Remittance Services

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Get 50 Paisa Better on Your First Remittance!

In an exclusive promotional offer for new customers, you can receive 50 paisa better on your first online transfer up to $3,000* - just use promo code WELCOME50 when you initiate your transfer. Offer applies to new online account openings only. 

  • Today's Standard Exchange Rate (up to $10,000): 84.10

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Sending Money to India is Now Faster and Easier

At State Bank of India (California), we offer top-tier remittance services for your convenience. Our aim is to make money transfers easy, efficient and economical for you.

Offering highly attractive and competitive exchange rates from US Dollars to Indian Rupees, we ensure you receive the maximum possible value for your money. This allows you to make the most out of your personal and business transactions.

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The SBI California Advantage

Discover the benefits of choosing SBI California for your remittance needs. Our service is designed to be fast, convenient, and secure, providing you with the best remittance experience 

• Fast Transfers: Funds are typically received in India within a few hours, making us one of the fastest ways to send money.

• Transfer Confirmation: Immediate notification when your funds are deposited into the recipient's bank.

• Multiple Transfer Options: Send funds online, through the SBIC Mobile App, or by visiting any SBIC branch. Choose what works best for you.

• Zero Transfer Fees: Enjoy zero transfer fees on any amount sent via the SBIC Mobile App or Online Remittance Service, up to the daily limits.

• Easy Account Opening: Open a remittance registration account with just $10, making it easy to start sending money to India.

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Daily Remittance Limits

Online

Mobile

In Branch 

$50,000 per day*

$25,000 per day**

No Limit

For questions concerning SBIC Remittance Services contact us at 1-877-707-1995 (Mon-Fri, 8:00 AM to 4:30 PM PST) for assistance.

 

Frequently Asked Questions:

 

1. How can I send money to India from the USA with SBI California?

You can send money to India from the USA using SBI California’s Online Banking, the SBIC Mobile App, or by visiting any SBIC branch. Our remittance services are fast, secure, and offer competitive exchange rates.

2. What are the fees for sending money to India?

SBI California offers zero transfer fees on remittances sent via the SBIC Mobile App or Online Remittance Service, up to the daily limits. For detailed information on fees, please refer to our Business Banking or Personal Accounts Schedule of Fees and Charges.

3. What is the maximum limit for remittance transfers?

The daily limits for sending money are $50,000 per day for online transfers, $25,000 per day for mobile transfers, and there is no limit for in-branch transfers. Please note that remittances over $10,000 may require verification.

4. How long does it take for money to reach India?

Transfers to India typically reach the recipient within a few hours. However, online remittances above $35,000 may take an additional 1 to 2 business days to credit the beneficiary's account.

5. How do I get the best exchange rate for remittances?

SBI California offers highly competitive exchange rates to ensure you get the best value for your remittance. Check our current rates online and take advantage of promotional offers like 50 paisa better on your first transfer.

6. Can I cancel a remittance transfer?

Yes, you can cancel a remittance transfer within 30 minutes of submission via Online Banking, the Mobile App, or by calling our support line. You will receive a full refund upon cancellation.

7. Are there any special offers for new remittance customers?

Yes, new customers can enjoy a 50 paisa better rate on their first online transfer up to $3,000 by using promo code WELCOME50. This offer applies only to accounts opened online.

 

Glossary of Terms:

US Dollar (USD)
The US Dollar is the world's primary reserve currency. Its status is solidified by the United States' robust economy, making it a highly sought-after asset for individuals and businesses worldwide.
As the benchmark currency, the USD is essential for international trade, investments, and financial transactions. Its stability and liquidity contribute to its dominance in global markets.
Stay informed about USD exchange rates, currency conversion, and foreign exchange trends to make informed financial decisions. Check our latest USD to INR exchange rates and explore your money transfer options.

Indian Rupee (INR)
The Indian Rupee, the official currency of India, has gained significant prominence in recent years. India's expanding economy and growing global influence have contributed to the INR's increasing importance.
While still developing compared to major world currencies, the Indian Rupee is crucial for domestic and international trade within the Indian subcontinent."

You can cancel your Remittance transfer Online or through the Mobile App, or by calling 1-855-215-0903 for a full refund within 30 minutes from when you submitted your remittance. If you think there has been an error or problem, please call us at 1-877-707-1995 within 180 days of the Remittance transfer in question. For Personal Accounts Only (non-Business). Please Note:  *An account with SBIC is required to send remittance. Promotion applies to SBIC’s standard exchange rate. New Customer 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. The Bank considers "per day" from 12:00:00 AM PST to 11:59:59 PM PST on the same calendar day and considers "per month" as any 30 consecutive days. 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.

**Mobile remittance limit is $25,000.00 per day and $50,000.00 per month.

Additional fees/charges may apply. For remittances above $10,000 and for any changes made to beneficiaries, you will receive a verification call. Call charges may apply depending on your carrier. For details and pricing for Remittances initiated in-branch, please see the Business Banking Schedule of Fees and Charges or Personal Accounts Schedule of Fees and Charges, as applicable.

 

 

 

 

 

 

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