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USA |
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 Wherever you may be in the USA, 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. |
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More Information on Remittances:Instant TransferOnline Remittance (SBI Express Remit) Speed Remittance (SBI Express) SWIFT / Wire Transfer Draft / Cashier's Cheques Foreign Currency Cheques |
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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.
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. |
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USA
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Online Remittance (SBI Express Remit)Remit money from USA to India from the comfort of your home / office any day / any time.SBI Express Remit is a user friendly web based ACH product to send US dollar remittances from anywhere in the USA to India. We offer the best exchange rates and direct credit to a wide network of 4500 branches across India, absolutely free of cost. You can have the facility of issuing standing instructions for regular remittances. 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/gls |
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Speed Remittance (SBI Express)SBI Express enables you to send rupee remittances from USA to India. The beneficiary in India can receive the remittance through any one of the following options:
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Offices offering SBI Express service in USA:
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SWIFT / Wire TransferYou 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 the beneficiary's account.The following is a sample SWIFT transfer instruction form, which you can submit at your foreign bank.
Correspondent Bank Accounts Swift enabled branches in India |
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Draft / Cashier's ChequesCashier'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 either 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 ChequesYou 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 which 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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