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SBI Express to India |
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SBI Express to India :
SBI offers specifically designed remittance services to the NRIs, PIOs and Foreign nationals settled in various parts of the world. These remittance services are provided under the brand umbrella of “SBI Express”. |
We have the presence of SBI Express in following regions around the world:
| Region |
Our Offerings |
| USA |
SBI Express Remit – US
SBI Rapid Remittance
SBI FCNR (B) |
| UK |
SBI Express Remit – UK |
| Middle East Countries |
SBI Express Rupee |
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Common features of these offerings are:
- Most competitive exchange rates with no remittance charges
- Most secure way of sending remittances to India
- Direct credit to accounts in all State Bank branches
- Credit through NEFT to accounts in about 44,000 NEFT enabled branches of other banks
- Online Transaction tracking facility 24X7
- SMS advice to beneficiaries
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Offerings for US Customers:
SBI Express Remit – US
- Remittances from USA to India happen through the Automated Clearing House (ACH) mechanism for the SBI Express Remit – US offering.
- All it requires is one-time online registration on our remittance portal with your bank account details and money can be transferred to beneficiary accounts in India from the comfort of your home using Internet.
SBI Rapid Remittance
- Very easy web assistance is provided for error free wire transfers, thus minimizing the hassles, difficulties and occasional delays faced in a wire transfer.
- Send up to a maximum of USD 100,000 (minimum of USD 2000) per day.
SBI FCNR (B)
- Foreign Currency Non-Resident (FCNR) deposit is completely online service.The money transfer service for NRI individuals is done by sending money directly from their US Bank account to their existing NRE or FCNR account in US Dollars with designated SBI branches in India.
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Offerings for UK Customers:
- Customer Initiated Payments (C.I.P.) is a web based, convenient, speedy and cost-effective offering to send remittances from UK to India by Non-resident Indians.
- This facility employs a fully electronic process from the initiation of your transaction to the credit to beneficiary account provided the remittance is funded by you either through instruction to your Bank in UK through Internet/Phone banking or as a Wire Transfer.
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Offerings for Customers in Middle East Countries:
SBI Express Rupee
- NRIs residing in the Middle East Countries can send rupee remittances to India through Banks / Exchange Houses in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE.
Below is the list of Countries and entities that offer SBI Express Rupee services:
| Country |
Name |
| Bahrain |
Bahrain Financing Co. Bahrain
Bahrain India International Exchange Co. |
| Kuwait |
Al Mulla International Exchange Co.
Al Muzaini Exchange Co.
Bahrain Exchange Co.
Kuwait India International Exchange Co.
UAE Exchange Centre, Kuwait
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| Oman |
Global Money Exchange
Mustafa Sultan Exchange Co.
Oman & UAE Exchange Centre
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| Qatar |
Doha Bank
Trust Exchange Co.
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| Saudi Arabia |
Al Rajhi Banking & Investment Corporation
Arab National Bank
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| UAE |
Al Ahalia Exchange
Al Ansari Exchange Co.
Al Fardan Exchange Co.
Al Rostamani International Exchange
City Exchange
Emirates India International Exchange
Orient Exchange Co.
UAE Exchange Centre
Wall Street Exchange Centre
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