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

Features

Free repatriation

Transfer your savings back to your country without restrictions, offering you complete control over your funds.
 

Multi-currency acceptance

Efficiently manage transactions in multiple currencies, ideal for your international financial activities.

 

Joint account option

Enhance your financial planning by opening a joint account with other NRIs or resident close relatives.
 

Nomination facility

Secure your loved ones' future by nominating a beneficiary for your account, ensuring financial security.
 

KBL Mobile Plus app

Stay connected anytime, anywhere with the KBL Mobile Plus app, ensuring you can reach 24x7. 

Minimum balance requirements

Flexible minimum balance, as low as ₹200.

Banking that rewards you 

Discover our special and exclusive offers made for you 

SaffronStays
SaffronStays logo

Book a minimum of 3 nights at SaffronStays and avail a 15% discount up to ₹15,000*

SaffronStays
SaffronStays logo

Book a minimum of 2 nights at SaffronStays and avail a 10% discount up to ₹7,500*

Paneer Wrap
Mc Delivery

Get Big Spicy Paneer Wrap/Big Spicy Chicken Wrap On Purchase of ₹ 399 

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.

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Not sure which product is for you?

Let’s find the best fit together

  • No spam calls
  • Dedicated KBL experts
  • Set up a call on your time

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

As easy as

Simplify banking with easy reads

Bite-sized resources that keep you informed

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Got questions? We’ve got answers.

Can I open this account while living abroad, or do I need to be in India?

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.

Navigating international business with NRE current accounts

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.