Charges

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

Type of Charges Amount
1 Remittance Charges Nil
2 Foreign Currency Conversion charges Rs250
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, 2016 are as follows.

  • 1. Service Tax is calculated as below:
    1. a. 0.15% of the gross amount of currency exchanged for an amount of up to rupees 1,00,000 subject to minimum of Rs.38/- and.
    2. b. Rupees 150 and 0.075% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to rupees 10,00,000 and
    3. c. Rupees 825 and 0.015% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000 subject to a maximum amount of rupees 7000.
    4. d. Swatch Bharat Cess and Krishi Kalyan Cess are included in the above rates.
  • 2. For more details please click here