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.
List Of Indian Banks In The USA
- Bank of India
- Canara Bank
- ICICI Bank
- Bank of Baroda
- State Bank of India
Number Of Branches Of Indian Banks In The USA
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
|
Branch Names Of Top Indian Banks In The USA
State Bank Of India US Branches
State Bank Of India US branches is located in the following locations:
- Chicago
- New York
- Los Angeles
- Washington DC (Representative Office)
State Bank Of India New York Branch
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
|
|
Email
|
sbi.nyb@statebank.com
|
|
SWIFT Code
|
SBINUS33
|
State Bank Of India Chicago Branch
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
|
|
Email
|
sbi.chicago@statebank.com
|
|
SWIFT Code
|
SBINUS44
|
State Bank Of India Los Angeles Branch
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
|
|
Email
|
ceo.laa@statebank.com
|
|
SWIFT Code
|
SBINUS66
|
State Bank Of India Washington DC Branch (Representative Office)
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
|
|
Email
|
rep.washington@statebank.com
|
ICICI Bank US Branch And Representative Offices
ICICI Bank New York Branch
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
|
|
Email
|
usaccountmanager@icicibank.com
|
ICICI Bank California Representative Office
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
|
|
Email
|
californiarep@icicibank.com
|
ICICI Bank Texas Representative Office
Below is the address of the ICICI Bank Texas Representative Office
Address - 8305 Preston Road, Suite 400C, Plano, TX 75024
Canara Bank US Branch
Canara Bank New York Branch
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
|
|
Email
|
cbnyc@canarabank.com
|
Bank Of Baroda US Branch
Bank Of Baroda New York Branch
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
|
|
Email
|
newyor@bankofbaroda.com
ce.usa@bankofbaroda.com
|
Bank Of India US Branch
Bank Of India New York Branch
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
|
|
Email
|
BoiNy@bankofindia.co.in
|
|
Website
|
http://www.boiusa.com/
|
|
SWIFT
|
BKIDUS33
|
Bank Of India San Francisco Branch Agency
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
|
|
Email
|
boisfa@aol.com
|
NRI Account Options And Interest Rates For Indians In The USA
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.
How To Open A Bank Account For An NRI Online
If you want to open an NRI account online then consider and follow these steps:
Go To The Bank’s Website
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.
Submit The Necessary Documents
Upload all the necessary required documents such as:
- Address proof: Address in India or overseas
- Photographs: Relevant photograph of the applicant
- PAN Card or Form 60: Copy of your PAN card or Form 60
- Proof of NRI status: Copy of a valid visa, work permit, or overseas resident card, etc.
- PIO or OCI card: Person of Indian origin (PIO) or Overseas Citizen of India (OCI) card if applicable.
Patiently Wait For The Verification
The bank you chose will then verify your documents. After that, they will arrange to pick them up.
To Sum 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.