Remittances:
An equivalent amount in Euro, plus applicable charges, may be paid in either at our counters in cash, or may be remitted favoring State Bank of India, Frankfurt Branch (account number 0000716243, BLZ 50330000).

For payment in cash, your Passport in original, along with a copy thereof must be produced if the remittance is the equivalent of EUR 2.500. If the amount being remitted is EUR 10.000 or above, we would require, in addition, satisfactory evidence of source of funds (example: bank statement).

For payment through our account, as indicated above, please write to us after the funds have been sent and provide full details of the remittance proposed to be made, like:
  • Name of beneficiary and his / her account number if available
  • Name of beneficiary's bank and name of the branch
  • Amount to be remitted
  • Currency in which the remittance is to be made
  • Your address
  • Manner in which the remittance is to be effected (by draft through Courier or Registered Post, or by telex or by SWIFT)
Our remittance charges are 0.10% of the amount remitted, subject to a minimum charge of EUR 5 Transmission charges are as under:
  • Registered post : EUR 5
  • By Courier : EUR 15
  • By Telex or SWIFT : EUR 10
If you require names, addresses of State Bank of India Branches in India, please go to www.statebankofindia.com and click on the Branch Locator Button on Homepage.
Deposits:

We accept Fixed Deposits for a minimum amount of EUR 5.000 and for USD and Pounds 10.000. The minimum period is 1 month.
The interest rates presently offered are:
Period
Euro
US - Dollars
Pounds
1 month
3,80%
2,00%
4,75%
3 months
4,50%
2,40%
5,10%
6 months
4,75%
2,70%
5,25%
12 months
5,00%
3,20%
5,50%

Premature encashment is not permitted. Interest is payable on simple (non
compounding) basis. Tax, as applicable, is recovered at source.
Interest rates are subject to change from time to time. A deposit, once
accepted, however, is not subject to such changes in interest rate.

 

Opening of Non-Resident Accounts
Should you wish to open a Non-Resident External Account in Indian Rupees, or a Foreign Currency Non-Resident account in foreign currency (GBP, USD, EUR or JPY) at any of our designated branches in India, please contact us and we shall provide you with the necessary forms and other particulars. Further details please go to www.statebankofindia.com and click on NRI service button on Homepage.
Opening of an Account with SBI Frankfurt

SBI Frankfurt maintains current accounts for companies and members of Indian Embassies and Consulates and fixed deposits for anyone, who wants to deposit funds with the Branch.

To open an account you may download the attached account opening form and the signature card. Please fill-up the forms and send them to us by e-mail or fax. Please send the originally signed forms by mail for our files.

Legal Requirements

Beside the properly filled-up forms the following documents are needed to open an account:

For companies:
A copy of the Certificate of Incorporation, Certificate of Commencement of Business, Memorandum and Articles of Association and the resolution of the Board of Directors to open an account with us. Furthermore a passport copy of the signatories is required.

For individuals:
A passport copy of the account holder and the signatories is needed.

Form
Download
Opening of an account (PDF format)
Signature card (PDF format)

The documents offered for downloading from this website are in the PDF format (Adobe Acrobat Portable Document Format). These files require Adobe Acrobat Reader to be read or printed from your computer.

Acrobat Reader (external Link)

For further information please contact Mr. J. Holtappels:
Tel +49 (0)69 27237 118
Fax +49 (0)69 27237 148
E-Mail: J.Holtappels@statebank-frankfurt.com
Contacts for further information:
Mr. A. Samaiya Assistant Vice President (Schalter)
+49-69-27237-133

Mr. J. Holtappels, Vice President (Accounts & Administration)
+49-69-27237-118

Fax: +49-69-27237-148, 153