RemitFee

State Bank of India · India → Ireland

State Bank of India to Ireland: what it actually costs to send EUR from India

At ₹1,00,000, State Bank of India charges ₹1,828 — the 5th-cheapest of 6 banks for EUR. Indian Overseas Bank is ₹763 cheaper.

Last updated 7 Oct 2026

Fee breakdown

  • Branch Commission ₹1,099
  • Correspondent Charge Remitter ₹549
  • GST Exchange ₹180
  • Total at ₹1,00,000₹1,828

EUR rate trend at State Bank of India

Today State Bank of India sells EUR at ₹109.8500 (TT Selling) and buys it at ₹107.1500 (TT Buying). The selling rate is −0.7500 (−0.68%) since 28 Sep and −1.8700 (−1.67%) since 1 Sep.

  • 30-day TT Selling range: ₹109.0200 – ₹112.4200 across 10 refreshes.
  • ₹1,00,000 bought between 889.52 and 917.26 EUR over that window, before charges.
State Bank of India EUR TT selling and TT buying rates, last 90 days9 Jul: TT Selling ₹110.4900 · TT Buying ₹107.800010 Jul: TT Selling ₹110.5100 · TT Buying ₹107.800016 Jul: TT Selling ₹111.7800 · TT Buying ₹109.100020 Jul: TT Selling ₹111.6900 · TT Buying ₹109.000029 Jul: TT Selling ₹110.4700 · TT Buying ₹107.800031 Jul: TT Selling ₹111.1900 · TT Buying ₹108.50001 Aug: TT Selling ₹111.4900 · TT Buying ₹108.80004 Aug: TT Selling ₹111.1600 · TT Buying ₹108.50007 Aug: TT Selling ₹111.2600 · TT Buying ₹108.500024 Aug: TT Selling ₹113.3300 · TT Buying ₹110.60001 Sep: TT Selling ₹111.7200 · TT Buying ₹109.000011 Sep: TT Selling ₹112.4200 · TT Buying ₹109.710014 Sep: TT Selling ₹112.4200 · TT Buying ₹109.710021 Sep: TT Selling ₹111.6300 · TT Buying ₹108.900023 Sep: TT Selling ₹111.0400 · TT Buying ₹108.340024 Sep: TT Selling ₹110.4500 · TT Buying ₹107.750028 Sep: TT Selling ₹110.6000 · TT Buying ₹107.91001 Oct: TT Selling ₹109.9300 · TT Buying ₹107.23005 Oct: TT Selling ₹109.0200 · TT Buying ₹106.33006 Oct: TT Selling ₹109.4500 · TT Buying ₹106.74007 Oct: TT Selling ₹109.8500 · TT Buying ₹107.1500113.33106.339 Jul7 Oct
TT Selling (when you send)TT Buying (when you receive)21 refreshes · INR per 1 EUR · hover a point for its values

All State Bank of India forex rates today →

What's specific to EUR at State Bank of India

  • Branch Commission: EUR 10 for EUR (≈ ₹1,099 at today's rate).
  • Correspondent Bank Charge (Remitter mode): EUR 5 for EUR (≈ ₹549 at today's rate).
  • All 3 charge modes (Payee, Remitter, Guaranteed) are available for EUR.
  • In Payee mode, EUR 15 is deducted from what the recipient receives (≈ ₹1,648 at today's rate) instead of being charged in rupees.

Receiving in Ireland

  • Irish accounts use a 22-character IBAN starting with IE plus the SWIFT/BIC code; ask the beneficiary to send it as printed by their bank.
  • Irish colleges quote tuition in EUR and often accept payment through platforms such as Flywire, TransferMate or Convera; a direct bank wire in EUR is usually cheaper for a full year's fee — compare the platform's quoted rate with the TT Selling rates above.
  • Irish banks generally do not charge for incoming EUR SWIFT payments, though an intermediary bank may deduct a fee unless you choose the OUR charge option so an intermediary bank cannot take its fee out of the credited amount.

Ireland is 4.5 hours behind IST in summer (5.5 in winter); EUR wires typically credit the next working day.

How this compares

Indian Overseas Bank is ₹763 cheaper than State Bank of India for sending EUR to Ireland.

