Wherever you may be in the World, 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.
It is a web-assisted remittance service, to remit money to beneficiary accounts in India from number of countries across the world using CIP (Customer Initiated Payments) mode of money transfer. Remittances can be sent in any of the below mentioned 39 currencies from across the world.
Given below is the present charges structure :
|Remittance Amount||For credit to SBI & Associate banks||For credit to other banks through NEFT/ RTGS|
|Up to equivalent of USD 500||No charges||No charges|
|Above equivalent of USD 500||No charges||No charges|
*Foreign Currency Conversion charges of Rs.250/- levied on every remittance.
*Service tax for conversion of Foreign Currency to Indian Currency will be levied, as applicable from time to time.
*The above charges structure is subject to change.
List of acceptable currencies
|AED||United Arab Emirates Dirham||AUD||Australian Dollar|
|BGN||Bulgarian Lev||BHD||Bahraini Dinar|
|CHF||Swiss Franc||CZK||Czech Republic Koruna|
|DKK||Danish Krone||DZD||Algerian Dinar|
|EEK||Estonian Krron||EGP||Egyptian Pound|
|EUR||Euro||GBP||Great Britain Pound|
|HKD||Hong Kong Dollar||HRK||Croatian Kuna|
|HUF||Hungarian Forint||ILS||Israeli Shekel|
|ISK||Icelandic Krona||JOD||Jordanian Dinar|
|JPY||Japanese Yen||KES||Kenyan Shilling|
|KWD||Kuwaiti Dinar||LTL||Lithuanian Litas|
|LVL||Latvian Lats||MAD||Moroccan Dirham|
|MUR||Mauritius Rupee||MXN||Mexican Peso|
|NOK||Norwegian Krone||NZD||New Zealand Dollar|
|OMR||Omani Rial||PLN||Polish Zloty|
|QAR||Qatari Rial||RON||Romanian Leu|
|SAR||Saudi Arabian Riyal||SEK||Swedish Krona|
|SGD||Singaporean Dollar||THB||Thai Baht|
|TND||Tunisian Dinar||TRY||Turkish New Lira|
|ZAR||South African Rand|
Instant Transfer is a real time rupee remittance facility from SBI Foreign Offices in 16* countries across the world to your / beneficiary's account maintained with SBI in India at any of the over 19,000 Core Banking Branches of SBI and Associate Banks, as also to over 65,000 NEFT/ RTGS enabled branches of other banks in India.
* Australia, Bahrain, Belgium, Canada, China, France, Hong Kong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa and UK.
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.
You can send remittance to your beneficiary’s account in India from your overseas bank through SWIFT (MT 103). Salient features of this facility are as under:
|Gross amount of currency converted||Service Tax|
|Up to Rs. 1,00,000||Rs. 35/- or 0.14% of the gross amount, whichever is higher|
|Above Rs. 1,00,001 to Rs. 10,00,000||Rs. 140 plus 0.07% of the amount exceeding Rs. 1,00,000|
|Above Rs. 10,00,001 and above||Rs. 770 plus 0.014% of the amount exceeding Rs. 10,00,000 or Rs. 7000, whichever is lower|
|Field 56 (Correspondent Bank / Intermediary Institution details)||
Please click here to view all correspondent bank accounts and corresponding details.
Field 57 (Beneficiary Bank details)
Please click here to view the SWIFT codes of all SWIFT enabled SBI branches.
Field 59 (Beneficiary details)
Field 70/72 (Remittance information / purpose of remittance)
Please mention the desired disposal of remittance amount, such as
In case of any issues about this product, please contact our International Remittance Centre (IRC) helpline from 10:00 to 17:00 hours (IST) at:
Remittance by cashier's cheque or International money order, works on the same principles as a cheque drawn on a foreign bank. Please click here to know more about foreign currency cheques and other instruments collection policy.
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. Please click here to know more about foreign currency cheques and other instruments collection policy.
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 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. Please click here to know more about foreign currency cheques and other instruments collection policy.
The guidelines issued by RBI relating to ‘Know Your Customer’ (KYC) norms mandate the Bank to periodically update customer record with current information relating to customer's identity and address. Accordingly, your account with us will be due for update, if it was opened more than two years ago.
You are therefore requested to kindly submit documents for re-KYC to your home branch, along with the request letter. Please click here, to download the standard request letter containing the documents and information required.
We request your co-operation in order to make your account compliant with the regulatory guidelines.
In case, you have forgotten your login password for your Internet Banking (INB) facility, it can be reset online itself, with the help of your Profile Password.
For the purpose, please click on, Forgot Login password? on Personal Banking Login page and follow instructions.
We have started emailing detailed position of NRI accounts with us as a password protected PDF attachment on the registered e mail address, beginning from March 14 quarter. In case of any issues, please contact your home branch.
Now, you can place a request for outward remittance or funds transfer (forex) favouring yourself or third party from your NRE Savings Bank account or NRE fixed deposit account or FCNR (B) account holders to any account overseas Internet Banking facility.
In order to use this facility, please follow the below mentioned procedure:
Now, you can place a request for disposing off a remittance expected into your NRE / NRO account with us. It will serve three purposes, as mentioned below:
To use this facility, please go to? Inward Remittance Disposal Request? under, NRI Services? tab of ‘e-Services’ in the menu bar of your Internet Banking account.
If you have not applied for Internet Banking (INB) earlier or does not have INB facility, you can now self-register for it online without visiting the branch.
Simply, you have to fill in your account details to create your temporary username and passwords and thereafter you can authenticate it by anyone of the following mode:
For applying, please follow the below mentioned procedure:
Now, you can activate your debit card and generate ATM PIN instantly through internet banking facility. In order to use this facility, please follow the below mentioned procedure:
Now you can add, change, cancel or inquire a nominee in your NRE / NRO savings bank or NRE / NRO / FCNR (B) deposit accounts through Internet Banking (INB) facility. In order to use this function, please follow the below mentioned procedure:
In order to change existing nominee, please cancel nominee first and then register a fresh nominee as per procedure mentioned above.
Now, you can create an Overdraft (OD) account against your existing NRE / NRO deposit through internet banking.
In order to create it, please follow the below mentioned procedure: