IDFC FIRST Bank Launches RemitFIRST2India

IDFC FIRST Bank has announced the launch of RemitFIRST2India, an advanced digital remittance platform that enables Non-Resident Indians (NRIs) to send money to India quickly, securely, and at zero transfer fees. This initiative strengthens the bank’s position as a digitally forward and customer-first institution, catering to the global Indian diaspora with speed, transparency, and convenience.

Partnership with SingX for Seamless Transfers

The service has been launched in partnership with SingX, a leading remittance provider licensed by the Monetary Authority of Singapore.

• Fully compliant with international financial regulations.
• Currently supports money transfers from Singapore and Hong Kong.
• Plans to expand to other countries soon.
• Features live transaction tracking for real-time updates.

Key Features of RemitFIRST2India

The platform offers several benefits that make it stand out in the remittance space:

• Zero Transfer Fees – No processing or platform charges.
• Competitive, Guaranteed Forex Rates – Transparent pricing with no hidden markups.
• Seamless Digital Transfers – Fully paperless, fast transfers to any bank account in India.
• Welcome Benefits – Extra forex margin on the first three transfers for new users.

User-Friendly Access –

1. Existing NRI customers can use the IDFC FIRST Bank Mobile Banking App with no additional registration.
2. New customers can complete a one-step paperless onboarding via a dedicated web portal.

About IDFC FIRST Bank

IDFC FIRST Bank is a fast-growing private sector bank with a vision of building a world-class ethical, digital, and socially responsible bank.

• Customer Base: 35.5 million live customers.
• Deposit Base: ₹2,56,799 crore.
• Loans & Advances: ₹2,53,233 crore.
• Branch Network: 1,016 branches across 60,000+ cities, towns, and villages in India.

The Bank’s Digital Excellence

• Mobile App Ratings: 4.9 on Google Play Store, 4.8 on App Store.
• Rated #1 in India and #4 globally by Forrester Digital Experience Review™ (Q4 2024).
• Technology built on cloud-native, microservices architecture, powered by AI and advanced analytics.

Commitment to Ethical and Social Good Banking

IDFC FIRST Bank operates on 7 Core Principles, which include:

• Ethical Banking: Transparent products, zero hidden charges, “ZERO FEE Banking” on all savings account services.
• Customer-Friendly Practices: Monthly interest credit on savings accounts, lifetime free credit cards, non-expiring rewards.
• Social Good Banking: 38 million customers financed, including 4.3 million women entrepreneurs, sanitation loans, vehicle loans, and SME loans.
• ESG Commitment: High ESG scores, focus on financial inclusion and responsible growth.

Why RemitFIRST2India Matters

The launch of RemitFIRST2India marks a significant step in:

• Making cross-border transfers cost-free and transparent.
• Providing NRIs a secure, digital-first platform with real-time tracking.
• Encouraging investment inflows into India alongside personal remittances.
• Supporting India’s image as a global financial hub for its diaspora.