Retail Forex Solutions - Business
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Retail Forex Solutions
Foreign Travel Cards (FTCs)
Prepaid Foreign Currency card to make your foreign trip trouble-free and convenient.
Smartest way to carry money abroad
Feature & Benefits
- Available in nine Foreign Currencies viz. US Dollars (USD), Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (YEN), Saudi Riyal (SAR), Singapore Dollar (SGD) and United Arab Emirates Dirham (AED)
- Issued in association with VISA International and MasterCard Asia / Pacific Pte. Ltd
- Accepted all over the world except in India, Nepal and Bhutan
- Available for retail (students, tourists, pilgrims, medical needs, etc) and corporate customers (Companies, Government Departments, Public Sector Undertakings, etc)
- Minimum Amount of Load / Re-load : USD 200 / GBP 120 / Euros 150 / CAD 200 / AUD 200 / YEN 15,800 / SAR 750 / SGD 250 / AED 750
- Competitive exchange rates
- Validity : 10 years
- Maximum amount of issue : As prescribed by Reserve Bank of India (RBI) / Liberalised Remittance Scheme (LRS) / Foreign Exchange Management Act 1999 (FEMA) depending on the purpose of overseas visit. Presently, equivalent to USD 2,50,000 or equivalent per financial year for Education / Employment / Medical / Business Trip / Tourism / Pilgrimage
- Reloadable any number of times, within the RBI / LRS / FEMA regulations cited above. Card can be reloaded at any authorised Branch
- Accepted all over the world except in India, Nepal and Bhutan
- Free balance enquiry at State Bank Group ATMs in India and VISA / MasterCard ATMs overseas (at a charge)
- Free balance enquiry and view / download details of transactions through https://oneview.prepaid.sbi and visit https://sbitravelcard.com (MasterCard)
- Card can be used for online transaction (e-commerce) POS payment, ATM Cash withdrawal beside balance enquiry at ATM
Retail Inward Remittance
Receive Money from Anywhere, Anytime, securely and quickly from your family, friends or business partners abroad with fast, reliable and RBI-compliant inward remittance services. Get the money you need, when you need it.
Inward Remittances Made Easy
Feature & Benefits
- Quick and Easy Transfer : Receive funds through global remittance networks like Western Union, SWIFT or MoneyGram and transfer to your bank account instantly
- Accept payments across the world - no borders, no limits
- Simple and convenient foreign inward remittance with our wide foreign offices network and correspondent banking arrangement with about 600 banks worldwide
- Auto-conversion upto USD 2,50,000. Competitive rates for amount above USD 25,000
- Fully Compliant with RBI Guidelines : Your remittance is processed securely and in accordance with the FEMA (Foreign Exchange Management Act) and RBI regulations
- Minimal Documentation : Simple process with basic KYC documentation required, and real-time tracking from initiation to receipt
- How to receive Inward Remittance :
- Provide remitter with your bank account details (account number, SWIFT / BIC code, etc)
- The remitter initiates the transfer from their bank or remittance service provider
- Track your incoming transfer via SMS notifications
- Contact your branch for conversion of funds to INR
- Funds are deposited into your bank account
- Access the funds instantly for withdrawal or further transactions
Retail Outward Remittance
Send Money Abroad Securely, Seamlessly, Anytime : Transfer funds overseas for education, travel, family support and more- with SBI Fx-Out
Transfer funds abroad with SBI Fx-Out
Feature & Benefits
- Secure, fast and RBI-compliant outward remittance services under the Liberalised Remittance Scheme (LRS)
- Transfer funds to beneficiaries outside India for permissible purposes under RBI's LRS limit of USD 2,50,000 per financial year
- Simple Wide Range of Permissible Uses - Send funds abroad for :
- Education and living expenses
- Travel and tourism
- Medical treatment
- Maintenance of relatives
- Gifts and donations
- Investment in foreign stocks, bonds or property
- Tuition and examination fees
- Available at all SBI branches in USD, GBP, EUR, AUD, SGD, CAD, AED, NZD and 89 miscellaneous currencies
- It is also available to all Retail Internet Banking (INB) users through www.onlinesbi.sbi and SBI yono App in USD, GBP, EUR, AUD, SGD, CAD, AED, NZD upto USD 40,000 or equivalent per day
- Customers account numbers should be KYC compliant with updated PAN
- Customers may visit any branch with details of beneficiary
- Non-LRS remittance can be done through 600+ B Category forex branches, subject to terms and conditions
- Fully complaint with FEMA and RBI regulations with bank-grade encryption and approval workflows
- Same-day processing for most remittances with instant confirmation alerts
Last Updated On : Friday, 10-10-2025
