SB NRO Edge Account

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

Maintain a minimum balance of Rs. 10,000/-
Flexibly maintain a minimum balance of Rs. 10,000/- across two 2 NR Accounts with the same customer ID
Zero minimum balance on maintenance of

NRI Term Deposit of Rs. 2,00,000/- & above

On Opening an RD of Rs. 20,000/- Per month for a minimum tenure of 12 months.

Access to free Mobile banking (SIB Mirror+) and Internet banking (SIBerNet) services
Free and unlimited NEFT / RTGS & DD / PO and ATM withdrawals
Free 25 leaves Cheque Books
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 NRO Savings Account?

NRIs (Non-Resident Indians)

Indian nationals residing overseas for employment - NRI Software Professionals
UN or government-related assignments

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

NRO 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 NRO Account Online:

Keep your documents handy
Complete the online Application Form Application Form
Send the completed form and supporting documentation to nrionline@sib.co.in
A South Indian Bank representative will contact you as soon as possible

Once you have initiated this process, you can open an NRO 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 required documents along with the application and deposit your funds using traveller’s cheque or foreign currency notes.

Experience clarity and openness with our fee structure, empowering you to navigate your NRI Banking account transactions with confidence.

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 SIB Edge NRO Savings Account.

2 passport-size photographs.
Proof of Identity (Copy of latest Passport with all pages)
Pan Card or Form 60
Overseas Address proof
Permanent Address Proof (India or Abroad)
Proof of NRI Status
Proof of Employment
Transfer from an existing Indian Bank Account, 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

According to FEMA guidelines, an NRI (Non-Resident Indian) is required to convert their Indian savings account into an NRO (Non-Resident Ordinary) account once their residency status changes to that of an NRI.
An NRO account allows for money transfers to and from foreign locations. You can deposit funds in both Indian Rupees and foreign currency; however, withdrawals can only be made in Indian Rupees.

You can deposit your Indian earnings into your NRO account, such as rent, pensions, dividends, and more.

Yes, the second account holder can be an Indian citizen, making it accessible for family or friends. Moreover, if both account holders reside outside India, they can easily grant power of attorney to someone in India, ensuring smooth account management.

When an NRI returns to India permanently, they should convert their NRO account to a local savings account.

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