Remmitance from India - International Banking

Remittance From India

Now remittances from India are much easier and faster through our Fxout platform

• 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  in USD,GBP,EUR,AUD,SGD, CAD,AED,NZD.
• Highly competitive and transparent rates.
• This platform is available to resident individuals under Liberalised Remittance Scheme (LRS) of RBI subject to present limit of USD 2, 50,000 per Financial Year and from NRE account of an NRI.
• Through Branch, per transaction / per day limit is USD 2,50,000 or equivalent, within overall LRS limit of USD 2,50,000 for domestic customers.
• Through INB, per transaction / per day limit is USD 40,000 or equivalent, within overall limit of LRS for domestic customers.
• Through YONO SBI App, retail customers can send overseas remittances up to USD 40,000 or its equivalent per transaction per day in 8 currencies viz, USD, EUR, GBP, CAD, AUD, NZD, SGD & AED.
• Customers account should be KYC compliant with updated PAN.
• Customers may visit any branch with the details of beneficiary.
• For more information please contact fxout.gmuk@sbi.co.in through mail.
• For all other remittances not covered under ‘Fxout’ customers can approach forex authorized branches of SBI