Please note: If you are maintaining a Resident Indian (domestic) account (s) with SBI, then either it needs to be converted into NRO account or to be closed down before opening a new NRE / NRO account, as an NRI cannot maintain a domestic account. we have listed them below. I do not have any residential proof of Pune. State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account.The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Distribution products. Aadhaar Card. You will not be allowed to have joint PPF accounts. Initial work contract & Last wage slip (within last 6 months) If you are a Contract Employee, then you also need to provide the last work contract valid as on date. 500 if you need ATM facility only and Rs. Passport. Re-Activate Dormant Account in SBI : State Bank of India is one of the most flexible banks in India with a lot of options for everything. Xerox copies of any two of the following: Copy of Telephone/Electric Bill, Cheque drawn on bank account abroad, etc. through phone call / SMSes / e-mails. 2) Voter ID Card (If the Address differs from the one mentioned in the Account Opening Form). This is as per the RBI guidelines for maintaining updated customer records. In case an NRI has not yet closed his/her PPF account with SBI, he/she would be getting a post office saving bank account rate, which at present is 4%, said SBI. How to Change your Signature in SBI Account ? NRE stands for Non-Resident External Account where transactions take place in rupee only. 3) Power of Attorney granted to a partner of an employee of the firm to transact business on its behalf. 1.Passport Copy** 2.Valid Visa Copy 3.Pan Card (It is mandatory irrespective of residential status.) 3) Resolution of the Board of Directors to open an account and list of officials authorized to operate the account. 5) Certificate/registration document issued by the sales tax/professional tax authorities. 5) Attach Proof of Legal name, telephone number of the firm and partners apart from the above. 1) Passport (If the Address differs from the one mentioned in the Account Opening Form). Your email address will not be published. shared this fantastic paragraph at at this place. The documents required for NRI account are – Application form Photocopies of different pages of the passport containing details such as name, address, birth date, date of passport issuance and expiration, … By sending it to SBI Branch in India: You can get the account opening from here, fill the application with relevant information and post/courier it to your preferred home branch in India with the required documents like attested copies of proofs & documents selected for KYC in the application. Then the form must be properly filled and send to any branch of SBI where a person would like to have an account of his own. 13) Bank Account Statement/Passbook (Not more than 3 Months Old). The documents that are required to open a PPF account. First, you choose a bank that satisfies your requirements. You will be intimated vide email on your registered email ID, once the account is opened. 4) Attach Proof to identify and proof of address of the main partners and persons holding the PoA apart from the above. 1) Passport (If the Address differs from the one mentioned in the Account Opening Form). The PAN card of the HUF/PAN Intimation letter/GIR No./Form 60/HUF Declaration and Identity and Address proof of the Kartha. 5 Comments. Applicant’s documents as per following: For NRI: Copy of relevant pages of Passport; Copy of visa / work permit More clearly, the actual Borrower or applicant should be a resident Indian of the NRI Guarantor. In our previous article, we have already told you how to open a bank account in SBI. Our list includes the Address and Identity Proof documents for Savings Account & the documents required for Current Account. SBI demands certain definitive documents from both the NRI applicant and the resident Indian guarantor. Think Plan Do Act. One can open SBI NRI Bank Account like savings account, fixed deposits in Indian currency, foreign currency nonresident deposit account in dollars, pounds, euro, yen etc. SBI's home loan against property scheme to help you meet personal needs such as education, marriage, healthcare, etc. Joint holders would require set of all documents mentioned above. certified Balance Sheet and P&L accounts, Last 2 years Individual Tax Return except for NRI/PIO located in Middle east countries ; Last six months’ Bank Statement of overseas account in the name of individual as well as company/unit. So now you know many thing about PPF and SBI, now let us move to the further part of this article and check out the documents required to open PPF account in SBI. Meanwhile, an NRO account is a bank account opened in India in the name of an NRI, for him to manage the income earned by him in India Get more Personal Finance News and Business News on … You can get other basic NRE Account information here. This account is only designed for the use of nonresident Indians or (NRIs). Here’s the link to re-KYC form from SBI containing all the details. Save my name, email, and website in this browser for the next time I comment. To open an NRI account, please contact the SBI NRI customer service desk or visit a nearby SBI Bank branch. Ans: Yes, KYC documents in respect of all joint account holders will be required. 9) Importer Exporter Code (IEC) issued by the Office of Directorate General of Foreign Trade (DGFT) etc., (Any two of the above documents would suffice. Non-resident Ordinary Rupee Account (NRO) Rupee account, taxable in India, with interest rates linked with Indian domestic deposit rates. 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