If you are an Indian living in Canada, there is a good chance you still have financial ties back home.
Maybe you send money to your parents every month. Maybe you have a fixed deposit sitting in an Indian bank. Or maybe you just need to transfer funds into your NRE or NRO account without paying an arm and a leg in conversion fees.
Whatever the reason, having access to an Indian bank branch in Canada makes life a whole lot easier.
You do not have to explain to a local Canadian banker why your SWIFT transfer is going to an NRO account in India. You do not have to deal with agents who have no idea what Form 15CA or TDS on NRO interest even means. You walk in, speak to someone who understands the context, and get things done.
Right now, SBI Canada and ICICI Bank Canada are the two major Indian-origin banks offering retail branch banking services in Canada. Between them, they cover most major cities where the Indian diaspora is concentrated.
This blog gives you the full list of branches, addresses, contact numbers and working hours for both banks.
How Many Indian Banks Are in Canada?
| Indian Bank | Number of Branches in Canada |
|---|---|
| State Bank of India (SBI Canada) | 6 |
| ICICI Bank Canada | 9 |
That is it. Just two. Canada has a large Indian population, but Indian banks have been relatively conservative about expanding their international footprint here compared to, say, the USA or the UAE.
Both banks operate as Schedule II Canadian Banks under the Bank Act. That means they are regulated by Canadian banking authorities and are not just representative offices. You can actually open accounts, apply for loans, and do full-service banking with them.
State Bank of India in Canada
SBI Canada was the first Indian bank to establish operations in Canada, opening its doors in 1982. With more than four decades of experience, it has served generations of Indians, NRIs, students, and businesses across the country.
It operates as a wholly-owned subsidiary of SBI India and is also a member of the Canada Deposit Insurance Corporation (CDIC). So your deposits are protected under Canadian law, just like they would be in any other Canadian bank.
What services does SBI Canada offer?
- Savings and current accounts
- NRI accounts (NRE and NRO)
- Fixed deposits
- Home loans and mortgages
- Remittances to India
- Mobile banking
SBI Canada currently operates branches across Ontario, British Columbia and other key Canadian locations serving the Indian diaspora. Most of them are located in cities with large Indian communities, reflecting the strong demand for India-focused banking services.
SBI Canada - Toronto Branch
| Detail | Information |
|---|---|
| Address | 220 Bay Street, Ground Floor, Toronto, Ontario M5J 2W4 |
| Phone | (416) 214-1811 / (416) 214-1439 |
| Fax | (416) 214-2449 |
Locate SBI Toronto Branch on Google Map
SBI Canada - Mississauga Branch
| Detail | Information |
|---|---|
| Address | Suite 107, 77 City Centre Drive, Mississauga, Ontario L5B 1M5 |
| Phone | (905) 896-8345 / (905) 896-0427 |
| Fax | (905) 896-4409 |
SBI Canada - Scarborough Branch
| Detail | Information |
|---|---|
| Address | 3471 Sheppard Avenue East, Ground Floor, Scarborough, Ontario M1T 3K5 |
| Phone | (416) 754-0039 / (416) 754-3278 |
| Fax | (416) 754-0489 |
SBI Canada - Brampton Branch
| Detail | Information |
|---|---|
| Address | 248 Queen Street East, Brampton, Ontario L6V 1B9 |
| Phone | (905) 874-7186 / (905) 874-6127 |
| Fax | (905) 874-9362 |
Brampton deserves a special mention. It has one of the largest concentrations of Indians anywhere outside India. The Brampton branch stays quite busy for that reason.
SBI Canada - Vancouver Branch
| Detail | Information |
|---|---|
| Address | 6433 Fraser Street, Vancouver, British Columbia V5W 3A6 |
| Phone | (604) 731-6635 / (604) 630-1889 |
| Fax | (604) 731-5268 |
SBI Canada - Surrey Branch
| Detail | Information |
|---|---|
| Address | 13767 - 72nd Avenue, Unit 13, Surrey, British Columbia V3W 9Z1 |
| Phone | (604) 583-3363 / (604) 495-0998 |
| Fax | (604) 583-3324 |
Surrey is another city with a very strong Punjabi community. Having a branch here was a natural move for SBI.
SBI Canada 24-Hour Customer Contact Centre (Toll-Free): 1-866-724-2669
ICICI Bank Canada
ICICI Bank Canada came much later to the party. It was established in December 2003 as a fully-owned subsidiary of ICICI Bank India.
It is also a Schedule II Bank and offers full-service banking to both retail and corporate customers. Think of it as your familiar ICICI experience, but regulated and operated within Canada.
