Non Resident (External) Current Account

• Non-Resident Indians (NRI)

Non-Resident Indians (NRI) is an Indian citizen who stays outside India for:

• Employment / Carrying out Business/Vocation or for any other purpose for an indefinite period.
• Indian Citizen working abroad on Assignment with Government Agencies/ Foreign Government Agencies and Public Sector Undertakings agencies/ Indian Diplomatic Missions/ International & Multinational Agencies like UNO/IMF/World Bank etc.
• Seafarers of Indian nationality / origin employed by overseas shipping companies.
• Indian students pursuing studies in abroad.

• PIOs – Persons of Indian Origin / OCI (Overseas Citizen of India)

Person of Indian Origin (PIO) / Overseas Citizen of India (OCI) is an individual holding Foreign Passport other than Bangladesh or Pakistan:

• A Citizen of India by virtue of the Constitution of India or the Citizenship Act,1955 (57 of 1955) or who belonged to a territory that became part of India after the 15th day of August, 1947.
• Having Parent/Grandparent as Citizen of India by virtue of Constitution of India or the Citizenship Act,1955.
• Spouse of Foreign Origin of Indian Citizen/ spouse of an PIO/OCI.

• Valid Indian Passport/ Overseas Resident Card.
• Employment Visa/ Work permit / Overseas Resident Card/Student Visa/ Overseas Resident Card.
• Communication Address Proof - The address on the document must be the same as the address mentioned in the application form.
• Pan Card / Form 60 to be provided mandatorily.

In case of off-site verification, all photocopies of the above proofs must be attested by any of the following:

• Authorised officials of overseas branches of Scheduled Commercial Banks registered in India.
• Branches of overseas banks with whom Indian banks have relationships.
• Notary Public abroad.
• Court Magistrate.
• Judge, Indian Embassy/Consulate General in the country where the non-resident customer resides.