STATE BANK OF INDIA
New York

" State Bank of India, New York branch has temporarily suspended issue of Rupee drafts. You may choose to remit funds by sending a Rupee wire transfer (free of cost) or have a Rupee draft issued from a bank in India."

Important notice to customers: Remittance request (RMT-2I) received from individuals for Indian Rupee Remittances to India, and USD Remittances to SBI Branches in India, through fax/email would not be accepted and acted upon w.e.f. 06/01/2014. These remittances can be sent using Online Banking (Internet Banking) or by submitting the RMT-2I form at the branch in person and by postal mail only.

We request you to kindly register yourself (self-enrolment) for the internet banking login id by visiting our website www.sbiNew York.com/online.aspx

How to Apply For a Remittance to State Bank of India, New York
  • All INR remittances are free* irrespective of the amount. There are no fees levied by SBI. Other fees may apply.
  • Conversion from USD to INR is at a rate as displayed on the website. ( www.statebank.com )
  • Rapid** Transfer to over 24,017 branches of State Bank of India.
  • Remittances can be sent to an account maintained with any bank in India.
    • Electronic credit facility (through NEFT) is made to accounts in all branches of SBI and over 50000 branches of over hundred other banks in India.
    • * State Bank of India, New York does not levy any charges/fees/commission for rupee remittances to India irrespective of the amount. However for remittances to beneficiary accounts held in banks other than SBI, charges (e.g. National Electronics Funds Transfer {NEFT}, beneficiary bank charges etc.) if any, may apply.
    • ** The remittance may be delayed –
    • If your funds are not immediately available with us
    • If beneficiary details provided by you are incomplete & incorrect
    • Due to network failures/ technical problems outside the control of the sending / receiving branches.

Federal law requires all banks to identify their customers. Open a Checking/Money Market Deposit Account with us. Download the account opening forms (DEP 1 or DEP 3, DEP MC, along with Form ‘Register Recipient) and the remittance request form (RMT 2I).

The forms have a Step-by-Step Guide that will enable you to complete the process effortlessly. For subsequent remittances, you will need to fill only the remittance request form RMT 2I and send it to us by mail, fax (212 521 3363), scanned copy by e-mail (remit.nyb@statebank.com) or submit it in person at the branch. If we do not have your recipient registered with us (through a Form Register Recipient), we shall make a telephone call back to confirm the authenticity of the instruction in order to protect your funds and identity.

(Important Notice: Remittance request (RMT-2I) received from individuals for Indian Rupee Remittances to India, and USD Remittances to SBI Branches in India, through fax/email would not be accepted and acted upon w.e.f. 06/01/2014. These remittances can be sent using Online Banking (Internet Banking) or by submitting the RMT-2I form at the branch in person and by postal mail only.)

We request you to kindly register yourself (self-enrolment) for the internet banking login id by visiting our website www.sbiNew York.com/online.aspx

Please read the complete disclosure of account terms and fee schedule in the Customer Manual before applying for an account.
Forms Form No
Remittance Requests
Indian Rupee INR remittances to any Bank in India / USD remittances to a State Bank Branch in India RMT-2I
Wire transfers within USA / USD remittances to a non-State Bank Branch in India / Remittances in currencies other than USD / INR RMT-2C