For more information about Remittance, check out our customer manual or get in touch with us at / call on 21. You are requested to read the Customer Manual which includes detailed terms & conditions before you apply to open an account with SBI. Set rate alerts for USD to INR and learn more about US Dollars and Indian Rupees from XE - the Currency Authority. Login to the online banking application and start sending the remittances. Get the latest 1 US Dollar to Indian Rupee rate for FREE with the original Universal Currency Converter.Send the completed online transaction form to branch for getting transaction rights.Register yourself (self-enrolment) for the internet banking facility by visiting our website.In order to send remittances, open a Checking/Money Market Deposit Account with us by submitting the account opening forms (DEP 1 or DEP 3, DEP MC). How to Apply for Online Remittance with SBI New Yorkįederal law requires all banks to identify their customers. If your funds are not immediately available with us.įor remittance to beneficiary accounts held in Banks other than SBI, charges (National Electronics Funds Transfer, beneficiary Bank charges etc.) if any, may apply.Due to Network failure or technical difficulties occur which are outside the control of the receiving or sending branches.If beneficiary details are incorrect or incomplete for money transfer to India. 1 USD 83.2995 INR 1 INR 0.0120049 USD We use the mid-market rate for our Converter.Users are requested to note the exchange rate of USD to INR as displayed on the website.Ĭonsumers have a right to cancel a cross border remittance transfer within 30 minutes of making payment for the transfer. The issuance of the currency is controlled by the Reserve Bank of India. INR remittances that are initiated through our branch over the counter/ by mailing forms for equivalent USD $1000 or above. The Indian rupee is the official currency in India.Online Remittance: INR remittances that are initiated through our online banking portal regardless of the total amount.No fee for INR Remittance requests in case of: Remittances can be sent to any bank account in over 50,000 branches of various banks situated in India through the National Electronic Fund Transfer facility (NEFT).Rapid transfer of funds to over 24,017 State Bank of India branches.Money transfer to India request can be initiated by our account holders over the counter or by mailing us original RMT 2I form or through Online Banking.Īdvantages of remitting through Our New York BranchĪpplying for remittance through SBI New York offers you several benefits, including the following: SBI New York offers remittance to India facility to its customers having transactions account. Remittance Services for the INR with the State Bank of India, New York
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