Is CommBank Business available for business in India?

By Fredrik Filipsson, cofounder of Business Bank Index
Reviewed by Morten Andersen · Last reviewed 20 September 2025
Availability

CommBank Business for business in India: Not available

Key eligibility
CommBank business accounts are opened for businesses in Australia. India registered businesses cannot open a local CommBank business current account
Non resident position
CommBank operates a Mumbai branch focused on the Australia and India trade corridor and on services for Australian and Non Resident Indian clients, not local Indian business current accounts
Local currency support
CommBank business accounts operate in Australian dollars. Its India operations provide trade finance, remittance and foreign exchange for the corridor rather than a local rupee business account
Headline monthly fee
Not applicable for a local Indian account, as CommBank does not offer India registered business current accounts. Verify any Australian pricing with the provider
Availability and fees as of 20 September 2025Last reviewed 20 September 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

No. As of 20 September 2025, CommBank does not offer local business current accounts to India registered companies. Commonwealth Bank of Australia runs a Mumbai branch, but it is focused on the Australia and India trade corridor, on Australian businesses operating in India, and on remittance and foreign exchange for Non Resident Indian clients, not on opening everyday business current accounts for India registered companies. An Indian business seeking a local account should look to providers that serve the Indian market.

Does CommBank Business serve business customers in India?

No, not as a local business account. Commonwealth Bank of Australia is Australia's largest bank, and its business banking products are for Australian businesses. It opened a branch in Mumbai in 2010 and maintains India operations, but these focus on trade finance, remittance and foreign exchange across the Australia and India corridor, on supporting Australian businesses active in India, and on services for Non Resident Indian clients, and it has signed a memorandum of understanding with ICICI Bank to support customers across the corridor. That is a wholesale and corridor proposition, not a retail or SME business current account for India registered companies. So a typical Indian business cannot open a local CommBank business account. As of 20 September 2025.

Eligibility for businesses in India

CommBank business account eligibility is centred on Australia, where accounts are opened for Australian businesses with Australian identification and registration such as an ABN. Its India presence is a branch serving corridor trade, foreign exchange and remittance, and services aimed at Australian and Non Resident Indian clients, rather than a general business current account offering for India registered companies. There is no standard route for an India registered company operating only in India to open a local CommBank business current account, so for that purpose the product is not available. Verify with the provider

What it costs locally

Because CommBank does not offer a local business current account to India registered companies, local Indian account pricing does not apply. CommBank publishes business account fees for its Australian products, and any India corridor services such as trade finance and foreign exchange are quoted separately by its India operations to corporate and corridor clients. Confirm any applicable terms with the provider directly if your structure includes an Australian entity or corridor trade. As of 20 September 2025

What local users report

For an Indian business the practical point is that a local CommBank business current account is not on offer, so day to day reviews are less relevant than access. Where CommBank is discussed in India it is in the context of Australia and India trade, corporate banking, and Non Resident Indian remittance and investment. A business in India that needs a local current account or an international multi currency account would be better served by domestic Indian banks or by international providers that onboard India registered companies, several of which are listed on the India country guide.

CommBank Business does not offer a local business current account to India registered companies as of 20 September 2025. Commonwealth Bank of Australia runs a Mumbai branch focused on the Australia and India trade corridor and on services for Australian and Non Resident Indian clients, not everyday business accounts for India registered companies. Providers confirmed available in India are listed on the India country guide.

Questions about CommBank Business in India

Is CommBank Business available in India?
No. As of 20 September 2025, CommBank does not offer local business current accounts to India registered companies. Commonwealth Bank of Australia runs a Mumbai branch focused on the Australia and India trade corridor and on Non Resident Indian services, not everyday accounts for India registered businesses. Verify the current position with the provider.
Does Commonwealth Bank have a presence in India?
Yes. Commonwealth Bank of Australia opened a Mumbai branch in 2010 and provides trade finance, remittance and foreign exchange across the Australia and India corridor, plus services for Australian and Non Resident Indian clients. This is distinct from opening a local business current account for an India registered company, as of 20 September 2025.
Can an Indian company open a CommBank business account?
No. CommBank business current accounts are opened for Australian businesses, and its India operations focus on corridor trade and corporate services rather than local accounts, so a company registered and operating only in India cannot open one, as of 20 September 2025.
What can Indian businesses use instead of CommBank Business?
Businesses registered in India can consider domestic banks and international multi currency providers that onboard India registered companies. The India country guide lists providers confirmed to serve the market, as of 20 September 2025.

Availability, fees, and eligibility change. This page was last reviewed on 20 September 2025. Confirm the current position with CommBank Business before applying.

Related