Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account formsSavings bank, current, term deposit, special term deposit and recurring deposit
Source 1Account denominationIndian rupees
Source 2Opening balanceZero balance permitted for NRO savings and current accounts
Source 3NRO savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 4Residential-status eligibilityNRI, PIO and OCI customers are permitted; specified foreign students and tourists may also be eligible, subject to SBI's conditions
Source 5Published repatriation limitBalances are partly repatriable, subject to an overall ceiling of USD 1 million or equivalent in a financial year
Source 6Deposit tenuresTDR: 7 days–10 years; STDR: 6 months–10 years; RD: 12 months–10 years
Source 7Published tax deductionInterest income is stated as subject to 30.90% tax deduction at source, or the applicable DTAA rate
Source 8Listed facilitiesSMS alerts, multi-city cheque book, domestic debit card, internet banking and NRI Family Card
Source 9Published purposeTo hold India-based current income in rupees in India
Source 10Benefits and features
- Nomination is available for the listed account and deposit forms
- Rupee loans may be available against NRO deposits
- Savings, current and multiple deposit forms are available under the account family
Eligibility
- The SBI eligibility table permits NRO accounts for NRI, PIO and OCI customers subject to its footnoted conditions.
- The table also shows conditional NRO 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.
