Non Resident (Ordinary) Current Account

Our Non Resident (Ordinary) Current Account is a specialized banking solution for NRIs who earn income in India through businesses, rentals, dividends, or other sources. This account is pivotal for efficiently managing your Indian financial assets while residing overseas. It allows the repatriation of current income like rent and pension after meeting specified conditions, providing a crucial link between your earnings in India and your global financial footprint. The account can be used for local payments and investments on a non-repatriation basis, making it ideal for NRIs who have ongoing financial commitments in India. Read more

Why this account is for you

Build your future with our savings accounts

Efficiently manage transactions in multiple currencies, suitable for your global financial activities

Benefit from dedicated NRI customer support for personalized banking assistance

Open jointly with resident Indians, perfect for family financial integration

Features

Non-repatriable basis

Use this account primarily for managing income earned within India, like business profits or property income. This account's balance primarily cannot be moved abroad.
 

Current income repatriation

Rent, dividends, or pension earned in India, can be repatriated. This is subject to conditions like obtaining a Chartered Accountant's certification and ensuring tax compliance.

 

Nomination facility

Nominate a beneficiary for your account to ensure that your financial assets are appropriately managed or transferred as per your wishes in case of unforeseen circumstances.
 

Investment freedom

Utilize funds without restrictions, offering a world of investment opportunities both in and outside India.

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 

A century of trust, now at your fingertips

Travel, shop, or pay bills—all in one app. Experience KBL Mobile Plus today. 

Available on Google Play Store and App Store. 

two phones
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 NRO 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

Financial wellness
A Guide to Budgeting and Saving with Your Bank

Blog
Boosting Resale Value on a Budget: The “Yes” and “No” List for Renovating

Blog
Financing Travel Adventures with Gold Loans

Blog
Top Tips for Negotiating the Best Gold Loan Interest Rates and Terms

Blog
7 Reasons It’s Time to Consider Taking a Business Loan

Blog
Beyond the Piggy Bank: Teaching Kids Financial Literacy

Blog
Unlocking Freedom: The Case for Owning a Car in the Age of Convenience

Blog
Is financing micro living with Home Loans recommended?

Blog
Myth Or Fact? Debunking Some Common Myths About Car Loans

Blog
6 Savings Account Mistakes to Avoid at All Costs

Blog
Common mistakes while availing personal loans and how to avoid them

Blog
5 Dos and Donts When Applying for Personal Loans

Blog
Leveraging Property-Based Loans for Business Growth

Blog
The Wisdom of Instant Gold Loans for Retired People - Unlock Financial Security

Blog
Dependancy Of Public Transport V/s Owning A Vehicle

Blog
Vehicle Loans for Aspiring Delivery Partners and Cab Drivers

Blog
Match made in banking heaven: Savings account edition

Blog
Furnishing your newlywed home with a Gold Loan

Blog
Financing Your Next Ride: A Guide to Buying Second-Hand Car with a Car Loan

Blog
Insta(nt) success: Business Loans for Small Businesses on Social Media

Blog
Is it Better to Buy an Apartment or an Independent House?

Blog
Earn more with vacation rentals over long-term renting: Loan against property

Blog
Navigating Personal Loans in your early 20s- Is it a Good Idea?

Blog
Savings Account: Breaking Norms and Building Wealth

Blog
Why should you go for a semi-furnished apartment?

blog
The Ultimate Guide to Savings Accounts

blog
Unlocking Financial Growth: The Ultimate Guide to Savings Accounts

Financial wellness
Empowering Your Financial Wellness: A Guide to Budgeting and Saving with Your Bank

Got questions? We’ve got answers.

Can I repatriate funds from this account?

Funds in the account generally cannot be repatriated. However, current income such as rent or pension can be repatriated after obtaining the necessary certifications and fulfilling tax obligations.

You can open a joint NRO account with other NRIs or resident close relatives in India, enhancing financial management within the family.

The account can be used for local investments and payments within India on a non-repatriation basis, offering you a range of investment opportunities.

Yes, the account comes with a nomination facility, allowing you to nominate a beneficiary for ease of asset transfer.

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, the account is accessible online, enabling you to manage your finances remotely from anywhere in the world.

Streamlining business transactions with NRO current accounts

When it comes to managing non-resident business finances in India, the NRO Current Account is a trusted solution. This specialized account, known as the Non-Resident Ordinary Current Account, serves the financial needs of NRIs with income generated within India. It is the go-to choice for individuals and businesses seeking a reliable non-resident business bank account for seamless transactions and fund management. Whether you're running a business or handling personal finances, the NRO Current Account offers the convenience and flexibility required for efficient financial operations.