2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
2nd February 2018, 10:42 AM
Super Moderator
 
Join Date: Aug 2012
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Account can be withdrawn for making local payments in Rupees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


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 07:58 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4