State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. A nationalised bank, it is the largest in India with 22,141 branches and 58,555 ATMs.
Sending money to SBI accounts in India is easy with Remitbee. It just takes six easy steps.
There are many benefits to sending directly to SBI with Remitbee. Here’s a quick overview:
Here is the information that you’ll need to complete the transfer through Remitbee. There are two separate delivery methods that have different requirements:
Wire transfer to bank account
Cash Pickup
We try to keep our fees as low as possible and assess rates daily to bring you the most competitive Indian Rupee exchange rates and SBI forex rates on the market. There are small fees when you choose to use bill, Interact or debit card payment methods, but you can also use the Remitbee Wallet without paying fees at any time. We are upfront about any fees, and you can see them in the application before you send money to India.
International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender’s bank to the recipient’s bank and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to INR, and the money is moved between accounts.
Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
Yes you can. As long as it’s from Canada, it doesn't matter if it’s an SBI net banking account, or from Surrey, Vancouver, Toronto, or Brampton, Remitbee has you covered for all your remittance needs.
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
The transfers typically take between 1 and 2 days, but some transfers happen instantly.
If you verify your identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.
Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:
The maximum amount of money you can send in INR is dependent on your account’s verification level.
We are also working on Verification Level 4 to provide our customers with even higher sending limits.
Remember, verification is a one-time process. Once you have been verified, there is no need to provide any other documents.