Charges

Given below is present charges structure for all the remittances sent using our SBI Express Remit Services offered on this site.

S.No. Type of Charges Amount
1. Remittance Charges Nil
2, Foreign Currency Conversion charges Rs.250 /-
3. Interbank Money Transfer Charges
(Money transfer through NEFT to accounts in banks other than SBI & associate banks)
Nil
4. Service Tax See Note below

The above charges structure is subject to change.

NOTE

GST for conversion of Foreign Currency to Indian Currency or Vice-versa is revised by the Government of India, Ministry of Finance with effect from 1st July, 2017. The revised tax rates are as follows

  • Upto Rs.1,00,000: 1% of the gross amount of currency exchanged for an amount of Rs.1,00,000, subject to minimum of Rs.250/-
  • From Rs. 1,00,001 to 10,00,000: Rs.1000 plus 0.5% of the gross amount of currency exchanged for an amount of rupees
    exceeding Rs. 1,00,000 and up to 10,00,000
  • Above Rs. 10,00,000: Rs. 5,000 Plus 0.10% of the Gross amount of currency exchanged for an amount of rupees
    exceeding 10,00,000 subject to Maximum amount of Rs. 60,000/-
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