NRE Current Account
General Information:
Looking for interest free NRE account! Here we present our Feature RICH NRE current account that best suits your requirements.
A Current Account with SIB allows you to route all your personal financial transactions in a secure and convenient way. The modified features applicable as of 1st September 2023 are outlined below.
Account can be opened with
- direct remittance from abroad
- transfer from existing NRE, FCNR(B) accounts
- foreign currency note, travellers cheque tendered personally by NRIs during their visit to India.
• Only individuals are permitted to open the account.
• Joint accounts are permitted.
• Residents in India can be authorized to operate the account for local payments through Power of Attorney.
• Standing instruction for remittance of insurance premium, rent etc.
• Value Added Services such as Global ATM-cum-Debit Card, Internet Banking, Mobile Banking etc.
• Repatriation of credit balance permitted.
• Balance is exempt from wealth tax.
You may choose one of the following types of NRE Current Accounts.
Click here for Service Charges