Forex Advance Payment Inward Remittance Collection
Foreign Inward Remittance
Foreign Inward Remittance
- Foreign Inward Remittance
- List Of Branches
- Features
Foreign Inward Remittance
Sending remittances to India for credit to your account with our bank or for your family is very simple and convenient with our wide foreign offices network and correspondent banking arrangement with about 600 banks worldwide. Wherever in the world you may be, there is our office or a bank having corresponding banking arrangement with our bank to provide facilities of remittances.
You could use any of the following ways to send the remittances.
- SBI Express Remit Facility
- Demand Drafts in Rupees
- Telegraphic/wire transfers
- Personal cheques/ travelers cheques (in person only)/ DDs in foreign currency
Demand Draft in Indian Rupees
You can obtain a DD in rupees issued by our offices/ correspondent banks (click here) or exchange companies in UAE, Bahrain, Oman & Qatar (click here) having Rupee Drawing arrangement with our bank and mail it to the branch of SBI where your account is maintained.Rupee DDs obtained from exchange companies in the Gulf drawn on designated branches of SBI under Rupee Drawing arrangement are immediately paid on receipt or through clearing and amount credited to your account without any deductions.
Telegraphic Transfer/Wire Transfers
For quick credits to your account you can send wire transfer/ telex transfers through our offices/ correspondent banks. Facility of transfer by wire /telex is available at branches having SWIFT/ TT drawing arrangements. For transferring funds through our corresponding banks you may furnish details in the following format.
Standard format for Telegraphic/Wire Transfer
| 1. | Pay to | Name and address of our correspondent bank (also mention SWIFT/ABA/Routing No./CHAPS) |
| 2. | For credit of | FD Kolkata Nostro A/C No. |
| 3. | Beneficiary bank and branch with Code No. | SBI.Branch (code) |
| 4. | Beneficiary's name & address: | |
| 5. | Beneficiary's A/c. No. | |
| 6. | Purpose/ Invoice no./ Funds to be used for opening of FCNR/NRE A/C | |
| 7. | Name &Address of remitter |
Personal cheques/ DDs/ Travellers cheques (in person only)
You can also deposit your personal cheques drawn in foreign currencies payable at foreign centres for credit to your account or for issue of NRE/ FCNRB deposits Proceeds of the cheque collected through our own Global Link Service (GLS) or through accredited correspondents will be credited to your account after some cooling off period depending on the currency of the cheque.
- For your queries in regard to remittances please look up FAQs in NRI BANKING section of our web-site sbi.co.in
List Of Branches
THE LIST OF BRANCHES where 3-in-1 a/c can be opened
Code No: 0353
Address: Asst. General Manager
State Bank of India
Dadar Branch,
Sharita Mansion,
S.G. Marg, Dadar T.T.,
Mumbai 400 014
Maharashtra
Contact No: 24113939
Code No: 0510
Address: Asst. General Manager
State Bank of India
Pedder Road Branch,
Kalpataru, 39, Pedder Road,
Mumbai 400 026
Maharashtra
Contact No: 23513586, 23513588
Code No: 4234
Address: Chief Manager
State Bank of India
Personal Banking Branch,
101, Delta,
Hiranandani Garden,
Hiranandani Complex,
Powai, Mumbai 400 076 Maharashtra
Contact No: 25702826
Code No: 0516
Address: Asst. General Manager
State Bank of India
Ghatkopar (E) Branch,
Mahatma Gandhi Road,
Post Box No. 7260,
Mumbai 400 077
Maharashtra
Contact No: 25156665, 25127210
Code No: 1862
Address: Asst. General Manager
State Bank of India
Nepeansea Road Branch,
Laxmivilas Building,
Nepeansea Road,
Mumbai 400 006.
