SBI NRI Services - Remittances from 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 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.
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.
Online Remittance (SBI Express Remit UK)
Given below is the present charges structure for all the GBP remittances sent through SBI Express Remit UK.
* 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
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:
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
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.
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
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.