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 typeNRO 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 purposeReceive salary and other current income earned in India in Indian rupeesView source
describes the account as a route for depositing legitimate current income earned in India, such as rent, dividends and pension, alongside salary credits.
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
NRO savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025View source
The applicable savings rate table publishes 2.50% p.a. across all balances effective 15 June 2025.
- Source
- Savings Bank Interest Rate
- Page / section
- Savings 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 funding routesFresh overseas remittance or transfer from an NRE, NRO or FCNR(B) accountView source
The official Overview lists fresh overseas remittance and transfers from , or (B) accounts as opening-fund routes.
- Source
- Salary Account
- Page / section
- Overview
- Accessed
- 11 Aug 2026
- Confidence
- high
Published tax treatmentInterest is subject to tax deduction at source; SBI states 30.90% at present or the applicable DTAA rateView source
The Overview states that interest earned on accounts is subject to , presently 30.90%, or the applicable rate.
- 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 employee accounts 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 NRO account balance rules apply: the account can be opened with zero balance; Personal Banking branch thresholds are ₹1 lakh in Metro/
The Salary page says all normal Savings Bank Account features apply; 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
RepatriationNRO balances are partly repatriable, subject to the overall ceiling of USD 1 million (or equivalent) in a financial year and applicable tax/
states that balances are partly repatriable subject to an overall ceiling of USD 1 million or equivalent in a financial year; the salary page applies normal account features.
- Source
- Non-Resident Ordinary () Account
- Page / section
- Savings Bank / Current Account — Repatriation
- 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 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
↗
