- Remittance can sent in all major currencies.
- We can send these remittances to 450 branches of SBI in India, which are authorized to handle foreign exchange.
- You can conveniently pay in person by debit or credit card (Monthly and daily limits apply).
- Standing instructions facility is available for remittances of recurring nature.
** The remittance may be delayed -
- If your funds are not immediately available with us
- If beneficiary details provided by you are incomplete & incorrect
- Due to network failures/ technical problems outside the control of the sending / receiving branches.
- The Branch is not responsible for any delays incurred after the funds have left the US banking system.
Conversion to Indian Rupees and Exchange Rate applied in India
If the amount in USD is to be converted to Indian Rupees in India, it shall be done by the branch in India to which the SWIFT message is sent. While the exchange rate is not known in advance (due to difference in time zones), exchange rate offered by SBI and its Associate Banks in India is generally very competitive.