State Bank of India
Bank URL: https://www.statebank.com/RemittanceServiceIndMaster.asp
Contact Number: 1-212-521-3284
Rupees per US Dollar: 64.30
Time: 4 - 5 Days
- $0 fee for online transfer to SBI Banks and fee of Rs. 6 for online transfer of amount less than $500 to any other bank
- Foreign Currency Conversion charges of Rs.250/- levied on every remittance.
- Service tax of .14% or Rs. 35 (whichever is higher) for amounts upto Rs. 100,000 received in India
- 2 days for transfer to account in SBI bank and 4-5 days to accounts in other banks
- Min remittance amount in a single transaction is $50
- Max remittance of $10,000 in a single transaction to account in SBI and of $5000 in account with any other bank
- Other Transfer modes: Instant transfer, SWIFT/Wire transfer, Draft Cashier's Cheques and Foreign currency cheques.