SBI RAPID REMITTANCE PROCESS

For online fund transfer one can use this process where ACH is not available

SBI rapid remittance is to be done with following 2 step processes.

STEP 1: Register yourself at our online fund transfer website https://remit.onlinesbi.com/glsus/ (Commonly known as SBI Express) and Initiate a remittance request in our said site and generate a transaction ref. no. (This should be done by you).

STEP 2: You are required to FUND this remittance request. i.e. you have to transfer the remittance amount from your US Bank account to SBI GLS's account with Bank of America, New York by means of a WIRE TRANSFER, either through login to your US Bank account website (if the facility is available) or you have to visit your US bank and do the same. The details of our US account / process is available in our website under RR.

ONLINE PROCESS FOR RAPID REMITTANCE FUNDING INITIATED BY A BOA CUSTOMER

Step 1: Go to the SBI GLS website and schedule X amount of dollars as transfer, making a note of transaction reference number RR00000000XXXXX. Best to take a printout of all the instructions as the details are all mentioned there.

Step 2: Login into BOA Net Banking and go to the Transfers tab (Note: For wire transfers, greater than 1000$, the Safe Pass feature of BOA needs to be activated on the website)

Step 3: Select "Outside the bank" and Domestic + Business (Checking account) and add the account using the Routing Number option (available at your GLS Transaction slip). It will give you a warning that you are adding a BOA account as an "Outside the bank" account but the user needs to ignore this warning as he is using this account for wire transfer hence it must be classified as "Outside the bank"

Step 4: Fill in all the details of the address of the BOA receiving bank branch (available at your GLS Transaction slip). Business name may be put as "State Bank of India - GLS" and nick-name as "SBI-GLS". The e-mail ID must be: ach.gls@sbi.co.in IMPORTANT: The Notes must mention the transaction reference number and ONLY THE TRANSACTION NUMBER, E.g.:- RR00000000XXXXX

Step 5: Click "Add Account" and it should show up in your "Outside the Bank" tab from now on to enable easy access for wire transfers. Do mention the RR00000000XXXXX number wherever possible including the message being sent by BOA on your behalf to the SBI business checking account.

Step 6: Now transfer the funds from your BOA account to said added account (mention Ref no.)

I suggest for the first time transfer, please remit small amount and confirm the credits in your NRE account by verifying balance of your NRE account after 48 hours

This system takes 24-48 hours to credit in your NRE Account