I strongly advise against investing in FCNR (B) accounts with SBI India. You will find it difficult, if not impossible to recover your money. They ignore RBI rules and regulation and ignore account holders' instructions. For example, SBI UK advises customers to contact SBI India when things go wrong. Meanwhile SBI India does not respond to queries and is silent. So customers are left in limbo. It's an irresponsible, NASTY Bank and should not be allowed to sell FCNR (B) accounts to Customers.SBI boasts of being a global bank but this is eyewash. It use their branding to get more customers but when customers try to recover their money, SBI ignores these requests. SBI India and SBI UK brings a bad name to India.
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