State Bank of India review
3.4Est. 1955
State Bank of India offers international remittance services through SBI Remit and its global branch network. India's largest bank by assets.
Countries
20+
Currencies
15+
Speed
1-3 business days
Fees
$5-$25 per wire transfer
State Bank of India overview
State Bank of India is a high-street bank, founded in 1955 and based in Mumbai, India. State Bank of India's regulators: RBI (India), FinCEN, FCA.
Pros
- Direct credit to any Indian bank account
- India's most trusted bank brand
- Global branch network
Cons
- Higher exchange rate markup than fintechs
- Slower than dedicated transfer services
- Less user-friendly online experience
State Bank of India features
SBI Remit
Branch network
NRI services
State Bank of India transfer details
HeadquartersMumbai, India
RegulatedYes
RegulatorsRBI (India), FinCEN, FCA
Min Transfer$50
Max Transfer$25,000
Payment MethodsBank Transfer
Delivery MethodsBank Deposit
Exchange Rate Markup1.5% - 3% above mid-market
Published by State Bank of India. Not measured by us; State Bank of India’s limits and methods vary by country.
Compare State Bank of India
State Bank of India head-to-heads
State Bank of India vs Wise→State Bank of India vs Remitly→State Bank of India vs OFX→State Bank of India vs XE Money Transfer→
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Comparisons
- State Bank of India vs Wise
- State Bank of India vs Remitly
- State Bank of India vs OFX
- State Bank of India vs XE Money Transfer