Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Account formsSavings bank, current, term deposit, special term deposit and recurring depositView source
The Features section lists Savings Bank, Current Account, Term Deposit, Special Term Deposit and Recurring Deposit as permissible account types.
- Source
- Non-Residential External Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Account denominationIndian rupeesView source
describes savings and current accounts as rupee-denominated accounts.
- Source
- Non-Residential External Account
- Page / section
- Types Of Accounts — Savings Bank / Current Account
- Accessed
- 11 Aug 2026
- Confidence
- high
Opening balanceZero balance permitted for NRE savings and current accountsView source
The account-types section says the Savings Bank / Current Account can be opened with a zero balance; it separately advises funding the account with reference to minimum-average-balance criteria.
- Source
- Non-Residential External Account
- Page / section
- Types Of Accounts — Savings Bank / Current Account
- Accessed
- 11 Aug 2026
- Confidence
- high
NRE savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025View source
The dedicated savings rate table publishes 2.50% p.a. across all account balances with effect from 15 June 2025.
- Source
- Savings Bank Interest Rate
- Page / section
- Saving Bank Deposits rate table
- Accessed
- 11 Aug 2026
- Confidence
- high
Residential-status eligibilityNRI, PIO and OCI customers are permitted, subject to SBI's listed conditionsView source
The eligibility table marks accounts as permitted for , and residential-status rows, with the footnoted conditions shown on the page.
- Source
- Non-Residential External Account
- Page / section
- Eligibility
- Accessed
- 11 Aug 2026
- Confidence
- high
RepatriabilityPrincipal and interest are fully repatriableView source
states for the listed savings/current and deposit forms that principal and interest are fully repatriable.
- Source
- Non-Residential External Account
- Page / section
- Types Of Accounts
- Accessed
- 11 Aug 2026
- Confidence
- high
Deposit tenure1 year minimum and 10 years maximum for TDR, STDR and RDView source
The Features section gives a minimum period of one year and a maximum period of ten years for , and deposits.
- Source
- Non-Residential External Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Published tax treatmentInterest on NRE accounts is stated as exempt from Indian income taxView source
The official Features section states that interest earned on accounts is exempt from Indian income tax.
- Source
- Non-Residential External Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Listed facilitiesSMS alerts, multi-city cheque book, international or domestic debit card, internet banking and NRI Family CardView source
lists alerts, multi-city chequebook, international or domestic debit card, internet banking and Family Card among the account's facilities.
- Source
- Non-Residential External Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Permissible credit routesFresh overseas remittance, eligible transfers from NRE, FCNR(B) or NRO accounts, specified foreign instruments, and eligible India investment proceedsView source
The reviewed tab lists transfers from /(B), limited transfers, fresh overseas remittances, foreign cheques or drafts, specified cash or travellers cheques, and eligible repatriable investment proceeds.
- Source
- Non-Residential External Account
- Page / section
- Permissible Credits
- Accessed
- 11 Aug 2026
- Confidence
- high
Minimum balanceThe account can be opened with zero balance. General branches apply the MAB criteria; in Personal Banking branches the minimum total customer account/
states that the account can be opened with zero balance, then gives the general-branch rule and Personal Banking branch total-balance thresholds.
- Source
- Non-Residential External () Account
- Page / section
- Types of Accounts & Deposits — Savings Bank / Current Account — Minimum Deposit
- Accessed
- 29 Aug 2026
- Confidence
- high
RepatriationPrincipal and interest are fully repatriableView source
The manually reviewed product record states: “Principal and interest are fully repatriable”.
- Source
- Non-Residential External Account
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Residency eligibilityNRI, PIO and OCI customers are permitted, subject to SBI's listed conditionsView source
The manually reviewed product record states: “, and customers are permitted, subject to listed conditions”.
- Source
- Non-Residential External Account
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Benefits and features
- Principal and interest are fully repatriable
- Nomination is available for the listed account and deposit forms
- Rupee loans may be available against deposits
- The product page states that interest income is exempt from Indian income tax
Eligibility
- The eligibility table permits accounts for , and customers subject to its footnoted conditions.
- A joint account with a resident close relative may be opened only under listed former-or-survivor arrangement, with the non-resident as the first holder.
- Nationality-specific and residential-status conditions on the official page still apply.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Non-Resident External (NRE) Account and NRE Sukoon pagesofficial-product-pages · current · accessed 29 Aug 2026
↗SBI NRE Savings Bank Interest Rateofficial-rate-table · current · accessed 11 Aug 2026
↗
