Sbi International Money Transfer Charges Calculator
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Reviewed by Calculator Editorial Team
Use this calculator to estimate the charges for sending money internationally through State Bank of India (SBI). The calculator provides an estimate based on current SBI exchange rates and fees. For exact amounts, always check with your bank or use official SBI transfer services.
How to Use This Calculator
To calculate your SBI international money transfer charges:
- Enter the amount you want to send in Indian Rupees (INR).
- Select the destination country from the dropdown list.
- Choose the currency you want to receive.
- Click "Calculate" to see the estimated charges.
The calculator will display the total amount you'll receive, the exchange rate used, and the applicable fees.
Formula Used
Calculation Formula
Total Amount Received = (Amount to Send - Transfer Fee) × Exchange Rate
Transfer Fee = Base Fee + (Amount to Send × Percentage Fee)
The calculator uses SBI's current exchange rates and applies the following fee structure:
- Base fee: ₹50 for amounts under ₹10,000
- Percentage fee: 0.5% of the transfer amount
- Minimum fee: ₹50
Worked Example
Example Calculation
If you send ₹5,000 to the US and the exchange rate is 1 USD = ₹75:
- Transfer Fee = ₹50 (base) + (₹5,000 × 0.5%) = ₹50 + ₹25 = ₹75
- Amount After Fee = ₹5,000 - ₹75 = ₹4,925
- Amount Received = ₹4,925 × (1/75) = $65.67 USD
Understanding Transfer Fees
SBI international money transfers typically include:
| Fee Component | Description |
|---|---|
| Base Fee | ₹50 for amounts under ₹10,000 |
| Percentage Fee | 0.5% of the transfer amount |
| Exchange Rate | Current SBI mid-market rate |
| Service Tax | 18% on the total transfer amount |
Important Notes
- Fees may vary based on your SBI account type and destination country.
- Exchange rates are subject to change and may differ slightly from the calculator's estimate.
- Always confirm the exact charges with your bank before making a transfer.
Frequently Asked Questions
How accurate is this calculator?
This calculator provides an estimate based on SBI's published fee structure and current exchange rates. For exact amounts, always check with your bank or use official SBI transfer services.
Can I transfer money to any country?
SBI typically allows transfers to over 50 countries. Check the calculator's country dropdown for available destinations.
How long does an international transfer take?
Processing times vary by destination country. Most transfers complete within 3-5 business days.
Are there any hidden fees?
The calculator shows the main fees. Additional charges may apply based on your account type and destination country.
Can I track my transfer?
Yes, SBI provides tracking services for international transfers. You'll receive a reference number to track your transaction.