SB NRO Silver Account

Discover the SB NRO Silver Account - tailored to meet the unique needs of NRIs like you, seamlessly blending convenience and flexibility.

Maintain an average monthly balance of Rs. 5000/-
Flexibly maintain minimum balance across linked NR accounts
Enjoy zero minimum balance when you open an NR Term Deposit of Rs. 1,00,000/- and above
Access to free Mobile banking (SIB Mirror+) and Internet banking (SIBerNet) services
Get a basic variant debit card (yearly AMC applicable)
Get a free checkbook of 10 leaves.

Before applying, please check your NR account eligibility to streamline your 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 Silver 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 Silver 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.

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 SB NRO Silver 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.
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, you can hold an NRI banking account jointly with a resident Indian or with another NRI or PIO.

Yes, the interest earned on your NRO account is taxable in India. It is subject to Tax Deducted at Source (TDS).

Yes, you can repatriate funds from your NRO banking account to your overseas account. However, the transfer is subject to limits and regulations set by the Reserve Bank of India (RBI)

Opening an NRO Silver Savings Account is simple and easy.