Currently eight Indian banks are present in Singapore. While Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, and Axis Bank have one branch each, there are two branches of ICICI Bank and five SBI branches in Singapore. In this blog, we’ll provide a list of Indian Banks in Singapore with their contact details, addresses, and more.
SBNRI is a business partner of leading Indian banks like HSBC Bank, Axis Bank, Yes Bank, DBS Bank etc. NRIs can apply for an NRE/ NRO account with top banks by clicking the below button.
Also read: NRI Account Opening in Singapore
Number of Branches of Indian Banks in Singapore
| Indian Banks in Singapore | No. of Branches |
|---|---|
| State Bank of India | 5 |
| ICICI Bank | 2 |
| Bank of Baroda | 1 |
| Bank of India | 1 |
| Indian Bank | 1 |
| Indian Overseas Bank | 1 |
| UCO Bank | 1 |
| Axis Bank | 1 |
State Bank of India Singapore
State Bank of India is the largest public sector bank in India and started operations in Singapore in 1977 with an offshore banking license. In 2008, SBI Singapore achieved Full Bank status with QFB privileges. The bank operates through a network of 5 retail branches, 19 SBI ATMs and over 200 ATMs via the shared island wide ATM5 network. SBI offers a suite of retail banking and corporate banking products to local and NRIs in Singapore.
List of SBI Branches in Singapore
SBI Singapore branches, opening hours and telephone numbers are mentioned below:
- SBI Cecil Street
- SBI Ang Mo Kio
- SBI Jurong Gateway Road
- SBI Singapore Little India Branch
- SBI Marine Parade Central
Also read: SBI Bank International Branches List: Address, Contact Details
SBI Singapore Cecil Street Branch
Following is the address of SBI Singapore branch in Cecil Street:
| Address | 139 Cecil Street #01-01, YSY Building Singapore 069539 |
| Branch Operating Hours | – Mon to Fri: 10:00 am to 05:00 pm – Saturday: 09:30am to 12:30pm (Sunday closed) |
| Phone Number | Tel: (65) 6506 4215 Fax: (65) 6228 1155 |
| Email ID | [email protected] |
SBI Singapore Ang Mo Kio Branch
Following is the address of SBI Singapore Ang Mo Kio branch:
| Address | Block 710A Ang Mo Kio Avenue 8 #01- 2633 Singapore 561710 |
| Branch Operating Hours | – Mon to Fri: 10:00 am to 05:00 pm – Saturday: 09:30am to 12:30pm (Sunday closed) |
| Phone Number | Tel: (65) 6506 4255 |
| Email ID | [email protected] |
SBI Jurong Gateway Road
| Address | Jurong East Branch Block 130 Jurong Gateway Road # 01-233 Singapore 600130 |
| Branch Operating Hours | Mon – Fri: 10.00am to 5.00pm Sat: 09:30am to 12:30pm Sun: Holiday |
| Phone Number | (65) 6506 4277 |
| Email ID | [email protected] |
SBI Bank Singapore Little India Branch
Following is the address of SBI Bank Singapore Little India Branch:
| Address | – Block 677 Rangoon Road, – (Opposite Farrer Park,MRT Exit A) – #01-02 – Singapore 210677 |
| Branch Operating Hours | – Tuesday to Sunday: 1.00 pm to 07:00 pm (Monday closed) |
| Phone Number | Tel: (65) 6506 4211 Fax: (65) 6228 1195 |
| Email ID | [email protected] |
SBI Singapore Marine Parade Branch
Following is the address of SBI Singapore Marine Parade branch:
| Address | – Block 83 Marine Parade Central – # 01-564 – Singapore 440083 |
| Branch Operating Hours | – Mon to Fri: 10:00 am to 05:00 pm – Saturday: 09:30am to 12:30pm (Sunday closed) |
| Phone Number | Tel: (65) 6506 4266Fax: (65) 6440 6852 |
| Email ID | [email protected] |
ICICI Bank Singapore Branch
The Singapore branch is the first overseas branch of ICICI Bank. The bank received a license from the Monetary Authority of Singapore (MAS) for offering banking services in Singapore with effect from August 1, 2003. MAS granted ICICI bank a Full Bank license with Qualified Full Banking (QFB) privileges and ACU capabilities in April 2010. ICICI Bank Singapore branch offers various services in the following business segments:
- NRIs (Non-Resident Indians)
- MNCs and Indian Corporates
- Institutional Investors
- Trade Flows
Also read: ICICI Bank International Branches List: Address, Contact Details
ICICI Bank Singapore Branch Details
Following is the address of ICICI BankSingapore branch in Singapore:
| Address | ICICI Bank Limited 9 Raffles Place 50-01 Republic Plaza, Singapore 048619 |
| Branch Operating Hours | – Monday to Friday, 1100 hrs-1500 hrs – Closed on: Saturday, Sunday and Public Holidays. |
| Phone Number | Tel: 8001012553 (Toll-free), (65) 67239009 |
| Email ID | [email protected] [email protected] |
Axis Bank Singapore
Axis Bank opened its branch in Singapore in April 2006. The bank offers a host of services for customers worldwide, such as NRI accounts, deposits, loans, insurance, investments, and other banking services.
