Founded in 1806, The State Bank of India is the largest bank in India.
It is owned by the Government of India and the Reserve Bank of India (India's central bank).
The State Bank of India's first UK establishment opened in 1993.
It also operates in 37 other countries and owns shares in various other banks such as INMB Bank in Nigeria, Nepal SBI Bank, Commercial Bank of India in Moscow, PT Bank Indo Monex in Indonesia, and Giro Commercial Bank in Kenya.
In their UK site, the State Bank of India offers a variety of bank accounts, savings and loans.
Their UK headquarters are in London.
Our product ratings for State Bank of India
Our product ratings are designed to help you choose a quality product. We rate policies on the key features that are most important for the majority of customers.
Bank accounts
3 products reviewed
Basic bank accounts
1 product reviewed
State Bank of India
Current Account
| Feature | Value |
|---|---|
| Cash withdrawal fee in UK (own bank) |
£0.00
|
| Annual fee |
£0.00
|
| Part of FSCS | Yes |
| Unpaid transaction fee |
£0.00
|
| Bankers draft/cheque fee |
£25.00
|
| Maximum cash machine withdrawal per day |
£300.00
|
| Monthly Fee |
£0.00
|
Debit Cards
1 product reviewed
State Bank of India
Current Account
| Feature | Value |
|---|---|
| Card payment fee (£) |
£0.00
|
| Debit card? | Yes |
| Maximum cash machine withdrawal per day |
£300.00
|
| Number of Free Replacement Cards |
All
|
| Account Type |
Basic
|
| Monthly Fee |
£0.00
|
Foreign use bank accounts
1 product reviewed
State Bank of India
Current Account
| Feature | Value |
|---|---|
| Foreign cash withdrawal fee |
2.5%
|
| Foreign cash withdrawal additional charge |
£2.00
|
| Foreign purchases fee |
2.5%
|
| Is there a limit on free cash withdrawals? |
No free cash withdrawals
|
| Monthly Fee |
£0.00
|
Savings Accounts
1 product reviewed
Easy Access Accounts
1 product reviewed
State Bank of India
Instant Access Savings Account - Issue 6
| Feature | Value |
|---|---|
| Interest Rate (AER) |
1.25%
|
| Balance Tiers |
1.25% from £500, 1.55% from £50000
|
| Minimum Opening Balance |
£500.00
|
| Withdrawal Penalty |
Free transfer to India using SBI express if a balance of at least £500 remains, if the remaining balance is below £500 the transfer will cost £5.
Free transfer to India using SBI express if a balance of at least £500 remains, if the remaining balance is below £500 t
Read more
|
| Part of FSCS | Yes |
| Bonus Rate |
N/A
|