State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established.

State Bank of India, DIFC Branch, was established in January 2007.

Details about Deposit Scheme:

Features:

Tenures ranging from 1 Month to 5 years
Attractive Rate of Interest (Current Rates)
No Tax on Interest earning
Nomination facility for individuals
Joint account facility for individuals
Auto renewal facility
Option to choose Fixed or Floating Rates
Loan facility against deposit
Premature payment (conditions apply)

Documents required for opening accounts - Individuals

1. Completed Account Opening Form
2. Attested Copies of Passport
3. Attested Copies of identification documents
4. Latest Passport size photographs of all the deposit holders

Documents required for opening accounts - Corporates

1. Commercial Registration
2. Certificate of Registration
3. Memorandum and Articles of Association / Partnership Deed
4. Copies of official photo identity of authorised signatory(ies)
5. Latest Audited Balance Sheet
6. Fax Agreement
7. Board Resolution to open and operate account with SBI, DIFC, Dubai
8. Anti Money Laundering report if any.

Contact:

State Bank of India
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@sbi.ae
Swift Code: SBINAEAD