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By Vipul Jain
The USA is the most chosen destination by Indians for business, jobs, and studies. Many Indian banks including the SBI, ICICI Bank, Bank of Baroda, etc. operate in the USA. They operate through overseas branches, subsidiaries, or representative offices. These banks provide a lot of banking and investment services to the citizens of the US and NRIs staying in the US. If you are an NRI or OCI looking for details about Indian banks in the USA, this blog is for you. Here is a list of these banks, their US branches, and their locations.
According to the Reserve Bank of India, five Indian banks operate in the USA through branches/subsidiaries/ representative offices.
|
Bank Name |
Type of India Bank in the USA (Branch/Office) |
|---|---|
|
State Bank of India (SBI) |
3 Branch Offices & 1 Representative Office |
|
ICICI Bank |
1 Branch Office & 2 Representative Offices |
|
Canara Bank |
1 Branch Office |
|
Bank of Baroda (BOB) |
1 Branch Office |
|
Bank of India (BOI) |
2 Branch office |
State Bank Of India US branches is located in the following locations:
Below is the address of the State Bank Of India New York branch:
|
Branch |
New York |
|---|---|
|
Address |
460 Park Avenue, New York, N.Y., 10022, USA |
|
Timings |
Mon-Fri, 9:00 AM– 5:00 PM Closed on Sat-Sun |
|
Phone Number |
212-521-3200 |
|
|
sbi.nyb@statebank.com |
|
SWIFT Code |
SBINUS33 |
Below is the address of the State Bank Of India Chicago Branch
|
Branch |
Chicago |
|---|---|
|
Address |
19, South La Salle Street, Suite # 200, Chicago, Illinois, 60603-1467, USA |
|
Timings |
Mon-Fri, 9:00 AM– 5:00 PM Closed on Sat-Sun |
|
Phone Number |
312-621-1200 |
|
|
sbi.chicago@statebank.com |
|
SWIFT Code |
SBINUS44 |
Below is the address of the State Bank Of India Los Angeles Indian bank branches in the USA
|
Branch |
Los Angeles |
|---|---|
|
Address |
707, Wilshire Blvd., Suite # 1995, Los Angeles, California – 90017, USA |
|
Timings |
Mon-Fri, 9:00 AM– 5:30 PM Closed on Sat-Sun |
|
Phone Number |
213-627-7350 |
|
|
ceo.laa@statebank.com |
|
SWIFT Code |
SBINUS66 |
Below is the address of the State Bank Of India’s Representative Office in Washington DC
|
Branch |
Washington DC, Representative Office |
|---|---|
|
Address |
1200, 17th Street, NW, Suite 205, Washington D.C. 20036, Washington DC–UNITED STATES OF AMERICA- 2235579 |
|
Timings |
Mon-Fri, 9:00 AM– 4:00 PM Closed on Sat-Sun |
|
|
rep.washington@statebank.com |
Read Also:- Why NRIs in the UK Need BRP (Biometric Residence Permit)
Below is the address of the ICICI Bank New York Branch
|
Address |
575 Fifth Ave 26TH Floor NEW YORK, NY 10017 USA |
|---|---|
|
Phone |
1-646-827-8450 |
|
|
usaccountmanager@icicibank.com |
Below is the address of the ICICI Bank California Representative Office
|
Address |
844 East El Camino Real, Suite B1, Sunnyvale, CA 94087 |
|---|---|
|
Phone |
1-408-769-4311 |
|
|
californiarep@icicibank.com |
Below is the address of the ICICI Bank Texas Representative Office
Address - 8305 Preston Road, Suite 400C, Plano, TX 75024
Below is the address of the Canara Bank New York Branch
|
Branch |
New York |
|---|---|
|
Address |
Suite NO – 1170, 11TH Floor, 805,3RD Avenue, New York NY 10022, U.S.A. |
|
FAX No. |
001 6466697325 |
|
Phone Number |
0016467600495 |
|
|
cbnyc@canarabank.com |
Following is the address of the Bank of Baroda New York branch
|
Branch |
Bank of Baroda New York |
|---|---|
|
Address |
One Park Avenue New York, NY 10016 USA |
|
Contact Person |
Mr. Raveesh Kumar (DGM, Chief Executive) |
|
Phone Number |
(001) 212-578-4550 |
|
|
newyor@bankofbaroda.com ce.usa@bankofbaroda.com |
Following is the address of the Bank Of India New York Office
|
Branch |
Bank of India New York |
|---|---|
|
Address |
277, Park Avenue New York NY 10172-0083 U.S.A. |
|
Fax Number |
212-588-8958 |
|
Phone Number |
(001212-753-6100 |
|
|
BoiNy@bankofindia.co.in |
|
Website |
http://www.boiusa.com/ |
|
SWIFT |
BKIDUS33 |
Following is the address of the Bank of India San Francisco Branch Agency
|
Branch |
San Francisco |
|---|---|
|
Address |
San Francisco Agency 555 Mission Street Suite # 1875 San Francisco CA – 94105 |
|
Fax Number |
001415-956-6328 |
|
Phone Number |
001415-956-6326 / 001415-956-2129 |
|
|
boisfa@aol.com |
These 8 banks offer Non-Resident Indian (NRI) account facilities with competitive interest rates in the USA. Check the NRI account’s interest rates, requirements for minimum balance, and other banking services.
