Remit SBI

Can you tell me in detail about the Remittance Services & Normal Time Taken for the services offered by SBI or State Bank of India? also tell me about its common features?

[Shaleen]

One can remit funds to own account or accounts of loved ones in India through wide array of remittance services. These remittances can be originated from different time zones / countries in multiple currencies as mentioned below:

Remittance Services & Normal Time Taken

SBI Rupee Instant Flash from associated Exchange Houses or Banks in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE
Within 10 minutes

SBI Rupee Instant from associated Exchange Houses or Banks in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE
Within 2 hours

SBI Express Rupee from associated Exchange Houses or Banks in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE
Within 1 to 2 days

Online Remittances:
SBI Express Remit UK for customers based out of United Kingdom
SBI Express Remit Canada for customers based out of Canada
SBI Express Worldwide for customers based out of 39 selected countries except USA
Within 1 to 3 days

Instant Transfer from SBI offices in Australia, Bahrain, Belgium, Canada, China, France, Hong Kong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa and UK
Within 1 day

SWIFT or Wire Transfer
Within 1 to 3 days

Draft, Cheque and International Money Order
Within 7 days to 28 days

SBI offers specifically designed remittance services to the NRIs, PIOs and Foreign nationals settled in various parts of the world. These remittance services are provided under the brand umbrella of “SBI Express”.

SBI Express in following regions around the world:

Region Offerings
USA SBI Express Remit – US
SBI Rapid Remittance
SBI FCNR (B)

UK SBI Express Remit – UK

Middle East Countries SBI Express Rupee

Common Features of these offerings are:
• Most competitive exchange rates with no remittance charges
• Most secure way of sending remittances to India
• Direct credit to accounts in all State Bank branches
• Credit through NEFT to accounts in about 60,000 NEFT enabled branches of other banks
• Online Transaction tracking facility 24X7
• SMS advice to beneficiaries