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Remittance

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

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 60,000 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 minimum of USD 50 and a maximum of USD 100,000 per year.

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 Telephone
Bahrain Bahrain Financing Co. Bahrain
Bahrain India International Exchange Co.
+973 17228888
+973 36493695
Kuwait Al Mulla International Exchange Co.
Al Muzaini Exchange Co.
Bahrain Exchange Co.
Kuwait India International Exchange Co.
UAE Exchange Centre, Kuwait
+965 22478250
+965 2417604
+965 1824000
+965 22422688
+965 22459417
Oman Global Money Exchange
Mustafa Sultan Exchange Co.
Oman & UAE Exchange Centre
+968 24703566
+968 24707025
+968 24796533
Qatar Doha Bank
Trust Exchange Co.
+974 44456941
+974 4312320
Saudi Arabia Al Rajhi Banking & Investment Corpn.

Arab National Bank
The National Commercial Bank
+966 1 2114495
+966 1 2795769
+966 1 4029000 (ext. 7501)
+966 2 6462800
UAE Al Ahalia Exchange Co.
Al Ansari Exchange Co.
Al Fardan Exchange Co.
Al Rostamani International Exchange
Asia Exchange Centre
City Exchange
Emirates India International Exchange
Lulu International Exchange L.L.C.
Orient Exchange Co.

UAE Exchange Centre
Wall Street Exchange Centre
+971 2 6269329
+971 2 6108717
+971-2-6223222
+971 4 6098135
+971 4 2299329
+971 4 3937868
+971 4 2247088
+971 2 6547000
+971 4 2267339
+971 4 2267994
+971 2 4945402
+971 4 2284889
 
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