Local Remittances in KRW

The customers can make local remittances in KRW through our bank.

Application Form

For remittance procedure click here Remittance Seoul

For Seoul Branch

Name of customer:- (Your Name)

Account No. (Your account number with our bank)

Name of Bank: State Bank of India, Seoul branch.

Our KRW Correspondent: Korea Exchange Bank Sogong-dong branch

Account No. : 113-890043-66804

Collection of Clean Bill(s) / Cheque(s) payable at foreign centres

We can collect cheques and clean bills denominated in foreign currencies, through our correspondents in New York, London, Frankfurt etc. The rules governing the collection transaction are given on the back of the Application for Collection of Clean Bill(s) Payable in Foreign Countries / and Notice". The customers are required to declare the required particulars pursuant to Article 3 of the "Law on reporting requirements on cross border payments and receipt for the tax law compliance".