Manage your U.S. and Indian finances effortlessly with SBIC Bank’s NRI Banking Services. Access personal and business banking solutions and send international remittances, all with competitive rates and secure transactions at any of our locations.
SBIC Bank is a California-based, FDIC-insured subsidiary of State Bank of India (SBI) and a trusted resource for US-based Non-Resident Indians (NRIs) managing financial ties between the U.S. and India. We offer three core services for the NRI community:
US-side banking: Personal and business checking, savings, CDs, and remittances, all opened and held at SBIC Bank in the U.S.
Remittances to India: Send money to India via wire transfer or SendMoneyEZ®, zero transfer fees online.
Attestation and facilitation: Document attestation and KYC verification for NRE, NRO, FCNR, and Home Loan applications at SBI branches in India. SBIC verifies and signs off; the accounts are opened by SBI in India, not by SBIC Bank.
SBIC Bank can attest documents for the following India-held account types. Here's how they differ:
For money you earn abroad and want to send to India. Interest is tax-free in India, and the account is fully repatriable; you can move funds back to the U.S. at any time. Held in Indian rupees. Available as a savings, checking, or fixed deposit account. (Not insured by FDIC — held at SBI.)
For income earned in India: rent, pension, dividends. Interest is taxable in India at source. Repatriation is permitted up to approximately USD $1 million per year with the required documentation. Can be opened jointly with a resident Indian. (Not insured by FDIC — held at SBI.)
A fixed deposit held in U.S. Dollars, Pound Sterling, or Euro, designed to hedge against rupee exchange-rate risk. Fully repatriable. (Not insured by FDIC — held at SBI.)
For NRIs or PIOs returning to India permanently after living abroad. Held in U.S. Dollars currently. Can be converted to an FCNR or NRE account if the account holder becomes an NRI again. (Not insured by FDIC — held at SBI.)
These accounts are held in India and accepted in accordance with Reserve Bank of India and SBI rules. They are not obligations of SBIC Bank or any SBI subsidiary in the USA. For interest rates and account details, visit bank.sbi.
SBIC Bank provides document attestation and KYC verification services at our branch locations by appointment only. We attest documents for:
Life Certificate attestation for SBI India pension accounts
NRI application and KYC document attestations
Home Loan application and KYC document attestations
Attestation fees are based on the type and number of documents. See the Personal Banking Schedule of Fees and Charges for current pricing. November is our peak attestation period; we recommend scheduling your appointment well in advance.
Please note: SBIC Bank attests documents only. We do not forward attested documents to SBI in India on your behalf.
SBIC Bank offers multiple ways to send money from the U.S. to India. Here's which option fits your situation:
Zero transfer fees via the SBIC mobile app or online banking. Same-day processing, real-time deposit alerts. Best for: recurring family support and everyday transfers.
Secure domestic and international wire transfers directly from your SBIC Bank account. Best for: one-off large or time-sensitive transfers.
View daily USD to INR and USD to BDT rates updated in real time. Best for: rate shoppers timing their transfers for maximum value.
Set up recurring transfers on a schedule, no action required each time. Best for: set-and-forget monthly support payments.
What our customers are saying about us.
"Excellent customer service & support. I have been banking with SBIC for a long time. They are extremely helpful, very supportive, knowledgeable, professional and courteous, had a great experience. I would highly recommend SBIC."
Sudhir D., Los Angeles
"Easy signup, smooth experience without any hassle."
Ritesh K., Sunnyvale
"You will have a wonderful experience. Staff members are polite, respectful and will make your banking experience great. Bank on them!"
O. Shukla, San Diego
What our customers are saying about us.
"Excellent customer service & support. I have been banking with SBIC for a long time. They are extremely helpful, very supportive, knowledgeable, professional and courteous, had a great experience. I would highly recommend SBIC."
Sudhir D., Los Angeles
"Easy signup, smooth experience without any hassle."
Ritesh K., Sunnyvale
"You will have a wonderful experience. Staff members are polite, respectful and will make your banking experience great. Bank on them!"
O. Shukla, San Diego
SBIC Bank operates branch locations serving the NRI community, with multilingual staff available in English, Hindi, and Punjabi. Attestation services require a prior appointment. Our Virtual Branch is available for general banking questions via live chat, audio, or video anytime.
877-707-1995 | Monday – Friday, 8:00AM – 4:30PM PST
No, SBIC is a US based Bank and a fully owned foreign subsidiary of State Bank of India. We work separately from our parent bank in India.
NRE/NRO accounts is a facility provided by State Bank of India in India. You must contact the bank in India directly for those service. For more information, please contact the US helpline no 1-866- 328-4209 or visit https://bank.sbi/web/nri/home
No, since we are a separate entity from State Bank of India, we do not provide any services for accounts with State Bank of India in India.
Yes, the following document attestation services are made available at our branch locations.
Yes, prior appointment is required for attestation purpose. Please visit https://www.sbical.com/locations-hours page for details of our branch location and hours.
Attestation charges are applied based on the type and number of documents attested. Please visit https://www.sbical.com/policies-disclosures for pricing listed in on our Personal Banking Schedule of fees and charges.
No, we can only provide services for attestation of the documents. We do not forward any documents to bank / branch in India on behalf of the client.
Yes. You can send money to your NRE/NRO account through SBIC. An account with State Bank of India (California) is required for completing the transfer. Please visit https://www.sbical.com/Remittances for more information.
No, we do not exchange foreign currency.
For all NRI Services related forms, please click here.
These deposits are not insured by the FDIC, or any deposit corporation outside India. These are not obligations of State Bank of India or its subsidiary offices in the USA and there is no recourse against State Bank of India branches, or its subsidiaries located outside India.
For interest rates and other information on the above deposits, please visit bank.sbi.
Please visit SBI NRI Services, the State Bank of India NRI portal, to view the details of various banking facilities offered by State Bank of India to NRIs.
SBIC Bank is a separate U.S. institution from State Bank of India (SBI). We do not open NRE/NRO/FCNR accounts, update SBI India account details, or forward documents to India on your behalf.
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