Whether you are in India or travelling outside the country, we strive to ensure that if you are remitting internationally, you can make the most of our competitive remittance and forex rates, and best-in-class services to enjoy speedy and efficient transfers.
Avail timely assistance towards effective management of inward and outward remittances. Make the most out of your currency and international transactions with SBM Bank India’s competitive exchange rates. View rates
Liberalised Remittance Scheme (LRS)
Under this Scheme, all resident individuals, including minors, are allowed to freely remit / avail foreign exchange facility up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.
All International transactions or Cross Border payments (payments to merchants outside India) initiated using Debit Cards qualify as transactions under the provisions of LRS.
For applicable TCS rates and more details, please refer to FAQs below.
FAQs