REMITTANCE FROM INDIA

Now remittances from India are much easier and faster through our new product fxout and remxout.

FXOUT:

  • Available at all branches of SBI.

  • Available to resident individuals/NRIs who are customers of SBI.

  • Highly competitive and transparent rates.

  • Remittances can be for all the purposes prescribed under Liberalised Remittance Scheme (LRS) of RBI.

  • Available up to USD 25,000.00 or equivalent per transaction subject to a maximum ceiling of LRS in a financial year ( presently LRS limit is USD 250,000.00)

  • For NRIs, transaction limit is Rs 20.00 lacs per transaction or equivalent.

  • Available in USD, GBP, EUR, AUD, SGD, CAD and 91 miscellaneous currencies.

  • Customers account should be KYC compliant and updated with PAN

  • Customers to visit the home branch with the details of beneficiary.


REMXOUT:

  • Available to all Retail Internet Banking users through onlinesbi.com. (www.onlinesbi.com)

  • Highly Competitive and transparent rates.

  • Remittances under Liberalised Remittance Scheme (LRS) of RBI can be initiated on internet.

  • Available upto equivalent of USD 5000 or equivalent per transaction subject to a maximum ceiling of LRS in a financial year ( presently LRS limit is USD 250,000.00)

  • Available in USD, GBP and EUR.


Others:

  • For all other remittances not covered under ‘fxout’ and ‘remxout’, customers can approach forex authorized branches of SBI.

  • For more information please contact through mail.