REMITTANCE FROM INDIA
Now remittances from India are much easier and faster through our Fxout platform
Available at all SBI branches in USD, GBP, EUR, AUD, SGD, CAD and 91 miscellaneous currencies.
It is also available to all Retail Internet Banking (INB) users through www.onlinesbi.com in USD, GBP, EUR, AUD and SGD.
Highly competitive and transparent rates.
This platform is available to resident individuals under Liberalised Remittance Scheme (LRS) of RBI subject to present limit of USD 2, 50,000 per Financial Year and from NRE account of an NRI.
Through branch, per transaction limit is equivalent of Rs.20 lacs or USD 25,000 whichever is lower on the day of transaction within the overall limit of LRS.
Through INB, per transaction limit is equivalent of Rs.10 lacs or USD 25,000 whichever is lower on the day of transaction within the overall limit of LRS
Customers account should be KYC compliant with updated PAN.
Customers may visit any branch with the details of beneficiary.
For more information please contact firstname.lastname@example.org through mail.
For all other remittances not covered under ‘Fxout’ customers can approach forex authorized branches of SBI