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Indian Banks in the USA: Branches & Locations
Are you a Non-Resident Indian (NRI) or an Overseas Citizen of India (OCI) looking for information on Indian banks with branches in the USA? We've put together a comprehensive list of the most well-known Indian banks operating in the United States.
The United States is a top choice for Indians engaging in business, employment, or education. Several Indian banks have expanded their services to the US, providing a vital link between them. Notable among these are the State Bank of India, ICICI Bank, and Bank of Baroda, which operate via overseas branches, subsidiaries, or representative offices. They offer a plethora of banking and investment services tailored to US citizens and NRIs in the US. Below is an expansive list of these banks and their US branches and locations.
List of Indian Banks in the USA
State Bank of India US Branches
- State Bank of India New York Branch
- Address: 460 Park Avenue, New York, N.Y., 10022, USA
- Business Hours: Monday to Friday, 9:00 AM–5:00 PM
- Closed on Saturday and Sunday
- Phone: 212-521-3200
- Email: sbi.nyb@statebank.com
- SWIFT Code: SBINUS33
- State Bank of India Chicago Branch
- Address: 19 South La Salle Street, Suite # 200, Chicago, Illinois, 60603-1467, USA
- Phone: 312-621-1200
- Email: sbi.chicago@statebank.com
- SWIFT Code: SBINUS44
- State Bank of India Los Angeles Branch
- Address: 707 Wilshire Blvd., Suite # 1995, Los Angeles, California – 90017, USA
- Phone: 213-627-7350
- Email: ceo.laa@statebank.com
- SWIFT Code: SBINUS66
- State Bank of India Washington DC (Representative Office)
- Address: 1200, 17th Street, NW, Suite 205, Washington D.C. 20036
- Email: rep.washington@statebank.com
ICICI Bank US Branch and Representative Offices
- 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)
- 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)
- Address: 8305 Preston Road, Suite 400C, Plano, TX 75024
Canara Bank USA
- Canara Bank New York
- Address: SUITE NO – 1170, 11TH FLOOR, 805,3RD AVENUE, NEW YORK NY 10022, U.S.A.
- Phone: 0016467600495
- Email: cbnyc@canarabank.com
Bank of Baroda USA
- Bank of Baroda New York
- Address: One Park Avenue New York, NY 10016 USA
- Phone: (001) 212-578-4550
- Email: newyor@bankofbaroda.com and ce.usa@bankofbaroda.com
Bank of India US Branches
- Bank of India New York Branch
- Address: 277, Park Avenue New York NY 10172-0083 U.S.A.
- Phone: 001212-753-6100
- Email: BoiNy@bankofindia.co.in
- SWIFT Code: BKIDUS33
- Bank of India San Francisco Branch (Agency)
- Address: 555 Mission Street Suite # 1875 San Francisco CA – 94104
- Phone: 001415-956-6326
- Email: boisfa@aol.com
NRI Account Options and Interest Rates for Indians in the USA
The following banks offer NRI Account facilities with competitive interest rates:
State Bank of India (SBI)
- Interest rates vary from 2.70% for balances less than Rs. 10 crore to 3.00% for balances above.
- The minimum monthly balance requirement ranges from Rs. 1 lakh in metro and urban areas to Rs. 50,000 in semi-urban and rural areas.
ICICI Bank
- Offers 3% interest for balances below 50 Lakhs and 3.50% for those above, with a minimum balance requirement of Rs. 10,000.
HDFC Bank, Axis Bank, HSBC Bank, YES Bank, Bank of Baroda, and Kotak Bank
- These banks have their own set interest rates and minimum balance requirements, providing various options for NRIs in the USA.
How to open an NRI account through iNRI?
You can open a Non-Resident Ordinary (NRO) or Non-Resident External (NRE) account through iNRI.
Open a NRE/NRO account with leading Indian banks with zero hassle -
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Here’s the list of documents that you would need for opening a NRE/NRO bank account
Documents Checklist
- Passport and Visa Copy
- Proof of NRI Status - Residential Certificate or Overseas Employment Certificate
- Overseas address proof
- Passport-size photograph
- Person of Indian Origin (PIO) or Overseas Citizen of India (OCI) card (if applicable)
Open NRE/NRO Bank account today. Are you wondering what the difference between an NRE and an NRO Account is? Here’s a detailed blog on NRE vs. NRO - What's the right bank account for NRIs?
Conclusion
Indian banks such as the State Bank of India, ICICI Bank, Canara Bank, Bank of Baroda, and Bank of India offer extensive banking services in the United States, catering to the diverse needs of Non-Resident Indians (NRIs) and Americans alike. These institutions provide a critical financial bridge between India and the US, facilitating seamless transactions and financial services. With branches and representative offices strategically located across major US cities, these banks ensure that NRIs have convenient access to their accounts and can efficiently manage their financial obligations in both countries. Whether you're seeking to open an NRI account or need specialized banking assistance, these banks stand ready to support your financial journey in the USA.
Indian Banks in the USA: Branches & Locations: Frequently Asked Questions (FAQs)
Where is the State Bank of India (SBI) located in the USA?
SBI has several locations in the USA:
- New York Branch: 460 Park Avenue, Suite 3, New York, NY 10022.
- Chicago Branch: 19 South La Salle Street, Suite #200, Chicago, IL 60603.
- Los Angeles Branch: 707 Wilshire Blvd., Suite #1995, Los Angeles, CA 90017.
- Washington, D.C. Representative Office: 1200, 17th Street, NW, Suite 205, Washington, D.C. 20036 .
What services do Indian banks in the USA offer to NRIs?
Indian banks in the USA offer a variety of services tailored for Non-Resident Indians (NRIs), including:
- NRE and NRO savings accounts
- Fixed deposits (FCNR, RFC)
- NRI home loans and other loans against deposits
- Investment options such as mutual funds and demat account
- Remittance services to and from India. These services cater to the banking, investment, and financial needs of NRIs residing in the USA.
Are the Indian bank branches in the USA FDIC insured?
Yes, the branches of Indian banks in the USA, such as those of the State Bank of India (SBI) in New York and Chicago, are FDIC insured. This ensures that deposits made at these branches are protected up to the insurance limits provided by the FDIC.
FDIC - Federal Deposit Insurance Corporation
Can I open an NRI account with Indian banks in the USA?
Yes, NRIs can open NRE/ NRO accounts with Indian banks while residing in the USA. The process typically involves filling out an application form online, submitting necessary documents, and sending the completed application to the bank's designated address. Some banks, like SBI, provide the option to get the form attested by notary public or the Indian Embassy before submission.
At iNRI, we have a dedicated partner who helps NRIs and OCIs open NRE and NRO bank accounts online and completely hassle-free.
