RemitFee

State Bank of India · India → Switzerland

State Bank of India to Switzerland: what it actually costs to send CHF from India

At ₹1,00,000, State Bank of India charges ₹180 — the cheapest of 6 banks for CHF (₹885 less than the next-cheapest, ICICI Bank).

Last updated 7 Oct 2026

Fee breakdown

  • Branch Commission ₹0
  • Correspondent Charge Remitter ₹0
  • GST Exchange ₹180
  • Total at ₹1,00,000₹180

CHF rate trend at State Bank of India

Today State Bank of India sells CHF at ₹117.8600 (TT Selling) and buys it at ₹114.0500 (TT Buying). The selling rate is +0.2500 (+0.21%) since 28 Sep and −1.5800 (−1.32%) since 1 Sep.

  • 30-day TT Selling range: ₹117.0100 – ₹119.5800 across 10 refreshes.
  • ₹1,00,000 bought between 836.26 and 854.63 CHF over that window, before charges.
State Bank of India CHF TT selling and TT buying rates, last 90 days9 Jul: TT Selling ₹120.4000 · TT Buying ₹116.400010 Jul: TT Selling ₹120.6300 · TT Buying ₹116.600016 Jul: TT Selling ₹121.5700 · TT Buying ₹117.500020 Jul: TT Selling ₹121.4700 · TT Buying ₹117.400029 Jul: TT Selling ₹119.0400 · TT Buying ₹115.100031 Jul: TT Selling ₹120.1400 · TT Buying ₹116.20001 Aug: TT Selling ₹120.2100 · TT Buying ₹116.20004 Aug: TT Selling ₹119.7900 · TT Buying ₹115.80007 Aug: TT Selling ₹119.9100 · TT Buying ₹115.900024 Aug: TT Selling ₹121.8500 · TT Buying ₹117.80001 Sep: TT Selling ₹119.4400 · TT Buying ₹115.500011 Sep: TT Selling ₹119.5800 · TT Buying ₹115.630014 Sep: TT Selling ₹119.5800 · TT Buying ₹115.630021 Sep: TT Selling ₹118.7500 · TT Buying ₹114.810023 Sep: TT Selling ₹118.8200 · TT Buying ₹114.870024 Sep: TT Selling ₹118.2800 · TT Buying ₹114.420028 Sep: TT Selling ₹117.6100 · TT Buying ₹113.78001 Oct: TT Selling ₹117.0100 · TT Buying ₹113.23005 Oct: TT Selling ₹117.8400 · TT Buying ₹114.01006 Oct: TT Selling ₹117.7900 · TT Buying ₹113.97007 Oct: TT Selling ₹117.8600 · TT Buying ₹114.0500121.85113.239 Jul7 Oct
TT Selling (when you send)TT Buying (when you receive)21 refreshes · INR per 1 CHF · hover a point for its values

All State Bank of India forex rates today →

What's specific to CHF at State Bank of India

  • Branch Commission: not published for CHF (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Correspondent Bank Charge (Remitter mode): not published for CHF (the bank lists USD, GBP, EUR, AUD, CAD, SGD, NZD, AED only), so our total carries ₹0 for this line — expect the branch to quote it.
  • Charge modes for CHF: Payee, Remitter. Guaranteed is not offered for CHF.

Receiving in Switzerland

  • Swiss accounts use a 21-character IBAN starting with CH plus the SWIFT/BIC code; ask the beneficiary to send it as printed by their bank.
  • Swiss banks often charge the recipient for incoming international payments — from a few francs to CHF 10–20 depending on the bank and account; PostFinance and neobanks are usually cheapest.
  • Some Swiss universities bill in CHF through a QR-bill; pay it by wiring CHF to the IBAN on the bill with the reference number in the payment details.

Switzerland is 3.5 hours behind IST in summer (4.5 in winter); CHF wires typically credit the next working day.

How this compares

State Bank of India is the cheapest of 6 banks for sending CHF — by ₹885 vs the next bank (ICICI Bank).

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 Switzerland

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

₹117.8600 per CHF is State Bank of India's TT Selling rate today — the rate applied when you send — and ₹114.0500 is its TT Buying rate for money you receive. The selling rate is +0.2500 (+0.21%) 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 CHF to Switzerland?

On a ₹1,00,000 outward remittance, State Bank of India's all-in cost today is ₹180 — commission, SWIFT / correspondent charges and 18% GST included, computed at the bank's own TT Selling rate for CHF. The fee breakdown above shows every line item.

Is State Bank of India the cheapest bank to send CHF to Switzerland?

Yes — at ₹1,00,000, State Bank of India is the cheapest of 6 banks in our coverage for CHF, ₹885 less than the next-cheapest (ICICI Bank). Rankings shift when rates refresh, so check the comparison above for today's order.

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

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

What do I need to send money to Switzerland 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 Switzerland, 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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