Send money to India

1.00 CAD

Fast and secure

Why choose SBM Bank?

SBM Bank (India) is a comprehensive bank that obtained a banking license from the Reserve Bank of India in 2018 via the Wholly Owned Subsidiary route. Operating with 11 branches spread throughout India, they provide a diverse range of digital products accessible through multiple channels.

Under the leadership of MD & CEO Sidharth Rath, the bank is based in Mumbai and boasts a workforce of over 350 employees. SBM Bank (India) functions through three distinct business divisions—Corporate, Retail, and Treasury—catering to a broad clientele that includes retail customers, MSMEs, NRIs, large corporates, and institutions.

Don’t just take our words for it

We have thousands of happy Remitbee users to back it up

umar shameem

Sending money to India with RemitBee was a game-changer! They made it so simple and worry-free, I'm impressed!

Sindhura Tejaswi

I can't thank RemitBee enough for their amazing service. Sending money to my family in India is now a joy!

Ankit Jaswal

RemitBee has become my trusted companion for sending money to India. It's like they truly understand my needs!

Easy with Remitbee

How to Send Money to SBM Bank

Register for a Free Remitbee Account

Start by signing up for a complimentary Remitbee account, granting you access to a secure Remitbee Wallet and your personal account.

Provide Your Personal Details

Share essential personal information, including your full name, address, occupation, and complete email and phone number verification.

Enter Recipient Information

Input the recipient's bank details, including the bank name and account number, and choose between fund collection or direct deposit.

Review the Exchange Rate

Examine the CAD to INR exchange rate, specify your transfer amount, select your preferred payment method, and confirm the transaction. Please note that payment method fees remain consistent, regardless of exchange rate fluctuations.

Track Your Transaction

After completing all necessary steps, we will initiate the transfer, allowing you to conveniently monitor its progress through the Remitbee app as it heads to India.

Make a Positive Impact

Sending money online to support your family in India makes you a valuable contributor, and our mission is to provide you with a service that truly deserves such recognition.

Send to all major banks in India

What information you’ll need to complete the transfer

Wire Transfer to Bank account

Recipient's name: Ensure precise alignment of the recipient's name with their bank records to prevent any transfer delays.
Address: Share the branch address to ensure accurate routing of funds to the recipient's city.
Bank Name: Specify the name of the Indian bank to which you intend to send the money.
Account Number: Include the recipient's account number for a smooth transfer to their account.

How Remitbee calculates the CAD to INR exchange rate

Our objective is to minimize fees and continually revise our rates to offer you the most competitive exchange rates for Indian Rupees and SBM Bank forex rates available in the market. While there are nominal charges linked to bill payments, Interac, or debit card transactions, you also have the option to utilize the Remitbee Wallet without incurring any fees. We prioritize transparency in all fee-related matters, and you can easily review them within the application before seamlessly initiating your money transfer to India.

What are the benefits of sending
directly to SBM Bank ?

Enhanced Security

Experience a higher level of security compared to traditional offline methods.

Swift Transfers

Expedite the transfer process, ensuring the prompt delivery of your funds to the intended recipient.

Convenient Usage

Easily initiate the transfer from the comfort of your home.

Instant Accessibility

Gain immediate access to your funds upon the successful completion of the transfer.

How international money transfers work

The SWIFT network streamlines international wire transfers by enabling the sender's bank to transmit transfer instructions to the recipient's bank. Relevant fees are assessed before approval, and in addition, one of the participating banks determines the CAD to INR exchange rate, enhancing the efficiency of transferring funds between accounts.

Check our refer and earn program!

Discover RemitBee's exciting referral program, unlocking fantastic rewards! Earn a generous $20 reward for every successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend needs to send a minimum of C$200 or exchange at least C$1,000. With plentiful referral opportunities, kickstart your earning journey with RemitBee today!

Best way to send money from Canada on the go

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.

Frequently Asked Questions

Can I send money to an SBM Bank account using Remitbee?

Absolutely, you can! Remitbee is fully equipped to accommodate your remittance requirements, as long as the transaction originates in Canada.

How can I pay for my money transfer to SBM Bank?

You have the option to make your payment using Interac e-Transfer, Interac Online, bill payment, electronic funds transfer, or Visa or Mastercard Debit.

What delivery methods are available for the money transfers to India?

The funds will be swiftly transferred to SBM Bank and promptly credited to the recipient's account, enabling them to track the arrival of the funds. Usually, this process is finalized within one business day, although in specific cases, it can be as quick as a matter of minutes.

What is the maximum amount I can send to an SBM Bank account?

Once your identity has been successfully verified on our platform, you can begin transfers of up to 1,000 CAD per day, with a monthly transaction limit of 50,000 CAD.

How much does Remitbee charge to send money to India bank accounts?

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

Interac Online - $2.99
E-transfer - Free
Bill Payment - Free
Electronic funds Transfer - Free
Visa or Mastercard Debit - $2.99+

What is the maximum amount you can transfer to an SBM Bank account from Canada?

Here are the different Verification Levels along with their corresponding sending limits:

Verification Level 1: This level allows you to send up to 1,000 CAD per day and a maximum of 3,000 CAD per month.
Verification Level 2 (Recommended): Upgrading to this level provides access to higher limits, allowing you to send up to 3,000 CAD daily and up to 25,000 CAD monthly.
Verification Level 3 (For Extensive Needs): With Verification Level 3, you can achieve even higher sending limits, enabling you to send 9,000 CAD daily and up to 50,000 CAD monthly.
Stay tuned for Verification Level 4, which is currently in development and will offer even more substantial sending limits. It's important to note that the verification process is a one-time requirement, and once verified, there's no need to submit any additional documents.