Banking Choices for Non Resident Indians

 
NRIs living abroad in the United States, UK, Canada, Australia, Germany or France often open bank accounts with banks that offer Nri banking services.

Nri Banking services help non resident Indians meet their obligations in India such as pay bills in India for expenses such property maintenance, life insurance premiums etc or perhaps to send money to family members in India.

There are many banks now that offer people of Indian origin nri banking facilities abroad. Banks advertise extensively to attract Indian customers. ICICI bank for instance uses noted film actor Sharukh Khan as a spokesman for promoting their bank. Recently I believe some banks were even offering Indian movie DVD's as an incentive to open accounts at their banks. NRIs now have many banks to select from when it comes to nri banking services. 

Selecting a NRI Bank abroad

Shopping around always helps when it comes to selecting a bank. Some of the things you may want to consider are:

Location of the bank, is it easily accessible. Do they have a branch and a real time person to talk to when it comes to customer service. It is always easier to be able to talk to a person face to face rather than a customer service representative talking to you on a telephone from who knows where.

Don't let the free gifts be the deciding factor. Most banks offer the same types of accounts to non resident Indians. The interest rates on NRI accounts are governed by the Reserve Bank of India. Usually you will find them to be the same in most banks offering NRI banking services.

Customer service is what you should look for when deciding on a bank to do your banking. Nri's living abroad need customer service not only in the overseas country they live in, but also when they visit India. It always helps to bank with someone who has a branch abroad as well as in India.

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NRI's should keep in mind that even though the banks they deal with may be located in foreign countries, their Nri accounts are usually not protected by deposit insurance.

While local accounts may be protected in a particular branch and signs posted in the bank that the bank accounts are insured by way of deposit insurance, don't automatically assume that your NRI bank accounts in that bank are also insured. The chances are that they are not.

There are many Indian banks that do have branches in foreign countries across the world. A partial list is given below:

Indian Banks Abroad

Bank of Baroda Fiji

Branches in Fiji

  • 86/88 Marks Street
    G.P. O. Box - 57
    SUVA

  • 5 Tukani Street
    PO Box 42
    LAUTOKA

  • Queen's Road
    P.O. Box 22
    NADI

  • King's Road
    P.O.Box 254
    BA

  • Nasekula Road
    P.O. Box 190
    LABASA

  • Queen's Road
    P.O.Box 3
    SIGATOKA

  • P.O.Box 88
    Vaileka Town
    RAKIRAKI

  • Main Street
    Nausori Town Council Complex
    NAUSOR

In Mauritus

  • Bank of Baroda
    P.B. No. 553
    No.32, Sir William Newton Street,
    Port Louis
    Mauritius

In the United States of America

  • Bank of Baroda
    One Park Avenue
    New York, NY 10016

In the Bahamas

  • Bank of Baroda
    Pilot House
    East Bay Street
    P.O.Box SS 19046
    Nassau, Bahamas

In Guyana

  • Bank of Baroda
    10 Avenue of the Republic
    Georgetown, Guyana

In Brussels

  • Bank of Baroda
    Rue de la Loi 28
    1040 Brussels
    Belgium

The State Bank of India

In Australia

  • Suite 2&3 Level 12,
    234 George Street,
    Sydney - Australia
    NSW 2000
    Tel : (00 61 2) - 9241 6965 , 8850 5598
    Fax :9247 0536

In Canada

  • State Bank of India (Australia)
    Suite 2&3 Level 12,an class="style9">SBI Canada
    1450 Meyerside Drive,
    Drive Suite #100,
    Mississauga, Ontario - Canada
    L5T 2N5
    Tel : (001) - 905 565 8959 , 905 507 8232
    Fax :905 565 8967

  • 3471 Sheppard Avenue East,
    Ontario,
    Scarborough, Ontario - Canada
    M1T 3K5
    Tel : (001) - 416 754 0039 , 416 292 8775
    Fax :416 754 0489

  • 200 Bay Street Suite # 1600,
    Royal Bank Plaza North Tower,
    Toronto, Ontario - Canada
    M5J 2J2
    Tel : (001) - 1866 SBIC NOW
    Fax :416 865 1735

  • 6433 Fraser Street,
    Vancouver B.C ,
    Canada,
    Vancouver B.C. - Canada
    V5W 3A6
    Tel : (001) - 604 731 6635 , 604 263 4604
    Fax :604 731 5268