See the full side-by-side →

State Bank of India — Things to know

Applies to:Sending money abroad as an individual retail customer via SBI YONO or Internet Banking (rules effective 1 May 2025). The total shown is the Remitter mode, where the recipient gets the full amount; the mode table compares the Payee and Guaranteed options. Currencies outside YONO's 8-currency set are branch-only and not modelled here.

  • SBI's own fee is nil. Since 1 May 2025 SBI charges individuals no commission and waives SWIFT for retail — what you pay is the per-currency Branch Commission and correspondent charge, plus GST.↗
  • Three ways to split the fees. At YONO you choose who bears the SWIFT charges: Payee (the recipient absorbs the Branch Commission + correspondent, so USD 1,000 lands as ~USD 989), Remitter (you pay both in INR, recipient gets the full amount), or Guaranteed (USD/EUR/GBP only, full delivery).↗
  • Most currencies are branch-only. Only 8 currencies are priced online; the other 13 (CHF, HKD, JPY, THB, SAR, OMR, BHD, KWD, QAR, DKK, NOK, SEK, ZAR) are branch-only and not modelled here.
  • TCS on large transfers. For general purposes, 20% TCS applies on LRS spending above ₹10 lakh a year — refundable as a tax credit at ITR time.
▸Show 4 more notes

Other things to know

  • Rates suit larger transfers. SBI's card rates target the ₹10–20 lakh band; smaller amounts may be quoted differently at the branch.↗

Other ways to save

  • Pick 'Payee' on big transfers. Choosing Payee lets you skip paying the Branch Commission and correspondent charge in INR — the recipient gets that much less, which stings least on large amounts.
  • Medical & education loans are free. SBI waives outward charges for Medical purposes and Education Loan disbursement — declare the purpose if it qualifies.↗
  • Send from FCNR/NRE to save. Outward transfers from an FCNR(B) or NRE account skip the out-of-pocket charges — only the correspondent fee applies.

FAQ — State Bank of India to Ireland

What is State Bank of India's EUR rate today?

₹109.8500 per EUR is State Bank of India's TT Selling rate today — the rate applied when you send — and ₹107.1500 is its TT Buying rate for money you receive. The selling rate is −0.7500 (−0.68%) since 28 Sep. The full sheet with a 90-day chart is on the State Bank of India forex rates page.

How much does State Bank of India charge to send EUR to Ireland?

On a ₹1,00,000 outward remittance, State Bank of India's all-in cost today is ₹1,828 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for EUR. The fee breakdown above shows every line item.

Is State Bank of India the cheapest bank to send EUR to Ireland?

No — Indian Overseas Bank is currently ₹763 cheaper than State Bank of India for EUR to Ireland at ₹1,00,000. State Bank of India ranks 5th of 6 banks in our coverage for this corridor.

How long does a State Bank of India transfer to Ireland take?

A standard SWIFT / TT outward remittance from State Bank of India to a beneficiary in Ireland typically settles in 1–3 working days, depending on correspondent-bank routing.

What do I need to send money to Ireland with State Bank of India?

You'll need PAN, a signed A2 form (LRS declaration) with a purpose code, the beneficiary's bank details in Ireland, and proof of source of funds for larger amounts. TCS at 20% applies above ₹10 lakh per financial year for most non-education purposes and is claimable in your ITR.

Run your own numbers

TRANSFER

You pay in INR; recipient receives USD.

USD

Used to determine if this transfer crosses the ₹10L TCS threshold.

Best deal: Indian Overseas Bank. You save ₹3,948.89 vs the most expensive.

INR / 1 USD

TT Selling rate from Indian Overseas Bank's published forex sheet — edit to model a quoted rate.

BREAKDOWN

Outward remittance

Amount being sent
₹96,890.00

$1,000.00 × ₹96.89

Outward Remittance Commission (0.075%)
₹250.00
Swift Payment Message
₹500.00
GST on Commission + Swift (18%)
₹135.00
GST on Amount Exchanged
₹174.40
Total charges
₹1,059.40

Total payable (INR)

₹97,949.40

TCS is refundable when you file your ITR — it's a tax credit, not a fee.

Estimate only. Correspondent-bank charges are included only where the bank publishes them (Kotak, Axis, SBI); elsewhere they are a pass-through not shown here. Exchange rates shown are indicative. Mid-market rates by Exchange Rate API, updated daily.

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