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Anyone who paid gic through sbi bank

amitoj7547

Full Member
Jul 15, 2020
22
2
I used sbi …. The bank only asked for transit code and swift code of scotia bank … they did not asked for beneficiary bank address and said it will be done automatically .. i m worried
 
 

amitoj7547

Full Member
Jul 15, 2020
22
2
Nothing to worry. It'll be done.
But my agent told to use field 57 address of the bank . But sbi remitance form didnt had any option for beneficiary bank address . They asked for swift code and transit code only . And when i asked that u dont need address … they said it will be done with swift code dont worry . Did you also used sbi for gic and had same situation?
 

VishnuJ2796

Hero Member
Dec 18, 2018
328
40
But my agent told to use field 57 address of the bank . But sbi remitance form didnt had any option for beneficiary bank address . They asked for swift code and transit code only . And when i asked that u dont need address … they said it will be done with swift code dont worry . Did you also used sbi for gic and had same situation?
Beneficiary bank address is not needed. That is the very purpose of your/beneficiary account Number, swift code & Transit number. Only these 3 are needed.
 

amitoj7547

Full Member
Jul 15, 2020
22
2
Got my gic today . I transfered 10230$ and received 1006$ in gic . The sbi bank cut 24$ charges so anyone doing transfer from sbi remember to transfer 30$ extra with 10200$