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

Service Tax for conversion of Foreign Currency to Indian Currency or Vice-versa is payable to the Government of India, Ministry of Finance. The service tax rates with effect from 1st Day of June, 2015 are as follows:

Service Tax is calculated as below:
  • 0.14% of the gross amount of currency exchanged for an amount of Rs.1,00,000, subject to minimum of Rs.35/- ; and
  • Rs. 140 and 0.07% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to 10,00,000; and
  • Rs. 770 and 0.014% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000; subject to a maximum amount of Rs.7,000/-
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