Remittance

(Money Transfer to India)

Send money to India from anywhere.

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Open a Remittance Registration Account with only $10* and enjoy Mobile & Online Remittance Services!

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New Customer Offer

 
Use promo code WELCOME50 and get 50 paisa better than SBIC's base exchange rate on your first transfer up to $3000*. Offer ends March 31, 2024 and applies to online account openings only.

Features

• Attractive and competitive USD to INR exchange rates 
• One of the FASTEST ways to send money to India - receive transfers generally within a few hours! 
• Three convenient ways to send transfers: Online, SBIC Mobile App, or at any SBIC Branch
• No fees on any transfer amount for transfers completed via SBIC Mobile App or Online Remittance Service up to the daily limits
• Check writing not available for this account

Remittance Limits

Online

$50,000 per day*

Mobile

$25,000 per day**

In Branch 

No Limit

*An account with SBIC is required to send remittance. Promotion is only available online and applicable to $3,000 of your first remittance. Amounts over $3,000 will be exchanged at our standard base rate. For accounts opened online, the limit is $25,000.00 per day and $50,000.00 per month. For accounts opened at one of our branches, the limit is $50,000.00 per day. Online remittances above $35,000.00 may take up to 1 to 2 additional business days to receive credit in beneficiary account.

**Mobile remittance limit is $25,000.00 per day and $50,000.00 per month.

The Bank considers "per day" from 12:00:00 AM PST to 11:59:59 PM PST on the same calendar day, and considers "per month" as any 30 consecutive days. 

            

For Personal Accounts Only (Non-Business)

You can cancel your Remittance transfer Online or through the Mobile App, or by calling 1-855-215-0903 for a full refund within 30 minutes from when you submitted your remittance. If you think there has been an error or problem, please call us at 1-877-707-1995 within 180 days of the Remittance transfer in question.

Please Note:

For questions concerning SBIC Remittance Services contact us at 1-877-707-1995 (Mon-Fri, 8:00 AM to 4:30 PM PST) for assistance.

See Today's Exchange Rates

Additional fees/charges may apply. For remittances above $10,000 and for any changes made to beneficiaries, you will receive a verification call. Call charges may apply depending on your carrier. For details and pricing for Remittances initiated in-branch, please see the Business Banking Schedule of Fees and Charges or Personal Accounts Schedule of Fees and Charges, as applicable.

 

 

 

 

 

 

 

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