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Inward Remittance in Foreign Currency

Procedure  : For transferring funds from a foreign country through our Nostro Account with the correspondent banks, for crediting an account with our branch, the remitter abroad is required to fill up the following particulars in the funds transfer application. Remit the funds to any of the correspondent banks for the currency mentioned (e.g. JP Morgan Chase Bank for USD, Standard Chartered Bank London for GBP etc.) mentioning the SWIFT code and Nostro A/C No. of SBT and the party's account no in SBT to which the remittance be credited.

 correspondent banks their Chips/Fedwire/chaps nos Swift code and our Nostro ac nos

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Direct Remittance in Rupees from Middle East

You can get Rupee drafts drawn on any branch of SBT from any of the Exchange Houses in the Middle East with whom we have drawing arrangements. List of Exchange houses

Special transfer arrangements  SPEED REMITTANCE (List of Exchange Companies)

1. SWIFT Remittance scheme

Transfer of funds to  any bank in Kerala through SBT over SWIFT. Demand Drafts in INR will be issued by SBT on the next day to the concerned Bank A/C for direct Remittance.

This facility is available with Ms Al-Rajhi Banking & investments corporation, Riyad and  Ms Al-Muzaini exchange, Kuwait.,

An all inclusive charge of Rs.100/- will be deducted from the remittance amount

2. Money Trans scheme

For direct credit to your account in SBT electronically. Credits will be effected within 24 hours. This facility is available with the following exchange houses :

1. M/S City Exchange LLC, Dubai, UAE

2. M/s Global Money Exchange Company LLC, Sultanate of Oman

3. Trust exchange Co, WLL Doha, Qatar

4. M/S Emirates India International Exchange, Dubai, UAE

5. M/S Musthafa Sultan Exchange Co. LLC, Ruwi, Sultanate of Oman

6. Al Mulla International Exchange Co WLL, Kuwait

3. Express Money scheme

UAE exchange center, Dubai will accept the money and issue a password/PIN using which You can draw money from SBT branch. 

4. City Flash scheme

City Exchange LLC., Dubai, managed by our Bank, has arrangement to transfer funds to your accounts in 100 of SBT branches in Kerala through this scheme. Credit will be effected on the next working day. 

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By Cheque/DD/TT from countries other than Middle East

Personal cheques from any bank across the  world  from any of our correspondent banks or banks having drawing arrangements with any of our correspondent banks provided you have an account with SBT. DD TT  from any of the correspondent banks are accepted by us.

List of correspondent banks

For more information on your remittance please contact 

HELPDESK, SBT, INTERNATIONAL SERVICE BRANCH ERNAKULAM
PH:91-484-2380725/727::FAX:91-484-2374732
e-mail: isbhelpdesk@sbt.co.in/cmisbekm@sbt.co.in

OR

NRI HELPDESK, SBT, Head Office, Poojappura,Trivandrum 695012
PH:91-471-2353916::Fax:91-471-2351836
email:cmnri@sbt.co.in