SBI NRI Services - Remittances from UK

UK

Which ever part of UK you may be in, remittance to India has been made easy for you. We offer multiple channels of remittances to suit your needs. Choose the desired type of remittance service.

INSTANT TRANSFER

Instant Transfer:

"Instant Transfer is a real time rupee remittance facility from SBI Foreign Offices in 16* countries across the world to your / beneficiary's account maintained with SBI in India at any of the over 19,000 Core Banking Branches of SBI and Associate Banks, as also to over 65,000 NEFT/ RTGS enabled branches of other banks in India."

* Australia, Bahrain, Belgium, Canada, China, France, Hong Kong, Israel, Japan, Maldives, Mauritius, Nepal, Oman, Singapore, South Africa and UK.

  • By far the Fastest way to send remittance
  • Attractive Exchange Rates and low remittance charges
  • Facility also available to non-account holders (of our foreign branches) at certain centres

Charges for ‘Instant Transfer' vary at different branches. Branches in some countries may offer the facility at concessional rates to their account holders. Please contact our branch in your Country to know the schedule of charges of ‘Instant Transfer' for you.


UK

London Branch


Manager (NRI Services)
Tel: +44-207-4544324
Fax: +44-207-4544409
Toll Free No: +080-81017633
Email ID: mgr.nri@sbilondon.com
Website: www.sbilondon.com

Birmingham Branch


Branch Manager
Tel: +44-121- 5150400 to 409
Fax: +44-121- 5150407
Toll Free No: +080-81017633
Email ID: mgr.birmingham@sbilondon.com
Website: www.sbilondon.com

Golders Green Branch


Branch Manager
Tel: +44-20-84583856
Fax: +44-20-82090756
Toll Free No: +080-81017633
Email ID: mgr.goldgreen@sbilondon.com
Website: www.sbilondon.com

Leicester Branch


Branch Manager
Tel: +44-116- 242 8831
Fax: +44-116- 242 8837
Toll Free No: +080-81017633
Email ID: mgr.leicester@sbilondon.com
Website: www.sbilondon.com

Manchester Branch


Branch Manager
Tel: +44-161-8172530
Fax: +44-161-8172537
Toll Free No: +080-81017633
Email ID: mgr.manchester@sbilondon.com
Website: www.sbilondon.com

Southall Branch


Branch Manager
Tel: +44-20-8574 0111
Fax: +44-20-8571 9302
Toll Free No: +080-81017633
Email ID: mgr.southall@sbilondon.com
Website: www.sbilondon.com
Online Remittance (SBI Express Remit UK)

Online Remittance (SBI Express Remit UK)

  • An online service to remit money from your UK Bank account to the beneficiary in India.
  • Only one-time Registration on https://remit.onlinesbi.com
  • Uses the CIP (Customer Initiated Payments) mode to directly transfer money from remitter's UK bank account to beneficiary's account in India.
  • No need for any branch visits or paperwork. Remittance instructions can be posted 24 X 7.
  • Online Tracking of remittance request through every stage of the transaction.

Charges *

Given below is the present charges structure for all the GBP remittances sent through SBI Express Remit UK.


Remittance amount For credit to SBI & Associate banks For credit to other banks through NEFT/ RTGS
GBP 50 – GBP 500 No charges No charges
Above GBP 500 No charges No charges
 

* Foreign Currency Conversion charges of Rs.250/- levied on every remittance.

*Service tax for conversion of Foreign Currency to Indian Currency will be levied, as applicable from time to time.