What services does ICICI Bank Canada offer?
- Savings and chequing accounts
- NRI banking services
- Student GIC programme (this is a big one for Indian students coming to Canada)
- Fixed deposits and investments
- Mortgages and loans
- Debit and credit cards
- Remittances to India
The Student GIC programme is worth highlighting separately. Many Indian students planning to study in Canada explore GIC (Guaranteed Investment Certificate) products as part of their financial planning process. ICICI Bank Canada offers a Student GIC programme, although students should always verify the latest immigration and financial proof requirements before applying.
ICICI Bank Canada currently has nine branches across three provinces - Ontario, Alberta, and British Columbia.
ICICI Bank Canada - Toronto Head Office
| Detail | Information |
|---|---|
| Address | Don Valley Business Park, Unit 150 Ferrand Drive, Suite 1200, Toronto, ON M3C 3E5 |
| Working Hours | Tuesday to Friday: 9:30 am to 4:30 pm. Closed Saturday, Sunday and Monday |
| Phone | (416) 360-0909 |
| Fax | (416) 422-5896 |
| Institution Number | 340 |
| Transit Number | 80002 |
ICICI Bank Canada - Calgary Branch
| Detail | Information |
|---|---|
| Address | 145-4851 Westwinds Drive NE, Calgary, AB T3J 4L4 |
| Working Hours | Tuesday to Friday: 10:00 am to 5:00 pm. Saturday: 10:00 am to 4:00 pm. Closed Sunday and Monday |
| Phone | (403) 293-0179 |
| Fax | (403) 293-4985 |
| Institution Number | 340 |
| Transit Number | 11002 |
ICICI Bank Canada - Delta Branch (British Columbia)
| Detail | Information |
|---|---|
| Address | 120 Street (Scottsdale Centre), Unit 7109, Delta, BC V4E 2A9 |
| Working Hours | Tuesday to Friday: 10:00 am to 5:00 pm. Saturday: 10:00 am to 4:00 pm. Closed Sunday and Monday |
| Phone | (604) 595-4080 |
| Fax | (604) 595-4085 |
| Institution Number | 340 |
| Transit Number | 90002 |
ICICI Bank Canada - Surrey iLounge (British Columbia)
| Detail | Information |
|---|---|
| Address | Unit 112, 8077 King George Blvd, Surrey, BC V3W 5B4 |
| Working Hours | Tuesday to Saturday: 10:30 am to 3:00 pm. Closed Sunday and Monday |
| Phone | (604) 595-4288 |
| Fax | (604) 595-4283 |
| Institution Number | 340 |
| Transit Number | 14002 |
The "iLounge" format is essentially a smaller, lighter-footprint branch. Less counter staff, more self-service. Works fine for basic transactions and queries.
ICICI Bank Canada - Brampton Branch (Ontario)
| Detail | Information |
|---|---|
| Address | Bartley's Square, 1 Bartley Bull Parkway, Brampton, ON L6W 3T7 |
| Working Hours | Tuesday to Friday: 10:00 am to 5:00 pm. Saturday: 10:00 am to 4:00 pm. Closed Sunday and Monday |
| Phone | (905) 456-3700 |
| Fax | (905) 456-3702 |
| Institution Number | 340 |
| Transit Number | 20002 |
ICICI Bank Canada - The Gore Road Branch (Brampton, Ontario)
| Detail | Information |
|---|---|
| Address | 4520 Ebenezer Road, Unit 4, Brampton, ON L6P 2R2 |
| Working Hours | Tuesday to Friday: 10:00 am to 5:00 pm. Saturday: 10:00 am to 4:00 pm. Closed Sunday and Monday |
| Phone | (905) 913-2428 |
| Fax | (905) 913-2830 |
| Institution Number | 340 |
| Transit Number | 12002 |
Brampton has two ICICI branches. That is not a coincidence. The Indian community in Brampton is massive and the demand for Indian banking services there is genuine.
ICICI Bank Canada - Mississauga Branch (Ontario)
| Detail | Information |
|---|---|
| Address | 4020 Confederation Parkway (at Burnhamthorpe Road West), Mississauga, ON L5B 0J6 |
| Working Hours | Monday to Friday: 10:00 am to 5:00 pm. Closed Saturday and Sunday |
| Phone | (905) 896-7502 |
| Fax | (905) 896-8053 |
| Institution Number | 340 |
| Transit Number | 70002 |
This is the only ICICI Canada branch that stays open on Mondays. Useful to know if you are planning a visit early in the week.
