Service Information
Customers of State Bank of India Australia can
use e-Remit an online facility to send cross
border payments in AUD and 8 major currencies of
INR, USD, EUR, GBP, NZD, SGD, NPR and CAD by which
Registered Customers (Customers who have
completed their Identity Verification Procedure)
can submit their International Money Transfer
Requests online. The State Bank of India e-Remit
facility is a convenient, secure and efficient
way for Registered Customers to send payments to
major destinations like India, USA, UK, Europe,
Singapore, Nepal, NZ, Canada^. State Bank of India Australia's
e-Remit online facility operates 24 hours a day,
7 days a week offering you the freedom to do
online transactions at a time of your own
choosing, and lock-in the exchange rate given to
you at the time of transaction. As the
Australian Branch of State Bank of India - the
largest commercial bank in India - we can offer
competitive quotes for major currencies of INR,
USD, EUR, GBP, NZD, SGD, NPR and CAD.
The main advantages of using e-Remit are :
- Cost Saving of up to 80% with Competition.
- Competitive and Variable Exchange Rates.
- BPAY®^, PayID® and PayTo®* enabled transfer Acceptance.
- Choose to receive SMS alerts to your Australian mobile.
Remittance Method
The online portal offers two options to transfer the funds to us - BPAY®^,PayID® and PayTo®.
- We offer either BPAY®, PayID® and PayTo®* to transfer funds via e-Remit to us..
- We do not accept payment by cash
Charges for REMITTANCE and INDIA SERVICES
Current remittance charges (subject to change from time to time based on bank?s directives) :
| SL NO | Particulars | Charges (in AU$) | ||||
|---|---|---|---|---|---|---|
| INR Remittance | Applications through E remit | Paper based Remittance application | ||||
| Amount in AU($) | Bpay Option AU$ | Amount in AU$ | Charges | |||
| $1 - $1000.99 | $ 2 | Upto AU $25000.00 | AU$ 10.00 | |||
| $1001.00 - $10,000.99 | $ 4 | Above AU$ 25000.00 | NIL | |||
| $10,001.00 - $24,000.99 | $ 8 | |||||
| More than $25,000 | NIL | |||||
| Remittance in Other Currencies1(US$; GBP;EUR;CAD;NZD;SGD) | AU$10 | |||||
| Remittances AUD to AUD | $ 30.00 | |||||
| Reprocessing of Error (in Each Instance) | $ 10.00 | $ 10.00 | ||||
| Dis-Honour of Direct Debit | $ 15.00 | $ 15.00 | ||||
| Request for Return of Fund AUD-INR (if transaction is already processed by us) | AU$ 15.00 + Conversion @ TT Buying rate of request date | AU$ 15.00 + Conversion @ TT Buying rate of request date | ||||
| Request for Return of Fund - Multi currency(if transaction is already processed by us) | AU$ 15.00 + Conversion @ TT Buying rate of request date | AU$ 15.00 + Conversion @ TT Buying rate of request date | ||||
| Request for old record(more than 3 months) |
Records available in e-remit and required on SBI letterhead Active customers - NIL Inactive customers - AU$ 15.00 |
AU$ 15.00 each transaction | ||||
| Verification of Loan Documents | AU$ 25 per set | |||||
| Life Certificate of SBI Pensioner | NIL | |||||
| Attestations : | ||||||
| a. Account opening Documents for SBI Branches | a. $25.00 per application | |||||
| b. Any other additional document | b. $ 10.00 per page | |||||
| c. Life Certificates | c. NIL | |||||
1Correspondent Bank charges may be applicable
*** Charges can be paid separately or can be adjusted in remittance amount as per instruction of the customer
^BPAY® is a trademark registered to BPAY® Pty Ltd in Australia.
Product Issuer is State Bank of India Australia ABN 95 082 610 008 AFSL 238340.
