NRO Current Account
General Information:
Looking for interest free NRO account! Here we present our Feature RICH NRO current account that best suits your requirements.
A NRO Current Account with SIB allows you to route all your domestic earnings in a secure and convenient way. The modified features applicable as of 1st September 2023 are outlined below.
- Accounts maintained in Indian Rupees for routing bonafide local remittance like rent.
- Joint accounts are permitted.
- Restricted repatriation is offered.
- Joint accounts are permitted.
- Only individuals are permitted to open the account.
Individual Current Account- Features.
- Free movement of funds from all branches by way of cash/other means.
- Average monthly Balance requirement of Rs. 10,000/-.
- Flexibility to maintain minimum balance of Rs. 10,000/- in linked accounts (eligible for last 2 opened NR accounts)
- No minimum balance in SB required on maintenance of total relationship value of Rs.2,00,000/-.
- Free International Debit card, SMS & Internet banking services
- Free and unlimited Debit card transactions, NEFT / RTGS & DD / PO.
- No Folio charges