Non Resident (External) Current Account
A tailor-made solution for NRIs seeking to efficiently manage their financial affairs involving income from foreign sources. Whether it's earnings from an overseas business venture, professional employment, or other international financial engagements, this account provides a reliable and seamless channel for handling such transactions. It’s designed to offer NRIs the flexibility and convenience they need in a dynamic global environment. With the ability to freely repatriate funds to India, it bridges the gap between your international financial activities and your banking needs in your home country. Read more
Why this account is for you
Build your future with our savings accounts
Easily manage your foreign earnings with straightforward deposit options
Access and manage your account securely from anywhere in the world
Benefit from fast and efficient handling of international transaction
Your financial world, at your fingertips
Experience KBL Mobile Plus today for all your NRI banking needs, wherever you are.
Available on Google Play Store and App Store.
Eligibility criteria
- Indian citizens who are residing outside India for employment, business, education, or other personal reasons
- Engaged in professional or business activities abroad, including those working for international organizations
- Indian students pursuing higher education or academic courses abroad
- Seafarers and maritime professionals of Indian nationality
- PIOs/OCIs holding eligible foreign passports
Documents required
- Valid Indian passport or resident card
- Employment/resident/student visa
- Overseas residential proof
- PAN card or Form 60
- Attestation for off-site verification, if applicable
As easy as 1,2,3...
Apply for a current account in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your account is opened
Simplify banking with easy reads
Bite-sized resources that keep you informed
Got questions? We’ve got answers.
You can initiate the process of opening an NRE Current Account while living abroad. we facilitate remote account opening, and you can submit the necessary documents online or through postal services. However, some documents may require attestation from authorized officials, which can also be done abroad.
Yes, as an NRE Current Account holder, you have the option to open a joint account with another NRI or a close relative residing in India. This can be particularly useful for managing shared financial commitments or investments in India. The joint account holder must meet the eligibility criteria and provide the required documentation.
We ensure the security of transactions through multiple layers of protection, including secure online banking platforms, OTP (One Time Password) verification for transactions, and monitoring of unusual activities. As a new customer, you will be guided on safe banking practices to ensure the security of your transactions.
: While Karnataka Bank strives to keep the fees minimal and competitive, there may be charges for certain services like international wire transfers, cheque book issuance, or non-maintenance of a minimum balance.
If you have lost your debit or credit card, or if it has been stolen, you should immediately report the incident to Karnataka Bank to ensure your account's security. You can send an email to info@ktkbank.com detailing the situation. Alternatively, you can call our toll-free customer numbers at 1800 425 1444 or 1800 572 8031. Prompt reporting is crucial to prevent any unauthorized transactions and to secure your account.
Yes, you can freely repatriate funds from this account to India, providing flexibility in managing your overseas earnings.
For non-resident individuals engaged in international business endeavors, the NRE Current Account is an essential financial tool. This specialized account, designed to cater to the needs of NRIs (Non-Resident Indians), allows for seamless management of foreign earnings and international transactions. With a focus on convenience and flexibility, the NRE Current Account facilitates international trade and business operations, making it the ideal choice for those seeking a reliable non-resident business bank account. Whether you're an entrepreneur, a professional, or a business entity, this account offers the financial flexibility you need to conduct cross-border business effectively.
