Leicester, a vibrant city in the heart of England, boasts a rich cultural diversity that is reflected in its business landscape. With a significant Indian diaspora, the city is home to several Indian banks that cater to the financial needs of the community. If you’re looking for information on these banks, including their addresses and contact details, you’re in the right place. These Indian banks in Leicester have helped a lot of Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) to get seamless and hassle-free access to NRI services. In this blog, we’ll provide a list of Indian banks in Leicester along with their addresses and contact details.
Did You Know: A Quick Fun Fact
Non-Resident Indians (NRIs) are the largest foreign-born population in the United Kingdom with a major presence in London, Manchester, Leicester, Birmingham, and Wolverhampton. British Indians and NRIs combined population in Leicester is over 126,421 or 34.30% of the total population of the city.
Also read: List of Indian Banks in London: Address, Contact Details
List of Indian Banks in Leicester: Branches & Contact Details
Many Indian banks including State Bank of India, Punjab National Bank, Bank of Baroda, etc. operate in Leicester through overseas branches, subsidiaries, or representative offices. These banks offer several banking and investment services to UK citizens and Non-Resident Indians (NRIs) staying in Leicester, UK. Listed below are Indian banks in Leicester:
- State Bank of India
- Punjab National Bank
- Bank of Baroda
State Bank of India(SBI) Branch in Leicester, UK
Following is the address of SBI Bank branch in Leicester:
| Address | 25 Horsefair Street, Leicester LE1 5BP |
| Working hours | – Monday to Friday: 9 am – 5 pm (Wednesday – 10 am to 5 pm)– Saturday: 9.30 am – 3 pm |
| Sort code | 60-94-77 |
| Phone Number | 01162 428 830 to 839 |
Punjab National Bank Branch in Leicester, UK
Following is the address of the Punjab National Bank branch in Leicester:
| Address | 160, Belgrave Road, LeicesterLE4 5AU, UK |
| Phone | +44 800 849 9229 |
| Email ID | [email protected] |
Bank of Baroda Branch in Leicester, UK
Following is the address of the Bank of Baroda branch in Leicester:
| Branch | Bank of Baroda Leicester |
| Address | 59 A Belgrave Road – Post / ZIP Code: Le4 6as |
| Phone Number | +44 116 266 3970 |
| Email ID | [email protected] |
How to Open an NRE/NRO Account from Leicester, UK
NRIs can open NRE accounts or NRO accounts from the UK to complete banking transactions in India. An NRI bank account can be maintained in the form of savings and current accounts. NRIs can apply for an NRE or NRO account from the UK online on the respective bank’s website as given below or they can click the ‘Apply for NRI Account’ button in this blog.
Also read: List of Indian Banks in New York: Address, Contact Details
Best banks for NRI account for Indians in Leicester, UK
Through their overseas branches and subsidiaries, several Indian banks cater to the NRI banking needs of Indians living in the United Kingdom. You can compare the features and benefits of NRI accounts extended by multiple banks to select one that fits the best with your requirements. Here are some of the best NRI savings accounts by top Indian banks like SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
10+ Best NRE Accounts for NRIs in 2023
Here is the list of 12 best NRE accounts in India for NRIs based on interest rates, minimum balance requirements, and other banking services.
| BANK NAME | BANK ACCOUNT TYPE | NRE SAVINGS ACCOUNT INTEREST RATE | MINIMUM MONTHLY BALANCE REQUIREMENTS |
|---|---|---|---|
| HSBC Bank | HSBC NRE Bank Account | 2% to 2.5% per annum | Average Quarterly Balance (AQB) of Rs 150,000 or more in a combination of savings account, current account and fixed deposit balances |
| Axis Bank | Axis NRE Bank Account | 3% (Balance below 50 Lakhs) 3.50% (Balance above 50 Lakhs to Rs. 800 cr.) | – Rs. 10,000 to Rs. 12,000 (easy savings account) – Rs. 25,000 (prime savings account) |
| Yes Bank | Yes Bank NRE Account | 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 |
| IDFC First Bank | IDFC First NRE Bank Account | – <= Rs. 10 lakh: 4.00% – Above Rs. 10 lakh to Rs. 5 cr: 7.00% – Above Rs. 5 cr to Rs. 50 cr: 6.75% – Above Rs. 50 cr to Rs. 100 cr: 5.00% – Above Rs. 100 cr to Rs. 200 cr: 4.50% – Above Rs. 200 cr: 3.50% | – |
| ICICI Bank | ICICI NRE Bank Account | 3% (Balance below 50 Lakhs) 3.50% (Balance above 50 Lakhs) | Rs. 10,000 |
| HDFC Bank | HDFC NRE Bank Account | 3.50% (Balance of and above Rs. 50 lakh) 3% (Balance below 50 Lakhs) | Rs. 10,000 (Metro & urban branches) & Rs. 5,000 (Semi-urban/Rural branches) |
| SBI Bank | SBI NRE Bank Account | 2.70% for balance < Rs. 10 cr 3.00% p.a. for balance Rs. 10 cr and above | Rs. 1 lakh for Metro & Urban areas and Rs. 50,000 for Semi-Urban and rural areas |
| Kotak Mahindra Bank | Kotak Mahindra NRE Bank Account | 3.50% | Rs. 10,000 |
| Bank of Baroda | Bank of Baroda NRE Account | 2.75% | Quarterly average balance Rs. 50,000 |
| RBL Bank | RBL Bank NRE Account | 4.25% to 7.00% | Rs. 50,000 |
| Federal Bank | Federal Bank NRE Account | 3.05% – 6.00% p.a. | Rs. 5,000 – Rs. 10,000 |
| SBM | SBM Bank NRE Account | 3.50% (up to 2 Lakhs) 4% (2 lakhs to 5 lakhs) 5% (above 5 Lakhs) | 0 Balance |
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 Leicester and other cities of the UK 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 is available in Leicester?
- Many Indian banks including State Bank of India, Punjab National Bank, Bank of Baroda, etc. operate in Leicester through overseas branches, subsidiaries, or representative offices.
Is Axis Bank available in the UK?
- Yes. Axis Bank is available in the UK. They have a corporate office and also run a main branch in London. Please find the contact details of the Axis Bank UK Branch here.
Is SBI available in Leicester?
- Yes. SBI bank is available in Leicester. Please refer to the above blog to find the address and contact details of the SBI Branch in Leicester.
Is HDFC available in the UK?
- HDFC Bank has an access point in London, via which you can avail HDFC banking services. Please find the details of HDFC Bank UK Branch here.
Is Punjab National Bank available in Leicester?
- Yes. Punjab National Bank is available in Leicester. Please refer to the above blog to find the address and contact details of the Punjab National Branch in Leicester.
