Chicago, the bustling metropolis nestled in the heart of the United States, is not just a melting pot of cultures but also a thriving hub for international businesses. In recent years, the presence of Indian banks in Chicago has grown, providing financial services to the vibrant Indian community. Such presence of Indian banks in Chicago has helped a lot of Non-Resident Indians (NRIs) to get seamless and hassle-free access to NRI banking services. In this blog, we’ll provide a list of Indian banks in Chicago along with their addresses and contact details to help our NRI diaspora in Chicago to find ease of banking needs.
List of Indian Banks in Chicago: Branches & Contact Details
Only the State Bank of India(SBI) operates its foreign branch in Chicago. However, there are other Indian banks operating branches in many other cities in the US. Listed below are the contact details of Indian banks in Chicago:
- State Bank of India
SBI Chicago Branch
Following is the address of SBI Chicago branch:
| Branch | Chicago |
| Address | 19, South La Salle Street, Suite # 200, Chicago, Illinois, 60603-1467, USA |
| Timings | Mon-Fri, 9:00 AM– 5:00 PMSat-Sun, Closed |
| Phone Number and Email | Phone Number: 312-621-1200Email: [email protected] |
| SWIFT Code | SBINUS44 |
Also read: List of Indian Banks in New York: Address, Contact Details
Top 8 banks for NRI Account for Indians in Chicago, USA
Here is the list of the 8 best NRE savings accounts for NRIs in the USA. Check the NRI account interest rates, minimum balance requirements, and other banking services.
| Bank Name | Interest rate (%) p.a. | Minimum monthly balance requirements |
|---|---|---|
| SBI | -Balance < Rs. 10 cr: 2.70% – Balance Rs. 10 cr & above: 3.00% | – Rs. 1 lakh for Metro & Urban areas and – Rs. 50,000 for Semi-Urban and rural areas |
| ICICI Bank | 3% (below 50 Lakhs) 3.50% (above 50 Lakhs) | Rs. 10,000 |
| HDFC Bank | – 3.50% (Rs. 50 Lakhs and above) – 3% (below 50 Lakhs) | Rs. 10,000 (Metro & urban branches) & Rs. 5,000 (Semi-urban/Rural branches) |
| Axis Bank | – 3% (below 50 Lakhs) – 3.50% (above 50 Lakhs) | Rs. 25,000 |
| HSBC Bank | – 2.00% (balance up to Rs. 10 cr) – 2.50% (balance Rs. 10 cr and above) | Rs. 150,000 |
| YES Bank | -4% (up to 1 lakh) -4.25% (Rs. 1 lakh to 5 lakh) -5% (Rs. 5 lakh to 10 lakh) -6% (Rs. 10 lakh to Rs. 1Cr) -6.25% (Rs. 1 cr to 10 cr) -6.00% (Rs. 10cr to Rs. 25 Cr) | Rs. 10,000 |
| Bank of Baroda | 2.75% | Quarterly average balance Rs. 50,000 |
| Kotak Bank | 3.50% | Rs. 10,000 |
Note: Interest rates are subject to periodic change.
Also read: Indian Banks in the USA: Branches & Locations
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
Indian Banks operating in Chicago offer various banking and investment services to NRI retail and corporate customers and citizens, such as NRE/ NRO accounts, fixed deposits, loans, and credit cards.
NRIs living in Chicago and other cities in the US can avail of 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 Bank has a branch in Chicago?
- Currently, only State Bank of India operates a branch in Chicago. However, various Indian banks operate in the US.
Which Indian bank has a branch in New York?
- Many Indian banks operate in New York through their overseas branches, subsidiaries, or representative offices. The names of Indian banks with branches in New York are State Bank of India (SBI), Bank of Baroda (BOB), Bank of India (BOI), Canara Bank, ICICI Bank, and Kotak Mahindra Bank.
Is there any HDFC Bank in Chicago, USA?
- No, HDFC Bank does not have a physical branch in the US. However, they have dedicated NRI services where users residing in the USA can open an NRI bank account and avail a host of NRI services via HDFC’s smart banking services.
Does ICICI Bank have a branch in Chicago, USA?
- No, ICICI Bank doesn’t have a branch in Chicago. However, they have dedicated NRI services where users residing in USA can open NRI bank account and avail host of NRI services via HDFC’s smart banking services.
What are the best Indian banks in New York?
- There are six Indian banks in New York. They are State Bank of India (SBI), Bank of Baroda (BOB), Bank of India (BOI), Canara Bank, ICICI Bank, and Kotak Mahindra Bank.
Is SBI available in USA?
- Yes, SBI operates four branches in the United States, including a Representative Office in Washington DC, one in New York City, one in Chicago, and one in Los Angeles. Across these branches, SBI has a total of 10 offices located in four different states within the USA.
Does Canara Bank have branch in USA?
- Yes, Canara Bank has a branch office in USA. The branch office is located in New York.
