Instant Transfer (STP), DD(Demand Draft), e-remit are some of the facilities provided by SBI Singapore (StateBank) to send money to India. SBI has the following facility to send Singapore dollar (SGD/ S$) to India.
Instant Transfer (STP):
Money will be immediately credited to beneficiary account in India. That is, instant transfer to core banking accounts of state bank of india and SBI’s associate banks in India(see below for list of SBI associate banks )
SBI e-remit (Remit Plus):
SBI e-remit (online) is a Web-based portal where customers can remit money to India through Instant transfers. You can link your existing accounts with DBS Bank, POSB Bank, UOB Bank & Citi Bank in Singapore. Using e-remit facility you can apply for Instant Transfer or Demand Draft drawn on State Bank of India Branches worldwide.
SBI Demand Draft :
- Demand Draft by personal collection – Demand Draft will be handed over to you at our counter.
- Demand Draft delivered to your address in Singapore – Draft will be sent to your local address in Singapore by mail or courier.
- Demand Draft delivered to Beneficiary’s address in India – Demand Draft to be sent through SBI Express to beneficiary(beneficiary does not maintain account with SBI).
SBI associate banks in India
SBI associate banks include State Bank of Hyderabad, State Bank of Bikaner and Jaipur, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra and State Bank of Travancore.
- Checkout StateBank Singapore Exchange Rate.
Visit SBI Singapore e-remit to send money to India.