Current Account

Maintain an average monthly balance of just Rs. 10000/-
Gain flexibility to maintain a minimum balance of Rs. 10,000/- across 2 NR Accounts linked to the same customer ID
Waive the minimum balance requirement with an NRI Term Deposit of Rs. 2,00,000/- & more
Get an international debit card with airport lounge access
Open a joint account and manage finances with your loved ones easily

You are eligible to open an NRE Current account if you belong to the following categories:

Self-Employed Individuals
Business Owners
Freelancers and Consultants holding valid visas

Explore our simple and transparent Interest rate and charges for the NRE Current Account.

Open your NRE Current Account with ease and enjoy seamless access to your finances anytime, anywhere.

To open an account, you can visit the nearest branch in India, submit the application along with the required documents and deposit your funds using foreign currency notes or traveller’s cheque.

To ensure a quick and smooth process, scan all your documents and have them ready before you fill out the Application Form Here are the documents required to open an SIB NRE Current Account.

2 passport-size photographs.
Proof of Identity (Copy of latest Passport with all pages)
Pan Card or Form 60
Oversees Address proof
Permanent Address Proof (India or Abroad)
Proof of NRI Status
Initial remittance through DD issued by a foreign bank or an exchange company abroad or cheque drawn on a foreign bank in your country of residence

To learn more about our account opening process, visit our NRI account opening Guidelines page

Frequently Asked Questions

To get answers to the frequently asked queries

An NRI Current Account is a bank account for NRIs who run a business. With a current account, it is easy to manage and repatriate their foreign earnings in India and vice versa, while enjoying tax benefits and seamless banking services.

To transfer your Current Account to the nearest branch, submit a written application to the desired branch.

You can update or change your mobile number or email ID by visiting your branch and submitting a request form with the updated details.

The Monthly Average Balance requirement for an Individual Current Account is Rs. 10,000/-.

Non-maintenance of the average monthly balance will incur charges as per compendium of service changes.

Show More FAQs

What is an NRI Current Account?

How do I transfer my Current Account to another branch?

To transfer your Current Account to the nearest branch, submit a written application to the desired branch.

How do I update my mobile number or email ID for alert facility in my Current Account?

You can update or change your mobile number or email ID by visiting your branch and submitting a request form with the updated details.

What is the Monthly Average Balance (MAB) requirement for CA Standard?

The Monthly Average Balance requirement for an Individual Current Account is Rs. 10,000/-.

What happens if I don’t maintain the Average Monthly Balance?

Non-maintenance of the average monthly balance will incur charges as per compendium of service changes.

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