SBI Singapore is the Singapore operation of State Bank of India, an India-incorporated banking group with a long-running presence in retail, corporate, remittance and trade finance services. In Singapore, SBI is listed by the Monetary Authority of Singapore as a Qualifying Full Bank and operates customer channels that include retail branches, ATMs, online banking, eRemit and corporate banking services. Product terms, opening hours, transfer fees and eligibility rules can change, so account holders should use the official SBI Singapore site and MAS records for final verification before acting.
India-Incorporated Bank
Retail and Corporate Banking
Official Terms May Change
SBI Singapore Main Details
State Bank of India Singapore
State Bank of India
Listed by MAS as a Qualifying Full Bank; incorporated in India
Monetary Authority of Singapore
Siva Muthukrishnan Parama
80 Robinson Road #27-01, Singapore 068898
SBI Singapore states that it has 5 retail branches; confirm live status through the official branch locator.
SBINSGSG for wire transfers into SBI Singapore accounts, subject to recipient and bank verification
7791, according to SBI Singapore’s Internet Banking FAQ; branch code is usually the first 3 digits of the 14-digit SBI account number
SBI Singapore
About SBI Singapore
SBI Singapore was set up in 1977 with an offshore banking licence and later received Full Bank status with QFB privileges in 2008, according to the bank’s own Singapore profile page. The operation now serves retail customers, NRI customers, businesses, trade finance users and customers sending remittances between Singapore and other markets.
The bank’s public Singapore pages describe services across deposits, loans, insurance distribution, remittances, trade finance, eRemit and internet banking. For customers comparing branch access, codes and payment routes, the most useful companion pages are SBI branch and ATM locations and SBI Singapore SWIFT codes.
Verified Public Points
- MAS lists State Bank of India as incorporated in India and holding Qualifying Full Bank status in Singapore.
- SBI Singapore’s own profile page states that its Singapore operations began in 1977 and received Full Bank status with QFB privileges in 2008.
- SBI Singapore publishes branch locator, financial statement, fee, interest rate, form and security information pages on its Singapore website.
- The parent group publishes annual reports and financial highlights through the State Bank of India investor relations site.
Banking Services
Deposit Accounts
SBI Singapore lists Singapore dollar deposits, foreign currency deposits, current accounts and fixed deposit products. Interest rates, minimum balances and account rules should be checked on the official rate and terms pages before opening or renewing an account.
Loan Products
The bank lists retail loan categories such as home loans, bridging loans, secured overdraft, commercial property loans, student loans and premium financing. Lending approval depends on the bank’s review, collateral, income, risk checks and product rules.
Remittance Services
SBI Singapore offers remittance routes including transfers to India, Bangladesh, Sri Lanka and wider global remittances. Before sending funds, compare exchange rate handling, intermediary charges and bank fees with international transfer fees.
Trade Finance
SBI Singapore describes import and export trade finance services in Singapore dollars and foreign currencies. This is more relevant to businesses with cross-border supply chains, trade documents, working capital cycles and bank credit limits.
Digital Banking and Payment Access
SBI Singapore provides internet banking and eRemit access through its online channels. The bank’s public FAQ also refers to SWIFT, bank code and branch code details for transfers. For local Singapore payments, the bank’s own profile states that it is a member of the FAST payment network, which supports near real-time Singapore dollar fund transfers among participating banks.
Online Access
- Personal internet banking for eligible account holders
- Corporate internet banking for business users
- eRemit for selected remittance flows
- Security controls and fraud-reporting instructions published on the official website
Payment Routes
- FAST for participating Singapore dollar transfers
- SWIFT for international wire transfers
- Bank code and branch code details for selected local transfer instructions
- Recipient name, account number and purpose of payment checks before sending funds
Customers comparing local transfer methods can review how FAST transfers in Singapore work before deciding whether a local bank transfer, SWIFT transfer or remittance channel fits the payment need.
Branches and ATM Access
SBI Singapore’s official branch locator lists retail branches including Cecil Street, Ang Mo Kio, Jurong East, Little India and Marine Parade. The bank also publishes ATM locations separately. Branch opening hours are not permanent rules; public holidays, renovation works, service notices and temporary changes can affect access.
Cecil Street Branch
Listed by SBI Singapore at 139 Cecil Street #01-01, YSY Building, Singapore 069539. Use the official locator for current hours before visiting.
Heartland Branches
Ang Mo Kio, Jurong East, Little India and Marine Parade give SBI Singapore a mix of central and residential-area access points.
ATM Access
SBI Singapore’s public profile refers to SBI ATMs and wider access through the shared ATM5 network. Treat ATM count and availability as live data that must be checked before travel.
Before Visiting
Confirm the branch, service type, queue expectations and opening hours through SBI Singapore first, then use Google Maps only for route planning.
Branch addresses and opening hours may change. Use SBI Singapore’s official branch locator for live branch status, then use Maps for travel planning.
SWIFT Code, Bank Code and Transfer Details
For inward wire transfers into an SBI Singapore account, SBI’s public inward remittance factsheet states the SWIFT code as SBINSGSG. SBI Singapore’s Internet Banking FAQ states the bank code as 7791, while the branch code is linked to the first 3 digits of the customer’s 14-digit SBI account number. Transfer instructions should be verified against the recipient’s account details and the latest bank instruction page.
| Transfer Item | SBI Singapore Detail | Use Case | Verification Step |
|---|---|---|---|
| SWIFT / BIC | SBINSGSG | International wire transfers into SBI Singapore accounts | Check SBI Singapore inward remittance instructions before sending |
| Bank Code | 7791 | Selected local bank transfer references | Confirm through SBI Internet Banking FAQ or branch support |
| Branch Code | First 3 digits of the 14-digit SBI account number | Local transfer routing where branch code is required | Use the recipient’s exact account record, not a guessed branch code |
| Account Number | Customer-specific | Credit to the intended SBI Singapore account | Match account name, account number and payment purpose |
For a wider lookup context, compare this with the bank and branch codes used by other Singapore banks.
