Bank of Baroda NRE Account

Can you tell me in detail about the process to fill the NRE Account Opening of BOB or Bank of Baroda for Non Resident Indians (NRI)?

[Rajkumar Agarwal]

Any Non Resident Indians (NRI) / Person of Indian Origin (PIO) can open NRE/ FCNR account with BOB or Bank of Baroda. NRI/PIO can be defined as under:

Account Opening Form:
• NRIs/PIOs, to fill the Account Opening Form (AOF) - available at Website or contact overseas / domestic branch or NRI Services department

• AOF duly completed with relevant documents to be submitted to

(a) Branch (with which NRI wishes to open account - details of branches available on bank’s website)
OR
(b) Any overseas branch/office (except New York) accessible to NRI locally
• Account can be opened in name of NRI/PIO
o Singly or Jointly with another NRI/PIO with operational instructions as “Jointly by both/all” or “Either or Survivor”
o Jointly with Resident Indian with operational instructions “Former or Survivor”

• Signature/s of the applicant/s on AOF and all Documents enclosed with AOF to be verified by an Official signature and seal/stamp

(a) Bank’s overseas branch / office
(b) Indian High Commission/Consulate/Embassy
(c) Notary Public
OR
(d) Person known to the Bank

Documents to be enclosed with AOF: (All documents required)
• 2 passport size latest photographs
• Copies of Passport and Residence Visa/ID Card/PIO Card
• Copies of any of Utility bills viz. fixed telephone/electricity bill, gas bill, water bill or council tax bill not older than three months. These utilities bills may be issued in favour showing either present residence abroad OR permanent address in India

For opening account, initial foreign inward payment to be sent by:
-Demand Draft /Mail Transfer in Foreign currency/INR
-Cashier’s Cheque/Personal Cheque in Foreign Currency/INR
-SWIFT/Wire/Telegraphic Transfer
-Foreign Currency/Traveller Cheques