Bank of Baroda USA provides correspondent banking, NRI deposit accounts, and remittance services for Indian nationals and diaspora customers in the United States.
Data compiled from public sources · Rating from CreditDoc methodology
Bank of Baroda is a century-old Indian banking institution founded in 1908 that has expanded to operate in 90 overseas offices across 15 countries. The parent bank in India maintains a significant international presence, including dedicated US operations that serve the Indian diaspora and those with connections to India. The organization has evolved from a small regional bank in Baroda to a major financial institution with modern infrastructure, including its corporate headquarters in Mumbai.
The US division specializes in products and services tailored to NRI (Non-Resident Indian) customers and businesses with India connections. Their service offerings include correspondent banking relationships, NRI-specific deposit accounts, certificate of deposit accounts denominated in US dollars, business checking accounts, advances/loans, remittance services for money transfers to India, document attestation and verification services, internet banking, and forex exchange services. They provide transparent pricing with published rates and charges across all product categories.
Bank of Baroda USA distinguishes itself through its global banking heritage, India-focused expertise, and multi-country operational experience. The bank leverages its international network and institutional knowledge of cross-border banking to serve customers with specific needs related to India. The organization maintains established relationships with correspondent banks globally and offers secured investment options like US dollar-denominated certificates of deposit. Their brand extends to celebrity partnerships, with Sachin Ramesh Tendulkar serving as Global Brand Ambassador.
The primary limitation is that Bank of Baroda USA operates as a specialized niche bank serving primarily NRI and India-connected customers rather than offering comprehensive consumer banking services to the general US population. As a correspondent banking operation, their physical branch presence appears limited, and many services require direct contact with branch representatives for complete information. The website content focuses primarily on service descriptions rather than comprehensive product details, rates, or account opening procedures.
Yes. Bank of Baroda is a registered company, headquartered in 1 Park Ave, New York, NY 10016.
CreditDoc Diagnosis
Bank of Baroda USA is best suited for Non-Resident Indian customers and India-connected professionals seeking banking services, remittances, and international transactions with an institution that understands cross-border banking needs. The primary caveat is that this is a specialized niche bank with limited US branch presence and services primarily oriented toward the Indian diaspora rather than general US consumers.
Public data from the Consumer Financial Protection Bureau
Source: consumerfinance.gov | Last checked 2026-04-08
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