mumbai sbm bank is facilitating direct investment in us shares by indians through a partnership with vested finance a californiaheadquartered fintech that is registered investment adviser with the us securities and exchange commission secwith vested direct investors open a freeofcost nominimumbalance savings account with sbm bank funds investors can load funds in indian rupees that can be converted into dollars to eventually transfer into their vested accountpartnering with vested finance is in line with both our beliefs making the challenge of overseas investing seamless for end users this will enable indian investors to geographically diversify their portfolios in a smarter manner sbm bank india head retail consumer banking neeraj sinha said while the rbis liberalised remittance scheme allows indians to send up to 250000 overseas investing in stocks involved multiple steps with high foreign exchange markup and fixed transfer charges with transfers taking up to five days we have seen rapidly increasing interest among indian investors to diversify their portfolios internationally so far the biggest bottleneck has been the deposit journey due to high charges and the tedious process said vested finance cofounder ceo viram shah he added that the partnership will enable the transfer to be done seamlessly 100 online and with low fees