NRO Savings Account

Disclaimer
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The Bank of India and its affiliates, subsidiaries, employees, officers, directors and agents shall not be liable for any loss, claim or damage whatsoever including in the event of deficiency in the service of such third party websites and for any consequences of error or failure of internet connection equipment hardware or software used to access the third party website through this link , slowdown or breakdown of third party website for any reason including and resulting from the act or omission of any other party involved in making this site or the data contained therein available to you including for any misuse of the Password, login ID or other confidential security information used to login to this website or from any other cause relating to your access to, inability to access, or use of the site or these materials in accordance thereto Bank of India and all its related parties described hereinabove stand indemnified from all proceedings or matters arising thereto.
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Ancillary Service
- Free Internet banking
- Missed Call alert facility for obtaining account balance
- Free utility bills payment facility through E-pay
- ATM-cum-International Debit Card (EMV Chip based)
Repatriation
RBI allows repatriation only for i) current income ii) up to USD one million per financial year (April-March), for any bonafide purpose after payment of applicable taxes.
Currency
INR
Fund Transfer
Free fund transfer within bank (Self or Third Party) . Free NEFT/RTGS through Net banking
Interest Rate
Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website
Taxation
Interest is taxable under Indian Income Tax Act.
Who can open?
NRIs (other than a person resident in Bhutan and Nepal) Individuals / entities of Bangladesh or Pakistan Nationality / ownership, and erstwhile Overseas Corporate Bodies require prior approval of RBI
Joint Account Facility:
Account can be held jointly by a NRI (persons of Indian nationality or origin) / with a Resident Indian
Mandate Holder
An Indian resident can be authorized to operate the account and provided with an ATM card for the account
Nomination
Facility available
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