SB NRO Fly High Account

Fulfill Your Dreams Beyond the Borders

The SIB Fly HIgh NRO Savings Account is ideal for immigrating university students, simplifying the management of funds from India for fees, living expenses, and other transactions. It facilitates easy handling of income from India and allows for seamless repatriation of funds as needed.

Explore our features of the SIB Fly High NRO Savings Account designed for students, providing easy financial management.

Maintain a minimum monthly balance of Rs. 5000/-
Maintain a minimum balance of Rs. 5000/- across two NR accounts with the same customer ID
Enjoy zero minimum balance on maintenance of NRI Term Deposit of Rs. 1,00,000/- & above
Free Internet Banking and Mobile Banking services
Basic Variant Debit Card with yearly AMC applicable
Free 10 leaves Cheque Books

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!

You must be an NRI (Non-Resident Indian), meaning you reside abroad for education or employment, and your primary residence is outside India.
You must be 18 years or above when opening the NRI Account

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

Opening a SIB Fly High NRO Savings Account is easy and quick. Just follow these simple steps below and begin your banking journey with us.

Online

To open an SIB FlyHigh NRO Savings 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 the documents below and keep them ready before you fill out the application form. Here is the list of documents necessary for the SIB Fly High NRO Savings account opening online.

2 passport-size photographs.
Proof of Identity (Copy of latest Passport with all pages)
Pan Card or Form 60
Proof of admission to an educational institute abroad (offer letter or enrollment letter)
Overseas Address proof.
Permanent Address Proof (India or Abroad)
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

Yes, an NRO account is primarily designed for managing income generated in India (such as rent and investments), but it can also be used to receive foreign remittances. However, you can only deposit or hold funds in Indian Rupees.

Yes, you can transfer funds from your NRO account to an international account. However, there are specific limits depending on the amount you are transferring.

Yes, the interest earned on an NRO account is subject to Indian tax. However, the tax you pay can be adjusted based on any Double Taxation Avoidance Agreement (DTAA) between India and your country of residence.

Yes, South Indian Bank feers online banking facilities for NRO accounts, allowing you to manage your account, view transactions, and transfer funds easily from anywhere in the world.

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