SBI FCNR Deposit is an online money transfer service for NRI/PIO individuals for opening of FCNR (B) Deposit Accounts in US dollars. You can send money from your US Bank account to your existing NRE or FCNR account in US Dollars with designated SBI branches in India. There is no Charges for using SBI Express US FCN.
You should have an existing NRE or FCNR account with the designated branch to use this service. SBI Express Remit-FCNR(B)USD uses the US Automated Clearing House (ACH) network to initiate a debit to your US Bank account.
- No Charges for using SBI Express US FCNR
- Free transfer of US Dollars from your Bank Account in USA
- You need to have an existing NRE/FCNR account with the designated branch of SBI in India
- FCNR(B) deposits at attractive interest rates
- Principal and Interest fully repatriable without any exchange risks
- Interest will commence from date of credit to our US Account
For using the service, you will need to register yourself with onlinesbi.
