InvestorQ : What are the documents needed by an NRI to open an NRE savings bank account?
Niharika Kamble made post

What are the documents needed by an NRI to open an NRE savings bank account?

Answer
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2 years ago


A non-resident external (NRE) account is a type of savings account that NRIs or non-resident Indians have to open in India to conduct any kind of financial transactions.
Here are the documents required to open an NRE account:
- Photocopy of NRI’s passport pages containing passport details and the personal details of all the applicants
- Copy of Permanent Account Number (PAN)/ Form 60 (in absence of PAN)
- Copy of valid visa/work permit
- One passport photograph of each applicant
- One document confirming either the overseas or Indian address. The address on the document has to match the address mentioned in the application form.
- An Initial Payment Cheque/draft from your account equivalent to amount required to maintain the Average Monthly Balance in account. Please note, in case of a draft, DD slip is mandatory).