SIB Seafarer NRO Savings Account

Set Your Financial Voyage Straight with Us

The SIB Seafarer NRO Savings Account is crafted specifically for Seafarers and Mariners to streamline financial management back home. Enjoy global access to funds, low transaction fees, efficient management of local income and the ability to manage finances seamlessly while at sea.

Tailored NRI banking account solutions designed for Seafarers and Mariners for seamless banking at sea and ashore.

  • Maintain an average monthly balance of just Rs. 10,000/-
  • Flexibility to maintain a minimum balance of Rs.10,000/- in the last 2 NR-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
  • Free and unlimited Debit card transactions, NEFT / RTGS & DD /PO
  • Benefit from special Inward remittance rates

Who Can Open the SIB NRO Seafarers Savings Account?

  • Indian Seafarers / Mariners can open a Seafarers Account to manage their finances seamlessly while at sea or on land

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 SB NRO Seafarers 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
  • Valid Job Contract (The disembarkation stamp on CDC should not be more than 6 months old)
  • 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

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

 

Open your SB NRO Seafarers Account with ease and enjoy seamless access to your finances anytime, anywhere - crafted just for your unique journey.

  • To open an account , 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.

 

Frequently Asked Questions

To get answers to the frequently asked queries

Yes, you can repatriate your funds to another resident country up to $1 million cumulatively in a financial year.

Yes, the interest earned on NRO savings accounts is subject to Indian income tax.

Yes, you can open your account in any currency. We will convert your currency into INR and open the SIB Seafarer NRO Savings Account .

Yes, you can have joint account holders. Any joint holders can operate the account, including remitting and withdrawing funds from the bank account.

NRO Savings Account

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