With a significant Indian diaspora in Australia, Indian banks have established branches in major cities to cater to the financial needs of Non-Resident Indians (NRIs). These branches offer a range of services, including remittance solutions, NRE/NRO account management, and support for investments in India, making cross-border banking seamless and convenient.
This article will guide you through the Indian Bank’s presence in Australia, list its branches, and explain how NRIs can open an account through iNRI.
How Many Indian Bank Branches Are There In Australia?
Australia is home to several branches of major Indian banks, primarily located in metropolitan hubs like Sydney and Melbourne. These branches serve the growing Indian community, providing financial solutions tailored to their unique requirements.
List of Indian Bank Branches in Australia
The address details of each of the Indian bank branches in Australia are as follows -
SBI Australia Sydney Branch, Australia
Level 31, Suite 02264 George Street, Sydney NSW 2000
Phone Number: 02 9241 5643
Working Hours: Monday – Friday: 9:30 am – 4:30pm
SBI Australia Melbourne Branch, Australia
Level 9, Victory Tower, 416-420 Collins Street, Melbourne VIC 3000
Phone Number: 03 8637 7930
Working Hours: Monday – Friday: 9:30 am – 4:30pm
Bank of Baroda Sydney Branch, Australia
Suite 701, 702, Level 7, 265 Castlereagh Street, Sydney NSW 2000
Phone Number: (02) 90877400
Union Bank Australia (Sydney) Branch, Australia
Suite 9.02, Level 9, 20 Hunter StreetSydney, NSW 2000
Phone Number: 61 2 9221 2766
How To Open An Indian Bank Account In Australia If You Are An NRI?
As an NRI in Australia, opening an Indian bank account is essential for managing your financial activities, such as sending remittances, handling income earned in India, or saving foreign earnings. Indian banks offer two types of accounts for NRIs:
- NRE (Non-Resident External) Account: Best for income earned abroad, with tax-free interest.
- NRO (Non-Resident Ordinary) Account: Suitable for managing income earned in India.
Steps to Open an Indian Bank Account in Australia:
- Visit the Bank Branch: Locate a branch of your preferred Indian bank in Australia.
- Submit Required Documentation: Provide proof of identity, address, and financial details as per the bank’s guidelines.
- Fill Out the Application Form: Complete the application process with the assistance of bank officials.
- Wait for Account Activation: Once the bank verifies your documents, your account will be activated within a few working days.
How Can iNRI Help?
If visiting a branch is inconvenient, iNRI offers a streamlined solution to open an NRE/NRO account from the comfort of your home. This online service eliminates the need for physical visits or submitting paperwork in person, ensuring a hassle-free experience for NRIs. Here’s how iNRI can help you open an NRE/NRO account online:
Steps to Open an NRE/NRO Account Through iNRI
- Visit the iNRI Portal
Go to iNRI’s NRE/NRO account page to get started. - Submit the Interest Form
Complete the online form expressing your interest, including basic personal details to initiate the process. - Make the Payment
After submitting the form, make the necessary payment to proceed with the application. - Receive Documentation Assistance
Once payment is confirmed, you’ll receive an email from iNRI connecting you with a documentation partner who will guide you through the next steps. - Fill Out the Application Form
Complete the application form as directed by the documentation partner. - Upload Required Documentation
Follow the guidelines to upload all required documents, such as proof of identity, overseas address, and financial documents. - Account Activation
After submitting all documents and the application, your NRE/NRO account should be ready within 30 working days.
iNRI’s online process provides a convenient and efficient way for NRIs in Australia to access banking services in India without needing to visit a local branch.
Frequently Asked Questions (FAQs) - Indian Bank Branches in Australia
Is State Bank of India (SBI) Branch available in Australia?
Yes, there are 2 SBI bank branches available in Australia,
The address details are as follows
SBI Australia Sydney Branch: Level 31, Suite 02264 George Street, Sydney NSW 2000
SBI Australia Melbourne Branch: Level 9, Victory Tower, 416-420 Collins Street, Melbourne VIC 3000
Is Bank of Baroda Branch available in Australia?
Yes, there is a Bank of Baroda branch available in Australia,
The address details are as follows
Suite 701, 702, Level 7, 265 Castlereagh Street, Sydney NSW 2000
Is Union Bank of India Branch available in Australia?
Yes, there is Union Bank of India branch available in Australia,
The address details are as follows
Suite 9.02, Level 9, 20 Hunter StreetSydney, NSW 2000
Can I open an NRI account in Australia?
Yes, NRIs can open accounts with an Indian Bank account in Australia. Options include NRE, NRO, and FCNR accounts designed for easy fund management and remittance.
