, premium payment and settlement amount etc. under Financial derivative transactions
		P0021	Receipts on account of sale of share under Employee stock option
		P0022	Receipts on account of other investment in ADRs/GDRs
	External Assistance	P0024	External Assistance received by India e.g. Multilateral and bilateral loans received by Govt. of India under agreements with other govt. / international institutions.
	External Assistance	P0025	Repayments received on account of External Assistance extendedby India
01	Exports (of Goods)	P0101	Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) – Other than Nepal and Bhutan
		P0102	Realisation of export bills (in respect of goods) sent on collection (full invoice value) – Other than Nepal and Bhutan
		P0103	Advance receipts against export contracts, which will be coveredlater by GR/PP/SOFTEX/SDF – other than Nepal and Bhutan
		P0104	Receipts against export of goods not covered by the GR /PP/SOFTEX /EC copy of shipping bill etc. (under Intermediary/transit trade, i.e., third country export passing through India
		P0105	Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan
		P0107	Realisation of NPD export bills (full value of bill to be reported) – other than Nepal and Bhutan
		P0108	Goods sold under merchanting / Receipt against export leg of merchanting trade
		P0109	Export realisation on account of exports to Nepal and Bhutan, if any
02	Transport	P0201	Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
		P0202	Receipts on account of operating expenses of Foreign shipping companies operating in India
		P0205	Receipts on account of operational leasing (with crew) – Shipping companies
		P0207	Receipts of surplus freight/passenger fare by Indian Airlines companies operating abroad.
		P0208	Receipt on account of operating expenses of Foreign Airlines companies operating in India
		P0211	Receipt on account of operational leasing (with crew) – Airlines companies
		P0214	Receipts on account of other transportation services (stevedoring,demurrage, port handling charges etc).(Shipping Companies)
		P0215	Receipts on account of other transportation services (stevedoring, demurrage, port handling charges etc).( Airlines companies)
		P0216	Receipts of freight fare -Shipping companies operating abroad
		P0217	Receipts of passenger fare by Indian Shipping companies operating abroad
		P0218	Other receipts by Shipping companies
		P0219	Receipts of freight fare by Indian Airlines companies operating abroad
		P0220	Receipts of passenger fare –Airlines
		P0221	Other receipts by Airlines companies
		P0222	Receipts on account of freights under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others)
		P0223	Receipts on account of passenger fare under other modes of transport (Internal Waterways, Roadways, Railways, Pipeline transports and Others)
		P0224	Postal & Courier services by Air
		P0225	Postal & Courier services by Sea
		P0226	Postal & Courier services by others
03	Travel	P0301	Purchases towards travel (Includes purchases of foreign TCs, currency notes etc over the counter, by hotels, Emporiums, institutions etc. as well as amount received by TT/SWIFT transfers or debit to Non-Resident account).
		P0302	Business travel
		P0304	Travel for medical treatment including TCs purchased by hospitals
		P0305	Travel for education including TCs purchased by educational institutions
		P0306	Other travel receipts
		P0308	Foreign Currencies/TCs surrendered by returning Indian tourists.
05	Construction Services	P0501	Receipts on account of services relating to cost of construction of projects in India
05	Construction Services	P0502	Receipts on account of construction works carried out abroad by Indian Companies
06	Insurance and Pension Services	P0601	Life Insurance premium except term insurance
		P0602	Freight insurance – relating to import & export of goods
		P0603	Other general insurance premium including reinsurance premium; and term life insurance premium
		P0605	Auxiliary services including commission on insurance
		P0607	Insurance claim Settlement of non-life insurance; and life insurance (only term insurance)
		P0608	Life insurance claim settlements (excluding term insurance) received by residents in India
		P0609	Standardised guarantee services
		P0610	Premium for pension funds
		P0611	Periodic pension entitlements e.g. monthly quarterly or yearly payments of pension amounts by Indian Pension Fund Companies.
		P0612	Invoking of standardised guarantees
07	Financial Services	P0701	Financial intermediation except investment banking – Bank charges, collection charges, LC charges, etc.
		P0702	Investment banking – brokerage, under writing commission etc.
		P0703	Auxiliary services – charges on operation & regulatory fees, custodial services, depository services etc.
08	Telecommunication, Computer & Information Services	P0801	Hardware consultancy/implementation
		P0802	Software consultancy/implementation (other than those covered in SOFTEX form)
		P0803	Data base, data processing charges
		P0804	Repair and maintenance of computer and software
		P0805	News agency services
		P0806	Other information services- Subscription to newspapers, periodicals, etc.
		P0807	Off-site Software Exports
