Bank of India in USA

Bank of India (BOI) is among the largest public sector banks of India with branches worldwide. Bank of India (BOI) operates in the United States through its New York Branch and San Francisco Agency and provides corporate banking, trade finance, remittance support and assistance related to NRI banking services.

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Bank of India USA Branch

Bank of India has a full service overseas branch in New York and an agency office in San Francisco. BOI has a presence for Non-Resident Indians (NRIs) in the USA, providing foreign banking services such as trade finance and correspondent banking, as well as remittance services, including money transfer assistance.

  • New York Branch (Full Overseas Branch)
  • San Francisco (Agency Office)

Bank of India New York Branch Address

Customers can contact or visit the New York Branch for corporate banking, trade finance, remittance-related enquiries and guidance on NRI banking products and services.

Office Address 277, Park Avenue, New York, NY 10172-0083 U.S.A.
Working Hours Monday to Friday: 9 AM to 5 PM
Phone Number 212.753.6100

San Francisco Agency Address

You can contact or visit the San Francisco office for corporate banking, trade finance, remittances, and enquiries related to NRI banking services.

Office Address San Francisco Agency 555 Mission Street, Suite 1875, San Francisco, CA 94105
Working Hours Monday to Friday: 9 AM to 5 PM
Phone Number 415.956.6326 / 415.956.2129
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Bank of India NRI Services

NRIs residing in the United States of America can consult the Bank of India USA branch for the purposes of availing details of NRI banking products and services, such as opening NRI accounts, remittances, etc. The customer might directly receive assistance or be directed to the concerned branch of Bank of India back home, depending upon the requirement.

  • Customers wishing to open an NRI account must complete the prescribed account opening forms and submit the required documents as instructed by Bank of India. The account is opened and maintained by the designated Bank of India branch in India, subject to RBI and bank requirements.
  • Once the NRI account has been opened, the customers can access online banking, mobile banking, international remittance or any other services through Bank of India's accredited banking facilities.
  • Non-Resident Indian (NRI) accounts are held in India and have to comply with the regulations of the Reserve Bank of India (RBI). The U.S. Federal Deposit Insurance Corporation (FDIC) does not provide any insurance for NRI accounts since the accounts are maintained in India.
  • However, there are also some NRI account benefits that customers may get by having NRI accounts, such as having access to NRI banking facilities, including remittance services, savings accounts, etc., on condition that customers meet all the bank’s requirements.

Once your NRI banking needs are in place, you may explore the investment plans and make the most of your savings and achieve your financial goals.

Conclusion

Bank of India supports Indians living in the United States through its New York Branch and San Francisco Agency by providing corporate banking, trade finance, remittance support, and guidance on NRI banking products. NRI accounts and most retail banking services are administered through Bank of India branches in India. A Bank of India account makes it easier for customers to access banking services and NRI investment options in India.

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FAQs

  • 1. Can I manage my Bank of India NRI account from the USA?

    Yes, Bank of India provides eligible NRI clients the ability to monitor their accounts via internet and mobile banking facilities. They can check account balance, transfer money to and from accounts and also engage in online banking based on the account type they hold.
  • 2. Does Bank of India offer remittance services for NRIs in the USA?

    Yes. Bank of India facilitates remittance services and enables eligible customers to transfer funds from the United States to India through approved banking channels.
  • 3. Can I open an NRE, NRO, or FCNR account with Bank of India?

    Yes, the Bank of India provides NRE (Non-Resident External), NRO (Non-Resident Ordinary), and FCNR (B) (Foreign Currency Non-Resident) Deposit accounts for eligible NRIs, provided that the guidelines issued by the RBI (Reserve Bank of India) and procedures stipulated by the bank are met by the customer.
  • 4. Can I avail of a home loan from Bank of India if I am an NRI (Non-Resident Indian)?

    Yes, but it will depend on the bank’s eligibility criteria and other conditions. The Bank of India, through its India operations, does provide a home loan to NRIs who meet its criteria.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

*Past 10 Year annualised returns as on 01-09-2026
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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