SBI CAD to INR

SBI Canada Bank provides some of the friendliest costs when transferring money from Canada to India. On top of that, you can enjoy a quick, reliable, and safe money transfer service.

SBI is an acronym for State Bank of India, one of the largest banks with a vast network. Indeed it has over 180 offices in more than 34 countries globally. Thus, it's more convenient if you're outside India and would like to send money.

Another advantage of SBI is that you don't have to be a customer to use the service.

How to Transfer Money to India

You can transfer money to India via the Internet Banking service available in USD and CAD.

The first step is to create an online account either for corporate or personal use.

If you already have an account with SBI, you can use the online account opening feature to activate banking services such as checking, savings, and money transfers.

If you're not an SBI customer, you must meet the following eligibility when opening an account:

Have a Canadian and Indian Passport
Have a Canadian Driver's License
Have proof of residence documents such as a PR card and Provincial ID card
Have valid identification documents.
You can apply at the SBI Canada branches or Canada Post Outlet.

To manage your personal banking needs more efficiently and send money quickly, you can download the YONO SBI Canada app from Google Play or the App Store.

To send money, you'll need to provide the following information:
The recipient's name. Ensure the name matches their bank account details.
The recipient's address, including their physical address and name of the city.
The name of the bank and branch.
The account number of the recipient.
You must also choose the purpose of the remittance.

The time taken for the recipient to receive the money depends on the mode of transfer. For wire transfer, your money will reach the recipient within two business days.

SBI Instant Transfer

SBI has an instant transfer feature, a real-time money transfer service for sending INRs from Canada or other eligible countries to your recipient's SBI account.

The fees charged for instant transfer may vary depending on the branch and country. However, you’ll know the fees payable when initiating a transfer.

Alternative to SBI: RemitBee

Choosing the best money remittance service for you is essential. With RemitBee, you can be confident that our remittance services are uncomplicated and will give you the best deals possible. As a matter of fact, our rates and fees are better than average banks and SBI.

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