Remittance to India
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SBI offers remittance service via multiple channels that include:-
- SBI branches.
- All SBI ATMs.
- SBI Remittance kiosk at Little India Branch.
- SBI’s Internet Banking Portal.
- eRemit service https://eremit.sbising.com (For DBS/ POSB/ Standard Chartered and UOB customers).
Yes, as a SBI Account holder you are automatically registered for remittance service through Branch, ATMs, Kiosk* or Internet Banking.
*Currently payment on Kiosk is via NETS enabled cards only. For customers of NETS enabled banks using kiosk, registration has to be done at the branch.
You can register as a remittance customer as under:-
| SR. NO. | CHANNEL | REGISTRATION REQUIREMENTS | |
|---|---|---|---|
| 1 | Branch | SBI Account holder | As a SBI Account holder you are automatically registered for remittances. |
| Others |
|
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| 2 | SBI Account holder with INB access | Only require Internet Banking access to log in and use the remittance service. | |
| 3 | ATM | As a SBI Account holder you are automatically registered for remittances. You can proceed with the remittance to your existing beneficiaries by debiting your Savings / Current account with SBI. For non account holders:-
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| 4 | eRemit |
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| 5 | KIOSK | As a SBI Account holder you are automatically registered for remittances. You can proceed with the remittance by debiting your NETS enabled bank. For non account holders:-
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| SR. NO. | CHANNEL | TRANSACTION LIMIT | |
|---|---|---|---|
| 1 | Branch | SBI Account holder |
|
| Non SBI Account holder |
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| 2 | SBI INB | Default limit is set at S$3,000. Upon customer’s request (via application form submitted at the branch) it can be increased to a maximum of S$20,000 per day. Reduction of the Funds transfer limit can be done online. | |
| 3 | ATM | A maximum of S$3,000 per day. | |
| 4 | KIOSK | A maximum of S$6,000 per trailing thirty days. The transaction limit is also subject to your NETS limit from your bank. (DBS/POSB/Maybank/OCBC/UOB and Standard Chartered). | |
eRemit is an independent remittance service portal. You can use this channel without having an account with SBI. eRemit is available for anyone who holds a Savings/Current account with DBS/ POSB/ Standard Chartered and UOB.
The maximum amount that can be transacted through the various channels is as under:-
| SR. NO. | CHANNEL | TRANSACTION LIMIT | |
|---|---|---|---|
| 1 | Branch | SBI Account holder |
|
| Non SBI Account holder |
|
||
| 2 | SBI INB | Default limit is set at S$3,000. Upon customer’s request (via application form submitted at the branch) it can be increased to a maximum of S$20,000 per day. Reduction of the Funds transfer limit can be done online. | |
| 3 | ATM | A maximum of S$3,000 per day. | |
| 4 | eRemit | A maximum of S$100,000 per day, subject to the limit given to you by your bank (DBS/ POSB/ Standard Chartered and UOB). | |
| 5 | Kiosk | A maximum of S$6,000 per trailing thirty days. The transaction limit is also subject to your NETS limit from your bank. (DBS/POSB/Maybank/OCBC/UOB and Standard Chartered). | |
The maximum amount that can be transacted through the various channels is as under:-
| Account Held With | Time Taken |
|---|---|
| State Bank of India & Other Bank Branches | Same day/ next working day* |
| *Depending on time of receipt of remittance. Excluding Sundays & Public Holidays in India. |
Click here for fees and charges
The maximum amount that can be transacted through the various channels is as under:-
| CHANNEL | REQUIREMENTS | |
|---|---|---|
| Branch | SBI Account holder |
|
| Others |
|
|
| SBI INB | INB User ID, Password & Security Device. | |
| SBI ATM | Your SBI ATM card cum Debit Card. | |
| eRemit |
|
|
| Kiosk |
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The payment options for various channels are as under:-
| CHANNEL | PAYMENT MODE | |
|---|---|---|
| Branch | SBI Customer | SBI Checking & Savings Account / NETS/ Cash. |
| Non SBI Customer | NETS or Cash. | |
| SBI INB | SBI Checking & Savings Account. | |
| SBI ATM | SBI ATM cum Debit card for debiting SBI Checking or Savings Account. | |
| eRemit | Debiting Checking & Savings Account of any of the eNets banks-DBS/ POSB/ Standard Chartered and UOB. | |
| Kiosk | NETS Card for payment. | |