		P0808	Telecommunication services including electronic mail services and voice mail services
		P0809	Satellite services including space shuttle and rockets, etc.
09	Charges for the use of intellectual property n.i.e	P0901	Franchises services
09	Charges for the use of intellectual property n.i.e	P0902	Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films), patents, copyrights, trademarks, industrial processes, franchises etc.
10	Other Business Services	P1002	Trade related services – commission on exports / imports
		P1003	Operational leasing services (other than financial leasing) without operating crew, including charter hire- Airlines companies
		P1004	Legal services
		P1005	Accounting, auditing, book keeping services
		P1006	Business and management consultancy and public relations services
		P1007	Advertising, trade fair service
		P1008	Research & Development services
		P1009	Architectural services
		P1010	Agricultural services like protection against insects & disease, increasing of harvest yields, forestry services.
		P1011	Inward remittance for maintenance of offices in India
		P1013	Environmental Services
		P1014	Engineering Services
		P1015	Tax consulting services
		P1016	Market research and public opinion polling service
		P1017	Publishing and printing services
		P1018	Mining services like on–site processing services analysis of ores etc.
		P1019	Commission agent services
		P1020	Wholesale and retailing trade services.
		P1021	Operational leasing services (other thanfinancial leasing) without operating crew, includingcharter hire- Shipping companies
		P1022	Other Technical Services including scientific/space services.
		P1099	Other services not included elsewhere
11	Personal, Cultural & Recreational services	P1101	Audio-visual and related services like Motion picture and video tape production, distribution and projection services.
		P1103	Radio and television production, distribution and transmission services
		P1104	Entertainment services
		P1105	Museums, library and archival services
		P1106	Recreation and sporting activity services
		P1107	Educational services (e.g. fees received for correspondence courses offered to non-resident by Indian institutions)
		P1108	Health Service (Receipts on account of services provided by Indian hospitals, doctors, nurses, paramedical and similar services etc. rendered remotely or on-site)
		P1109	Other Personal, Cultural & Recreational services
12	Govt. not included elsewhere (G.n.i.e.)	P1201	Maintenance of foreign embassies in India
12	Govt. not included elsewhere (G.n.i.e.)	P1203	Maintenance of international institutions such as offices of IMF mission, World Bank, UNICEF etc. in India.
13	Secondary Income	P1301	Inward remittance from Indian non-residents towards family maintenance and savings
		P1302	Personal gifts and donations
		P1303	Donations to religious and charitable institutions in India
		P1304	Grants and donations to governments and charitable institutions established by the governments
		P1306	Receipts / Refund of taxes
		P1307	Receipts on account of migrant transfers including Personal Effects
14	Primary Income	P1401	Compensation of employees
		P1403	Inward remittance towards interest on loans extended to non- residents (ST/MT/LT loans)
		P1405	Inward remittance towards interest receipts of ADs on their own account (on investments.)
		P1408	Inward remittance of profit by branches of Indian FDI Enterprises (including bank branches) operating abroad.
		P1409	Inward remittance of dividends (on equity and investment fund shares) by Indian FDI Enterprises, other than branches, operating abroad
		P1410	Inward remittance on account of interest payment by Indian FDI enterprises operating abroad to their Parent company in India.
		P1411	Inward remittance of interest income on account of Portfolio Investment made abroad by India
		P1412	Inward remittance of dividends on account of Portfolio Investment made abroad by India on equity and investment fund shares
		P1499	Other income receipts
15	Others	P1501	Refunds / rebates on account of imports
		P1502	Reversal of wrong entries, refunds of amount remitted for non- imports
		P1503	Remittances (receipts) by residents under international bidding process.
		P1505	Deemed Exports (exports between SEZ, EPZs and Domestic Tariff Areas)
16	Maintenance and repair services n.i.e	P1601	Receipts on account of maintenance and repair services rendered for Vessels, Ships, Boats, Warships, etc.
16	Maintenance and repair services n.i.e	P1602	Receipts of maintenance and repair services rendered for aircrafts, Space shuttles, Rockets, military aircrafts, etc.
17	Manufacturing services	P1701	Receipts on account of processing of goods

Details of Banks Maintaining INR Account with our Bank

REMITTANCE FACILITIES IN INR

S.No	Bank	Country
1	Al Salam Bank Bahrain BSC	Bahrain
2	National Bank of Bahrain BSC	Bahrain
3	Commerzbank AG	Germany
4	Industrial Bank of Kuwait	Kuwait
5	Kuwait Finance House	Kuwait
6	National Bank of Oman	Oman
7	Al Rajhi Bank	Saudi Arabia
8	Arab National Bank
9	Bank Al Bilad
10	The National Bank of Ras Al Khaimah (RAK Bank)	UAE
11	United Arab Bank
12	United Bank Limited
13	Canara Bank London	UK
14	HBL Bank UK Limited	UK
15	Habib Bank Zurich Hong Kong Limited	Hong Kong