SBI Branches in Australia
There are two branches of State Bank of India (SBI) in Australia that provide banking services for individuals, businesses, and non-resident Indians. Banking services such as remittance, deposit, trade finance, account assistance, and general banking can be availed from these two branches. The two SBI branches in Australia are located at:
- Sydney Branch
- Melbourne Branch
Please note that both these branches function on an appointment-only basis.
SBI Melbourne Branch
| Office Address |
Level 15, 350 Collins Street, Melbourne VIC 3000 |
| Operating Hours |
Monday to Friday: 9:30 AM to 4:30 PM. Saturday and Sunday: Closed |
| Customer Appointment Hours |
Monday to Friday: 10:00 AM to 3:00 PM |
| Phone Number |
+61 3 8637 7930 |
Note: SBI Australia is regulated by APRA under ADI for foreign banks. NRI accounts are opened by the State Bank of India in India and not in Australia. Please verify the services offered by the branch you wish to visit before making your booking.
SBI Bank NRI Services
NRIs from Australia may approach or contact any of the SBI branches for getting the information related to the NRI banking products. As per the requirement, the Australian branches will help customers directly or refer customers to the SBI Global NRI Centre located at Ernakulam in India.
- Eligible customers can enquire about NRI accounts including NRE, NRO, and FCNR (B) accounts. The Sydney branch facilitates the process and connects customers with SBI's Global NRI Centre at Ernakulam, India, for further assistance.
- The branches in Australia provide NRI banking queries and help customers to get connected to the NRI services team of SBI India.
- NRI account holders who are eligible can avail the NRI account benefits like fund repatriation, higher interest rates in NRE fixed deposit and internet banking.
- Money transfer services to India from Australia are available using SBI’s online platform e-Remit. Money transfers are possible in eight main currencies such as AUD, INR, USD, GBP, EUR, NZD, CAD, and SGD. The applicable exchange rates and charges would apply.
- The term deposits available with SBI Australia are in six different currencies such as AUD, USD, GBP, EUR, NZD, and CAD. The tenure of the deposit can be anywhere between three months and five years.
- In case one is looking to plan their finances for the long term, then they should opt for appropriate investment plans according to their needs.
Learn more about NRI investment options in India and choose those that best align with your financial objectives.
Conclusion
The presence of SBI Australia has made banking easier through its branches located in Sydney and Melbourne. SBI Australia has been servicing its customers for as long as two decades. Whether assistance is needed in terms of remittances, deposits, or NRI banking advice, the two branches will cater to your needs.
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