State Bank of India or SBI (UEN:S77FC2670D), Singapore, a subsidiary of India’s largest banking and financial services institution, has been a cornerstone of reliable banking in Singapore since 1977. With a rich legacy dating back to the Imperial Bank of India in 1806, SBI Singapore brings global expertise and a customer-centric approach to the Lion City. Catering to a diverse clientele, including local residents, expatriates, and non-resident Indians (NRIs), the bank offers tailored financial solutions that support personal aspirations and business growth. Its commitment to responsible and sustainable banking has made it a trusted name in Singapore’s financial landscape SBI Singapore.
Summary of Services
SBI Singapore provides a comprehensive suite of financial products designed to meet varied needs:
- Deposits: Options include savings accounts, fixed deposits, and current accounts, offering competitive interest rates to help customers grow their savings.
- Loans: A range of financing options, such as mortgage loans, secured overdrafts, commercial property loans, student loans, and premium financing, cater to both personal and business requirements.
- Insurance: Through partnerships with reputable insurers like NTUC Income, Tokio Marine Life Insurance Singapore, AIA Singapore, and Chubb Insurance Singapore, SBI offers products covering protection, education, and retirement planning.
- Remittances: The bank’s remittance services enable fast and convenient money transfers to any bank in India, a key feature for NRIs and those with family ties in India.
- Trade Finance: SBI Singapore supports businesses with import/export trade finance services in Singapore Dollar and foreign currencies, leveraging its global network for seamless transactions.
Unique Value Propositions
SBI Singapore stands out for several reasons:
- Global Network: With 227 offices across 30 countries, SBI provides unparalleled support for international banking needs, making it ideal for businesses and individuals with global connections SBI Singapore LinkedIn.
- Trusted Reputation: As India’s largest bank and a Fortune 500 company, SBI brings a legacy of reliability and trust to its Singapore operations.
- Holistic Solutions: The bank serves as a one-stop shop, offering everything from personal banking to corporate finance, ensuring all financial needs are met under one roof.
- Digital Innovation: SBI Singapore embraces technology with platforms like internet banking, mobile banking, and “SBI Mingle,” a social media banking service that enhances customer convenience.
Standout Features and Reviews
SBI Singapore is celebrated for its efficiency and customer service. On platforms like ThreeBestRated.sg, the bank is praised for its sustainable banking solutions and over four decades of experience in commercial and wholesale banking. Customers particularly highlight the speed of remittance services to India, often completed in minutes, and the knowledgeable, responsive staff. For instance, reviews note the helpfulness of branch managers and teams, especially at the Little India branch, where foreigners can open NRI accounts with ease. Customers can also explore reviews on Google Maps for specific SBI branches in Singapore to gain further insights into the bank’s service quality.
Areas of Singapore Served
SBI Singapore operates multiple branches across the city-state, ensuring accessibility for all residents. Key locations include:
- Cecil Street: 135 Cecil Street #01-00, Singapore 069536.
- Robinson Road: 80 Robinson Road #27-01, Singapore 068898.
- Little India: Block 677 Rangoon Road, #01-02, Singapore 210677, opposite Farrer Park MRT Exit A.
With five retail branches, 19 SBI ATMs, and access to over 200 ATMs via the shared ATM5 network, SBI ensures its services are available island-wide SBI Singapore Locations.
How Does the Brand Meet Singapore’s Needs?
Singapore’s vibrant, multicultural economy demands flexible and reliable financial services, and SBI Singapore rises to the occasion. The bank caters to the diverse needs of Singapore’s population, including expatriates and NRIs, by offering specialized services like instant INR remittances, which are particularly valuable for the Indian diaspora. For businesses, SBI’s trade finance solutions support Singapore’s role as a global trading hub, facilitating smooth international transactions. The bank’s partnerships with leading insurers ensure comprehensive coverage options, while its digital banking platforms align with Singapore’s tech-savvy culture. By combining global reach with localized expertise, SBI Singapore supports the financial aspirations of individuals and businesses alike.
Contact Information and Social Media
- Hotline: 800-101-2333, 1800-724 7464 (for reporting fraud or unauthorized transactions).
- Address: Head, Retail Banking, State Bank of India, 80 Robinson Road #27-01, Singapore 068898.
- Email: [email protected]
- Social Media:
- Facebook: SBI Official Page
- LinkedIn: SBI Singapore LinkedIn
- Instagram: N.A.
- X: N.A.
Summary
State Bank of India Singapore stands as a beacon of trust and reliability in the banking sector, offering a comprehensive suite of financial services that cater to both individual and corporate clients. With its strong heritage, global network, and commitment to customer satisfaction, SBI continues to be a preferred choice for banking in Singapore. Whether you’re saving for the future, financing a home, or expanding your business, SBI Singapore provides the tools and support to help you succeed.
Disclaimer: All information provided here has been compiled from publicly available sources. While we have made every effort to ensure accuracy, we do not guarantee that the information is complete or error-free. We disclaim any liability for inaccuracies or omissions. If you find any errors or have concerns about the content, please let us know so we can address them promptly.