Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Service relationshipRemitly is an SBI partner, not part of SBI; transfers are initiated with Remitly
Source 1Initiation channelsRemitly mobile and web applications
Source 2Send countries listed by SBIAustralia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Spain, Sweden, United Kingdom, United States, Estonia, Israel, Slovenia, Liechtenstein, Luxembourg and United Arab Emirates
Source 3Conditional rate, speed and fee claimsSBI says Remitly offers better exchange rates, immediate credits and nil remittance fee depending on transfer mode and amount
Source 4SBI's described processing roleProcess remittances received from Remitly and credit beneficiary accounts in India
Source 5Beneficiary credit methods namedDirect Credit, NEFT, IMPS or RTGS
Source 6Routing controlA transfer initiated through Remitly may not be routed through SBI; routing may depend on Remitly's internal policy
Source 7Benefits and features
- Mobile and web initiation through Remitly
- 34 send countries listed on SBI's current partner page
- Multiple named Indian beneficiary-credit rails
Eligibility
- Remitly, a separate third party, controls sender onboarding, live country availability, exchange rate, fees, limits, funding methods and internal routing.
- Nil fee, immediate credit and exchange-rate claims are conditional on transfer mode and amount; verify the complete live quote in Remitly before submitting.
- A Remitly transfer may not be routed through SBI even though SBI publishes the collaboration page.
Passing a listed condition does not mean the bank will approve an application.