|
Bank Name |
Interest Rate (%) per annum |
Minimum Requirement For Monthly Balance |
|---|---|---|
|
SBI |
Balance < Rs. 10 cr: 2.70% Balance Rs. 10 cr & above: 3.00% |
Rs. 1 lakh for Metro & Urban areas and Rs. 50,000 for Semi-Urban and rural areas |
|
ICICI Bank |
3% (below 50 Lakhs) 3.50% (above 50 Lakhs) |
Rs. 10,000 |
|
HDFC Bank |
3.50% (Rs. 50 Lakhs and above) 3% (below 50 Lakhs) |
Rs. 10,000 (Metro & urban branches) & Rs. 5,000 (Semi-urban/Rural branches) |
|
Axis Bank |
3% (below 50 Lakhs) 3.50% (above 50 Lakhs) |
Rs. 25,000 |
|
HSBC Bank |
2.00% (balance up to Rs. 10 cr) 2.50% (balance Rs. 10 cr and above) |
Rs. 150,000 |
|
YES Bank |
4% (up to 1 lakh) 4.25% (Rs. 1 lakh to 5 lakh) 5% (Rs. 5 lakh to 10 lakh) 6% (Rs. 10 lakh to Rs. 1Cr) 6.25% (Rs. 1 cr to 10 cr) 6.00% (Rs. 10cr to Rs. 25 Cr) |
Rs. 10,000 |
|
Bank of Baroda |
2.75% |
Quarterly average balance Rs. 50,000 |
|
Kotak Bank |
3.50% |
Rs. 10,000 |
Note: The mentioned interest rates are subject to periodic change.
If you want to open an NRI account online then consider and follow these steps:
Visit the bank’s website from where you wish to apply. There are a lot of Indian bank branches in the USA. Several banks offer NRI accounts, choose any one according to your convenience. Go to the bank’s NRI page and fill out the application form online.
Upload all the necessary required documents such as:
The bank you chose will then verify your documents. After that, they will arrange to pick them up.
Indian banks in the USA like SBI, ICICI Bank, Canara Bank, Bank of Baroda, and Bank of India provide a variety of baking services in the USA. You can open both Non-Resident Ordinary (NRO) and (NRE) Non-Resident External accounts. These banks provide a financial bridge between India and the US. These banks make sure that NRIs have access to their accounts. Also, they get to manage their financial responsibilities in both countries.
Read Also:- List of Indian Banks in the UK with Contact Details and Address
Many Indian banks have branches in New York. They operate through their subsidiaries, overseas branches, and representative offices. These banks are the State Bank of India, Bank of Baroda, Bank of India, Canara Bank, ICICI Bank, and Kotak Mahindra Bank.
No, HDFC Bank does not have any physical branch in the USA. However, they have NRI services where people residing in the USA can open an NRI bank account and get NRI services via HDFC’s smart banking services.
Yes, you can open an NRI account in ICICI Bank in the USA. Read the blog to get more detailed information.
Yes, ICICI Bank has a branch in New York where they provide NRI services and other banking services.
There are six Indian banks in New York. The banks are the State Bank of India, Bank of Baroda (BOB), Bank of India (BOI), Canara Bank, ICICI Bank, and Kotak Mahindra Bank.
Yes, the State Bank of India has four branches in the USA. This includes a representative office in Washington DC, one in New York City, one in Chicago, and one in Los Angeles too. Across these branches, SBI has a total of 10 offices within the USA.situated in four different states.
Yes, Canara Bank does have an office branch in the USA. The office branch is located in New York.
Yes, ICICI Bank has a branch in the USA. The branch is located in New York. They also have a representative office in Texas and California.
