The State Bank of India (SBI) Group is India’s oldest and largest financial services conglomerate, with more than 20,000 bank branches in India and over 185 offices in 35 other countries. SBI originated in 1806 as the Bank of Calcutta. With a history of over 200 years and a quarter of the market share in India. SBI is governed by a board of directors headed by a chairman. The bank’s chairman and managing directors are appointed by the government.

State Bank of India, Dubai (UAE) Branch Services & Contact Details

State Bank of India (SBI) also has a presence in Dubai, United Arab Emirates. SBI’s Dubai branch operates as a full-fledged commercial bank, offering a range of banking services to individuals, corporates, and businesses. These services include retail banking, corporate banking, trade finance, remittances, foreign exchange, and various loan products.

SBI’s Dubai branch is a crucial hub for the bank’s activities in the Gulf area, providing financial solutions to clients both locally and throughout the wider Middle East region. Established in 2007, SBI has a global presence with offices in various locations, including Dubai, UAE. The branch is regulated by the Dubai Financial Services Authority (DFSA).

SBI Dubai, UAE – Services and Contact Details

Dubai Branch Address

Address:

709-710, Level 7, Gate Precinct Buildings 3,
Dubai International Financial Centre
Dubai, United Arab Emirates

Post Box No: 482033

Phone: +971.4.3266675

Fax: +971.4.3544429

E mail: sbidifc.ae@statebank.com

Swift Code: SBINAEAD

Office Hours: 9:00 am to 6:00 pm (Monday to Friday)

SBI Dubai – Products/Services

Deposit Schemes:

• For Corporates
• Individuals
• Undertakings

Loans & Advances:

• Trade Finance
• Supplier’s Credit
• Term Loan
• Project Finance
• Syndication
• Buyer’s Credit

Internet Banking:

For internet banking registration queries, E-mail your queries to:

mgrtrade.dubai@statebank.com
mgrcredit2.dubai@statebank.com

SBI NRI Account in Dubai

The NRI account opening facility is provided by State Bank of India in Dubai and other cities in the UAE.

The State Bank of India presents an opportunity for NRIs and OCIs residing in Dubai to open NRI bank accounts. You have the option to choose between an NRI savings bank account or an NRI fixed deposit account. All foreign earnings transferred to an NRI account are converted into Indian Rupees.

To deposit their foreign and Indian earnings; NRIs and OCIs can opt for two types of NRI bank accounts, namely –

1. NRE (Non-Resident External) and
2. NRO (Non-Resident Ordinary)

If you have foreign earnings that you want to save and manage in India, consider opening an SBI NRE account. This type of account allows you to keep your funds without being taxed in India, and you can freely repatriate them abroad. On the other hand, if you receive income from sources in India like rental income, pension, dividends, etc., you can deposit your funds in an SBI NRO account. However, it’s important to note that NRO accounts are subject to taxes, and there are restrictions on repatriating the funds.

Hi, I am Nikesh Mehta, owner and writer of this site. I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business. I can be reached at nikeshmehta@allonmoney.com.