* The above charges structure is subject to change

SWIFT / WIRE TRANSFER

SWIFT / Wire Transfer

You can send remittance to your beneficiary's account in India from your overseas bank through SWIFT (MT 103). Salient features of this facility are as under:

  • Facilitates remittances from anywhere in the world to any part in India
  • Beneficiary's account, if maintained with us, is credited through Core Banking within 1 business day of receipt of message
  • Accounts of beneficiaries in other Banks will be credited through NEFT / RTGS within 2 business days
  • Remitters to provide the following information to their Bankers while sending remittance, for incorporating in the SWIFT messages:
    • Mention correct SWIFT code as per following -
      • For remittances up to USD 10,000 or equivalent: SBININBBFXD
      • For remittances more than USD 10,000 or equivalent: SWIFT code of home branch of the beneficiary. If home branch of beneficiary does not have SWIFT code, then please mention SWIFT code of a link branch or any nearby SBI branch of that city / state. Please click here to view the SWIFT codes of all SWIFT enabled SBI branches.
    • 11 digits account number of the beneficiary (with initial digit as non-zero). If International Bank Account Number (IBAN) needs to be mentioned then, please mention beneficiary's 11 digits account number only in IBAN field. Please do not prefix or suffix SWIFT / IFSC Code etc.
    • Full name and complete address of beneficiary
    • SBI Branch Code / IFSC Code
    • For other banks beneficiary existing CBS account number, bank and branch name, IFSC Code
    • Full name, address and account number of the remitter
    • Purpose of remittance
    • Details of correspondent / intermediary Bank, in case if remitting bank is not direct correspondent of State Bank of India. Please click here to view all correspondent bank accounts.
  • Rs. 25/- is levied by SBI in India for conversion of foreign currency into Indian Rupees.
  • Service tax for conversion of Foreign Currency to Indian Currency will be levied, as applicable from time to time.
  • Sample SWIFT transfer instruction form, which remitter can submit at his / her remitting bank:
 

Field 56 (Correspondent Bank / Intermediary Institution details)

  • SBI's Correspondent Bank Name:
  • SWIFT Code:
  • SBI's Nostro Account No:
  • Additional Details (if any):

Please click here to view all correspondent bank accounts and corresponding details.

Field 57 (Beneficiary Bank details)

  • Bank Name: State Bank of India
  • SBI Branch Name:
  • SWIFT Code of SBI Branch:

Please click here to view the SWIFT codes of all SWIFT enabled SBI branches

Field 59 (Beneficiary details)

  • Beneficiary Name:
  • Beneficiary's Account No:
  • Beneficiary's Address:

Field 70/72 (Remittance information / purpose of remittance)

Please mention the desired disposal of remittance amount, such as

  1. Convert to Indian Rupees and credit the beneficiary account
  2. Issue NRE / NRO / FCNR (B) deposit for <please mention the duration> years in <please mention the currency if FCNR (B) has to be created > currency
  3. Get instructions from beneficiary
 

In case of any issues about this product, please contact our International Remittance Centre (IRC) helpline from 10:00 to 17:00 hours (IST) at:

DRAFT / CASHIER'S CHEQUES

Draft / Cashier's Cheques

Cashier's Cheque / International Money Order:

Remittance by cashier's cheque or International money order, works on the same principles as a cheque drawn on a foreign bank. Please click here to know more about foreign currency cheques and other instruments collection policy.


Draft:

If a remittance is sent as a Demand Draft, the beneficiary can deposit it at the branch in India where you or your beneficiary hold an account. The draft will be sent to the branch where it is payable. After collection, the proceeds will be deposited in the account. If there is a need for currency conversion, the currency conversion rate prevailing on the date of conversion is applied. Collection charges will be as applicable from time to time. Please click here to know more about foreign currency cheques and other instruments collection policy.

FOREIGN CURRENCY CHEQUES

Foreign Currency Cheques

You can deposit personal cheques drawn on a bank abroad in foreign currency and credit the same to your account with a branch in India. The cheques are sent to the respective countries for payment and on collection of funds, the amount is deposited in your account. Collection period varies depending on the country, local clearing regulations and location of the bank on whom the cheque is drawn. Collection charges are recovered as applicable from time to time. Cheques can be deposited at the branch through messenger or sent to the branch by post / courier. If the cheque amount is in foreign currency and the credit has to be offered in India rupees, the currency conversion rate prevailing on the date of conversion will be applicable. Please click here to know more about foreign currency cheques and other instruments collection policy.