A person , who fulfills all the 3 following conditions with any one of the approved purposes will be accorded an NRI status and eligible to open an NRE/NRO Account, i.e.
1. person of Indian origin-passport
2. gone abroad
3. for an indefinite period.
A) for business,
B) for employment
C) for vocation
D) for Education.
NRIs (Individual/ entities of Pakistan nationality / entities of Bangladesh require prior approval of RBI).
1) Non-Resident External Rupee account scheme (NRE A/c.)
2) Non-Resident Ordinary Rupee account scheme (NRO A/c.)
Savings Bank Account
Term Deposit/STDR/RD (maximum upto 10 years)
For NRE deposits minimum tenor would be 12 months.
NRE Accounts -Each account holder should be NRI
NRO Accounts- With resident is permitted.
Available & recommended (as applicable to domestic deposits)
As applicable to domestic deposit accounts- For details click here
Documents to be submitted along with Account Opening Application - For details click here
For List of our Authorised Branches please click here