SBI FX TRADE is an online platform offered by State Bank of India to its customers to trade in the exchange traded Currency Futures. SBI offers its clients the opportunity to trade in four currency pairs namely; USD/INR, EURO/INR, GBP/INR and JPY/INR as permitted by Regulatory authorities SEBI & RBI.
Similarly, you may ask, can I get US dollars from SBI bank?
You can simply walk into any SBI branch, deposit a certain amount of Indian currency and get the equivalent forex amount in the currency of your choice. So for example, if you have Rs 20,000 and you want to exchange that for US dollars, you will get approximately $310, if the current exchange rate stands at about Rs.
Furthermore, how can I transfer money from SBI to international?
- Step 1: Visit the SBI website and Log in using your credentials.
- Step 2: Click on 'Payments/Transfers'
- Step 3: Or Click on My Accounts & Profile.
- Step 4: Click on Add & Manage Beneficiary.
- Step 5: Enter your SBI profile password and hit Submit.
Additionally, what is the exchange rate of SBI?
For USD (Date: 04/01/2018)
| Amount | Premium | Exchange Rate with Premium |
|---|---|---|
| USD 50 - 2500 | NIL | Rs.62.85 |
| USD 2501 - 5000 | 0.05 | Rs.62.90 |
| USD 5001 & Above | 0.10 | Rs.62.95 |
What is SBI foreign transaction fee?
5.40%
| Sl.No | Particulars | Rs |
|---|---|---|
| 5. | International Transaction Charges | ₹100/- min. + 3.5% of Txn. Amt. + GST |
| 3% of transaction amount plus GST | ||
| 6. Domestic Transaction Charges (At ATM) | ||
| Average Monthly Balance (AMB) in Savings Bank | Number of free transactions per month (Both Financial and Non-financial) | |
