Sending Money to IDFC First Bank in India
How to send USD directly to IDFC First Bank accounts in India. Transfer times, IFSC codes, limits, and how Root delivers INR to any IDFC First Bank branch.
This guide is for NRIs in the USA sending money to loved ones with IDFC First Bank accounts in India. Root makes it easy to transfer USD and have INR deposited directly into any IDFC First Bank branch nationwide. We cover transfer steps, key requirements like IFSC codes, tax implications, and what to expect in delivery time and costs. Whether it's for family support, bill payments, or savings, this guide ensures a smooth remittance experience.
IDFC First Bank is a growing private sector bank in India, known for its digital-first approach and strong customer service, making it increasingly popular among younger NRIs for family remittances. Root currently supports transfers to NRO, savings, and current accounts at IDFC First Bank. NRE account support is coming soon, so check for updates if sending to an NRE-linked IDFC First Bank account.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to IDFC First Bank
Account Types
NRO, Savings, Current accounts at IDFC First Bank
IFSC Required
Yes — 11-character code for recipient's branch
How to Send — Step by Step
Sign Up with Root
Download the Root app or visit the website and create your account using your US ID and proof of NRI status.
Pro tip: Verification typically takes under 24 hours.
Start a New Transfer
Enter the amount in USD you'd like to send to your recipient's IDFC First Bank account.
Pro tip: Root will show you the estimated INR amount using the current interbank rate.
Enter Recipient’s Bank Details
Provide your recipient’s full name, IDFC First Bank account number, and 11-character IFSC code.
Pro tip: Double-check the IFSC code — even one wrong character can delay or misroute the transfer.
Confirm IFSC Code
Visit the IDFC First Bank website or ask your recipient to verify the IFSC code for their branch. It starts with 'IDFB'.
Pro tip: Example: IDFB0080366 — always confirm with the recipient directly.
Review & Lock Exchange Rate
Review the total USD amount, INR to be credited, transfer time, and zero fees before confirming.
Pro tip: Exchange rates fluctuate — lock it in when favorable.
Complete Transfer
Confirm the transaction. Root initiates the transfer, and INR is credited to the IDFC First Bank account in 1-4 business days.
Pro tip: Track your transfer in real-time via the Root app.
Send Money to IDFC First Bank with Root
Zero fees, interbank rate. INR credited directly to any IDFC First Bank account.
Send with RootFrequently Asked Questions
Can I send money from the USA to any IDFC First Bank branch in India?
Yes, Root can deliver INR to over 450 IDFC First Bank branches across India as long as you provide the correct 11-digit IFSC code for the recipient's branch.
How long does it take for money to reach an IDFC First Bank account?
Transfers via Root typically take 1-4 business days to be credited to an IDFC First Bank account, with 85% of transfers completed within 2 days.
Does IDFC First Bank require PAN for large transfers?
Yes, for transfers exceeding ₹500,000 in a financial year, IDFC First Bank may require the recipient’s PAN for compliance with Indian tax rules.
What happens if I enter the wrong IFSC code for an IDFC First Bank account?
If the IFSC code is incorrect, the transfer may be rejected or delayed by up to 5 business days while the bank processes the return, and funds could take 7–10 days to be refunded.
Is TCS applied when sending over ₹7,00,000 to India?
Yes, 5% TCS is collected by Indian banks on remittances exceeding ₹7,00,000 in a financial year under LRS — this applies even if the sender is an NRI using Root.