Also read: Axis Bank International Branches: Dubai, UK, Singapore
Axis Bank Singapore Branch Details
Following is the address of the Axis Bank Singapore branch in Singapore:
| Address | 9 Raffles Place, 16-20 Republic Plaza II, Singapore – 048619 |
| Phone Number | Tel: 0065-65719229 |
Bank of Baroda Singapore
Inaugurated on 19 September 2006, Bank of Baroda Singapore is a wholesale bank. The bank has received a license from the Monetary Authority of Singapore to carry out banking operations in Singapore. Some of the services offered by the bank include trade finance, syndicated/ bilateral loans, foreign currency deposits etc.
Also read: Bank of Baroda International Branches List: Address & Contact Details
Bank of Baroda Wholesale Banking Unit Singapore
| Branch | Bank of Baroda Wholesale Banking Unit (Singapore) |
| Address | 9, Raffles Place, #34-02 Republic Plaza, Singapore – 048619 |
| Phone Number | – (0065) 65367749 |
| Email ID | [email protected] |
Bank of India Singapore
Bank of India started operations in Singapore from 4th June 1951. The bank holds both domestic & ACU licenses, and is fully computerized and SWIFT connected. The bank has over six decades of expertise in trade finance, loans, trade finance, remittances, and a host of other banking services.
Bank of India Singapore Branch Details
| Branch | Bank of India Singapore Branch |
| Address | 158, Cecil Street, 01, #02 Singapore 069545 (near Tanjong Pagar MRT) |
| Mailing Address | Bank of India, Post Box No.:488 231 Bras Basah, #01-03, Singapore 180231 |
| Phone Number | 65-62220011 |
| Email ID | [email protected] [email protected] |
UCO Bank Singapore
UCO Bank has had an international presence for over 67 years and commenced operations in Singapore from 21 April 1951. UCO Bank Singapore is a Full-licensed Bank with a Domestic Banking Unit (DBU) and Asian Currency Unit granted by the Monetary Authority of Singapore.
The bank offers a wide range of international banking products, services and financial solutions to all cross-section of the business community, individual customers and constituents.
UCO Singapore Branch Details
| Branch | UCO Bank Singapore Branch |
| Address | Bharat Building, Level 4, Raffles Place, Singapore – 048617 |
| Fax Number | (65) 6532 5044 |
| Phone Number | 65325944 EXT 241 |
| Email ID | [email protected] |
Indian Overseas Bank Singapore
Indian Overseas Bank is the first Indian bank to start operations in Singapore. In February 1941, the bank commenced its operations. The Singapore branch of Indian Overseas Bank is fully automated with SWIFT facility. The bank specializes in retail banking services, remittance services, trade finance services and credit services.
Indian Overseas Bank Singapore Branch Details
| Branch | Indian Overseas Bank Singapore Branch |
| Address | CECIL STREET, Indian Overseas Bank, 64, Cecil Street, IOB Building, Singapore – 049711 |
| Fax Number | +65 6224 4490 |
| Phone Number | +65 6225 1100 |
| Email ID | [email protected] |
Indian Bank Singapore
Indian Bank commenced operations in Singapore on 23rd July 1941. The bank has SWIFT connectivity with over 400 banks worldwide and provides a wide range of banking services, in trade financing, retail banking, Indian Rupee remittances, and loan syndication.
