For placing outward remittance or funds transfer request (forex) favouring yourself or third party from your NRE Savings Bank account or NRE fixed deposit account or FCNR (B) account holders to any account overseas. For this, you have to first add a ‘beneficiary’ and then place a request for remittance in his/her favour. The ‘beneficiary’ is to be added only once and the details thereof will be stored in our system, thereby enabling you to send multiple remittances to him/her at any time subsequently.

NRI customer with any of the following three types of accounts linked to his / her Internet Banking and transactions rights for Internet Banking, can place the request for sending outward remittance:

• NRE Savings Bank account

• NRE Fixed Deposit (TDR / eTDR / STDR / eSTDR) account

• FCNR (B) Account

Yes, you can place the request for transfer of funds from NRE or FCNR (B) deposit which is yet not matured. However, deposit will be closed prematurely and the applicable premature penalty will be levied.

If entire amount of deposit (including Principal and interest earned) is not being remitted, then please advise the tenor in the ‘Comment’ field for which deposit for the residual amount (balance amount after sending remittance) needs to be made. In case, if no instructions for creation of deposit for the residual amount is given by you, then deposit for the residual amount will be created as per the original deposit tenor at the existing interest rates.

Presently, this facility cannot be used for sending remittances through NRO account. For the purpose, please post / courier a request letter to your home branch. Please download a standard request letter by clicking on ‘For outward remittance from NRO account’ from ‘Download Forms’ section of our website.

There is no minimum as well as maximum amount criteria for this facility. However, your account should have that much funds equivalent to amount of remittance being sent.

Request can be placed for sending remittance in any of the following currencies:

Indian rupee will be converted into the foreign currency chosen for outward remittance at the TT Selling Card Rate applicable on the day of effecting the transaction.

SBI does not levy any charges for sending outward remittance. However, service tax as applicable and actual out of pocket expense (postage, courier & telegram) charges will be levied. Please note that, Intermediary bank (if any) or beneficiary bank may also levy their charges depending upon their charge structure.

You have to first add a ‘beneficiary’ and then place a request for remittance in his/her favour.

• Please login to your INB account

• Click on ‘Profile’ tab

• Enter your profile Password

• Click on ‘Manage Beneficiary’

• Click on ‘Outward Remittance Beneficiary for NRE / FCNR (B) Account’

• Enter details of beneficiary and submit it after entering OTP sent on your registered mobile number

• Please login to your INB account

• Click on ‘e-Services’ tab

• Click on ‘NRI Services’ appearing in the column on left hand side

• Click on ‘Outward Remittance from NRE / FCNR (B) Account’

• Please select / enter request details and click on Submit

Your request will be forwarded to your home branch in India, which will process your request within 2 - 3 working days.

Once your home branch has executed the transaction, a SMS and Email alert will be sent on your registered details confirming the execution of same.

Once you have placed your request online, it will be forwarded to your home branch to process the request. Funds will be debited from your account, as and when the branch will process your request. Your request will be processed in 2 - 3 working days.

International funds transfer facility through internet banking is only for resident Indian savings bank account holders only. So, it cannot be used by you for sending outward remittance from NRE or FCNR (B) account.

Please send an email to your home branch along with the details of the issue.