With its vast network in India, SBI is in a unique position to transfer funds to various places in a country. SBI has over 20,000+ branches to easily reach your family, friends or business.
Now, INR Remittances to Beneficiaries in India is possible through new Internet Banking, ATM or by visiting a branch.
SBI (Mauritius) Ltd. offers the easiest, fastest, transparent and best way to send money to India at attractive exchange rates. Use our Remittance services to fund your savings, personal and business needs. Our Internet Banking and ATMs provides you with the simplest way to send money to India.
Frequently Asked Questions – Remittance Facility
Who can avail our remittance facility?
The remittance facility is available for all our customers maintaining Current, Savings or OD accounts. To view the details for opening a new account with us please visit Personal/Corporate/Global Banking sections.
How to send remittance?
Request for remittances should be made in the branches or Customers can use our Internet banking/Mobile Banking (YONO)/ATM platforms to send remittance. For sending remittance through ATM, customers need to enroll the beneficiaries by visiting the branch. After enrolment, customer can use the transfer menu on our ATMs for sending remittance to India.
Why should you transfer funds through SBI (Mauritius) Ltd?
With its vast network in India, SBI is in a unique position to transfer funds to various places in the country. SBI has over 20,000+ branches to easily reach your family, friends or business. Our remittance service uses the NEFT platform of Reserve Bank of India for transfer of funds to other Banks.
For detailed process of remittance through ATM, please watch this video (Youtube Video)
What are the service charges for remittance?
All Rupee remittance transactions through our Retail Internet banking platform are Free. However, Rupee Remittance transactions through branches will attract charges as per schedule of charges.
For remittances to beneficiary accounts held in banks other than SBI, additional charges (e.g. National Electronics Funds Transfer {NEFT}, beneficiary bank charges etc.) if any, may apply.
Important Note:
While all efforts will be made to ensure timely delivery of funds to the beneficiaries, the Bank shall not be under any liability for any errors, negligence, default or any failure on the part of the remitting customer in furnishing vital information for good delivery of the funds. Please read Terms and Conditions for the remittance mentioned on the remittance forms.
