SBI Canada Bank

SBI Canada Bank or State Bank of India (Canada) is the Canadian subsidiary of the State Bank of India (SBI) and offers a range of personal, business and NRI banking services. The bank lets NRIs manage their finances in a more economical way by staying closely connected to India. If you want to open an NRI account, transfer funds, or explore NRI banking services, then SBI Canada facilitates eligible NRI banking services in coordination with SBI India.

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SBI Canada Bank Branches

SBI Canada has its branches and service locations across many Canadian cities, and it helps customers with banking essentials. These branches provide support for account-related services, remittances, deposits and customer support. SBI Canada operates seven branches in Canada, including,

  • Toronto
  • North York
  • Vancouver
  • Surrey
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SBI Canada Toronto Branch Address

The SBI Canada Toronto Branch offers personal, business, and NRI banking support to customers in Toronto.

Office Address 70 York Street, Unit 1 (Ground floor), Toronto, Ontario M5J 1S9, Canada
Working Hours Monday to Friday 09:30am to 04:00pm
Phone Number (416) 214-1811

SBI Canada North York Branch Address

Customers can visit the SBI Canada North York Branch for account-related services, remittances and general banking assistance.

Office Address Unit 125, 890 Don Mills Road, North York, Ontario M3C 1V6, Canada
Working Hours Tuesday to Saturday 09:30am to 04:00pm
Phone Number (416) 754-0039

SBI Canada Vancouver Branch Address

Located in Vancouver, the SBI Canada Vancouver Branch helps customers with everyday banking and NRI-related enquiries.

Office Address 6433 Fraser Street, Vancouver, British Columbia V5W 3A6, Canada
Working Hours Monday to Saturday 09:30am to 04:00pm
Phone Number (604) 731-6635

SBI Canada Surrey Branch Address

The SBI Canada Surrey Branch provides a range of banking services, including personal, business and NRI banking support.

Office Address 13767 - 72nd Avenue, Unit 13, Surrey, British Columbia V3W 9Z1, Canada
Working Hours Monday to Saturday 09:30am to 04:00pm
Phone Number (604) 583-3363

Note: SBI Bank Canada offers many ways for customers in Canada to get help regarding their banking needs. To know the exact services, customers can contact the bank directly or ask a bank official for any queries. Since branch availability and contact information may vary, customers can review the official SBI Bank website before visiting.

SBI Canada NRI Services

SBI Canada facilitates the application process for NRE and NRO accounts, which are opened and maintained by SBI in India. Customers can ask about NRI account opening procedures from a bank official.

  • Customers can visit any of the branches of SBI Canada to get information on the benefits of NRI accounts, documentation required, remittance services and other NRI banking facilities.
  • SBI Canada helps eligible customers submit their applications and also coordinates with SBI India. This helps NRIs manage their banking requirements while residing in Canada.
  • Customers can also get information about NRI account benefits, online banking services, and fund transfers to India through the banking network of SBI.
  • SBI Canada facilitates remittance and online banking services for eligible customers.

Conclusion

If you are looking for NRI investment plans in India, then maintaining an SBI NRI account can help to manage your banking requirements. SBI Canada helps eligible customers access NRI banking services through SBI India. To know more about its products and services, customers can visit the official SBI Canada website or contact the nearest branch.

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FAQs

  • 1. Can I open an SBI NRI account from Canada?

    Yes. SBI Canada facilitates the application process for eligible NRE and NRO accounts which are opened and maintained by SBI in India.
  • 2. What documents do I need if I want to open an SBI NRI account?

    Those who want to open an SBI NRI account will need a valid Indian passport, identity proof, PAN card, passport-size photographs and such other documents that the bank may ask for.
  • 3. What types of NRI accounts are offered by SBI?

    SBI Canada facilitates applications for NRE and NRO accounts maintained by SBI in India.
  • 4. Can NRIs invest in India through SBI?

    SBI Canada can guide eligible customers regarding NRI banking services offered through SBI India. Investment plans are subject to eligibility and applicable regulations.
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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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