SB NRO Gold Account

Explore the SB NRO Gold Account, designed specifically for NRIs like you, effortlessly combining convenience and flexibility.

Maintain an average monthly balance of just Rs. 10,000/-
Benefit from maintaining minimum balance of Rs. 10,000/- in last two NRI linked accounts
Zero minimum balance if you have an NRI Term Deposit of Rs. 2,00,000/- or more
Access to free Mobile banking (SIB Mirror+) and Internet banking (SIBerNet) services
Enjoy unlimited free NEFT, RTGS, Demand Drafts (DD), Pay Orders (PO), and ATM withdrawals
Free cheque book with 25 leaves

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!
NRIs (Non-Resident Indians)

Indian citizens living abroad for:

Work, studies or business
Assignments with the UN or government-related postings
Jobs as mariners or on foreign 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

NRO account opening online is quick and simple. Just follow the steps below to start banking with your fingertips.

Online

To open an SB NRO Gold Account Online:

Keep your documents ready
Fill up the that is available online
Once the application Application Form is filled and the documents are uploaded, email it to nrionline@sib.co.in
A representative from South Indian Bank will quickly get in touch with you

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 NRO accounts

Offline

To open an SB NRO Gold account in person, 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.

Navigate your NRI Banking account transactions with clarity and confidence, with our transparent fee structure.

Scan and prepare your documents before filling out the NRO account application form. Here's the list of required documents.

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
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

NRO accounts have repatriation limits, allowing a maximum of USD 1 million (including taxes) per financial year.

Withdrawals from NRO accounts can only be made in Indian currency, as they are maintained in INR and cannot be converted freely into foreign currency.

Yes, cash deposits are allowed in NRO accounts.

Deposit savings and earnings from Indian sources like rent and pension.
Repatriate up to USD 1 million of your Indian earnings to your country of residence annually.

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