| Home > Remittances |
Remittances |
|
SBI offers remittances to India through multiple channels. Our remittance products are customized to suit your needs. You can select the mode of remittance based on the time within which you need to remit to India.
For information on remittances from US, UK, Canada and Middle East use the right navigation links.
|
The following table lists the generic remittance options for other countries as well.
| Mode of Remittance |
Normal Time Taken |
| Instant Transfer |
Instantaneously |
| Online remittance |
1 to 5 days depending on the mode of online remittance chosen |
| Speed remittance |
Within 1 day |
| SWIFT |
1 to 3 days depending on the location of beneficiary branch |
| Draft / Cashier's Cheque / International MO |
7 days to 28 days |
| Foreign Currency Cheque |
7 days to 28 days |
|
|
More Information on Remittances:
Instant Transfer
Online Remittance( SBI Express Remit )
Speed Remittance (SBI Express)
SWIFT / Wire Transfer
Draft / Cashier's Cheques
Foreign Currency Cheques
|
Instant Transfer:
"Instant Transfer is a real time rupee remittance facility from SBI branches in 18* countries across the world to your / beneficiary’s account maintained with SBI in India at any of the over 6000 Core Banking Branches (Also available to over 4500 branches of Associate Banks through NEFT)."
*Australia, Bahrain, Belgium, Canada, China, France, Hongkong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa, Sri Lanka, UK and USA.
- By far the Fastest way to send remittance
- Attractive Exchange Rates and low remittance charges
- Facility also available to non-account holders (of our foreign branches) at certain centres
Charges for ‘Instant Transfer’ vary at different branches. Branches in some countries may offer the facility at concessional rates to their account holders. Please contact our branch in your Country to know the schedule of charges of ‘Instant Transfer’ for you.
|
Australia
|
Bahrain
Full Commercial Branch, Bahrain
Mr. Jose T. Johns - Manager (Operations & Services)
Mr. Raj Ignace Bara - Deputy Manager (System & Compliance)
Tel: +973–17530463 / 17531064
Email ID: sbifcb@batelco.com.bh
|
|
| Top |
Belgium
|
Canada - State Bank of India (Canada)
|
| Top |
China
|
France
Paris Branch
Mr. L.M. Tewari, Manager (Accounts & Remittances)
Tel: +33-1-53772305
Email ID: sbifrance@aol.com
|
|
Hong Kong
Hong Kong Branch
Mr. Samden Dorji Lama, AVP (Deposits & Remittances)
Tel: +852-25230022
Email ID: lama@sbihongkong.com
|
|
| Top |
Israel
Tel Aviv Branch
Mr. Arik Hybloom, Vice President (Operations)
Tel: +972-3-7565402
Email ID: arik.h@statebank.com
|
|
Japan
Tokyo Branch
Mr. K. Khamkhochinthang, Asst. Vice President (Remittance)
Tel: +81-3-32840198
Email ID: avprem.tokyo@statebank.com |
Osaka Branch
Mr.G. Surendra Nath, Vice President (Operations)
Tel: +81-6-62713695
Email ID: sbiosaka@gol.com |
|
Maldives
|
Mauritius
|
| Top |
Nepal
Nepal SBI Bank Ltd, Kathmandu
Mr. Arjun Nepal
Tel: +977-1-4253387
Email ID: nsbldm@nsbl.com.np
|
|
Oman
Muscat Branch
Mr. K. Madhusudan Rao, Manager (Operations)
Tel: +968-24704232
Email ID: sbioman@statebank.com
|
|
S. Africa
Johannesburg Branch
Mr. Srikant Dash, Assistant Manager (General Banking)
Tel: +27-11-7784500
Email ID: srikant@statebank.co.za |
Cape Town Branch
Mr. Sadick Isaac, Manager
Tel: +27-21-4213762
Email ID: sbicape@statebank.co.za |
Durban Branch
Ms Vanishree Singh, Secretary-cum-Assistant
Tel: +27-31-2019974
Email ID: vani@statebank.co.za |
|
|
| Top |
Singapore
|
UK
|
USA
New York Branch
Ms.Anupama Shende, Asst Manager (Remittances)
Tel: +1-212-5213318
Email ID: remit.nyb@statebank.com |
Chicago Branch
Tel: +1-312-6210135
Toll Free No: +1-800-7245780
Email ID: fundstransfer@sbichicago.com |
| State Bank of India (California)
Artesia Branch
Ms. Alka Kumar, Astt. Vice President (Credit and Forex)
Tel: +1-562-865-5009
Email ID: artesia@sbical.com
Fresno Branch
Mr. Pankaj Sood, Manager (NRI Services)
Tel: +1-559-2252264
Email ID: fresno@sbical.com
San Diego Branch
Mr. Sandeep Sahay, Manager (NRI Services)
Tel: +1-858-5471505
Email ID: sandiego@sbical.com |
Canoga Park Branch
Mr. Amit Talukder, Manager (NRI Services)
Tel: +1-818-2519761
Email ID: canogapark@sbical.com
Los Angeles Branch
Mr. Ashok Kumar, Manager (Credit and Forex)
Tel: +1-213-623-7250 Ext 34
Email ID: losangeles@sbical.com
San Jose Branch
Mr.Shoorvir S. Tomar, Manager (NRI & Credit)
Tel: +1-408-9389242
Email ID: sbisanjose@aol.com |
|
| Top |
Online Remittance(SBI Express Remit):
You need not go to your bank or deliver cheques, or give telephonic instructions. You may be banking with any bank in your country.Now you can use SBI EXPRESS REMIT to remit to India from USA / UK , 24 X 7.
- Best exchange rates
- Direct credit to over 4500 SBI branches in India
- Nil or minimum transaction fees
- Facility of credit to accounts held in other banks in India
|
| Top |
Speed Remittance (SBI Express):
SBI Express enables NRIs to send rupee remittances from a host of countries. The beneficiary in India can receive the remittance through any one of the following options:
- Credited to the beneficiary's account held in any core banking branch within 24 hours.
- Draft couriered within 24 hours to the beneficiary, or to the beneficiary's branch, if the beneficiary holds an SBI account with a non-core banking branch.
- Draft couriered within 24 hours, if the beneficiary holds an account in any other bank in India.
|
Countries and entities offering SBI Express service:
| Country |
Entity |
Name |
| Bahrain |
Exchange Co. |
Bahrain India International Exchange Co. |
| Canada |
SBI (C) Branch |
Scarborough, Abbotsfort, Surrey, Toronto , Vancouver , Missisauga |
| France |
SBI Branch |
Paris |
| Hong Kong |
SBI Branch |
Hong Kong |
| Japan |
SBI Branch |
Osaka, Tokyo |
| Kuwait |
Exchange Co |
al Mulla International Exchange Co.
Kuwait India International Exchange Co. |
| Maldives |
SBI Branch |
Male |
| Mauritius |
SBI Subsidiary |
Mauritius (SBI International Mauritius Ltd) |
| Oman |
Exchange Co
SBI Branch |
Mustafa Sultan Exchange Co.
Muscat |
| Peoples Republic of China |
SBI Branch |
Shanghai |
| Qatar |
Exchange Co.
Bank |
Trust Exchange Co.
Doha Bank . |
| UAE |
Exchange Co. |
Emirates India International Exchange Co
Thomas Cook Al Rostamani Exchange Co.
UAE Exchange Centre. |
| United Kingdom |
SBI Branch |
London, Southall, Golder's Green, Manchester, Birmingham and Leicester |
| USA |
SBI Branch |
Chicago |
|
|
| Top |
SWIFT / Wire Transfer:
NRIs can send remittances to India using SBI's foreign branches or a vast network of 600 correspondent banks across the globe. The remittance can be sent to the beneficiary's branch directly if it is a SWIFT linked branch. Please click on the following link to view the list of swift enabled branches with the SWIFT BIC code. Else, an NRI can select a SWIFT linked branch located close to the beneficiary's home town, which will handle the SWIFT transaction and transfer the funds to your beneficiary's account.
The following is a template of the SWIFT transfer instruction form, which an NRI can submit at his local bank.
|
| Field 56(Intermediary Institution) |
Bank Name:
SWIFT Code: |
(Please refer to the list of correspondent banks to locate a bank and the SWIFT code) |
| Field 57(Beneficiary Bank) |
Bank Name: State Bank of India
Branch:
SWIFT Code: |
(Please refer to the list of SWIFT linked branches to locate a branch and the SWIFT code) |
| Field 59(Beneficiary Customer) |
Beneficiary Name:
Account No:
SBI Branch: |
|
| Field 70/72(Remittance information / purpose of remittance) |
|
If the remittance is in foreign currency, you need to specify instructions to:
- Convert to Rupees and credit the account
- Get instructions from beneficiary
- Issue FCNR for_____years.
|
|
Correspondent bank accounts
Swift enabled branches in India |
| Top |
Draft / Cashier's Cheques:
Cashier's Cheque / International Money Order:
Remittance by cashier's cheque or international money order, works on the same principles as a cheque drawn on a foreign bank.
Draft:
If a remittance is sent as a demand draft, the beneficiary can deposit it at the branch in India, where the NRI or beneficiary holds an account. The draft will be sent to the branch where it is payable. After collection, the proceeds will be deposited in the account. If the remittance amount must be converted to INR, the exchange rate prevalent on the date of conversion will be applied. Collection charges will be as applicable from time to time. |
| Top |
Foreign Currency Cheques:
An NRI can deposit personal cheques drawn on a bank abroad in foreign currency and credit the same to his / her account with a branch in India. The cheques are sent to the respective countries for collection and on receipt of funds, the amount is deposited in the NRI's account. Collection period varies depending on the country, local clearing regulations and location of the bank on whom the cheque is drawn. Collection charges are recovered as applicable from time to time. Cheques can be deposited at the branch through messenger or sent to the branch by post / courier. If the cheque is in foreign currency and the credit must be offered in Indian rupees, the exchange rate prevailing on the date of conversion will be applicable. |
| Top |
