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Money Transfer

Money Transfer

Use the SBI Canada Bank to move your money freely

       1. Transfer the funds at one of the lowest costs in Canada.

       2. Benefit from the personalized service at our Branches.

       3. Benefit from the competitive exchange rates offered by us to give you the full value of your money.

       4. Enjoy fast, reliable & secure service. The beneficiary account gets credited normally within two business days.

You may want to transfer funds to your family members or friends to any place in India or any other overseas location. At SBI Canada Bank, we make this process easy and fast. You can transfer your money very quickly at one of the cheapest applicable rates in Canada. Draw upon the enormous network of our Parent Bank State Bank of India, which is the largest financial group in India. Experience the power of 20,325 SBI Group Branches in India and 186 International Offices spread across 34 countries. With this expansive network, you can reach almost everywhere in the world in quick time and at a low cost.

The transfer of funds can be done in Indian rupees or in other currencies such as USD/CAD/ GBP/ EUR/JPY.

You can transfer money not only to State Bank of India, but to any Bank in India of your choice.

SBI Canada Bank offers remittance services through multiple channels which are adapted to suit your needs. Use any of the following methods to transfer funds:

1. Visit any SBI Canada Bank Branch and you may use one of the following options:

 

Money Transfer options

Fees

Limits

1

Wire Transfer for remitting Indian Rupees (INR)

C $/ USD $ 10.00

If you are maintaining an account with any Branch of SBI Canada Bank, you can transfer unlimited funds through the account
(However conditions and disclosures apply for any remittance beyond
C $4000.00 or it
s Equivalent.)
(
Latest Service Charges)

2

Wire Transfer (Other currencies)

C $ 50.00

3

Purchase a Demand Draft (INR)

C $ 50.00 per draft

4

Purchase a Demand Draft (Other currencies)

C $ 75.00per draft

 

2. Use the online platform Net Banking simple by registering/ logging by clicking HERE

Use the comfort of your home & leisure to transfer funds both in Canadian Dollars or USD

 

*Special Offer: In these difficult times, we stand with you!

Be closer to your loved ones and send remittance to INDIA free of charge by using our online platforms: Net banking and SBI Canada Anywhere Mobile App. Starting from April 14, 2020 the online remittances transactions will be Free of Charges.

 

3. To perform fund transfers through your smartphone, simply download SBI CANADA Anywhere App from Apple Store (IOS Users) or Google Play (Android Users. Once downloaded, please click "Register" and enter your Internet Banking User ID & Password before using our SBI Canada Anywhere App.

 

Online Platforms

Fees

Limits

Wire Transfer (Net Banking)

 

Wire Transfer (Mobile Banking)

C $/ USD $ 5.00

 

Free of Charge

A maximum limit of C $ 10,000.00 per day / OR the Canadian equivalent if transferred in USD

 

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