HIGHLIGHTS

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 Mumbai, Chennai, Hyderabad and Ramachandrapuram and we are in the process of opening branches in New Delhi and Bengaluru soon. 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.

 

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.

 

FEATURES

Today's Rate
For New Users Only
£ Amount
₹ Exchange Rate
£0 - £100000
₹92.66*
£100 - £1099
₹92.66*
£10001 - £50000
₹92.66*
For Returning Users
£ Amount
₹ Exchange Rate
£0 - £100000
₹92.46*
£100 - £1099
₹92.46*
£10001 - £50000
₹92.46*
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
  • Check
  • Credit Card/Debit Card
  • Cash
  • ACH Transfer
  • 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
sbmsupport@remit.in
Referral Program
No
Key Feature

  • Send up to 200k in one transaction. ;

  • - Choose Indicative or Locked -in – Rate;

  • - Best Exchange rate;

Document Requirements
Passport

EDITORIAL REVIEW

No review available.

USER REVIEWS

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