State Bank of India   About Us | FAQs | Contact Us SBI NRI Services
   
   
Announcements
Fresh KYC requirement for the accounts older than two years. Please submit documents for re-KYC. Click here to know more.


Retrieval of Login password for Internet banking facility made easier. Please click here to know more.


Customer Account Position on email address


Place a request for outward remittance or funds transfer from your NRE Savings Bank account using Internet Banking facility. Please click here to know more.


Place a request for disposal of Inward Remittance sent to NRI accounts using Internet Banking Facility. Please click here to know more.


Availing Internet Banking facility made easier. Please click here to know more.


For new Internet Banking customers who have received USER ID for Internet Banking but not passwords. You can now place a request for re-issuance of passwords. Please click here to know more.
Locators
NRI Branches
NRI Intensive Branches
Other Branches
ATM
Calculators
Maturity Value
EMI
Home > Accounts / Deposits > NRE

Non Resident External (NRE) Account

Accounts & Deposits

NRE

NRO
FCNR (B)
FCNB Premium Account
RFC
Demat
Quick Links
  Online Banking
  Interest Rates
  Eligibility for account opening
  Download Forms
  Service Charges
  Modes of Banking
  Scope of NRI services at
SBI Foreign offices
  SWIFT Codes
  Feedback
Apply an Account Online
Let us Contact You Click here for E- Brochure

Overview:

  • To park your overseas earnings remitted to India and converted to Indian Rupees
  • 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 fresh remittances from overseas or transfer from other NRE / NRO / FCNR (B) accounts
  • Account can be opened with close resident relatives on "former or survivor" basis
  • Account can be withdrawn for making local payments in Rupees
  • Interest earned on NRE accounts is exempt from Indian Income tax
  • Rupee loan available against NRE Deposits
ELIGIBILITY FOR NRE ACCOUNT OPENING
PERMISSIBLE CREDITS
TYPES OF NRE ACCOUNTS & DEPOSITS
TENOR OF DEPOSITS (TDR/STDR/RD)
INTEREST RATES
PREMATURE WITHDRAWALS
TAX IMPLICATIONS
LOANS AGAINST NRE DEPOSITS
OTHER FACILITIES
FUNDS TRANSFER FROM NRE TO OVERSEAS ACCOUNT
PROCEDURE TO OPEN AN NRE ACCOUNT
JOINT ACCOUNT OF NON-RESIDENTS WITH RESIDENTS
Disclaimer | Privacy Statement | Disclosure | Terms of Use