SBI Consent Form from NRI Customers in EU

These forms are essential for State Bank of India (SBI) to comply with international data privacy laws like the EU GDPR and UK GDPR. If you are opening an account or performing Re-KYC, you must submit the consent form specific to your current country of residence.

Below are the most current versions (v2.0) of these documents and their purposes.

1. Privacy Notices (For Your Information)

These documents explain how SBI collects, processes, and protects your data. They do not require a signature.

Privacy Notice for EU NRI Customers (v2.0)
- Compliance: EU General Data Protection Regulation (GDPR).
- Focus: Your rights to data access, rectification, and the bank’s 10-year retention policy.
Privacy Notice for UK NRI Customers (v2.0)
- Compliance: UK Data Protection Act 2018.
- Focus: Specific to the UK’s legal framework post-Brexit, covering identity verification and fraud prevention.

2. Consent Forms (Action Required)

You must download, sign, and submit the form that matches where you live.

Consent Form for EU & UK NRI Customers (v2.0)
- Who should sign: Residents of any EU country or the United Kingdom.
- Key Clause: Explicitly grants permission to transfer your data from Europe to SBI’s servers in India. It notes that India is not yet adjudged “adequate” under GDPR Art. 45, so your signature confirms you understand this cross-border transfer.
- Marketing: Contains specific “Yes/No” checkboxes for receiving the NRI Newsletter and promotional offers via Email, Phone, or SMS.
Consent Form for NRI Customers (Other than EU & UK)
- Who should sign: Residents of the USA, Canada, UAE, Singapore, and all other non-European countries.
- Key Clause: Focuses on compliance with the Income Tax Act, FEMA, and sharing data with Indian credit bureaus (CIBIL/Equifax) and regulatory agencies.

Comparison Table: Which Documents Do I Need?

If you reside in…	Privacy Notice to Read	Consent Form to Sign
EU Countries (e.g., Germany, Ireland)	EU NRI Privacy Notice	EU & UK Consent Form
United Kingdom	UK NRI Privacy Notice	EU & UK Consent Form
USA, Gulf, Rest of World	Standard SBI Privacy Statement	Other than EU & UK Consent Form

Important Tips for Submission:

Version Check: Ensure you use the forms labeled v2.0. Older versions (v1.0 or from 2021) may be rejected by the Centralized Processing Cell (CPC) in India.
Marketing Preference: Do not leave the marketing section blank; the bank requires a clear “Yes” or “No” to process the form effectively.
Physical Signature: These forms typically require a “wet” signature (handwritten) rather than a digital one if you are sending them by post to your home branch or the NRI branch in India.