Remittance Registration Account

Remittance Registration Checking Banner Image

Experience the ease of sending money to India with a Remittance Registration account from State Bank of India (California) 

 

Our Remittance Registration account is a convenient checking option tailored for individuals who frequently send money to India. Enjoy fast and reliable transfers, typically delivered within hours. 

 

New to SBIC? Open an account online and get 50 paisa better with your first online transfer up to $3,000* using promo code WELCOME50.

Features


• 24/7 Access to Mobile and Online Banking

• No minimum balance required 

• Debit card not issued for this account 

• Check writing not available for this account 

• Only available online 

• eStatements required1

Minimum deposit to open

$10

Monthly maintenance fee

$0

Earns interest 

No

Open an Account Online

1A $5 fee will be imposed every month if the account holder does not authorize an eStatement.

*An account with SBIC is required to send remittance. Promotion applies to SBIC’s standard exchange rate. Promo code is redeemable online only, applicable once and cannot be combined with another offer. For accounts opened online, the remittance limit is $25,000.00 per day and $50,000.00 per month. For accounts opened at one of our branches, the limit is $50,000.00 per day. Online remittances above $35,000.00 may take up to 1 to 2 additional business days to receive credit in beneficiary account. Mobile remittance limit is $25,000.00 per day and $50,000.00 per month. SBIC makes money when it converts one currency to another for you. The exchange rate provided to you is set by SBIC in its sole discretion, and it includes a markup.

For further information about terms and conditions, see the Terms and Conditions of Your Account and Personal Banking Schedule of Fees, call toll-free 1.877.707.1995 or visit a location near you.

 

 

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