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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 amount.
  • Conversion to foreign currency at a firm rate, displayed on the website. ( www.statebank.com )
  • Instant** Transfer to over 12,500 branches of State Bank of India.
  • Electronic credit facility to accounts in all branches of associate banks of SBI and over 50000 branches of 100 other banks in India via NEFT.
  • Instant pay by debit or credit card. (Monthly limits apply).
  • Money can be sent to account with any bank.
  • Remittances can be sent in all major currencies.
  • Standing instructions facility available for remittances of recurring nature.
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. 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 +
As you would be aware, Federal law requires all banks to identify their customers. To save you the effort of submitting identifying information for each remittance, we have introduced a simple, one-time identification called User Registration. Download the user registration form and the remittance request form and post it to us for your first remittance.

Both 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 application and send it to us by mail, fax, scanned copy by e-mail or submit it in person at the branch.
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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 +

Remittances section (for URN holders) Call 212-521-3284 / 3314 / 3317 / 3318 / 3311
Fax number: (212) 521-3363
Email: remit.nyb@statebank.com avpdrs.nyb@statebank.com
Deposits section (for A/c holders) Call 212-521-3219 / 3282 / 3287 / 3285 / 3281 / 3286 / 3283 / 3311 Fax number: (212) 521-3361 Email: supdrs@statebank.com mgrdep.nyb@statebank.com avpdrs.nyb@statebank.com
For queries related to NRO / NRE / FCNR accounts with SBI branches in India Call 212 521 3210
Fax number: (212) 521-3363 24/7
Toll free number 1 866 328 4209
Email: business.nyb@statebank.com
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Forms Click Here +
Forms For Form No. Formats Available
Remittance Registration:
Registration by Individuals AUR Fill-in PDF
Registration by Organizations AUR(O) PDF
Modification of information by Registered Users AUR(M) PDF
Authorization agreement for ACH debit ADP Fill-in PDF
Cancellation of ACH debit agreement ADP(C) PDF
Remittance Request:
Remittance by using check or wire transfer RMT-1 Fill-in PDF
Remittance by using debit or credit card RMT-1C Fill-in PDF
Remittance by ACH debit RMT-1(ACH) Fill-in PDF
Standing Instructions for recurring remittances SI PDF
 
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
FDIC All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs"). For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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