What does remit mean?

To remit means to send money to someone in another country, usually as a payment or support. In finance, a remittance is a transfer of money by a foreign worker to their home country. In the UAE, remittance (remit) refers to money sent by expat workers — from Indian, Pakistani, Filipino, and other communities — back to their families. The UAE is the world's 3rd largest remittance-sending country, with over $43 billion sent abroad annually. remit.ae is the UAE's independent comparison platform for all CBUAE-licensed remittance providers.

What is remittance in UAE?

Remittance in UAE refers to money transferred by expatriate workers living in the UAE back to their home countries. The UAE sends over $43 billion in remittances annually, making it one of the world's largest remittance-sending nations. The most common corridors are UAE to India (AED to INR, ~$14B/yr), UAE to Pakistan (AED to PKR, ~$6B/yr), UAE to Philippines (AED to PHP, ~$3.5B/yr), and UAE to Bangladesh (AED to BDT, ~$2.5B/yr). All remittance providers in UAE must be licensed by the Central Bank UAE (CBUAE). Compare CBUAE-licensed providers at remit.ae.

Remitly AE (Remitly in the UAE) is a digital money transfer app available in the United Arab Emirates. It is licensed by CBUAE and allows UAE residents to send money internationally — particularly to India, Pakistan, Philippines, and other corridors. Remitly offers two speed options: Economy (1-3 business days, better rate) and Express (minutes, higher fee). Compare Remitly rates versus Al Ansari Exchange, LuLu Exchange, Wise and other UAE providers at remit.ae.

What does e-remit mean?

E-remit (electronic remittance) means sending money internationally through a digital or online platform, without visiting a physical exchange house or bank branch. In the UAE, e-remit services include apps like Wise, Remitly, and WorldRemit, as well as online banking transfer portals from UAE banks. E-remit is popular among UAE white-collar workers for bank-to-bank transfers. For cash pickup and walk-in services, UAE exchange houses like Al Ansari and LuLu Exchange remain the most used. Compare all UAE e-remit and exchange house rates at remit.ae.

What is the best money transfer app in UAE?

The best money transfer app in UAE depends on your destination and priority. Wise: best exchange rate (mid-market), transparent fees, ideal for bank-to-bank. Remitly: fastest delivery (minutes via Express), good for India/Pakistan/Philippines. WorldRemit: good for mobile wallet delivery. For walk-in cash transfers, UAE exchange houses (Al Ansari Exchange, LuLu Exchange, GCC Exchange) have 200+ branches across Dubai, Abu Dhabi, and Sharjah. All must be CBUAE-licensed. Compare current rates at remit.ae — always verify final rate with your provider.

What is the best way to transfer money from UAE to India?

The best way to transfer money from UAE to India (AED to INR) depends on your priority. For the best exchange rate: Wise (mid-market rate). For walk-in with cash: Al Ansari Exchange or LuLu Exchange (200+ UAE branches each). For fastest delivery: Remitly Express (minutes). UAE exchange houses are generally competitive for amounts over AED 1,000. Compare current AED to INR rates from all CBUAE-licensed providers at remit.ae — always verify final rate directly with your provider before sending.

Which is the cheapest money transfer from UAE to India?

The cheapest money transfer from UAE to India changes daily as exchange rates fluctuate. Wise typically offers the mid-market AED to INR rate with a small transparent fee. Al Ansari Exchange and LuLu Exchange are often competitive for larger amounts (AED 1,000+) with zero transfer fees but a small FX margin. Compare all providers' total cost — rate plus fee — at remit.ae. Always verify the final rate with the provider before sending.

Is remit.ae a money transfer service?

No. remit.ae is an independent editorial comparison platform — not a money transfer service. We do not transfer money, hold funds, or act as a financial institution. remit.ae compares live rates and fees from CBUAE-licensed providers including Al Ansari Exchange, LuLu Exchange, GCC Exchange, Wise, Remitly, Western Union, and others. Always send money directly through the licensed provider you choose.

What is WPS and how does it affect money transfers from UAE?

