Wolverhampton, a vibrant city in the West Midlands of England, is home to a diverse community that includes a significant Indian diaspora. As financial institutions play a crucial role in supporting the needs of residents and businesses, a lot of Indian banks have opened their foreign branches, overseas branches, representative offices, and more in Wolverhampton in recent times. These Indian banks in Wolverhampton 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 Wolverhampton 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 Wolverhampton is over 44,000.
Also read: List of Indian Banks in London: Address, Contact Details
List of Indian Banks in Wolverhampton: Branches & Contact Details
Major Indian banks including State Bank of India and Punjab National Bank operate in Wolverhampton 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 Wolverhampton, UK. Listed below are Indian banks in Wolverhampton:
- State Bank of India
- Punjab National Bank
Also read: List of Indian Banks in Manchester: Address, Contact Details
State Bank of India(SBI) Branch in Wolverhampton, UK
Following is the address of SBI Bank branch in Wolverhampton:
| Address | 39 Queen Square, Wolverhampton WV1 1TL |
| Working hours | – Monday to Friday: 9 am – 5 pm (Wednesday – 10 am to 5 pm)– Saturday: 9.30 am – 3 pm |
| Sort code | 60-95-82 |
| Phone Number | 01902 716 050 |
Punjab National Bank Branch in Wolverhampton, UK
Following is the address of the Punjab National Bank branch in Wolverhampton:
| Address | 502-504, Dudley Road, Wolverhampton WV2 3AA, UK |
| Phone | +44 800 849 9229 |
| Email ID | [email protected] |
How to Open an NRE/NRO Account from Wolverhampton, 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 Wolverhampton, 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 |
Note: Interest rates are subject to periodic change
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 Wolverhampton 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 Wolverhampton 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 the 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 Wolverhampton?
- Major Indian banks including State Bank of India and Punjab National Bank etc. operate in Wolverhampton 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 Wolverhampton?
- Yes. SBI bank is available in Wolverhampton. Please refer to the above blog to find the address and contact details of the SBI Branch in Wolverhampton.
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 Wolverhampton?
- Yes. Punjab National Bank is available in Wolverhampton. Please refer to the above blog to find the address and contact details of the Punjab National Bank Branch in Wolverhampton.
