How much does SBI charge for inteional wire transfer?

My brother moved to Canada for his new job, so I am getting prepared to know more about online transactions nowadays. Since I have a bank account at SBI, I visited the bank to inquire about the SBI international transaction charges and learned about them from the officials. If you have the same concern, I can help you out.

How much does SBI charge for international transfer?

The SBI charges for international transactions as follow:

So this is the SBI charges for international transfer. 

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As you must know, you can make international bank transfers with the State Bank of India. You can transfer funds online to anywhere in the world after activating the beneficiary account. However, you will have to pay a fee for the same. Let me tell you about the SBI international money transfer charges:

SBI exchange rates and fees:

The State Bank of India generates a profit from applying a margin to the true mid-market value. That’s why banks are generally a more option to send money to any other part of the world.

The State Bank of India has its own foreign exchange rates for an international currency, and the average profit margins range from 1.0% to 3.0%. You might think that this margin is not much but it’ll have a detrimental effect on the transfer’s total value if you are sending large amounts abroad.

• Outward remittances in ₹: 0.125% of the total amount with a min. of ₹125

• Foreign currency outward remittances from NRO A/c via SWIFT/Wire transfer (SBI wire transfer charges): ₹100

Now you know about the SBI international wire transfer charges.

The additional costs solely include the taxes that are changed on every transaction. The tax rates are as follows:

This must have answered your query on “how much does SBI charge for international wire transfer”.

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This is all about the SBI international money transfer charges.