#1
2nd February 2018, 10:41 AM
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NRO Account State Bank Of India
I am planning to open an account in the State Bank of India and came to know about the NRO Account State Bank Of India want details related to this. Will you provide me NRO Account Details of State Bank Of India also tell about the Account types permissible?
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#2
2nd February 2018, 10:42 AM
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Re: NRO Account State Bank Of India
State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra NRO Account Details of State Bank Of India: To park India based current income in Rupees in India 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 transfer from NRE / NRO / FCNR (B) accounts or fresh remittance from overseas Account can be opened with resident Indians on former or survivor basis Account can be withdrawn for making local payments in Rupees Interest income is subject to deduction of tax at source @ 30.90%. In case, depositor is resident of any of those countries with whom India has a DTAA, the tax will be deducted as per DTAA (Double Taxation Avoidance Agreement) agreed between India and the respective country Rupee loan available against NRO Deposits Other Facilities: You can avail following facilities with your NRO account: SMS Alerts Multi-City Cheque book (MCC) Domestic Debit Card Internet banking NRI Family Card Contact: State Bank of India State Bank Bhavan, Madam Cama Road Mumbai-400021. SBI Office Phone Number: +91-22-22029456 SBI Office Fax Number: +91-22-22742431 |