Bank rate card
What does State Bank of India charge an exporter?
This is State Bank of India's published trade and forex rate card, reproduced head by head from the bank's own schedule dated w.e.f. 01.05.2025 (notice dated 02.04.2025). 23 charge heads are published and 0 are not. The source document is linked at the foot of this page.
By Aaryan Kakani · · 3 min read
What does State Bank of India charge on an export transaction?
Every head below is reproduced from the schedule linked at the foot of this page. Amounts are as published; nothing has been converted, averaged or inferred, and charges are exclusive of 18% GST unless the schedule says otherwise.
| Charge head | What State Bank of India publishes |
|---|---|
| Inward remittance / export proceeds | Export-related remittances (incl. Advance): Export Credit customers Nil; non-Export Credit customers Rs 500 per remittance |
| FIRC, FIRA and e-BRC | Export Credit customers Nil; others: e-BRC Nil, e-FIRC Rs 200 for usage (no charge for issuance); same for duplicate |
| Export bill regularisation (direct dispatch or advance received) | Non-dispatch cases (docs sent directly by exporter, copy given to bank for reporting) share one charge line with dispatch-case collection: Export Credit customers Rs 500 flat per shipping bill; others 0.12%, min Rs 500, max Rs 20,000 per SB. Softex/e-commerce/small-value exports (up to USD 10,000): EC Nil; others Rs 200 per bill (Rs 50 if bulk >10) |
| Export bills on collection | Export Credit customers Rs 500 flat per shipping bill; others 0.12%, min Rs 500, max Rs 20,000 per shipping bill |
| Export bill purchase, discount or negotiation | Export Credit customers Nil; others Rs 1,000 (plus interest) |
| Extension of realisation period | Export Credit customers Nil; others Rs 1,000 |
| Write-off or reduction in value | Export Credit customers Nil; others write-off Rs 1,000 |
| Crystallisation | Export Credit customers Nil; others Rs 500 |
| Return of an unpaid export bill | Export Credit customers Nil; others Rs 500 |
| Export LC advising | Export Credit customers Nil; customers Rs 1,500; non-customers Rs 2,000 (incl. Amendments/transfer) |
| Export LC confirmation | By issuing bank rating: AA-/Aa3 and above 0.25% p.a.; BBB-/Baa3 to A+/A1 0.50% p.a.; B-/B3 to BB+/Ba1 1.00% p.a.; unrated 1.00% p.a. |
| Overdue bill follow-up | Late realisation of export bills Rs 500 per quarter of delay (plus overdue interest); late submission of shipping bill beyond 21 days Rs 500 per SB |
| SWIFT | Rs 500 per outward SWIFT message (not applicable for P-Segment customers); incoming SWIFT free |
| Courier | Actual out-of-pocket expenses recovered |
What does State Bank of India charge on imports, guarantees and other forex services?
| Charge head | What State Bank of India publishes |
|---|---|
| Advance or direct import remittance | 0.12%, min Rs 500, max Rs 20,000 |
| Import bills on collection | 0.12%, min Rs 500, max Rs 20,000 (at retirement/crystallisation); discrepancy USD 100 per bill |
| Import LC issuance | 0.08% per month, min Rs 2,000; usance 0.07% per month, min Rs 2,000; amendment Rs 2,000 |
| IDPMS / Bill of Entry | Late import payment / BOE follow-up: Rs 500 per quarter; extension of time and IDPMS-related RBI correspondence Rs 1,000 |
| Bank guarantee | Financial outward FBG/SBLC 1.50% p.a.; performance 1.20% p.a.; min Rs 2,000 |
| Other outward remittance | Individuals Nil; others 0.10%, min Rs 1,000, max Rs 10,000 + out-of-pocket |
| Forward contracts | Rs 500 per booking/early delivery/extension/cancellation + swap cost and cancellation charges |
| Commission in lieu of exchange | 0.10%, min Rs 500, max Rs 25,000 (not if FCY held with bank); FCY export bill proceeds received in INR via other banks: others 0.10%, min Rs 500, max Rs 25,000 (EC customers Nil) |
| Certificates, NOC and AD code letter | Export Credit customers Nil; others Rs 1,000 per certificate/attestation (GR waiver, delivery order, BRO etc.); rate certificate/regulator application/duplicate advice Rs 1,000 |
How does State Bank of India compare with the other banks?
Ordering is arithmetic on published figures across the 36 banks whose schedules could be re-checked against their source file, using the entry-tier charge a small-ticket exporter actually meets. It is not a view on which bank to use.
| Charge | State Bank of India | Where that sits |
|---|---|---|
| Export bill regularisation, per shipping bill | ₹500 | 9th cheapest of 29 banks that publish it |
| e-BRC or BRC | Free | 9th cheapest of 23 banks that publish it |
| FIRC or FIRA issuance | ₹200 | 13th cheapest of 30 banks that publish it |
| Inward remittance, per credit | Free | 7th cheapest of 30 banks that publish it |
| Export bills on collection, entry tier | ₹500 | 7th cheapest of 35 banks that publish it |
| SWIFT, per message | ₹500 | 19th cheapest of 36 banks that publish it |
State Bank of India does not sit in the cheapest five on any of the six heads measured here. An exporter filing 20 shipping bills a month, pulling an e-BRC for each and taking 20 payment credits, would pay ₹1,20,000 a year on these published heads alone. A merchant exporter lodging 10 collection bills a month with 10 certificates and 10 credits would pay ₹60,000. See all 38 banks side by side.
What else does State Bank of India's schedule say?
Single all-customer forex schedule; linked from https://sbi.bank.in/web/personal-banking/information-services/kyc-guidelines/revised-service-charges ('Revised Foreign Exchange Transactions Related Service Charges (w.e.f. 01.05.2025)'). Two-tier pricing: Export Credit (EC) customers pay an upfront annual charge of 0.10% p.a. On export credit limit up to Rs 50 cr (0.06% above) and most transaction charges are Nil; non-EC customers pay transaction charges. Discounts on card rates: MSMEs 10%, priority-sector export credit 20%, Gold Card 10%, INR/SRVA 10%, forex turnover >USD 100k/250k/500k per month 10/20/30%, current a/c MAB tiers 10-30% (no clubbing). GST/TCS extra; out-of-pocket (courier, foreign bank charges) extra. Project exports approval Rs 20,000 (non-EC). Merchanting Rs 25,000 per transaction.
Where does this rate card come from?
| Provenance | Detail |
|---|---|
| Schedule date, as the bank prints it | w.e.f. 01.05.2025 (notice dated 02.04.2025) |
| Bank type | Public sector |
| Checked | 19 September 2026 |
| Source document | Open State Bank of India's published schedule |
The source document was re-downloaded from State Bank of India on 19 September 2026 and compared by SHA-256 against the copy these figures were read from. It matched exactly, which means the figures here are what the bank was publishing that day rather than a stale cache.
What should I read next?
- Every Indian bank's export charges, compared All 38 rate cards in one table.
- Which bank is best for e-commerce exporters? The same schedules read head by head for marketplace sellers.
- Which bank is best for B2B exporters? LC advising, collection, crystallisation and guarantees.
- FIRC and BRC guide for Indian exporters What each certificate is and when you need one.
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Update history
- First published.