State Bank Of India OCI

Hii sir, I wants to get information about the Eligibility for the Account opening of the Resident Indian Or NRI Accounts of the State bank of India ?

[pawan]

As you asking for the information about the Eligibility for the Account opening of the Resident Indian Or NRI Accounts of the State bank of India the information is given to you


the Following Accounts may opened for the Resident Indian OCI


Non Resident Ordinary (NRO) Accounts
Permitted2,

Non Resident External (NRE) Accounts
Permitted2,

Foreign Currency Non-resident (Bank) {FCNR (B)} Accounts
Permitted2,


Conditions for the Opening the Account for the Residential Indian

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

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

Mode of operation permitted is 'Former (NRI) or Survivor' only
The NRI (PIO / OCI) will be the primary/first account holder in the joint account and RI will be the second applicant

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.