SBI Singapore (State Bank of India) has been operating in the country since 1977 with an offshore banking license, for more than three decades of experience in commercial and wholesale banking.
The bank received full Bank status with QFB privileges in the year 2008.
Currently, SBI Singapore has 5 retail branches, 25 SBI ATMs, and more than 200 ATMs through the ATM5 shared network across the island. SBI has a set of retail banking products that complement its existing corporate banking products, serving individual and corporate clients.
The bank offers a wide range of corporate and retail products, including an instant transfer service for INR remittances. This service allows money transfers to more than 20,000 branches of the State Bank group in India. SBI Singapore also connects to offer remittance services to more than 80,000 RTGS-enabled branches of other banks in India.
Retail banking products and services: savings accounts, checking accounts, time deposits, recurring deposits, and single deposit products called Multiple Option Deposit (MOD) and MultiSweep account, mortgage loans.
- Personal Deposits
- Personal Loans
- Personal Insurance
- Personal Investment
- Personal Remittances
- Corporate Deposits
- Corporate Loans
- Corporate Trade Finance
- Corporate Remittances
- Escrow Services
- Facilitation for Opening of NRE / NRO / FCNB Accounts
- Facilitation for Renewal of Existing TD
- Attestation of Housing Loan Documents
- Attestation of Life Certificate for Pensioners