Maharashtra
Contact No: 23676710, 23679784
Code No: SB0551
Address: State Bank of India
Borivali (West) Branch
Agora Business plaza
First & Second Floor
Opp. Flyover
Borivali (West)
Maharashtra
Contact No: 28990168, 28997023
Code No: SB0548
Address: State Bank of India
Linking Road Branch
Mumbai 400 052
Maharashtra
Code No: SB6945
Address: State Bank of India
Nariman Point Branch
Dalamal House
Jamnala Bajaj Marg
Nariman Point
Mumbai 400021
Maharashtra Sbi_npt@vsnl.net
Code No: SB4296
Address: State Bank of India
Plot No 6A
Sion Bhagini samaj Buildging
Swami Shri Vallbhdas Marg
Sion (W)
Mumbai 400022, Maharashtra
Contact No: 24044847
Code No: SB8075
Address: State Bank of India
Evershine Nagar
Malad (W)
Mumbai 400064, Maharashtra
Contact No: 28807985
Code No: 4650
Address: Asst. General Manager
State Bank of India
Andheri (W) Branch
Opp. Shoppers Stop,
Rahul Apartments,
S.V. Road, Andheri (W),
Mumbai 400 058.
Maharashtra
Contact No: 2607494, 2607306
Features
Lien Marking facility
- A unique facility by which you can 'Block Funds' in your own savings account or 'Block Shares' in your Demat account to trade online.
- The funds/shares will be actually transferred to the broker's account at the end of the day only if the transactions placed by you are executed. Thus, fund released is only a net debit or credit based on your net obligation, making it absolutely hassle free.
- Instant and automated net payout of funds and securities.
Multiple product offering:
- Get access to the complete range of products from secondary market equities in the cash and derivatives segment.
- You can save yourself of all the hassles of filling tedious application forms to participate in IPO's by applying online.
- So get Equities, Commodities, Mutual funds and IPO's under single point of contact. BNST (Buy Now Sell Tomorrow) option with limited stock is also available.
- Option of differentiating Intraday and delivery trades.
- No margin for square off of open positions, sell shares available in the SBI demat account.
- Live quotes of NSE–Cash/Derivative, BSE Cash, Commodity. Create multiple market watches, default market watch – NIFTY, SENSEX, Industrial. You can add NSE-Cash, Derivative & BSE script on the same market watch.
- Get access to various online reports like margin report, Demat A/c details, trades executed, turnover report, net position report with mark to market profit/loss and realized profit.
- Access to latest research reports, daily market dairy, pivot points, derivative dairy.
- View top 20 shares by value or volume traded, along with top gainers / losers.
- A refreshing experience of getting outstanding research based advise equity and derivatives on the same screen.
Dedicated customer care
- Avail services 24 X 7 through our dedicated customer care telephone numbers or at ez-trade@sbi.co.in
Advanced Technology Platform
- Single screen order/trade entry, without going through the hassles of giving transfer instruction, writing cheques.
- Instant order/trade confirmation gives you similar trading experience as exchange based software without the burden of overhead and maintenance cost.
- You can be assured of the highest level of safety as SBI's Online Banking system is powered by VeriSign, the world's leading Internet certification authority which is a 128 bit encryption based secured transaction platform.
- Online Trading system use Secure Sockets Layer (128-bit SSL) technology to protect the security of your online information. SSL encrypts all personal information including your user id, Password, Reports Like (Order Book, Trade Book, Net position etc.) and Order Entry Form. Trading System has a Password Policy where by the password will be generated by the system and supplied to you in Pin Mailer, which has no manual intervention. The data is stored in an encrypted format.
- Our advanced technology offers you seamless execution of transactions which gives you a feel of real time experience and enables you to encash on every possible opportunity.
Last Updated On : Wednesday, 29-01-2020
Interest Rates
6.70%* p.a.
w.e.f. 01.05.2021
7.50% p.a.
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
7.25% p.a.
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
Forex Advance Payment Inward Remittance Collection
Source: https://sbi.co.in/web/personal-banking/information-services/kyc-guidelines/foreign-inward-remittance
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