What is SBI Express Remit?

State Bank of India is India’s largest bank. SBI is providing a NRI money transfer service called SBI Express Remit for transferring money to India. You can transfer money from United States, UK and Singapore to India.

How to Open an Account with SBI Express Remit

To open an account you need to furnish all information about your stay abroad. You need to give your foreign address, purpose of stay and your savings account details. To sanction your account it might take around two days. Then the confirmation procedure will follow which will confirm the savings account given by you. In this process your savings account will be deposited by SBI Express Remit with two small amounts. This process will also consume one or two more days.

After confirmation, you can add beneficiary to your account and then can transfer funds to his account.

How to Transfer Money with SBI Express Remit

After opening account at SBI Global Remittance, you can add your beneficiary account to it. Then you can transfer money to India. The time required for transfer is 5 to 8 days. SBI Global Remittance service allows this transfer to a bank account from almost all main banks in India. SBI Express Remit process is trouble free and secured.

What should you use SBI Express Remit?

SBI Global Remittance/SBI Express Remit is a completely web based service to transfer money to India. The features and benefits are as follows:

• It is the most safe and inexpensive way to transfer money to India.
• Minimum amount of 50 USD and maximum of 10,000 USD per day can be transferred to India.
• The exchange rates offered are best and no charges are applied.
• You can transfer money to over 12,000 branches of State Bank of India and almost 40,000 branches of other main banks in India.
• You can track your transaction online.
• This facility is available for 24x7.
• The process of transferring money is totally online.
• Registration or opening account is one time process.
• The beneficiary can avail SMS facility.
• ACH or Automated Clearing House mechanism feature is available.
• In 3 business days the money will be credited in account of beneficiary.

SBI Express Remit is the most trustworthy money transfer service as it is provided by one of the most reliable main banks in India. Though registration process is a bit lengthy, it provides a secured and safe remittance to India.