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Apply
for a wire transfer to your local bank for sending money to State
Bank of India or its Associate Banks in India, and
ask your bank to route the wire transfer through State Bank of India,
New York. Click here to download a form
that will serve as a handy guide when you fill the wire transfer application
form of your bank.
- Onward transmission on the day of receipt
of funds by SBI, New York.
- 450 branches of SBI, which
have SWIFT facility, receive funds generally on the next banking
day in India. Click here to view a
list of SWIFT-facility branches of SBI in India.
- Other branches receive funds via a nearby SWIFT-facility
branch.
Flat
fee of only $30, deducted from the amount received by SBI, New York.
Conversion to Indian rupees, where required,
is done by the Indian SWIFT-facility branch to which the SWIFT message
is sent. While the exchange rate cannot be known in advance (due to
difference in time zones), exchange rate offered by SBI and its Associate
Banks in India is generally among the best in the Indian market.
To track your remittance online, please enroll
for the internet banking service of the branch of SBI or Associate
Bank where you have an account in India (if the facility is offered
by that branch). To enroll for this service with SBI branches,
and know other details, click on the following link: www.onlinesbi.com
Inquiries
All inquiries pertaining to wire transfers must
be made through your bank. Please allow the normal transmission time
to elapse before asking your bank to make an inquiry.
Apply for a wire transfer to your local bank
for sending money to any bank in Bangladesh, Nepal or Sri Lanka through
our correspondents in those countries, and ask your bank to route
the wire transfer through State Bank of India, New York. Click
here to download a form that will serve as a handy guide when
you fill the wire transfer application form of your bank.
- Onward transmission to our branch/correspondent
on the same day.
- Beneficiary bank receives funds a few days thereafter.
Flat fee of only $30, deducted from the amount
remitted by your bank.
Conversion to Home Currency and Exchange
Rate
Conversion to home currency is done by our correspondent in the
beneficiary’s country. While the exchange rate cannot be known
in advance (due to difference in time zones), our correspondent
will strive to offer competitive exchange rates.
Inquiries
All inquiries pertaining to wire transfers
must be made through your bank. Please allow the normal transmission
time to elapse before asking your bank to make an inquiry.
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