SBI NRE / NRO / FCNR (B) / RFC account opening application for NRIs / PIOs / OCIs

SBI NRE / NRO / FCNR (B) / RFC account opening application for NRIs / PIOs / OCIs

Based on the SBI NRI Account Opening Application, here are the key points regarding account types, documentation, and the application process:

Account Types and Conversion

• Available Accounts: You can open NRE (Non-Resident External), NRO (Non-Resident Ordinary), FCNR(B) (Foreign Currency Non-Resident), or RFC (Resident Foreign Currency) accounts using this single application.

   

• Existing Resident Accounts: If you have a domestic Indian account, it must be either converted into an NRO account or closed.

• Simplified Opening: If you already have a KYC-compliant NRE/NRO account opened within the last two years, fresh identification documents and attestation are not required, provided there are no changes to your details.

Required Identification Documents

• Proof of Status: NRIs must provide a valid Visa or Work Permit. PIOs/OCIs must provide a PIO/OCI card or proof of Indian origin.

• Proof of Identity: Relevant pages of a valid Passport.

• Proof of Tax Residency: A document mentioning your Tax Identification Number (TIN) or a government-issued certificate of residence.

• Address Proofs: You must provide proof for your overseas current address (e.g., driving license, utility bill, or bank statement) and a permanent address (overseas or Indian).

   

• Non-Face-to-Face Requirements: Applicants not visiting a branch must provide additional proof, such as a cheque drawn on an overseas bank account or a pay slip.

Application & Attestation Process

• Filling Instructions: The form must be filled in BLOCK letters using black ink. Signatures must be uniform across all sections and match your identification documents.

• Third-Party Attestation: If you are not visiting an SBI branch in person, your signatures and documents must be attested by an SBI Foreign Office, a Notary Public, or an Indian Embassy/High Commission.

   

• Language Requirements: Any documents in a foreign language must be accompanied by a certified translated copy.

   

Banking Services and Features

• Debit Cards: International debit cards are not issued for NRO accounts; only domestic cards are available for those.

   

• Nomination: You can nominate a person to receive deposit amounts in the event of death using the included Form DA-1.

   

• Mode of Operation: Accounts can be operated as “Self only,” “Either or Survivor,” “Former or Survivor,” or “Jointly”.