Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeNRO savings bank salary account
Source 1Published purposeReceive salary and other current income earned in India in Indian rupees
Source 2NRO savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 3Holder modeIndividual or joint with other NRIs, PIOs or OCIs
Source 4Published funding routesFresh overseas remittance or transfer from an NRE, NRO or FCNR(B) account
Source 5Published tax treatmentInterest is subject to tax deduction at source; SBI states 30.90% at present or the applicable DTAA rate
Source 6Employment eligibilityIndian-employer staff posted overseas or on ships, and overseas-employer staff meeting SBI's listed employer-account condition
Source 7Listed service-charge waiversSMS alerts; online NEFT/
Source 8Benefits and features
- Includes the features of SBI's normal NRO Savings Bank Account
- The page lists multiple service-charge waivers
- The page lists additional benefits on NRI 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, SBI states that at least ten NRE/NRO 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
- KYC identification documents
- One of: last month's salary slip, employer-issued employee identity card, or a bona fide/authentic HR or employer administration letter
