How to open an NRO account?

NRI investors can choose to open an NRO account either online or offline. The NRO account can be PIS enabled or investors can choose to make it a non-PIS account. Investors first need to download the application document from the bank’s website.

1. Completed application form signed and attested by your banker/Embassy of India/public notary or any person known to the bank and must be accompanied by:
2. Copy of passport, along with photocopies of address proof, expiry date of passport, etc.
3. Copy of Visa. For many countries in the Middle East, a work permit may be sufficient, along with a residence card.
4. One passport photograph of each applicant.
5. For mailing addresses, the following proofs may be acceptable.
   • Photocopy of Valid Passport stating the overseas address
   • Photocopy of Utility Bill
   • Photocopy of Overseas Bank Statement
   • Photocopy of Valid Driving License
   • Photocopy of Government issued ID Card
   • Photocopy of Credit Card bill
6. In case an individual cannot come to a branch for the opening of the account then, all photocopies of the above documents need to be attested by an Indian Embassy or Notary or by a Banker overseas.
7. NRI proof document like – valid work permit/visa
8. Valid proof of identity: PAN card, driver's license, passport, voter ID, etc.
9. Valid proof of address: utility bills, bank account statement, rental agreement, etc.
10. NRI status proof: employment visa or residency permit issued by the government of the host country.
11. Contact information and details of the applicant’s bank account.
12. Pan Card (It is mandatory irrespective of residential status.)
13. Identity Proof (PAN card, Driving license, Voter card, Overseas Citizen of India card).
14. Overseas Address Proof. (Driving License, Bank Statement, Lease/Rent Agreement. Utility Bill)
15. Indian Address Proof (Optional for OCI/PIO). (Aadhar Card/Voter ID/Driving License/Bank Statement/Utility bill)
16. Photograph as per Account Opening Form requirement.
17. In case the investor does not visit the branch (Non-Face-to-Face Case) to open these accounts then all photocopies should be attested by the customer himself and to be attested by the Indian Embassy or by Notary or By Banker Overseas. (This will apply to all the documents)
18. The account opening form and the above documents are mandatory to open PIS, Trading, and Demat Accounts.
19. In the case of a Foreign Passport, it needs to be accompanied by an OCI/PIO Card with a matching passport number.
20. PIS permission letter from the bank (issued by RBI).