"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 22,000 Core Banking Branches of SBI, 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.
Transfer money through any of our associated Exchange Houses or Banks in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE to beneficiary's account in SBI in India. You may choose any of the following service to send funds.
Normal Time Taken
SBI Rupee Instant Flash
Within 10 minutes
SBI Rupee Instant
Within 2 hours
SBI Express Rupee
Within 2 working days
Countries and Exchange Houses or Banks offering these services are mentioned as under. Kindly note that all the above products are not being offered from all the exchange companies listed below. Please check up with the respective exchange house in this regard
Bahrain Financing Co.
Zenj Exchange Co.
Bahrain India International Exchange Co
Modern Exchange Co.
National Finance and Exchange Co.
NEC B.S.C. (c )
Aman Exchange Co
Bahrain Exchange Co. WLL
Kuwait India International Exchange Co.
UAE Exchange Co. WLL
Joy Alukkas Exchange Co.
Al Mulla International Exchange Co
Al Muzaini Exchange Co.
Lulu Exchange Co.
Kuwait Bahrain International Exchange Co
Global Money Exchange Co. WLL (managed by SBI)
Modern Exchange Co.
Mustafa Sultan Exchange Co. (managed by SBI)
Oman & UAE Exchange Centre & Co. LLC
Al Jadeed Exchange Co.
Asia Express Exchange Co.
L.T Ved Exchange Co. LLC
Majan Exchange Co.
Musandam Exchange Co.
Oman Exchange Co.
Purshottam Kanji Exchange Co.
Wasel Exchange Co. Oman
Al Dar For Exchange Co.
Al Zajeera Exchange Co.
City Exchange Co.
Al Zaman Exchange Co.
Gulf Exchange Co.
Islamic Exchange Co.
National Exchange Co.
Trust Exchange Co.
Kingdom of Saudi Arabia
Al Rajhi Banking Corporation
Arab National Ban
National Commercial Bank
Alamoudi Exchange Co
United Arab Emirates
Al Ahalia Money Exchange Co
Al Ansari Exchange Co
Al Fardan Exchange Co.
Al-Rostamani Exchange Co.
City Exchange Co. LLC (managed by SBI)
Emirates India International Exchange Co
Index Exchange Co. LLC
Lari Exchange Co.
Lulu International Exchange LLC
Orient Exchange Co. LLC
Redha Al Ansari Exchange
UAE Exchange Centre LLC
Wall Street Exchange Centre LLC
Al Faud Exchange Co.
Belhasa Exchange Co.
Deniba Exchange Co.
Leela Megh Exchange Co.
Alfa Exchange Co.
Commercial Bank of Dubai
National Bank of Abu Dhabi
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:
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's Account No:
Field 70/72 (Remittance information / purpose of remittance)
Please mention the desired disposal of remittance amount, such as
Convert to Indian Rupees and credit the beneficiary account
Issue NRE / NRO / FCNR (B) deposit for <please mention the duration> years in <please mention the currencyif FCNR (B) has to be created > currency
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:
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.