If you have friends of family in India, chances are that you have experienced the difficult task of trying to send them money. While it is common knowledge that it is unsafe to send cash, or even cheques, in the mail, many money transfer services can also be expensive and unreliable. If the recipient of your funds does not have the proper documentation and identification on the other end, they may not even be able to pick up the money you have sent them. An SBI money transfer is an easy way to avoid the hassle usually associated with sending money internationally. By working directly through the State Bank of India, you can be sure that the money will arrive safely, and you need pay only minimal fees.
SBI offers two easy ways to transfer money. The first, and most traditional, is through an actual brick-and-mortar bank branch. This may be easy or difficult, depending on where you live. Although SBI has branches internationally, they are not always easy to find. In many small towns, they simply do not exist. If you are able to find a branch, however, you will find that this is a fast, safe way to send money. Although it is easiest if you are already an SBI member, money transfer services are available for non members as well. Remittance fees vary from branch to branch, but are generally quite low.
The State Bank of India also offers online transfers for their online banking customers. If you already bank with SBI, this is the easiest way to send money abroad. SBI offers two methods of online transfer: wire transfer and direct debit transfer. Although online transfers are not quite as fast as the instant in-branch transfers, what they lack in speed they make up for in convenience. Whether you are at home or are out and about with your smart phone, you need only log into your account to start your SBI money transfer. If you have any problems, SBI also offers web assistance and will help get your transfer back on track as son as possible.