SB NRE Platinum Account

Advantages of the Ultra-Premium Platinum NRE Account - custom-designed for NRIs like you to enjoy unparalleled convenience and flexibility.

Average minimum balance of Rs. 1,00,000/- to enjoy exclusive benefits
Maintain a combined minimum balance of Rs. 1,00,000/- across linked accounts (eligible for the previous two NR accounts you have opened with us)
Enjoy the freedom of zero minimum balance in your savings account with an NRI Term Deposit of Rs. 5,00,000/-
25% waiver on loan processing fee up to a maximum of Rs. 2,500/-
No AMC and opening charges for DEMAT and PIS Accounts

Before you apply, take a moment to confirm your eligibility for opening an NR account with us. This simple step will ensure a smoother application process!

Who Can Open an NRE Savings Account?

NRIs (Non-Resident Indians)

Indian nationals residing overseas for the following reasons: Employment, education, or business
UN or government-related assignments
Careers as seafarers or on international airlines

PIOs/OCIs (Persons of Indian Origin/Overseas Citizens of India)

Individuals with a foreign passport who:

Previously held an Indian passport
Have parents or grandparents who were Indian citizens under the Constitution or Citizenship Act of 1955
Are married to an Indian citizen or another PIO

Our online NRI account opening is quick and hassle-free, bringing your banking needs from India right to your fingertips.

Online

To open an NRE Account Online:

Keep your documents handy
Fill up the Application Form available online
E-mail the filled application along with the documents to nrionline@sib.co.in
A representative from South Indian Bank will promptly get in touch with you

Once you have initiated this process, you can open an NRE Account online and remit your initial deposit or minimum balance by:

Direct remittance from abroad
Transfer from existing NRE and FCNR (B) accounts

Offline

To open an account in person, 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.

Enjoy a premium NRI banking account experience with our clear and transparent pricing, designed to make managing your account seamless and stress-free.

Before filling out the application, scan all of your documents and have them ready to go to ensure a speedy and easy process. The list of documents required for NRI account opening online is provided here.

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

Visit our NRI account opening guidelines page to find out more about our account opening procedure.