The remittance may be delayed -

• We can send these remittances to 450 branches of SBI in India that are authorized to handle foreign exchange.
• If your funds are not immediately available with us
• If beneficiary details provided by you are incomplete & incorrect
• Due to network failures/ technical problems outside the control of the sending / receiving branches.

Conversion to Indian Rupees and Exchange Rate applied in India

If the amount in USD is to be converted to Indian Rupees in India, it shall be done by the branch in India to which the SWIFT message is sent. While the exchange rate is not known in advance (due to difference in time zones), exchange rate offered by SBI in India is generally very competitive.

Federal law requires all banks to identify their customers. Open a Checking/Money Market Deposit Account with us. Download the account opening forms (DEP 1 or DEP 3, DEP MC, along with Form ‘Register Recipient) and the remittance request form (RMT 2I).

The forms have a Step-by-Step Guide that will enable you to complete the process effortlessly. For subsequent remittances, you will need to fill only the remittance request form RMT 2I and send it to us by mail or signed request through Online Banking Secure Message System or submit it in person at the branch. If we do not have your recipient registered with us (through a Form Register Recipient), we shall make a telephone call back to confirm the authneticity of the instruction in order to protect your funds and identity.