BMB NRO Account

NRO Saving Bank Account Features

  • Minimum balance:- Account may be opened with Rs.1000/-
  • Average quarterly minimum balance:- Rs.1000/-

Interest

  • 4.5% p.a. for balance up to Rs.1,00,000/- and 5% on entire balances over Rs1,00,000/-.

Benefits

  • Free debit card cum ATM card for first year only
  • Free unlimited transactions at bank’s ATMs
  • Free 25 leaves of cheque book per year
  • Free monthly account statement by e- mail
  • Free 120 debit transactions
  • Taxability as per Indian Income Tax Rules

Eligibility

  • NRO account can be opened -
    • By a foreign nationals visiting India on temporarily basis.
    • Any person resident outside India(other than a person resident of Nepal & Bhutan) holding a valid Indian passport who is a citizen of India or is a person of Indian origin(PIO)
    • Jointly with resident/non-resident
    • In the name of two or more Non resident Individuals provided all the account holders are persons of Indian Nationality or Origin.
  • Documents required:-
  • NRI PIO
    • Copy of the relevant pages of Passport
    • Copy of valid Visa/Work permit
    • Copy of Marriage Certificate (For woman who got married to NRI/PIO)
    • Copy of the relevant pages of passport
    • Any one of the following: Copy of PIO/OCI card
      • Copy of relevant pages of passport of parents or grandparents
      • Copy of Marriage Certificate (for woman who got married to NRI/PRO)

    more...

    NRO Term Deposit Account Features

    • Minimum balance:- Account may be opened with Rs.1000/-
    • Investment term:- Min. 7 days and Max. 10 Years

    Interest

    • As in case of term deposits-interest rates prevailing as per HO Circulars brought out from time to time

    Eligibility

    • NRO account can be opened -
      • By a foreign nationals visiting India on temporarily basis.
      • Any person resident outside India(other than a person resident of Nepal & Bhutan) holding a valid Indian passport who is a citizen of India or is a person of Indian origin(PIO)
      • Jointly with resident/non-resident
      • In the name of two or more Non resident Individuals provided all the account holders are persons of Indian Nationality or Origin.

    more...

    NRO Recurring Deposit Features

    • Minimum balance:- Account may be opened with Rs.1000/-
    • Investment term:- Min. 1 Year and Max. 10 Years

    Interest

    • For term deposits interest rates prevailing as per HO Circulars brought out from time to time

    Eligibility

    • NRO account can be opened -
      • By a foreign nationals visiting India on temporarily basis.
      • Any person resident outside India(other than a person resident of Nepal & Bhutan) holding a valid Indian passport who is a citizen of India or is a person of Indian origin(PIO)
      • Jointly with resident/non-resident
      • In the name of two or more Non resident Individuals provided all the account holders are persons of Indian Nationality or Origin.

    more...

    More products: 
    • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

    • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore