| 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 12000 Core Banking Branches of SBI or Associate Banks, as also to over 43000 NEFT enabled branches of other banks in India."
* 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 (Systems & Compliance)
Tel: +973–17531300 / 17531064
Fax: +973–17531029 / 17532435
Toll Free No: +800-81724
Email ID: sbifcb@batelco.com.bh
Website : www.sbibahrain.com
|
|
| Top |
Belgium
|
Canada - State Bank of India (Canada)
|
| Top |
China
Shanghai Branch
Mr. Sharat Kumar Mishra, V.P. (Operations)
Tel: +86-21-54042786 / 87 / 54043301 / 31
Fax: +86-21-54051025 / 54041803
Email ID: vpops.shanghai@statebank.com
|
|
France
Paris Branch
Mr. L.Colney, Manager (Accounts & Remittances)
Tel: +33-1-53772305
Fax : +33-1-53772850 / 45633970
Toll Free No: +800-740849
Email ID: sbifrance@aol.com
Website : www.sbiparis.fr
|
|
Hong Kong
Hong Kong Branch
Mr.Ashutosh Sharma, AVP (Deposits & Remittances)
Tel: +852-25230022
Fax : +852-28681966
Toll Free No: +800-932045
Email ID: sbinhk@iohk.com
|
|
| Top |
Israel
Tel Aviv Branch
Mr. K.V.Patnaik, Vice President (Operations)
Tel: +972-3-7565409
Fax: +972-3-6005376 / 5377
Email ID: ceo.israel@statebank.com
|
|
Japan
Tokyo Branch
Mr. Pankaj Kumar, Asst. Vice President (Remittance)
Tel: +81-3-32840198
Fax : +81-3-32015750
Toll Free No: +006-633812439
Email ID: avprem.tokyo@statebank.com
Website : www.sbijapan.com
|
Osaka Branch
Mr.Abraham George, Vice President (Cr. & Operations)
Tel: +81-6-62713695
Fax: +81-6-62713693
Toll Free No: +006-633812439
Email ID: sbiosaka@gol.com
Website : www.sbijapan.com
|
|
Maldives
Male Branch
Mr. V.Ramesh, Sr.Vice President (Systems)
Tel: +960-3331532
Fax: +960-3323053 / 3326949
Email ID: sbimale@dhivehinet.net.mv
|
|
Mauritius
|
| Top |
Nepal
Nepal SBI Bank Ltd, Kathmandu
Mr.Madukar Anand
Tel: +977-1-4435516 / 613
Fax: +977-1-4435612
Email ID: nsblco@nsbl.com.np
|
|
Oman
Muscat Branch
Mr. K. Madhusudan Rao, Manager (Operations)
Tel: +968-24704232 / 24704233
Fax: +968-24701580
Email ID: sbioman@statebank.com
|
|
S. Africa
|
| Top |
Singapore
|
UK
|
USA
New York Branch
Mr.Sooraj Gopalakrishnanpotty, Asst Manager (Remittances)
Tel: +1-212-5213283
Fax: +1-212-5213364
Toll Free No: +1-866-3284209
Email ID: remit.nyb@statebank.com |
Chicago Branch
Mr.Suresh Kumar
Tel: +1-312-6210135
Fax: +1-312-6210740
Toll Free No: +1-866-3284209
Email ID: vppb.chicago@statebank.com |
| State Bank of India (California)
Artesia Branch
Mr. Arvind Kumar Nema, Asst. Vice President (Credit and Forex)
Tel: +1-562-865-5009
Fax: +1-562-865-0136
Email ID: artesia@sbical.com
Fresno Branch
Mr. Inder K Garg, Vice President & Manager
Tel: +1-559-2252264
Fax: +1-559-2252516
Email ID: fresno@sbical.com
San Diego Branch
Mr. Manish Kumar Sinha, Manager (NRI Services)
Tel: +1-858-5471505
Fax: +1-858-5471507
Email ID: sandiego@sbical.comBakersfield
Bakersfield
Mr.Amit Talukder, Manager (NRI Services)
Tel: +1-661-8372657
Fax: +1-661-8379923
Email ID: bakersfield@sbical.com
|
Canoga Park Branch
Mr. Anwar Ehsanullah, Manager (NRI Services)
Tel: +1-818-2519761 / 9763
Fax: +1-818-2519780
Email ID: canogapark@sbical.com
Los Angeles Branch
Mr. Debdas Nayak, Manager (Credit and Forex)
Tel: +1-213-623-7250 Ext 211
Fax: +1-213-622-2069 / 8612
Email ID: losangeles@sbical.com
San Jose Branch
Mr.Shoorvir S. Tomar, Manager (NRI & Credit)
Tel: +1-408-9389244
Fax: +1-408-9711406
Email ID: sbisanjose@sbical.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 12,000 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 to India through Exchange Houses / Banks / our branches in Bahrain, Kuwait, Oman, Qatar, and UAE. The beneficiary in India can receive the remittance through any one of the following options:
- Credit to his / her account held in any of over 12,000 SBI branches within 24 hours, and over 43,000
NEFT enabled branches of other banks in India by the end of the next working day.
- For other beneficiaries, draft will be couriered by the next working day.
|
Countries and entities offering SBI Express service:
| Country |
Name |
| Bahrain |
Bahrain India International Exchange Co.
Bahrain Financing Co. Bahrain
|
| UAE |
Emirates India International Exchange
UAE Exchange Centre
Al Rostamani International Exchange
City Exchange
Wall Street Exchange Centre
Al Ansari Exchange Co.
Al Fardan Exchange Co.
Al Ahalia Exchange
Orient Exchange Co.
|
| Kuwait |
Kuwait India International Exchange Co.
Al Mulla International Exchange Co.
Al Muzaini Exchange Co.
Bahrain Exchange Co.
UAE Exchange Centre
|
| Oman |
Mustafa Sultan Exchange Co.
Oman & UAE Exchange Centre
Global Money Exchange
|
| Qatar |
Trust Exchange Co
Doha Bank
|
| Saudi Arabia |
Arab National Bank |
|
|
| 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 |
