SBI NRI Banking Services are a specially designed customized set of banking products and services to cater to the global banking needs of the NRI's. India's largest bank - State Bank of India offers various NRI deposit schemes, NRI loans, remittance and other services. The Internet banking facility at SBI called SBI Online has enabled the globally scattered NRIs to access banking services of India's most trusted bank.

SBI NRI accounts include NRE Rupee Accounts, Usual Savings Accounts, Current Account, Fixed Deposits (in foreign currencies like Pound, Sterling, US$, Euro, Canadian Dollar & Australian Dollar), Term Deposits (interest compounded quarterly and paid out quarterly), NRO Accounts, and Foreign Currency NRI (FCNR) Accounts. You can download SBI NRI account opening form from the SBI website.

SBI NRI loans include car loans and home loans. NRI car loans are offered to a borrower who is an Indian resident with a relative NRI as the sponsor and guarantor. SBI NRI loan for vehicles are available for purchase of passenger cars, MUVs or SUVs. State Bank of India NRI home loans are available for purchase of a residential property, construction or renovation of an existing property and loans for purchase of furnishings and other consumer durables. A loan of minimum Rs. 3 lakhs to a maximum of Rs. 20 lakhs are available in a hybrid suite of products including SBI Maxgain home loans, flexi home loans, realty home loans and freedom home loans.

Besides the usual savings and finance products by SBI, NRI banking services also include investment and tax benefit schemes customized for the NRIs. Special banking facilities are also provided for the returning Indians. Freedom to maintain the assets acquired or inherited abroad, maintaining and operating foreign currency accounts with foreign banks, balance transfers from NRI/ FCNR accounts to RFC accounts (in US $).

For further details on SBI NRI service and the service charges levied by the bank or the interest rates on various SBI NRI loans, SBI NRI accounts info and account opening form downloads, refer to SBI official website mentioned below. For details on other banking services by State Bank of India and details of SBI online services, refer to our subsequent pages dedicated to each.
Website:http://www.sbi.co.in/index.htm

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