SIB Edge Account

Explore our features of the SIB Edge NRE Savings Account designed for NRI software professionals, providing easy financial management

Average minimum balance of just Rs. 10,000/- only
Maintain a combined minimum balance of Rs. 10,000/- 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. 2,00,000/- and above
Access to International Debit card and free Internet/Mobile banking services
Free and unlimited Debit card transactions, NEFT / RTGS & DD / PO and ATM withdrawals
Maximum 25% waiver on processing fee for Home Loans and Auto Loans based on approval from loan sanction authority

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 employment - NRI Software Professionals

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

People possessing a foreign passport who:

Held an Indian passport in the past
Have parents or grandparents who were Indian citizens under the Citizenship Act of 1955 or the Constitution
Have a spouse who is an Indian national or another PIO

NRE account opening online is a hassle-free solution for software professionals. Experience a seamless process by following the steps below to take control of your finances today!

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.

Explore our simple and transparent Interest rate and charges for the SIB Edge NRE Savings Account for Software Professionals—designed to keep banking hassle-free.

To ensure a quick and smooth process, scan all your documents and keep them ready before you fill the application form. Here is the list of documents necessary to open an NRE EDGE account.

2 passport-size photographs.
Proof of Identity (Copy of latest Passport with all pages)
Pan Card or Form 60
Permanent Address Proof (India or Abroad)
Oversees Address proof
Proof of NRI Status
Proof of Employment
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