Connecting Businesses with Opportunities in India
Connecting Businesses with Opportunities in India

State Bank of India


Bank URL: https://www.statebank.com/RemittanceServiceIndMaster.asp
Contact Number: 1-212-521-3284
Rupees per US Dollar: 63.55
Type: Indicative
Fee: 0.00
Time: 4 - 5 Days
Comments:
  • $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.