HIGHLIGHTS

SBM BANK’s SBMremit is a seamless online remittance service offered to NRIs via Online Transfers & Wire transfers. SBMremit is safe, transparent & cheapest way of sending money to India from abroad. To send money with SBMremit, a customer should complete one time registration by filling the online form and subsequently adding the beneficiary details.

SBM BANK (INDIA) LTD.  is the first bank to receive a banking license from the Reserve Bank of India (RBI) to establish a universal banking business in India through the Wholly Owned Subsidiary (WOS) mode. We currently operate in Delhi, Mumbai, Chennai, Hyderabad, Bengaluru and Ramachandrapuram. Our aim is to shape a better tomorrow for you with innovative, digital solutions. SBM Group brought its rich experience to India by setting up the Indian Operations in 1994.

 

 

FEATURES (Currently showing rates for UK to IND change )

Today's Rate
For New Users Only
£ Amount
₹ Exchange Rate
£0 - £2000
₹93.36*
£2001 - £200000
₹93.36*
For Returning Users
£ Amount
₹ Exchange Rate
£0 - £2000
₹93.16*
£2001 - £200000
₹93.16*
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
£ Amount
Fee
Up to £999999
0.5%
In-branch Transfer
£ Amount
Fee
£0 - £999999
0.5%
Transfer Time
Bank Deposit
1 Day
Transfer Type
  • Online Transfer
  • Credit Card/Debit Card
  • Wire Transfer
Daily Transfer Limit
The daily limit is $200K.
Customer Service Info
Monday to Friday from 11am - 7pm IST
Company Headquarter
Mumbai, India
Company Type
Remittance Providers
Mobile App
Company Established
1994
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
SBM remit FAQs: https://www.sbmremit.com/transfer/jsp/send/sbm/contactUs.jsp
Referral Program
No
Key Feature

  • Send up to 200k in one transaction. ;

  • - Choose Indicative or Locked -in – Rate;

  • - Best Exchange rate;

  • Zero fee and Extra 20 paisa on first transaction;

Document Requirements
Passport

EDITORIAL REVIEW

SBMremit is part of SBM Bank (INDIA) Limited , It is the first bank to receive a banking license from the Reserve Bank of India (RBI) and to establish a universal banking business in India through the Wholly Owned Subsidiary (WOS) mode. SBM Group brought its rich experience to India by setting up the Indian Operations in 1994.SBMremit offers guaranteed exchange rates with transparent fee for money transfer service to India.

SBMremit is a secure online money transfer service provider that offers money transfer service to India from United Kingdom & Australia.

In order to send money through SBMremit, SBMremit require the sender to use a bank account. In the UK, money can be sent in a day using Net Banking Facility. Customers can transfer money to any bank in India. Sending large amounts of money using wire transfer through SBMremit takes 2 working days.

The money can be received directly into the bank account. The money can be deposited in all the bank across the country. All transactions can be tracked through SBMremit Status Tracker.

There is a transparent fee of 0.5% of sending amount for sending money from the United Kingdom & Australia to India. SBMremit claims that there are no additional hidden fees associated with the services.

But what is attractive about SBMremit are the exciting offers. For new users from the United Kingdom and Australia there is a special Extra Re. 1 & ZERO fee offer on 1st transaction, you can get Extra Re. 1 & ZERO fee offer upto transaction amount of GBP/AUD 2000. 

 

SBMremit provides an excellent exchange rate with transparent service that is quite a good proposition for NRIs in United Kingdom and Australia. SBMremit is also a good platform if someone wants to send a large amount of money as this is a secure online platform offered by SBM Bank (India) Limited.

 

USER REVIEWS

Rajesh
Posted on March 30, 2020, 06:20 am

I have a very positive experience with SBM Remit. I got better exchange rate than other companies and websites. Also, their background verification process is good so chances of fraudulent activities are minimal. I would certainly recommend this service.

 
Ganesh
Posted on March 27, 2020, 05:36 am

Noticing that there is some technical glitches on delaying to credit the fund in benificiary account but the way they responding and their customer service is very much impressed us. I believe the SBM could improve their web/database to the international standards and attract more client in the first impression which is missing. I would strongly recommend /trust the SBM for someone from abroad to send money. Give an opportunity if someone willing to improve and sustain in this current economic climate.

 
Debashis
Posted on February 27, 2020, 04:56 am

Excellent Customer Care ! Excellent Service ! Outstanding Rate ! My Transaction completed in 1 day as promised by them . I highly recommend people to transfer through them .

 
SBM Bank India LTD
Posted on February 27, 2020, 09:35 pm
Thank you Debashis for your kind words. We at SBM remit are delighted to hear that you had a very good experience. We hope that you continue using our service. As always, we are available whenever you will require any assistance.

Team SBM Remit
Premila Auchraje
Posted on February 14, 2020, 08:40 pm

I was very reluctant to use the service initially but with the help of Mr Aditya Mishra , who was so patient and supportive , I managed to confidently use the service. I would highly recommend it to anyone and everyone. Thank you SBM remit for making life so much easier and simpler. Keep it up !

 
SBM Bank India LTD
Posted on February 20, 2020, 05:17 am
Thank you Premila for your kind words. We at SBM remit are delighted to hear that you had a very good experience. We hope that you continue using our service. As always, we are available whenever you will require any assistance.


Team SBM Remit

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