Sending Money to SBI in India
How to send USD directly to SBI accounts in India. Transfer times, IFSC codes, limits, and how Root delivers INR to any SBI branch.
This guide is for NRIs in the USA sending USD to family or recipients with accounts at State Bank of India (SBI). Root makes it easy to send money from the US to any SBI branch in India, with INR deposited directly into the recipient’s account. We cover transfer steps, fees, timing, regulatory requirements like TCS and IFSC, and account compatibility. Whether it’s for family support, bill payments, or investments, this guide ensures a smooth remittance experience to SBI.
State Bank of India (SBI) is India’s largest public sector bank, serving over 460 million customers through a vast domestic and international network. Root currently supports transfers to SBI’s NRO accounts, as well as regular savings and current accounts. NRE account support is coming soon—check updates for future availability.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to SBI
Account Types
NRO, Savings, Current accounts at SBI
IFSC Required
Yes — 11-character code for recipient's branch
How to Send — Step by Step
Log in to Your Root Account
Access your Root app or website and log in securely. If you're new, sign up using your US ID and verify your identity to comply with US and Indian regulations.
Start a New Transfer to India
Select India as the destination country and enter the amount in USD you wish to send. Root will show you the estimated INR amount based on the current interbank rate.
Enter Recipient’s SBI Account Details
Provide your recipient’s full name as per bank records, SBI account number, and confirm the account type (NRO, savings, or current).
Pro tip: Double-check the name spelling—any discrepancy can delay or reject the transfer.
Find and Enter the Correct IFSC Code
Locate the 11-character IFSC code for your recipient’s specific SBI branch. You can find it on the SBI website, bank passbook, or via the RBI’s IFSC lookup tool.
Pro tip: Example: SBIN0002499 is a valid SBI IFSC. Incorrect IFSC can cause failed transfers and return delays.
Review and Confirm Transfer
Review all details, including the zero fee and exchange rate. Confirm the transaction—Root will notify you once the transfer is processed and funds are on their way.
Track & Notify Your Recipient
Track the transfer status in-app. Once credited, your recipient will receive INR directly in their SBI account, typically within 1–4 business days.
Send Money to SBI with Root
Zero fees, interbank rate. INR credited directly to any SBI account.
Send with RootFrequently Asked Questions
Can I send money from the USA to any SBI branch in India?
Yes, Root supports transfers to over 22,000 SBI branches across India as long as you have the correct 11-digit IFSC code for the recipient’s branch.
Is there a minimum or maximum amount I can send to an SBI account?
Root allows transfers from $1 up to $100,000 per transaction. For amounts over ₹7,00,000 (~$8,400), 5% TCS applies under India’s LRS rules.
Do SBI recipients need a PAN card for large transfers?
Yes, if the transfer exceeds ₹500,000 in a financial year, SBI may require the recipient’s PAN for compliance with Indian tax regulations.
How long does it take for money to reach an SBI account?
Most transfers via Root are credited to SBI accounts within 1 to 4 business days, depending on banking processing times and verification checks.
Is TCS applicable when sending to SBI via Root?
Yes, 5% TCS is collected by the remittance provider if your total outward remittances exceed ₹7,00,000 (~$8,400) in a financial year under LRS rules.