SBI Branches in USA – Everything an NRI Needs to Know

When it comes to banking, especially for Non-Resident Indians (NRIs), finding the right bank that offers convenience, reliability, and comprehensive services is crucial.

The State Bank of India (SBI), one of India’s largest and most trusted banks, extends its services across the globe, including several branches in the USA.

Here’s everything an NRI needs to know about SBI branches in the USA.

Branch Details

SBI has a well-established presence in the USA, with several branches and representative offices catering to the needs of NRIs. Here are the details:

New York Branch

• Address: 460 Park Avenue, New York, NY 10022
• Phone: 212-521-3200
• Email: [email protected]
• Hours: Mon-Fri, 9:00 AM – 5:00 PM
• SWIFT Code: SBINUS33

Chicago Branch

• Address: 19 South La Salle Street, Suite #200, Chicago, IL 60603-1467
• Phone: 312-621-1200
• Email: [email protected]
• Hours: Mon-Fri, 9:00 AM – 5:00 PM
• SWIFT Code: SBINUS44

Los Angeles Branch

• Address: 707 Wilshire Blvd., Suite #1995, Los Angeles, CA 90017
• Phone: 213-627-7350
• Email: [email protected]
• Hours: Mon-Fri, 9:00 AM – 5:30 PM
• SWIFT Code: SBINUS66

Washington DC Representative Office

• Address: 1200 17th Street, NW, Suite 205, Washington DC 20036
• Email: [email protected]
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

Artesia Branch

• Address: 18191 Pioneer Blvd, Artesia, CA 90701
• Phone: 562-865-5009
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

San Diego Branch

• Address: 9494 Black Mountain Rd E, San Diego, CA 92126
• Phone: 858-547-1505
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

Woodland Hills Branch

• Address: 21724 Ventura Blvd, Woodland Hills, CA 91364
• Phone: 818-251-9761
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

Fresno Branch

• Address: 2787 W Shaw Ave #101, Fresno, CA 93711
• Phone: 559-225-2264
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

Los Angeles Wholesale Banking Branch

• Address: Aon Center, 707 Wilshire Blvd #2900, Los Angeles, CA 90017
• Phone: 213-627-7350
• Hours: Mon-Fri, 9:00 AM – 4:00 PM

Services Available

SBI branches in the USA offer a range of services tailored to meet the needs of both U.S. residents and NRIs.

These services include:

• Deposits: Savings accounts, current accounts, fixed deposits, and certificates of deposit.
• Loans: Personal loans, home loans, car loans, and loans against deposits.
• Trade Finance: Export and import finance, letters of credit, and bank guarantees.
• Remittance Services: Quick and efficient money transfer services to India.
• NRI Services: NRE/NRO accounts, FCNR accounts, and other banking services specific to NRIs.

Are SBI USA Banks Better Than Other Banks?

When comparing SBI USA branches with other banks, several factors come into play:

• Connectivity with India: SBI offers seamless banking experiences for NRIs, with easy access to their accounts in India and efficient remittance services.
• Trusted Brand: SBI’s long-standing reputation and trustworthiness make it a preferred choice for many NRIs.
• Specialized NRI Services: SBI provides a wide range of services specifically designed for NRIs, which many local U.S. banks might not offer.
• Competitive Rates: SBI often offers competitive interest rates on deposits and loans, which can be advantageous for customers.

However, it’s also worth noting that local U.S. banks may offer better local networking, more ATMs, and sometimes more advanced online banking features. It’s essential to compare specific services based on personal needs before making a decision.

How to Start an Account if You Are an NRI

Starting an account with SBI in the USA as an NRI involves a few steps:

1. Visit the SBI Branch: You can visit any of the SBI branches listed above with the necessary documents.
2. Required Documents:

• Passport and Visa
• Proof of Address (both in the USA and India)
• Recent photographs

1. Fill Out the Application: Complete the account opening form available at the branch.
2. Initial Deposit: Make the required initial deposit based on the account type.
3. KYC Compliance: Ensure all KYC (Know Your Customer) formalities are completed. This may include verification from SBI branches in India or notary services.
4. Online Application: Alternatively, you can initiate the account opening process online through the SBI USA website for a more streamlined process.

By following these steps, you can easily open an NRI account with SBI in the USA and enjoy the benefits of their extensive services and connectivity with India.