State Bank of India (SBI) is the only bank in JNU campus and you can find only SBI ATM here. So, it is advisable to have an SBI account for convenience.
How to Open an SBI Bank Account?
- Take two days off, Go to the SBI Bank, opposite the Godavari Hostel in the Morning
- Form QA22(1) from the SBI opposite
- An introduction form (blue, perforated): an account holder (a Prof. or your friend who has account in SBI, his account balance at that time should not be less than Rs 500/- or should not be dafaulter) has to sign it; if you stay in hostel, ask your hostel warden to sign on the form, give it to the caretaker, he will get it done for you.
- Your passport with visa and a photocopy of it;
- Your Residence Certificate and a photocopy of it;
- 2 passport pictures;
- A bonafide student certificate;
- Rs. 1000 for the deposit (refundable);
- “proof of residence” = letter from hostel/landlord;
- To make a draft, mention the bank branch where the beneficiary can claim your money, pay the commission (e.g. Rs. 30 up to Rs. 10,000; Above Rs 10,000 is Rs 2.50 per Rs 1,000 and Draft can be made of minimum Rs 50 and Max. of Rs 12,500.)
- Cashing Indian cheques is possible in the SBI. Date and sign on the back of the cheque and show your I-card. Always double check the details, count the money twice.
- VISA/MASTERCARD holders can use the three 24 hr ATMs next to Priya Cinema in Vasant Vihar. For instance, from the Hongkong Bank you can get cash rupees. If your card is swallowed by the Hongkong Bank ATM, you can get it back the next day after 2 PM from the CP corner "ECE House" across Scindia House. With an American Express card (office in CP) you can also get dollar travellers' cheques. Check before you buy if you can use your credit card (e.g. for the Railways).
- Transferring money to
Indiais time-consuming; use a foreign bank with branches in . India
- Stapled money is okay, but if a banknote is even slightly torn, refuse it or nobody will accept it. People generally have no small change, so do not take Rs. 500 notes (which may be fake too).
For Details please log on to http://www.statebankofindia.com/
For Foreign Exchange
Most banks offer money exchange facilities. Travellers cheques can be encashed at most foreign banks and at the main branches of the Indian banks. Banking hours are from 10 am to 2 pm from Monday to Friday:
Two banks open 24 hours a day for foreign exchange:
The Central Bank
State Bank of
Foreign Banks in Delhi
ANZ Grindlays Bank
Kasturba Gandhi Marg
Tel: 3722333 (24 hours ATM)
DLF Centre, Sansad Marg
Tel: 3755130, 3755407
Banque National de Paris
Tel: 3712484, 3714211(24 hours ATM)
Hong Kong Bank
28, Kasturba Gandhi Marg
Tel: 3716000 (24 hours ATM)
Standard Chartered Bank
17 Sansad Marg
The Bank of Tokyo Ltd.
3 Sansad Marg
15-17 Tolstoy Marg
The Hong Kong and Shanghai Banking Corporation Limited (HSBC)
Tel: 2373 8989