Home » India » India – Banking

India – Banking

Main Local Banks

India is home to several prominent local banks that offer a wide range of financial services. Here are some of the main local banks:

Presence of UK and USA Banks

Several major banks from the UK and USA also have a significant presence in India. Their details are as follows:

Accounts and Services for Expats

Banks in India often provide specialized accounts and services for expatriates to make their financial experience smoother. These accounts typically offer benefits like foreign currency transactions, international money transfers, and tailored services. Two notable offerings are:

  • NRI (Non-Resident Indian) Accounts: Designed for Indians living abroad, these accounts allow seamless management of finances in India. They come in various types such as NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts, each with its own features.

  • FCNR (Foreign Currency Non-Resident) Accounts: These accounts enable expats to hold their foreign earnings in designated foreign currencies, protecting them from exchange rate fluctuations.

Typical Bank Opening Hours

Banking hours in India can vary, but typically follow a schedule as outlined below:

  • Weekdays: Most banks are open from around 10:00 AM to 4:00 PM on weekdays, Monday through Friday.

  • Saturday: Some banks also offer limited services on Saturdays, usually from 10:00 AM to 1:00 PM.

Areas of Concern for Expats

Expatriates considering banking in India should be aware of a few key considerations:

  • Documentation: Banking processes often require extensive documentation, so ensure you have all necessary paperwork.

  • Currency Fluctuations: Be mindful of currency exchange rates, especially for expats managing accounts in multiple currencies.

  • Internet Banking: While online banking is prevalent, some expats might find it different from what they’re accustomed to.

Opening a Bank Account as an Expat

Opening a bank account in India as an expat involves several steps:


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


  1. Choose a Bank: Research and select a bank that offers services suitable for your needs.

  2. Visit a Branch: Visit the bank branch with your documents and request assistance for opening an account.

  3. Required Documents:

    • Passport with a valid visa
    • Proof of Indian address (rental agreement, utility bill, etc.)
    • Passport-sized photographs
    • PAN card (if applicable)
  4. Account Type:

    • Decide on the type of account you need, such as an NRE, NRO, or FCNR account, based on your financial requirements.
  5. Application Form:

    • Fill out the account opening application form provided by the bank.
  6. KYC Process:

    • Complete the KYC (Know Your Customer) process, which involves submitting your documents and verifying your identity.
  7. Initial Deposit:

    • Deposit the required initial amount as specified by the bank.
  8. Account Activation:

    • Once your documents and information are verified, your account will be activated, and you will receive your account details and any relevant documents.

Opening a bank account in India can be a straightforward process if you have all the necessary documents and follow the bank’s guidelines.

In conclusion, the banking landscape in India offers a variety of options for both locals and expatriates. From local banks to international giants, there are choices to suit various financial needs. Expatriates should explore the tailored services offered, understand the banking hours, and be prepared for the documentation requirements to have a smooth banking experience in India.


Latest Videos

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.  Germany's Health Insurance Update:  Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.  COVID-19 Measures Reintroduced in Cyprus:  With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.  Free Health Trials in Trieste, Italy:  Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.  Spain's New Health Advice App:  Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.  Expat Satisfaction with Healthcare in Mexico:  A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.  Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.