State Bank of India (SBI) is one of the oldest commercial bank which is operating in India since 200 years. Though SBI started its operation Saudi in the year 2005 and is expected to close by the year 2017 after its application request was granted by SAMA (Saudi Arabian Monetary Authority). SAMA gave an approval to SBI Jeddah to for closure of its banking operations in Saudi Arabia, but also have called all the customers and depositors od SBI Jeddah to exercise their rights guaranteed by the Saudi banking rules & regulations to file a complaint with the SAMA Customer Protection Department for any violation of their rights from SBI.
Complaint can be registered by calling the Toll Free Number: 800 125 6666 or by logging into the SAMA website online.
Here is the below PUBLIC NOTICE from SBI Jeddah
State Bank of India, Jeddah Branch located at Al Andalus Plaza, Sitteen Street, Mushrefah District, PO Box 55707, Jeddah 21544, Kingdom of Saudi Arabia has decided to stop its Banking Operations.
Accordingly, all our account holders are requested to withdraw/transfer their deposits and close their accounts maintained with SBI Jeddah within a period of 60 days from the date of publication of this notice.
For more information, please visit us or contact:
Mr. Pavan Kumar Ponnada, Head of Operations at 0542277659, or 0126739725
Mr. Sanjeev Kumar Mishra, Manager (Operations) at 0562014281 or 0126739725
Mr. Syed Zafar Abbas, Manager (Credit) at 0565703985 or 0126718459
I request all my Expatriate friends to close their accounts in SBI Jeddah or tranfer their money to other banks to avoid any issues.