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Launched Online INR remittance facility wef 01.07.2014

We are happy to launch online INR remittance facility for our retail customers wef 01.07.2014. Retail customers can now remit Indian Rupee to India by using our internet banking facility through Online INR Remittance in a hassle-free manner, without any paper work and in a secured environment.

The facility is available to Foreign National contract workers residing in South Africa who want to remit their savings to their spouse/ relatives in India within their entitlement of transfer of funds as per South African Reserve Bank (SARB)’s guidelines. The remitter of funds should possess a valid work permit. Submission of BOP form through e-mail is not required. Application for remittance is submitted through internet banking facility. A print out of application form (BOP form) can also be obtained by customer for future reference.

We request you to use the facility and feel the difference. We shall be glad if you share your suggestion / feedback on this functionality. You can write to us at our email address- mgrsys.rsa@statebank.com.


Manager (Systems)


- Sunday July 13, 2014.

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