SBI Online Money Transfer has made it completely easy for the customers to make fast and safe money transfers without having to visit the branches of the bank. SBI Bank utilizes the most advanced technologies to provide hassle free banking services to its customers. If you are an account holder of the bank then you can conduct a number of transactions that include;
  • Fund transfer to your own account
  • Third party transfer
  • Inter-bank transfer
  • Demand draft request, etc
State Bank of India online money transfer is one of the best ways to send cash without the hassles of writing cheques and fixing stamps. You can make wire transfer to SBI Bank and its associate banks in the country. To make the transfer, you will have to apply for wire transfer at your local bank and ask them to route the transfer. You can make online money transfer to India from UK, New York, Chicago and various other cities of the world through SBI branches that offer SWIFT facility. There are around 450 SBI branches that offer SWIFT facility. The best feature of online money transfer is that the funds will be received on the next business day.

SBI online money transfer charges will differ depending on the place where the branch of the bank is located. For instance, if you are making an online money transfer to SBI, New York, a flat fee of $30 will be deducted from the total amount received by the branch. On the other hand, SBI branch in California provide Instant transfer of funds in Rupee to India. Instant transfer can be defined as a real time money remittance facility made available in core banking branches of SBI Bank. On the other hand, SBI offers Inter Bank Transfer which is a special type of service that enables the customers to transfer funds electronically into their accounts with other banks in India.

State Bank of India also offers State Bank group transfer, a special fund transfer facility that allows you to make fund transfers between all the branches of SBI Group. In this mode of fund transfer, there is no minimum or maximum amount that can be transferred. Under normal condition, the beneficiary branch will receive the fund in real time after the transfer is made by the remitting branch of the bank. All kind of inquiries related to wire and online money transfers can be made at any of the nearest branch locations of the bank. You can also track your remittance online by getting enrolled for Internet Banking services offered by the bank. All the comprehensive details on internet banking can be availed from onlinesbi.com