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-Resident Ordinary 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-Resident Ordinary Account
- Page / section
- Types Of Accounts — Savings Bank / Current Account
- Accessed
- 11 Aug 2026
- Confidence
- high
Opening balanceZero balance permitted for NRO 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-Resident Ordinary Account
- Page / section
- Types Of Accounts — Savings Bank / Current Account
- Accessed
- 11 Aug 2026
- Confidence
- high
NRO 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
- Savings Bank Deposits rate table
- Accessed
- 11 Aug 2026
- Confidence
- high
Residential-status eligibilityNRI, PIO and OCI customers are permitted; specified foreign students and tourists may also be eligible, subject to SBI's conditionsView source
The eligibility table marks accounts as permitted for , and rows and also lists conditional eligibility for foreign students and tourists.
- Source
- Non-Resident Ordinary Account
- Page / section
- Eligibility
- Accessed
- 11 Aug 2026
- Confidence
- high
Published repatriation limitBalances are partly repatriable, subject to an overall ceiling of USD 1 million or equivalent in a financial yearView source
states that balances, principal and interest are partly repatriable subject to an overall USD 1 million-equivalent ceiling per financial year.
- Source
- Non-Resident Ordinary Account
- Page / section
- Types Of Accounts
- Accessed
- 11 Aug 2026
- Confidence
- high
Deposit tenuresTDR: 7 days–10 years; STDR: 6 months–10 years; RD: 12 months–10 yearsView source
The Features section publishes the listed tenor ranges separately for , and deposits.
- Source
- Non-Resident Ordinary Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Published tax deductionInterest income is stated as subject to 30.90% tax deduction at source, or the applicable DTAA rateView source
The official page states 30.90% tax deduction at source on interest income, with treatment where applicable.
- Source
- Non-Resident Ordinary Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Listed facilitiesSMS alerts, multi-city cheque book, domestic debit card, internet banking and NRI Family CardView source
lists alerts, multi-city chequebook, domestic debit card, internet banking and Family Card among facilities.
- Source
- Non-Resident Ordinary Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Published purposeTo hold India-based current income in rupees in IndiaView source
The Features section describes the account as a place for India-based current income held in rupees in India.
- Source
- Non-Resident Ordinary Account
- Page / section
- Features
- 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 and publishes the same branch-specific balance criteria.
- Source
- Non-Resident Ordinary () Account
- Page / section
- Types of Accounts & Deposits — Savings Bank / Current Account — Minimum Deposit
- Accessed
- 29 Aug 2026
- Confidence
- high
RepatriationBalances are partly repatriable, subject to an overall ceiling of USD 1 million or equivalent in a financial yearView source
The manually reviewed product record states: “Balances are partly repatriable, subject to an overall ceiling of USD 1 million or equivalent in a financial year”.
- Source
- Non-Resident Ordinary Account
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Residency eligibilityNRI, PIO and OCI customers are permitted; specified foreign students and tourists may also be eligible, subject to SBI's conditionsView source
The manually reviewed product record states: “, and customers are permitted; specified foreign students and tourists may also be eligible, subject to conditions”.
- Source
- Non-Resident Ordinary Account
- Page / section
- Published comparison aliases
- Accessed
- 11 Aug 2026
- Confidence
- high
Benefits and features
- Nomination is available for the listed account and deposit forms
- Rupee loans may be available against deposits
- Savings, current and multiple deposit forms are available under the account family
Eligibility
- The eligibility table permits accounts for , and customers subject to its footnoted conditions.
- The table also shows conditional eligibility for foreign students and foreign tourists on short visits to India.
- Nationality-specific, documentation 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 Ordinary (NRO) Account and NRO Salary Account pagesofficial-product-pages · current · accessed 29 Aug 2026
↗SBI NRO Savings Bank Interest Rateofficial-rate-table · current · accessed 11 Aug 2026
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