State Bank of India Inward Remittance Charges — Receiving Money in India
State Bank of India charges a published fee when you receive money in India from abroad. The breakdown and worked totals for a typical incoming USD transfer at ₹50,000, ₹1,00,000 and ₹5,00,000 follow.
Inward fee components
| Component | Definition |
|---|---|
| Inward Remittance Commission | Tiered by USD amount |
| GST on Inward Commission (18%) | 18% on inward_commission |
Worked examples (incoming USD)
| Receive equiv. (INR) | USD amount | Bank fee |
|---|---|---|
| ₹50,000 | 527.43 | ₹59 |
| ₹1,00,000 | 1054.85 | ₹59 |
| ₹5,00,000 | 5274.26 | ₹59 |
Try it
The calculator below is pre-loaded with State Bank of India in outward mode. Inward-mode preview isn't exposed in the v1 calculator — see the fee table and worked examples above for inward charges.
Transfer details
INR
Today's rate from State Bank of India's published forex sheet.
Outward remittance
Enter an amount to see charges.