In Oman

  • State Bank of India
    Salalah House CBD Area,
    P.O.Box 264 Ruwi Postal Code 112 ,
    SultanateofOman - Sultanate of Oman
    Tel : (00 968) - 2470 4232
    Fax :2470 1580

The Bahamas

  • State Bank of India
    P.O. Box N-3118,Suite #201 affrey Square,
    BayStreetNassau,
    Nassau - The Bahamas
    Tel : (001) - 242 326 2772 , 242 393 2261
    Fax :242 326 3969

In UK

  • State Bank of India
    118 Soho Road,
    Handsworth ,
    Birmingham - U.K.
    B21 9DP
    Tel : (0044) - 0121 515 0400 to 409
    Fax :0121 515 0407

  • State Bank of India
    630-632 Finchley Road,
    London - U.K.
    NW11 7RR
    Tel : (0044) - 020 8458 7588 , 020 8458 3856
    Fax :020 8209 0756

  • State Bank of India
    25 Horsefair Street,
    Leicester - U.K.
    LE1 5BP
    Tel : (0044) - 0116 242 8830 to 8839
    Fax :0116 242 8837

  • State Bank of India
    15 King Street,
    London - U.K.
    EC2V 8EA
    Tel : (0044) - 020 7454 4324 , 020 7454 4315
    Fax :020 7454 4423

  • State Bank of India
    Carlton House ,
    18 Albert Square ,
    Manchester - U.K.
    M2 5PE
    Tel : (0044) - 0161 817 2530 to 2539
    Fax :0161 817 2537

  • State Bank of India
    Kings House,
    The Green,
    Southhall,
    Middlesex - U.K.
    UB2 4QH
    Tel : (0044) - 020 8571 3679 , 020 8574 0111
    Fax :020 8571 9302


In USA

  • State Bank of India
    19 South La Salle Street,
    Illinois,
    Chicago, Illinois - U.S.A.
    60603-1467
    Tel : (00-1) - 312 621 0007 , 312 266 0425
    Fax :312 621 0740

  • State Bank of India
    707 Wilshire Blvd.,
    19th Floor Suite 1995,
    LosAngeles, California - U.S.A.
    CA 90017
    Tel : (00-1) - 213 414 1977 , 323 571 8686
    Fax :213 622 2069

  • State Bank of India
    460 Park Avenue,
    NewYork - U.S.A.
    N.Y.10022
    Tel : (001) - 212 521 3221
    Fax :212 521 3361

  • State Bank of India
    460 Park Avenue,
    NewYork, NewYork - U.S.A.
    N.Y.10022
    Tel : (001) - 212 521 3201
    Fax :212 521 3360

  • State Bank of India
    Pioneer Blvd.,
    Artesia, California - U.S.A.
    CA 90701
    Tel : (00-1) - 562 402 4079 , 562 402 5667
    Fax :562 865 0136

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State Bank of India foreign branches

In France

  • State Bank of India
    12-14 -Point,
    Des Camps Elysees, Paris - France
    Tel : (00331) - 5377 2301 , 4577 3789

In Germany

  • State Bank of India
    Mainzer Landstrasse 61,
    60329 Frankfurt Main, Frankfurt - Germany
    D-60052
    Tel : (0049 69) - 27237 120/121
    Fax :27237 138

In Hong Kong

  • State Bank of India
    15th Floor Central Tower,
    28 Queen's Road ,
    CentralHongKong,
    HongKong - Hong Kong
    GPO Box 10125
    Tel : (00 852) - 2523 2887 , 2574 4401
    Fax :2868 1966

In Israel

  • State Bank of India
    Diamond Exchange on Bldg,
    P.B.No.163 Commercial Floor,
    3JabotinskyStreetRamatGan,
    TelAviv - Israel
    52520
    Tel : (00-972) - 36129436 , 37565400
    Fax :36005376, 36005377

In Japan

  • State Bank of India
    Nomura Fudosan Osaka Building, 6th Floor 8-15 zuchimachi 1-Chome,
    ChuoKuOsaka,
    Osaka - Japan
    541 0052
    Tel : (00 81) - 6271 3696 , 797 34 3211
    Fax :6271 3693

  • State Bank of India
    Yurakucho Denki Building,
    South Tower 352 PO Box 580,
    ChiyodaKu,
    Tokyo - Japan
    100 0006
    Tel : (00 81) - 3284 0098 , 5491 0214
    Fax :3201 5750

