Procedure for Opening a Non-Resident (NRI) Accounts in India

Non resident Indians have been extended the facility to open an NRE/FCNR account from overseas, by downloading the form from the website of the bank of their choice.

Generally, the account opening form must be accompanied by

• A passport copy,
• The visa or residence permit of the country the NRI is residing in, and
• A set of 2 photographs

The signatures on the form have to be verified by either officials at the Indian Embassy or consulate in the country of his residence or the Notary public. In case the particular bank has an overseas branch in the applicant’s city, documents can be verified at that office.

The initial remittance must be sent along with the documents.

NRIs can empower a local citizen to operate their domestic accounts through a Power of Attorney or a letter of authority. NRIs can appoint nominees, resident Indians or otherwise, to their account.

To download the account opening forms of some of the banks offering NRI services in India, please refer to:

State Bank of India
http://statebankofindia.com/viewsection.jsp?lang=0&id=0,3,418

Citibank:
https://www.online.citibank.co.in/portal/newgen/seo/nri/foreign-currency-
account.htm?site=PORTAL&creative=NGR&section=ANNR01ID&agencyCode=XE
R&campaignCode=FCNRP&productCode=FCNR&eOfferCode=ANNR01ID#app

Standard Chartered Bank
http://www.standardchartered.com/in/home/forms_centre.html

Bank of Baroda
http://www.bankofbaroda.com/forms.asp

HDFC Bank
http://www.hdfcbank.com/nri/accounts/nre_savings.htm

ICICI Bank
http://www.icicibank.com/pfsuser/icicibank/ibank-nri/nrinewversion/Accounts_other.htm

Bank of India
http://www.bankofindia.com/home/productsservices/nridepo.asp

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