Indian Banks in Australia: Branches and Locations

In Australia, there are many Indian banks located to cater to the financial needs of the NRIs. These branches of bank accounts offer a range of services, including NRE/NRO account management, remittance solutions, and much more. These accounts are also helpful in making cross-border transactions and investments in India very convenient and seamless. 

In this blog, we have mentioned all the Indian bank branches located in Australia. You can also learn the steps to open an NRI account at the end of this blog post.

List of Indian Banks in Australia

Here is the list of Indian Banks in Australia: 

• State Bank of India
• Bank of Baroda
• Union Bank of India

Number of Indian Bank Branches in Australia

According to the Reserve Bank of India, three Indian banks are located in Australia, and they are operating through branches/offices: 

Indian Bank Branches in Australia

There are four branches of three different Indian Banks located in Australia: 

1. State Bank of India Australia Branches

There are two locations where the SBI branches are located:

SBI Sydney Branch

SBI Melbourne Branch

2. Bank of Baroda Sydney Branch

3. Union Bank of India Sydney Branch

How to Open an Indian Bank Account in Australia for NRIs?

For managing the financial activities such as sending remittances, saving foreign earnings, or handling income earned in India, the NRIs need to open an Indian bank account in Australia. There are two types of NRI accounts offered by Indian banks: 

• NRE (Non-Resident External) Account: It is best for the income earned in a foreign country, providing tax-free interest.
• NRO (Non-Resident Ordinary) Account: It is best for managing the income earned in India, such as rental income. 

Here are the steps to open an Indian Bank account in Australia:

1. Visit the Branch: Visit your preferred branch of Indian Bank in Australia.
2. Submit Documents: Submit all the required documents, such as proof of identity, address, and financial details, as per the guidelines of your bank. 
3. Fill out the Application Form: Complete the application form for bank account opening with the assistance of bank officials. 
4. Account Activation: After the bank verifies your documents, your bank account will be activated within a few days. 

How Can Visament Help?

To manage the finances for NRIs, it is important to open NRI bank accounts, such as NRE accounts and NRO accounts. You have to visit the bank to open these bank accounts. Visit visament if you want to complete these processes from the comfort of your home. We have a team of professionals to ensure the authenticity and originality of the form-filling process. We have affordable prices and 24/7 customer support. 

Here are the steps to open an NRO/NRE account through Visament:

1. Visit the Visament website: Visit the official portal of Visament and go to the NRE/NRO account online page to start the process.

2. Submit the Interest Form: Fill out the online form showing your interest, which has basic personal details to start. 

3. Make the Payment: After filling out the interest form, make the required payment to proceed.

4. Get a checklist for documents: Once you make the payment, you will get a checklist for the documents from our agents.

5. Fill out the application form: Complete the application form presented by our agents.

6. Upload the required documents: Scan and upload all the required documents mentioned on the checklist.

7. Account Activation: After completing the application and submitting the documents, your NRE/NRO account will be activated within a few days. 

The online process of opening a bank account via Visament is very efficient and convenient for the NRIs in Australia. There is no need to visit a local branch for yourself.