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Home > Remittances > Canada

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Canada
CanadaWherever you may be in Canada, remitting money to India couldn't be made easier. We offer multiple channels of remittances to suit your needs. These channels are based on the time within which you need to send money, remittance charges applicable and the mode of remittance.

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.

Canada

State Bank of India (Canada)

Toronto Branch

Ms. Deepa Makhija
Tel: +1-416-8650414
Toll Free No: +1-866-3284209
Email ID: dmakhija@sbicanada.com 		Abbotsford Branch

Mr. Sunil Kumar
Tel: +1-604-8515861
Toll Free No: +1-866-3284209
Email ID: skumar@sbicanada.com
Brampton Branch

Ms.Silvia James
Tel: +1-905-8747186
Toll Free No: +1-866-3284209
Email ID: sjames@sbicanada.com		 Mississauga Branch

Ms.Sushma Misra
Tel: +1-905-5658959
Toll Free No: +1-866-3284209
Email ID: smisra@sbicanada.com
Scarborough Branch

Mr.Yogesh Shukla
Tel: +1-416-7540039
Toll Free No: +1-866-3284209
Email ID: yshukla@sbicanada.com 		Surrey Branch

Mr.Chetan Kashyap
Tel: +1-604-5833363
Toll Free No: +1-866-3284209
Email ID: ckashyap@sbicanada.com
Vancouver Branch

Mr. Rajeev Kapur
Tel: +1-604-7316635
Toll Free No: +1-866-3284209
Email ID: rkapur@sbicanada.com 		 
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Online Remittance (SBI Express Remit)

Remit money from UK to India from the comfort of your home/office any day/any time.

SBI Express Remit is a user friendly web based product to send GBP remittances from anywhere in UK to India. We offer the best exchange rates and direct credit to a wide network of 4500 branches across India, free of cost for remittances above £500. In addition, you can track the status of your remittance online.

To register and remit to India click here.

For more information on this product, please refer to the FAQ section in www.onlinesbi.com/glsuk
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Speed Remittance (SBI Express)

SBI Express enables you to send rupee remittances from UK to India. 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.

Offices offering SBI Express service in UK

Country Entity Name
UK SBI Branch London, Southall, Golder's Green, Manchester, Birmingham and Leicester
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SWIFT / Wire Transfer

You 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, you 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 sample of SWIFT transfer instruction form, which you can submit at your foreign 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 specify instructions to:
  1. Convert to Rupees and credit the account
  2. Get instructions from beneficiary
  3. Issue FCNR for_____years.


Correspondent Bank Accounts

Swift enabled branches in India
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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 you or your beneficiary hold 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 there is a need for currency conversion, the currency conversion rate prevailing on the date of conversion is applied. Collection charges will be as applicable from time to time.
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Foreign Currency Cheques

You can deposit personal cheques drawn on a bank abroad in foreign currency and credit the same to your account with a branch in India. The cheques are sent to the respective countries for payment and on collection of funds, the amount is deposited in your 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 amount is in foreign currency and the credit has to be offered in India rupees, the currency conversion rate prevailing on the date of conversion will be applicable.
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