Eligibility of Non-Resident Ordinary Salary Account

• If you are working for Indian employer and posted overseas or on ship: Account can be opened either before leaving India or after relocating overseas.
• If you are working for an overseas employer and posted overseas or on ship: Account can be opened subject to following:
• Minimum 10 NRE / NRO Salary Package accounts of employees of the same employer need to be opened in the first instance.
• One of the following documents will need to be submitted in addition to the identification documents required for KYC compliance:
  • Last month’s salary slip
  • Copy of Employee Identity Card issued by the Employer
  • Bonafide / Authentic  certificate or letter from HR / Letter from HR / Admin of the Employer

Overview of Non-Resident Ordinary (NRO) Salary Account

• For depositing India based current income in Indian Rupees in India
• Account can be opened either individually or jointly with other NRIs / PIOs / OCIs
• Account type permissible: Savings Bank
• Funds deposited in the account will be in the form of fresh remittances from overseas or transfer from other NRE / NRO / FCNR (B) accounts
• Interest income is subject to deduction of tax at source (at present @ 30.90%). In case, the customer is resident of any of those countries with whom India has a DTAA (Double Tax Avoidance Agreement), the tax will be deducted as per DTAA agreed between India and the respective country. Please click here for list of DTAA countries.
• Additional NRO salary account benefits on NRI Home loan and Car loan
• Waiver of various service charges

Joint Account Of Non-residents With Residents

Please fill up the account opening application through any of the following modes:

• Please click here to fill it online as per the process mentioned
• Please click here to download the account opening application, fill it manually and send it to your preferred home branch in India along with the attested copies of proofs & documents for KYC compliance, selected in the application.
• Please fill and submit application along with proofs & documents for KYC compliance, selected in the application, by visiting a SBI branch in India or overseas.