Indian Bank Singapore Branch Details
| Branch | Indian Bank Singapore Branch |
| Address | 3 Raffles Place, Bharat Building, Singapore 048617 |
| Fax Number | (65) 6533 1651 |
| Phone Number | (65) 6534 3511 |
| Email ID | [email protected] |
Top Banks for NRI Account Opening in Singapore
| Name of the Bank | Interest Rates | Minimum Balance Required |
|---|---|---|
| DBS Bank | 3.25% p.a. (Balances less than Rs. 1 lakh) 3.00% p.a. (Balances Rs. 1 lakh up to Rs 5 lakh) | An initial deposit of INR 5 lakhs is required. Subsequently, the Total Relationship Value (TRV) needs to reach a minimum of INR 30 lakhs within a span of 6 months. |
| State Bank of India | 2.70% p.a. (Balances less than Rs. 10 Crore) 3.00% p.a. (Balances Rs. 10 Crore & above) | AMB- Rs.3,000 (metro/urban branches) AMB- Rs. 2,000 (semi urban areas) AMB- Rs.1,000 (rural branches) |
| HSBC Bank | 2.00% p.a. (Balances up to Rs. 10 Crore) 2.50% p.a. (Balances above Rs. 10 Crore) | (AMB) of Rs. 150,000 should be maintained in a combination of HSBC NRI savings account and fixed deposits. |
| HDFC Bank | 3.50% p.a. (Rs. 50 Lakhs and above) 3% p.a. (below 50 Lakhs) | AMB- Rs. 10,000 (Metro/ Urban branches) AMB- Rs. 5,000 (Semi-urban) AMB- Rs.2,500 (Rural Branches) |
| Bank of Baroda | 2.75% p.a. | AMB- Rs.1,000 |
| Axis Bank | 3% p.a. (Balance below 50 Lakhs) 3.50% p.a. (Balance above 50 Lakhs to Rs. 800 cr.) | AMB- Easy Savings Account- Rs. 12,000 (metro/urban areas)Rs. 10,000 (other areas) AMB- Prime Savings Account- Rs. 25,000 AMB- Mariner Account- Rs. 10,000 AQB- Priority Account- Rs.2,00,000 AQB- Burgundy Account-Rs.10,00,000 |
NRI Account Opening through SBNRI
To apply for an NRI account online, you have two options. You can either click the “Apply for NRI” button on this page or utilize the SBNRI app. The SBNRI app is a unique platform designed specifically for the convenience of opening an NRI account online. Here are the simple steps to apply for an online NRI account using the SBNRI app:
- Download the SBNRI app from either the Google Play Store or App Store.
- Log in to the app using your credentials.
- Tap on the “Open NRI account” button and choose the desired bank from the provided list.
- Utilize the in-app scanning feature to scan and upload your KYC documents.
- Finally, click on the “Apply” button, and your application will be submitted.
By following these steps, you can easily apply for an NRI account online using the user-friendly SBNRI app.
Contact SBNRI
NRIs living in Singapore can avail a variety of online financial services available in India, including NRO, NRE account opening, investment in India, tax filing, and a lot more. You can download SBNRI App to apply for an NRI account with nominal documentation in just 10 minutes.
You can also click on the button below to open an NRI account. Also visit our blog and YouTube Channel for more details.
FAQs
Which Indian banks have branches in Singapore?
- Currently eight Indian banks are present in Singapore. While Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank, and Axis Bank have one branch each, there are two branches of ICICI Bank and five SBI branches in Singapore.
Which bank is best in Singapore for Indian?
- Many Indian banks are operating in Singapore offering options like NRI Bank account opening, NRE/NRO Account, Fixed deposits, and more. You can find more about the best banks and accounts for Indians in Singapore in the above blog.
Can I use Indian bank account in Singapore?
- Yes, you can use Indian Bank services in Singapore and internationally via net banking and mobile banking. For international usage of Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
Can I use my Indian debit card in Singapore?
- For international usage of Debit card, you need to activate international usage by logging into their net banking website or by calling customer care.
Is SBI available in Singapore?
- Yes, SBI services are available in Singapore via their branch offices. They have 5 branch offices in Singapore. Please refer to the SBI Singapore Branch Details in the above blog
Is Bank of Baroda available in Singapore?
- Yes, Bank of Baroda services are available in Singapore via their branch office. Please refer to the Bank of Baroda Singapore Details in the above blog
Which is the first Indian Bank in Singapore?
- Indian Overseas Bank is the first Indian bank to start operations in Singapore. In February 1941, the bank commenced its operations.
