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Home     arrow     Money Transfer     arrow     Indian Rupee Remittance
“ State Bank of India, New York branch has temporarily suspended issue of Rupee drafts. You may choose to remit funds by sending a Rupee wire transfer (free of cost) or have a Rupee draft issued from a bank in India.”
Effective January 01, 2013, State Bank of India, New York Branch will send money transfer/remittances for Deposit customers only. Persons/entities that have opened URNs will not be able to use remittances services through the URN. They may choose to open Checking/Money Market Deposit Account. Customer manual and forms are available on our website.

No new URNs will be opened after November 01, 2012.
How to Apply For a Remittance to State Bank of India, New York
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Advantages of Applying Directly to New York Branch Click Here +
  • All INR remittances are free* irrespective of the amount. There are no fees levied by SBI. Other fees may apply.
  • Conversion from USD to INR is at a rate as displayed on the website. ( www.statebank.com )
  • Rapid** Transfer to over 13,000 branches of State Bank of India.
  • Remittances can be sent to an account maintained with any bank in India.
    • Electronic credit facility (through NEFT) is made to accounts in all branches of associate banks of SBI and over 50000 branches of over hundred other banks in India.
    • * State Bank of India, New York does not levy any charges/fees/commission for rupee remittances to India irrespective of the amount. However for remittances to beneficiary accounts held in banks other than SBI, charges (e.g. National Electronics Funds Transfer {NEFT}, beneficiary bank charges etc.) if any, may apply.
    • ** 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.
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How to Apply Click Here +
Federal law requires all banks to identify their customers. Open a Checking/Money Market Deposit Account with us. Download the account opening forms (DEP 1 or DEP 3, DEP MC, along with Form ‘Register Recipient) and the remittance request form (RMT 2I).

The forms have a Step-by-Step Guide that will enable you to complete the process effortlessly. For subsequent remittances, you will need to fill only the remittance request form RMT 2I and send it to us by mail, fax (212 521 3363), scanned copy by e-mail (remit.nyb@statebank.com) or submit it in person at the branch. If we do not have your recipient registered with us (through a Form Register Recipient), we shall make a telephone call back to confirm the authenticity of the instruction in order to protect your funds and identity.
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Our Location Click Here +
We are located on the second floor at 460 Park Avenue, which is at the corner of Park Avenue and 57th Street (E) in Manhattan. The nearest subway station is 59th Street and Lexington Avenue which can be reached by train No. 4, 5, 6, N, Q and R.
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Business Hours Click Here +
Our business hours are 9 a.m. to 4 p.m. EST Monday through Friday.
( Cash Services available from 9 a.m. to 3 p.m. only. )

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Whom to Contact Click Here +

For remittances Call: 212-521-3236 / 3317
Fax number: (212) 521-3363
Email: remit.nyb@statebank.com
For Checking, Money Market Deposit, CD Accounts Call: 212-521-3219 / 3286
Fax number: (212) 521-3361
Email: supdrs.nyb@statebank.com mgrdep.nyb@statebank.com
For queries related to NRO / NRE / FCNR accounts with SBI branches in India (24/7) Toll free number :
1 866 328 4209
 
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Forms Click Here +
Forms For Form No. Formats Available
Remittance Requests
Remittances For Consumers RMT-2I PDF
Remittances For Non-Consumers RMT-2C PDF
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