SBI NRI Account

Hii sir, I wants to get the Information About the State bank of India Non Resident External (NRE) Account ?

[sumit]

As you Asking for the Information About the State bank of India Non Resident External (NRE) Account the information is As Follow

About the NRE Account

To park your overseas earnings remitted to India and converted to Indian Rupees
Account can be opened either individually or jointly with other NRIs / PIOs / OCIs

Account types permissible:
Savings Bank
Current Account
Term Deposit
Special Term Deposit
Recurring Deposit

Funds deposited in the account will be in the form of fresh remittances from overseas or transfer from other NRE / NRO / FCNR (B) accounts

Account can be opened with close resident relatives on "former or survivor" basis
Account can be withdrawn for making local payments in Rupees

Interest earned on NRE accounts is exempt from Indian Income tax
Rupee loan available against NRE Deposits


Eligibility


However a joint account with Resident Indian (RI) who is a close relative can be opened subject to following conditions:

Mode of operation permitted is 'Either or Survivor' only

The RI will be the primary/first account holder in the joint account and NRI (PIO / OCI) will be the second applicant

A joint account with Resident Indian (RI) who is a close relative can also be opened subject to following conditions:

Following conditions applicable:

Pakistani National will require a prior approval from RBI before opening the account.
Bangladesh National to have a valid visa and residential permit issued by Foreigner Registration Office (FRO) / Foreigner Regional Registration Office (FRRO) concerned.




the NRI Account opening Form you may get from the below Attachement that is Free to Download