Indian Banks in Canada: Branches & Locations

For NRIs, there are mainly two Indian Banks present in Canada currently, which are the State Bank of India and ICICI Bank. These Banks have many branches operating in different cities of Canada to cater to the banking problems from all over the country. There are a total of 6 branches of the State Bank of India and 9 branches of ICICI Bank in Canada. These banks provide services for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), along with the permanent residents and citizens of Canada. 

In this blog, we have discussed Indian Banks in Canada, their locations, branches, and offices. We have also mentioned their addresses, contact numbers, and more. 

Number of Indian Bank Branches in Canada

State Bank of India (SBI) Canada

SBI was the first Indian Bank to start operating in Canada in 1982. It is a fully-owned subsidiary bank of SBI and is considered a Schedule II Canadian Bank according to the Bank Act. SBI Canada Bank provided a wide range of services to its customers, such as loans, mortgages, bank accounts, investments, remittances, and much more. 

Here is the list of SBI Canada Banks located across different cities: 

SBI Canada Toronto Branch

SBI Canada Mississauga Branch

SBI Canada Scarborough Branch

SBI Canada Brampton Branch

SBI Canada Vancouver Branch

SBI Canada Surrey Branch

ICICI Bank Canada

ICICI Bank Limited has its fully-owned subsidiary located in Canada, which is ICICI Bank Canada. It was established in December 2003 as a part of the Schedule II Bank. ICICI Bank Canada provides a lot of banking services to their customers, such as opening bank accounts, investments, mortgages, student GIC program, debit and credit cards, etc. 

Here are the different branches of ICICI Bank located in various locations in Canada:

ICICI Bank Canada Head Office (Toronto)

ICICI Bank Canada Calgary

ICICI Bank Canada British Columbia

ICICI Bank Canada - Delta Branch

ICICI Bank Canada - Surrey iLounge

ICICI Bank Canada Ontario

ICICI Bank Canada - Brampton Branch

ICICI Bank Canada - The Gore Road (Brampton)

ICICI Bank Canada - Mississauga

ICICI Bank Canada - Scarborough

ICICI Bank Canada - Malton iLounge

How to Open An Indian Bank Account in Canada for NRIs?

For NRIs, it is very important to open NRI accounts, such as NRE/NRO, to manage their finances. These accounts are needed for Remittances, investments, or saving your income in foreign currency. These accounts are of two types:

1. NRE Account: This account is to manage the income earned in a foreign country, offering tax-free interest.
2. NRO Account: This account is to manage the income earned in India. It allows you to manage the domestic funds easily.

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

1. Visit the nearest Indian Bank Branch available in Canada.
2. Submit all the required documents, like overseas address, proof of identity, and financial documents.
3. Complete the account opening application form as guided by bank officials.
4. After the successful submission of your application, your account will be activated in a few days.

Steps to Open an NRE/NRO Account through Visament

1. Visit the online portal of Visament and go to the NRE/NRO page.
2. Submit an interest form by mentioning your personal details and requirements to start the process.
3. After submitting the form, make the payment to proceed further.
4. Upload all the documents on the website, so that our experts can fill out the application form.
5. Complete the application form along with the required documents.
6. Your account will be activated in a few days after successful approval. 

Why Choose Visament? 

Opening an NRI account can be a complicated task for some individuals. Visiting a bank, getting all the documents right, filling the form: all this can be a hassle for working individuals. So, to open an NRI account from the comfort of your home, you should choose Visament. We have a team of experts who are professionally experienced in this field. You can get the customized NRI services from our website at affordable prices.