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 typeNRE savings bank salary accountView source
The Overview identifies Savings Bank as the permissible account type for the Salary Account.
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
Published purposeDeposit monthly overseas earnings in Indian rupees in IndiaView source
describes the product as an account for depositing monthly overseas earnings in Indian rupees in India.
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
NRE savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025View source
The salary-account Features tab links to dedicated savings rate table, which publishes 2.50% p.a. across all balances effective 15 June 2025.
- Source
- Savings Bank Interest Rate
- Page / section
- Saving Bank Deposits rate table
- Accessed
- 11 Aug 2026
- Confidence
- high
Holder modeIndividual or joint with other NRIs, PIOs or OCIsView source
The Overview says the account may be opened individually or jointly with other , or .
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
Published tax treatmentInterest earned on NRE accounts is stated as exempt from Indian income taxView source
The official Overview states that interest earned on accounts is exempt from Indian income tax.
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
Employment eligibilityIndian-employer staff posted overseas or on ships, and overseas-employer staff meeting SBI's listed employer-account conditionView source
The eligibility tab covers Indian-employer staff posted overseas or on ships and overseas-employer staff, for whom at least ten / salary-package accounts of the same employer must initially be opened.
- Source
- Salary Account
- Page / section
- Eligibility
- Accessed
- 11 Aug 2026
- Confidence
- high
Listed service-charge waiversSMS alerts; online NEFT/
The Features tab enumerates these waivers and separately describes a car-loan requirement waiver subject to the account-age and salary-credit condition.
- Source
- Salary Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Minimum balanceNormal NRE account balance rules apply: the account can be opened with zero balance; Personal Banking branch thresholds are ₹1 lakh in Metro/
The Salary page applies the normal account terms; page publishes zero-balance opening and branch-specific thresholds.
- Source
- Salary Account
- Page / section
- Features — normal account terms apply
- Accessed
- 29 Aug 2026
- Confidence
- high
RepatriationNRE principal and interest are fully repatriable to an overseas account.Effective 7 Feb 2026View source
states that principal and interest are fully repatriable; the salary page applies normal account features.
- Source
- Non-Residential External () Account
- Page / section
- Savings Bank / Current Account — Principal & interest
- Accessed
- 29 Aug 2026
- Confidence
- high
CurrencyIndian rupees (INR)View source
The manually reviewed product record states: “undefined”.
- Source
- Salary Account — official product page
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Residency eligibilityIndian-employer staff posted overseas or on ships, and overseas-employer staff meeting SBI's listed employer-account conditionView source
The manually reviewed product record states: “Indian-employer staff posted overseas or on ships, and overseas-employer staff meeting listed employer-account condition”.
- Source
- Salary Account
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Benefits and features
- Includes the features of normal Savings Bank Account
- The page lists multiple service-charge waivers
- The page lists additional benefits on home and car loans
Eligibility
- Employees of an Indian employer posted overseas or on a ship may open the account before leaving India or after relocating overseas.
- For overseas-employer staff, states that at least ten / Salary Package accounts of employees of the same employer must initially be opened.
- The separate car-loan condition waiver requires the account to be at least three months old with continuous salary credit.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- identification documents
- One of: last month's salary slip, employer-issued employee identity card, or a bona fide/authentic HR or employer administration letter
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
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