Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeNRE current account
Source 1Opening balanceZero balance permitted
Source 2Average monthly balance₹3,000
Source 3InterestNo interest is paid
Source 4RepatriabilityBalance is fully repatriable to an overseas account
Source 5Published holder eligibilityMay be opened individually or jointly with other NRIs, PIOs or OCIs
Source 6Listed facilitiesSMS alerts, multi-city cheque book, international or domestic debit card, internet banking and NRI Family Card
Source 7Permissible credit routesFresh overseas remittance, transfers from NRE or FCNR(B), specified foreign instruments, and eligible repatriable India investment proceeds
Source 8Benefits and features
- Designed for eligible NRIs who do not wish to earn interest on deposits
- Balance is fully repatriable
- Nomination is available
- Multiple cheque, card, alert and online-banking facilities are listed
Eligibility
- The official page permits individual or joint holding with other NRIs, PIOs or OCIs.
- A close resident relative may be included only on SBI's stated former-or-survivor basis.
Passing a listed condition does not mean the bank will approve an application.
