SBI NRI Services
IFSCA Banking Regulations allow SBI IFSC Banking Unit, GIFT City to open accounts of NRIs as well as non-Residents subject to compliance of KYC and other relevant regulatory instructions. Customers and prospects who are willing to open their account with SBI IBU GIFT City should comply with regulations issued by their home country as well as regulations issues by IFSCA/RBI.
Loan Against FCNR(B) Deposits:
SBI IBU, GIFT City provides Loan Against FCNR(B) Deposits maintained at SBI branches in India to meet clients' general or personal purpose outside India.
Key Features:
- Overseas foreign currency loan to NRIs against FCNR(B) deposits parked with SBI branches in India.
- Available in all Six currencies viz. USD, EUR, GBP, JPY, AUD & CAD.
- Loan can be availed either as Overdraft or as Demand Loan.
- Loan amount up to 85%.
- Tenor up to 3 years.
- Processing Fee @0.10% of the loan amount with minimum of USD 100 or equivalent.
- Loan against Third Party deposits also available.
- Lower rate of Interest.
- No pre-payment charges.
For more information on Demand Loan/Overdraft facility against FCNR(B) deposits, please get in touch with us at Loans1.ibu@statebank.com/Loans.ibu@statebank.com/ call on +91-7600044878/+91-9173706119