In China

  • State Bank of India
    2202 K. Centre,
    1010 uai Hai Zhonglu ,
    Shanghai - Peoples Republic of China
    Tel : (00 86 21) - 5405 1021

In Singapore

  • State Bank of India
    135 Cecil Street #01-00,Singapore - Singapore br />069536
    Tel : (0065) - 6222 2033 , 6224 5939
    Fax :6225 3348

In South Africa

  • State Bank of India
    3rd Floor use 11Cradock Avenue,
    Rosebank 2196 Saxonwold 2132 ,
    JohannesburgS.A.,
    Johannesburg - South Africabr Tel : (00 27 11) - 778 4501 , 884 7668
    Fax :788 6769

In Sri Lanka

  • State Bank of India
    PO Box No.93,
    16 Sir Baron Jayatilake Mawatha,
    Colombo - Sri Lanka
    Tel : (00 94 11) - 244 7166 , 244 6192
    Fax :243 9404


  • State Bank of India
    No.385, Galle Road,
    Colombo - Sri Lanka
    Tel : (00 94 11) - 237 0456
    Fax :237 0456


  • State Bank of India
    No.6, St. Lawrence Road,
    Colombo - Sri Lanka
    Tel : (00 94 11) - 236 1541 , 236 3362
    Fax :236 1541

  • State Bank of India
    16 Sir Baron Jayatilake Mawatha,
    Colombo - Sri Lanka
    Tel : (00 94 11) - 232 3856 , 272 7316
    Fax :232 3856


  • State Bank of India
    1111/1 First Floor,
    Kotugodella Veediya,
    Kandy - Sri Lanka
    Tel : (00 94 081) - 492 3923

 

ICICI Bank Branches

ICICI Singapore

  • ICICI Bank
    9 Raffles Place, # 50-01
    Republic Plaza, Singapore 048619

HongKong

  • ICICI Bank
    7014-7016, Two International
    Finance Centre, No. 8,
    Finance Street, Central
    Hongkong

In Bahrain

  • ICICI Bank Limited, Bahrain
    Branch, Building No 116
    Road No 383, Block 316
    P.O. Box 1494 , Manama
    Center, Kingdom of Bahrain

In Sri Lanka

  • ICICI Bank Sri Lanka
    58, Dharmapala Mawatha,
    Colombo -07

In Qatar

  • 1101, Qatar Financial Centre,
    West Bay, PO Box No.24708
    State of Qatar, Doha

In United Arab Emirates

  • ICICI Bank
    505, level 5, Gate precinct
    building 4, Dubai International
    Financial Centre (DIFC),
    Sheikh Zayed Road, P.O.
    506529, Dubai, UAE

In USA

  • ICICI Bank
    500, Fifth Avenue, 28th floor.
    New York, NY 10110

State Bank of India in USA (Continued)

  • State Bank of India
    2787 W. Shaw Ave.,
    Ste 101,
    Fresno, California - U.S.A.
    CA 93711
    Tel : (00-1) - 559 225 2401 , 559 271 9219
    Fax :559 225 2516

  • State Bank of India
    707 Wilshire Blvd.,
    19th Floor Suite 1995,
    LosAngeles, California - U.S.A.
    CA 90017
    Tel : (00-1) - 213 623 4022 , 323 934 5285
    Fax :213 622 2069

  • State Bank of India
    Black Mountain Road # C,
    SanDiego, California - U.S.A.
    CA 92126
    Tel : (00-1) - 858 547 1505 , 858 547 1506
    Fax :858 547 1507

  • State Bank of India
    675 North First Street,
    Suite 105,
    SanJose, California - U.S.A.
    CA 95112
    Tel : (00-1 ) - 408 938 9241 , 408 247 8924
    Fax :408 971 1406

  • State Bank of India
    707 Wilshire Blvd.,
    19th Floor Suite 1995,
    LosAngeles, California - U.S.A.
    CA 90017
    Tel : (00-1) - 213 614 1975 , 323 939 1441
    Fax :213 622 2069

  • State Bank of India
    22019 Sherman Way,
    CanogaPark, California - U.S.A.
    CA 91303
    Tel : (00-1) - 818 251 9761 , 818 703 0283
    Fax :818 251 9780