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State Bank of India
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
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
Key Features
SBI Remit
Branch network
NRI services
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