Account Opening and Customer Eligibility
SBI Singapore account opening depends on the account type, customer category, documents, screening checks and the bank’s internal review. Retail customers may need identity documents, proof of address, tax declarations and supporting documents linked to residency or pass status. Businesses may need company registration records, ownership information, board documents and authorised signatory details.
Personal Customers
Common checks include identity, address, tax residency, account purpose and source of funds. Non-residents and pass holders should confirm eligibility before visiting a branch.
NRI Customers
SBI Singapore lists NRI-related services on its public site. Requirements can differ depending on the service, country link, account type and documentation status.
Business Customers
Corporate banking users may need documents covering the business entity, owners, directors, authorised users, expected activity and trade or remittance purpose.
Before applying, prepare the usual account opening documents and compare online and branch opening requirements where available.
Parent Group Financial Indicators
The numbers below refer to State Bank of India at the parent-bank level, not SBI Singapore alone. They are useful for understanding the scale of the wider banking group, but they should not be read as the standalone profit or asset base of the Singapore operation.
| Financial Year | Deposits | Advances | Total Assets | Net Profit | ROE | Notes |
|---|---|---|---|---|---|---|
| FY 2022 | ₹40,51,534 crore | ₹27,33,967 crore | ₹49,87,597 crore | ₹31,676 crore | 13.92% | Parent-bank financial highlight |
| FY 2023 | ₹44,23,778 crore | ₹31,99,269 crore | ₹55,16,979 crore | ₹50,232 crore | 19.43% | Parent-bank financial highlight |
| FY 2024 | ₹49,16,077 crore | ₹37,03,971 crore | ₹61,79,694 crore | ₹61,077 crore | 20.32% | Parent-bank financial highlight |
| FY 2025 | ₹53,82,190 crore | ₹41,63,312 crore | ₹66,76,053 crore | ₹70,901 crore | 19.87% | Parent-bank financial highlight |
| FY 2026 | ₹59,75,642 crore | ₹48,77,895 crore | ₹76,23,012 crore | ₹80,032 crore | 18.57% | Parent-bank financial highlight, last updated by SBI on 08 Jun 2026 |
No matching rows found.
Parent Bank Net Profit Trend
Bar widths use FY 2026 net profit as the 100% reference point. Figures are parent-bank financial highlights, not standalone Singapore branch results.
Deposit Insurance Context
Singapore’s deposit insurance rules are product-specific. MoneySense explains that eligible Singapore dollar deposits with a Scheme member are protected up to S$100,000 per depositor per Scheme member. Foreign currency deposits, structured deposits, structured notes and investment products are not covered in the same way.
Do not treat every SBI Singapore product as deposit-insured. Check the bank’s register of insured products and the official Singapore Deposit Insurance Corporation materials before relying on protection limits.
Comparison With Other Singapore Banks
SBI Singapore is different from Singapore’s three local banking groups because it operates as part of an India-headquartered parent group. Its fit often depends on India-linked banking needs, remittance use, NRI services, trade finance exposure, branch access and account eligibility. Customers who need broad local ecosystem coverage may also compare DBS, OCBC and UOB, while customers with cross-border India needs may place more weight on SBI’s India network and remittance channels.
| Comparison Area | SBI Singapore | What to Check |
|---|---|---|
| India-Linked Banking | Useful for customers who need SBI group links, NRI services or India remittance routes | Transfer cost, exchange rate, recipient bank route and processing time |
| Singapore Branch Access | Smaller physical network than the main local banks | Nearest branch, Saturday access and ATM network access |
| Digital Banking | Internet banking and eRemit are available for eligible customers | Login method, limits, token requirements and transfer rules |
| Corporate Banking | Trade finance and wholesale banking services are part of the Singapore offering | Credit review, documentation, fees, facility terms and currency exposure |
Verification Notes
Use the MAS Financial Institutions Directory to confirm regulatory status and MAS-listed personnel. Use the SBI Singapore official website for products, branch notices, security alerts, rates, fees and application forms. Use the SBI Singapore financial statement page for local public financial statements, and the State Bank of India financial highlights page for parent-bank data.
FAQ
Is SBI Singapore regulated by MAS?
Yes. The MAS Financial Institutions Directory lists State Bank of India in Singapore and shows it as a Qualifying Full Bank incorporated in India.
What is SBI Singapore’s SWIFT code?
SBI Singapore’s commonly stated SWIFT code for inward wire transfers is SBINSGSG. Confirm the code, account number and recipient name before sending funds.
What is SBI Singapore’s bank code?
SBI Singapore’s Internet Banking FAQ states the bank code as 7791. It also says the branch code is the first 3 digits of the customer’s 14-digit SBI account number.
Does SBI Singapore have retail branches?
Yes. SBI Singapore’s public pages refer to 5 retail branches. Branch hours and service availability should be checked through the official branch locator before visiting.
Are SBI Singapore deposits insured by SDIC?
Eligible Singapore dollar deposits may be covered under Singapore’s deposit insurance rules up to S$100,000 per depositor per Scheme member. Foreign currency deposits and investment products are not covered in the same way, so check SBI’s insured product register.
