Germany, one of Europe’s largest economies, is home to a thriving Indian community and numerous businesses with strong ties to India. To support the financial needs of this growing population, several Indian banks have established a presence in Germany.
These banks offer tailored solutions for Non-Resident Indians (NRIs) and businesses, providing services such as remittances, NRI account management, and investment opportunities. With their strategic presence, Indian banks act as a vital bridge, facilitating seamless financial transactions between India and Germany.
This article will guide you through the Indian Bank’s presence in Germany, list its branches, and explain how NRIs can open an account through iNRI.
How Many Indian Bank Branches Are There In Germany?
Germany hosts two branches of Indian banks, ICICI and SBI in Frankfurt, which is a financial hub in Europe. These banks ensure that the Indian community and local businesses with ties to India have access to reliable financial services.
There are 2 Indian bank branches in Germany -
List of Indian Bank Branches in Germany
The address details of each of the Indian bank branches in Germany are as follows -
SBI Frankfurt Branch, Germany
Mainzer Landstrasse 61, 60329 Frankfurt am Main, Germany.
Phone Number: 4969 272370
Working Hours: Monday - Thursday: 8:45 - 12:45 and 13:30 - 16:00
Friday: 8:45 - 12:45 and 13:30 - 15:00
Closed on all German Holidays
ICICI Germany Branch, Germany
Frankfurter Str. 27, 65760 Eschborn, Germany
Phone Number(s): 49 61969239537, 61967833000
Working Hours: 8:00 AM-8:00 PM CET
How To Open An Indian Bank Account In Germany If You Are An NRI?
If you are an NRI residing in Germany, opening an Indian bank account is essential for managing remittances, investments, and income earned in India. Indian banks offer two primary account options:
- NRE (Non-Resident External) Account: Ideal for income earned abroad, offering tax-free interest.
- NRO (Non-Resident Ordinary) Account: Suitable for managing income generated in India.
Steps to Open an Indian Bank Account in Germany:
- Visit the Bank Branch: Approach the nearest branch of an Indian bank in Germany.
- Submit Required Documentation: Provide proof of identity, proof of overseas address, and relevant financial documents.
- Complete the Application Form: Fill out the account opening form with the assistance of bank officials.
- Account Activation: After verification of your documents, your account will be activated within a few working days.
How Can iNRI Help?
For NRIs who find it inconvenient to visit a branch, iNRI offers a hassle-free solution to open an NRE/NRO account online. iNRI’s digital services eliminate the need for physical visits and streamline the entire process, allowing you to open an account from the comfort of your home. Here’s how iNRI facilitates the process:
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 an efficient and user-friendly way for NRIs in Germany to access banking services in India without needing to visit a branch.
Frequently Asked Questions (FAQs) - Indian Bank Branches in Germany
Is State Bank of India (SBI) Branch available in Germany?
Yes, there is one SBI bank branche available in Germany,
The address details are as follows
Mainzer Landstrasse 61, 60329 Frankfurt am Main, Germany.
Is ICICI Bank Branch available in Germany?
Yes, there is a ICICI bank branch available in Germany,
The address details are as follows
Frankfurter Str. 27, 65760 Eschborn, Germany
Can I open an NRI account in Germany?
Yes, NRIs can open accounts with an Indian Bank account in Germany. Options include NRE, NRO, and FCNR accounts designed for easy fund management and remittance.
