State Bank of India Outward Remittance

Hello sir I am looking for the information of State Bank of India, Kolkata and the outward remittance form of NRO. So can you please share the Information of State Bank of India, Kolkata and also provide me the outward remittance form of NRO??

[Kiran Chandar]

Hello buddy you are looking for the information about the State Bank of India, Kolkata. So I am providing you:

State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

State Bank of India is one of the Big Four banks of India, along with Bank of Baroda, Punjab National Bank and ICICI Bank.

State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.

You are looking for the Outward Remittance form of NRO. So I am providing it to you:

In this form you have to fill up the following formalities:

• Beneficiary’s Name
• Beneficiary’s Address
• Beneficiary’s Account Number
• Beneficiary’s Bank Name
• Beneficiary’s Bank Branch Name
• Beneficiary’s Bank Branch SWIFT code
• Beneficiary Bank’s Correspondent Bank’s Name
• Beneficiary Bank’s Correspondent Bank’s SWIFT code
• Purpose of Remittance
• Foreign Bank Charges to be borne by.


Request for Outward Remittance from NRO account









Contact Information of State Bank of India, Kolkata:

Stock price: SBIN (NSE) Rs. 287.00 0.00 (0.00%)
Customer service: 1800 425 3800
Founded: June 2, 1806, Kolkata
Subsidiaries: SBI Cards, State Bank of Hyderabad, State Bank of Mysore

Hello sir I have an account in State Bank of India and I want to know about Outward Remittance, so please tell me about this?

[pawan]

Hello , here I am providing the details of Outward Remittance facility which also offered by State Bank of India.


India Outward Remittance is a process how you can remit money from India to UAE, USA, UK, Canada, Germany, Australia, Europe, Malaysia , Singapore, Dubai, Spain & other countries except Bhutan and Nepal.


Resident separately in India can use Nationalized Banks in India to transfer money ( International Outward Remittances) to a beneficiary situated outside the country (except for Bhutan and Nepal) as approved under FEMA (Foreign Exchange Management Act).

It is compulsory for resident individuals to have PAN number for sending outward remittances.

Reasons to remit the money:-

Private visit to any country
Medical treatment abroad
Maintenance of close relative abroad
Maintenance expenses of patient
Gift & Donation
Employment abroad
Emigration
Education abroad
Business Travel

To send money from India to abroad countries, there are only two modes for using.


The following modes:

Foreign Currency Demand Draft – You can send the Demand Draft to the
beneficiary, who receives payment from drawee bank on presentation.


Wire Transfer/ Transfer through SWIFT – ( If SWIFT facility is not available, your
remittance can be effected through telex ).


According to RBI’s Foreign Exchange Management Act(FEMA) you can remit money abroad upto USD 200,000/- during a financial year.


Procedure to do an outward remittance:

1. Submit an application with the requisite documentation
2. Submit your account number(If you have account with the respective bank)
3. Amount to be remitted
4. Provide the Beneficiary details
5. Choose the mode of remittance.



Here I am giving a attachment to a form of Request for Outward Remittance from NRO account.

Form for Request for Outward Remittance from NRO account.