State Bank of India (Indische Staatsbank) Zweigniederlassung Frankfurt am Main products, services and reviews

About State Bank of India (Indische Staatsbank) Zweigniederlassung Frankfurt am Main

State Bank of India (Indische Staatsbank) Zweigniederlassung Frankfurt am Main is the German branch of State Bank of India, a Mumbai‑headquartered public sector bank. The Frankfurt unit operates under the German Banking Act (KWG) and is supervised by BaFin and the Deutsche Bundesbank, with governance, capital and liquidity anchored in the parent institution. Its product set is geared toward corporate and institutional clients involved in Indo‑German trade and investment, with services typically including trade finance (letters of credit, guarantees, and documentary collections), correspondent banking, bilateral corporate lending, treasury and foreign exchange, and cross‑border remittances to India; retail offerings, where available, are limited and subject to eligibility. Payments are processed via standard European and international rails (e.g., SEPA and SWIFT) depending on customer access and product type. Onboarding and transactions follow German and EU AML/KYC requirements and sanctions screening. Deposits accepted in Germany fall under the national depositor protection framework; customers should confirm the branch’s current scheme membership, coverage limits, currency scope, and any exclusions before placing funds. Pricing is set out in the branch’s schedule of fees and interest, and German‑resident individuals are generally subject to withholding tax on interest unless an exemption or allowance is on file. Customer service is provided through the Frankfurt office and designated electronic channels, and complaints can be escalated under the bank’s internal process with regulatory oversight by BaFin.