HIGHLIGHTS

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.

FEATURES

Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
Fee
Up to $100000
$0.00
In-branch Transfer
$ Amount
Fee
$1401 - $1800
0
Transfer Time
Bank Deposit
2 Days
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
Bank
Mobile App
N/A
Company Established
1955
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
Must have a account with SBI to send money to India.
Document Requirements
1. Paystub
2. Statement of the subject account showing the direct deposit of your payroll check
3. Bank account statement of another financial institution from where the funds will 
be utilized to send the remittance
4. Tax returns (if self employed)
5. Any other source documents showiNg property sale, inheritance, etc.

USER REVIEWS

ritesh_dubey_1990
Posted on August 25, 2016, 05:34 am

how to start id

 
manishlovely2007
Posted on September 03, 2015, 07:44 am

SBI Service is very fast...

 
debasisseema
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.

 
useful09
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 ...

 
chalwaadi
Posted on March 14, 2015, 04:00 am

hope fully its done with a faith transfers

 
gopalpatgar
Posted on February 22, 2015, 08:36 pm

I want to become a money trancsfer agent

 
julefkarali09747
Posted on December 22, 2014, 11:59 pm

The company is exellent service

 
smitchauhan
Posted on November 03, 2014, 07:45 pm

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

 
arjunmobh2011
Posted on October 24, 2014, 01:11 am

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

 
bhushanbhangebrb
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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