State Bank Of India (SBI) Money Transfer: SBI Remit


State Bank of India (SBI) is the largest banking company in India in terms of assets, branches, and global influence. It is owned by Government of India and has its headquarters in Mumbai, India. It is the oldest established bank in the Indian Subcontinent. The history of its establishment can be traced back to the era of British-ruled India.
SBI’s assets are worth US$501 billion. It has more than 15,000 branches including more 180 foreign offices worldwide. It is the only bank from the Indian Subcontinent that is in list of Fortune 500 companies. SBI’S overseas branches and subsidiaries are located in 34 major cities of Asia, Europe, North America, Australia, and Middle-east: London, Sydney, Tokyo, Bahrain, Muscat, Singapore, Colombo, Cape Town, Dhaka, California, Chicago, and New York and Canada. 
Depending on the speed of the transfer, SBI offers various remittance services: The money transfer services offered by SBI are Instant Transfer, Speed Remittance (SBI Express), SWIFT / Wire Transfer , Draft / Cashier's Checks, and Foreign Currency Checks.


Exchange Rate Type
Transfer Fee
Bank Account
$ Amount
Up to $100000
In-branch Transfer
$ Amount
$1401 - $1800
Transfer Time
Bank Deposit
Transfer Type
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
$0 - $99,999
Customer Service Info
1 (212) 521-3236 (NY)
1 (312) 621-1200 (Chicago)
1 (877) 707-1995 (CA)
Company Headquarter
Mumbai, India
Company Type
Mobile App
Company Established
Text Update (SMS)
Email Updates
Provider's FAQs
Referral Program
Key Feature
Must have a account with SBI to send money to India.
Document Requirements


Posted on August 25, 2016 05:34 am

how to start id

Posted on September 03, 2015 07:44 am

SBI Service is very fast...

Posted on August 20, 2015 08:00 am

Once you open a deposit account with them and activate your internet banking, the remittance process is simple. They offer best rates and money gets deposited in by late evening on the transaction day. I keep deposits in their Savings account which gives the best interest and remit money whenever there is a need.

Posted on August 06, 2015 12:07 pm

Sending money via SBI is a complicated process. One need's a bank account, then 5-7 WORKING day's for pulling the funds to the SBI account ( getting ready process), then you got to do the transfer. Transfer rates are not that great compared to many other providers. Only advantage of using SBI is the upper limit on the amount. Even in the case of high amounts ICICI seems to offer better rate. That leaves us to ...

Posted on March 14, 2015 04:00 am

hope fully its done with a faith transfers

Posted on February 22, 2015 08:36 pm

I want to become a money trancsfer agent

Posted on December 22, 2014 11:59 pm

The company is exellent service

Posted on November 03, 2014 07:45 pm

Excellent service! Remittances are deposited in India usually by next business day, better rates.

Posted on October 24, 2014 01:11 am

Dear sir, i want to money transfer service please help me and do me money transfer

Posted on October 16, 2014 01:42 pm

hahha Way complex system for sending money :) you need to have bank account in NYC and should have min 500$ balance ... No way , why anybody would need to open a bank account :)

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