WPS (Wage Protection System) is a UAE Central Bank mandatory system requiring all UAE employers to pay salaries electronically between Day 24-28 of each month. After WPS salary credit, demand at UAE exchange houses spikes sharply as workers send money home. Al Ansari Exchange and LuLu Exchange branches in Dubai and Abu Dhabi can have long queues during WPS week (Days 24-28). Digital apps like Wise and Remitly avoid queues. remit.ae tracks WPS timing to help UAE workers compare providers during peak remittance periods.

UAE → India (SBI)

Send Money to SBI from UAE (2026 Guide)

State Bank of India (SBI) is India's largest bank with over 22,000 branches, 500 million customers, and a strong NRI banking franchise. SBI also operates branches in the UAE, making it a natural choice for Indian expats. This guide covers how to send AED to SBI from the UAE, the SWIFT code, SBI Express Remit, and NRE/NRO account options.

AED to INR:Compare live rates →All providers

Updated June 2026·remit.ae Editorial Team·5 min read

SBI SWIFT Code

SBININBB — SBI's primary SWIFT/BIC code. For branch-specific wires, an 11-character variant is used. Most remittance providers only require SBININBB.

Quick answer

Best for SBI from UAE: Wise (best AED to INR rate), Remitly (fast), or SBI's own SBI Express Remit (official service, competitive for regular senders). You need the SBI account number + IFSC code.

Which UAE Providers Support SBI?

Provider	Supports Direct Deposit	Delivery Time	Notes
Wise	Yes	Within minutes (IMPS)	Best mid-market rate
Remitly	Yes	Minutes (Express)	Popular with Indian expats
WorldRemit	Yes	Within minutes	Good alternative
Al Ansari Exchange	Yes	Same day / next day	Walk-in option available
SBI Express Remit	Yes (SBI accounts)	Same day	SBI's own remittance service

SBI Express Remit

SBI operates its own international remittance service called SBI Express Remit, available to UAE residents through select exchange houses partnered with SBI. Key features:

Dedicated to SBI accounts: Money goes directly to any SBI branch account across India.
Same-day credits: Most transfers credited same banking day.
Competitive rates: SBI publishes its own AED/INR buying rate — compare with Wise before sending.
UAE partners: Available through UAE Exchange, Lulu Exchange, and other licensed partners.

SBI NRI Accounts from UAE

NRE Account: Repatriable savings in INR. Interest is tax-free in India. Best for parking UAE income. Open via YONO NRI app.
NRO Account: For India-sourced income (rent, pensions). Taxable in India. Up to USD 1 million repatriable per year after tax.
FCNR(B) Deposits: Fixed deposits in USD, GBP, EUR, or AED — protects against INR depreciation. Fully repatriable.
SBI UAE branches: SBI has direct presence in Dubai and Abu Dhabi for in-person NRI banking services.

Frequently Asked Questions

How to send money to SBI from UAE?

You can send money to SBI (State Bank of India) from UAE via Wise, Remitly, WorldRemit, or Al Ansari Exchange — all support direct deposit to SBI. Alternatively, use SBI's own SBI Express Remit service. You need the recipient's SBI account number and IFSC code.

What is SBI SWIFT code?

SBI's primary SWIFT/BIC code is SBININBB. For specific branches the 11-character code varies (e.g., SBININBBXXX for Mumbai head office). Most remittance apps only require the 8-character SBININBB base code.

Can I open an SBI NRE account from UAE?

Yes. SBI offers NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts for Indian expats in UAE. NRE accounts allow fully repatriable, tax-free savings in India. You can apply online via SBI's YONO app or at an SBI branch in the UAE.

Compare AED to INR rates now

Live rates from providers supporting direct deposit to SBI. No paid rankings.

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AED to INR rates Compare all providers Send money UAE to India Wise UAE to India Remitly UAE to India

Rates are indicative. Verify with provider before sending. remit.ae is an independent comparison platform operated by Stack Jewels LLC. We do not transfer money or hold funds. Banking information is provided for reference only — verify with SBI or your provider before initiating any transfer.