Exchange Rates

Stay Updated with SBIC's Competitive USD to INR Exchange Rate

Check the current exchange rate and make informed financial decisions.

Exchange rates often fluctuate due to market conditions. Please verify the current exchange rate on the Pre-Disclosure before completing your remittance, as the rate may differ from the table below.

Terms and Conditions may apply. An account with SBIC is required to utilize our remittance service. For more details on mobile and online transaction limits, please refer to our Remittance Services Homepage.

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Current Money Transfer Exchange Rates

Rupee exchange rates are updated daily.

Transactions	Amount	INR for 1 USD
Online, Mobile and In-Branch	$100.00 to less than $ 10,000.00	83.35
Online, Mobile and In-Branch	$10,000.00 to less than $ 25,000.00	83.55
Online and In-Branch	$25,000.00 to less than $50,000.00	83.55
In-Branch Only	$50,000.00 to less than $100,000.00	83.55
In-Branch Only	$100,000.00 and over	Please call the branch for rate

FAQ's:

1. How often are the exchange rates updated?

Exchange rates are updated daily to reflect current market conditions. Always check the latest rates before completing your transaction.

2. Are there any fees for checking the exchange rates?

No, checking exchange rates on our website or mobile app is completely free of charge.

3. What factors can affect the USD to INR exchange rate?

Exchange rates can fluctuate due to market conditions, economic factors, and global currency trends. Our rates are competitive and reflect current market values.

4. Can I lock in an exchange rate for a future transfer?

Currently, we do not offer the option to lock in exchange rates. The rate applied to your transaction will be the one available at the time of transfer.

5. Are there any limits on how much I can transfer?

Yes, limits vary depending on the method of transfer. For online and mobile transactions, the maximum is $25,000 per day. For in-branch transfers, higher limits apply; please contact your branch for details.

6. Do I need an account with SBI California to use the remittance service?

Yes, an account with SBI California is required to use our remittance services. You can open an account online easily and start transferring money today.

7. How long does it take for my money to reach the recipient in India?

Most transfers are completed within a few hours, although some may take up to 1-2 business days depending on the transaction amount and verification requirements.

8. Can I cancel a remittance after it has been initiated?

Yes, you can cancel your remittance within 30 minutes of submission via our online or mobile app, or by calling our customer service.

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