ICICI Bank Canada - Scarborough Branch (Ontario)
| Detail | Information |
|---|---|
| Address | 5631 Steeles Avenue East, Unit 1, Scarborough, ON M1V 5P6 |
| Working Hours | Tuesday to Friday: 10:00 am to 5:00 pm. Saturday: 10:00 am to 4:00 pm. Closed Sunday and Monday |
| Phone | (416) 298-9222 |
| Fax | (416) 298-9242 |
| Institution Number | 340 |
| Transit Number | 40002 |
ICICI Bank Canada - Malton iLounge (Mississauga, Ontario)
| Detail | Information |
|---|---|
| Address | 7205 Gore Way Drive, Unit 29, Mississauga, Ontario L4T 2T9 |
| Working Hours | Tuesday to Saturday: 10:30 am to 3:00 pm. Closed Sunday and Monday |
| Phone | (905) 671-9144 |
| Fax | (905) 671-3325 |
| Institution Number | 340 |
| Transit Number | 13002 |
ICICI Bank Canada 24-Hour Customer Contact Centre:
- From Canada and the US: 1-888-424-2422
- From India: 1-800-200-3340
Can You Use Your Indian Bank Account in Canada?
In most cases, yes. SBI and ICICI debit cards can generally be used internationally once international transactions are enabled on the card. If you have an account with either of these banks in India, your debit card may be used at ATMs and point-of-sale terminals across Canada, subject to the card's international usage settings.
That said, international transaction fees and currency conversion charges will apply. Always check with your home branch before you travel or relocate.
What About NRI Accounts?
This is where it gets important from a tax and compliance standpoint.
If you have moved to Canada as a permanent resident or on a long-term work or study visa, you may qualify as an NRI (Non-Resident Indian) under applicable Indian regulations. Once your residential status changes, resident savings accounts should generally be redesignated as NRO accounts or converted through the bank's prescribed process. You may also choose to open an NRE account, depending on your banking needs.
Both SBI Canada and ICICI Bank Canada can help you with NRI account services. You can either visit a branch in Canada or apply through the respective bank's NRI banking portal online.
A quick breakdown of what each account type means:
NRE Account (Non-Resident External): You deposit foreign currency here. It gets converted to INR. The interest you earn is completely tax-free in India. The funds are fully repatriable, meaning you can move the money back to Canada whenever you want.
NRO Account (Non-Resident Ordinary): This is where your India-sourced income goes. Rent from a property you own in India, for example. Interest earned on an NRO account is taxable in India, and banks generally deduct TDS before crediting the interest. The effective tax rate may vary depending on applicable DTAA (Double Taxation Avoidance Agreement) benefits and the documentation provided to the bank. India and Canada do have a DTAA in place, which is worth exploring with a tax advisor.
Conclusion
Banking is just one part of the picture.
If you are earning income in India - from rent, interest, dividends or capital gains - while living in Canada, there are filing requirements you need to be aware of. Both in India and possibly in Canada.
Ignoring this is the most common and costly mistake NRIs make. Not because people are careless. But because the rules are genuinely confusing and nobody explains them clearly.
At MostlyNRI, that is exactly what we do. We break down the tax and compliance side of being an NRI in plain language, so you know what applies to you and what does not.
If you have questions about NRO TDS, DTAA benefits, or how to file taxes as a Canadian NRI, browse our other guides or reach out to us directly.
The branch details, contact information and working hours in this blog are based on information available at the time of publishing. Banks may relocate branches, change operating hours or update contact details without notice. Always verify directly with the bank before visiting.
Frequently Asked Questions
How many branches does SBI have in Canada?
SBI Canada operates six branches - in Toronto, Mississauga, Scarborough, Brampton, Vancouver and Surrey.
How do I contact SBI Canada?
You can reach the SBI Canada 24-hour customer contact centre on the toll-free number 1-866-724-2669.
How many branches does ICICI Bank have in Canada?
ICICI Bank Canada has nine branches across Ontario, Alberta and British Columbia.
How do I contact ICICI Bank Canada?
From Canada or the US, call 1-888-424-2422. From India, call 1-800-200-3340.
Can I open an NRI account from Canada?
Yes. Both SBI Canada and ICICI Bank Canada offer NRI account opening services. You can visit a branch in person or apply online through each bank's NRI banking section.
Which Indian banks offer retail banking services in Canada?
SBI Canada and ICICI Bank Canada are currently the two major Indian-origin banks offering retail branch banking services in Canada.
Can I use my SBI or ICICI debit card in Canada?
Yes, you can use both cards at international ATMs and merchants in Canada. Standard foreign transaction fees will apply.
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