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  • State Bank of India (California) does not provide financial, investment, legal, accounting or tax advice. The information contained on this website is for informational purposes only, and is not intended to provide, and should not be relied on for financial, investment, legal, accounting or tax advice. You should consult your own financial, investment, legal, accounting and tax advisors before engaging in any transaction.
  • *Terms and Conditions may apply. An Account with SBIC is required to send a remittance. 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.