NRE Current Account
Effortlessly open the non-interest bearing Non-Resident External (NRE) Current Account online and enjoy preferential Forex rates* and more.
NRE Current Account
Effortlessly open the non-interest bearing Non-Resident External (NRE) Current Account online and enjoy preferential Forex rates* and more.
Features
Non-Interest Bearing Account
Preferential Forex Rates for transactions of value above USD10,000 or equivalent
About the account
Our Non-Resident External (NRE) Current Account is a unique non-interest-bearing account designed to cater to the needs of NRI customers by offering preferential Forex exchange rates for remittances, offers on the Debit Card spends, Complimentary Domestic Airport Lounge access and free online transactions. With Relationship managers accessible just a call/ mail away, we are happy to take your service requirements related to banking in India while you are abroad.
Eligibility-
NRIs and PIOs (Person of Indian Origin).Seafarers who are Citizens of India/ PIOs employed in shipping companies registered office in abroad.Government of India Employees with Diplomatic Passports working abroad.Students abroad, studying courses for a duration of one year and above with valid student visaDocumentation+
NRIs
One Recent Colour Passport Size Photo.Copy of Passport Pages showing the details of Name, Date of Birth, Place of Birth, Issue and Expiry Dates, Parents Names, Specimen Signature and Photograph, latest stamping page.Copy of Valid Visa or Work Permit or Residence Permit.Proof of Mailing address whichever is selected in the Application form.All documents attested by yourself(self attestation) and additionally by officials of Equitas Small Finance Bank /Your Banker Abroad/Notary Abroad /Indian Embassy.Initial Payment Cheque more or equal to the Monthly Average Balance of your Current Account or the value you want to make a Fixed Deposit.PIOs
One Recent Colour Passport Size PhotoCopy of Foreign Passport Pages showing the details of Name, Date of Birth, Place of Birth, Issue and Expiry Dates, Parents Names, Specimen Signature and Photograph.Initial Payment Cheque more or equal to the Monthly Average Balance of your Current Account or the value you want to make a Fixed Deposit.If the place of Birth is other than India, please provide one of the following,- Copy of Overseas Citizen of India(OCI) Card- Copy of Indian Passport held by self/parent/grandparent/great grandparent at any time- Copy of Indian Passport or OCI Card of the spouseIf the mailing address is different from the country of citizenship, provide a copy of valid visa.All documents attested by yourself(self attestation) and additionally by officials of Equitas Small Finance Bank /Your Banker Abroad/Notary Abroad /Indian Embassy.Seafarers
One Recent Colour Passport Size Photo.Copy of Passport Pages showing the details of Name, Date of Birth, Place of Birth, Issue and Expiry Dates, Parents Names, Specimen Signature and Photograph.Copy of Valid Transit or Work Visa or Copy of Continuous Discharge Summary (CDC) showing latest discharge summary or a declaration of sailing for the first time abroad.Copy of Valid Contract letter showing the Name of the Principal Company and address, Name of the Employee, Flag and Name of the Vessel, Name of the Port, Contract Commencement Date and Tenure and Salary in Foreign Currency.Merchant Navy Declaration in the Attached formatProof of mailing address if different from passport.All the documents has to be self attested as well as attested by Equitas SFB Staff.Address Proof Required
The following documents, where current address is mentioned, can be used as a Proof of Address. This address must necessarily be similar to the mailing address mentioned on the account opening form.| Document Considered for Communication Address Proof | Overseas | Indian |
|---|---|---|
| Copy of Passport | Yes | Yes |
| Copy of Bank statement / passbook duly signed by (no internet downloads, not more than 3 months old) Overseas or India based bank. If mailing address and bank a/c statement provided is of a Bank based in India, the statement should be of a NRI a/c or NR status should be certified by the bank on the statement. (Original Bank Statement required in case of Self-attestation) (The bank statement should be for a month or more and should not be more than 3 months old) | Yes | NA |
| Copy of Driving License(except driving license issued by the Govt of Maharashtra) | Yes | Yes |
| Employer’s Certificate indicating the address (Authorized Signatory, specifying the purpose of letter issuance as Account Opening on Company’s Letter Head) (Accepted only from certain countries). | Yes | NA |
| Copy of Credit card statement (not more than 3 months old) (Original in case of Self-attestation) | Yes | NA |
| Copy of Company ID card indicating the address | Yes | NA |
| Cert. from Indian Diplomatic mission stating the contact address | Yes | NA |
| Copy of Govt. ID card (SSN / Green Card / PIO card / OCI card) | Yes | NA |
| Copy of appointment letter indicating the address (on letterhead OR stamp) | Yes | NA |
| Copy of Utility bill (electricity/ piped gas/ Landline telephone / water / Mobile / Broadband /– not more than 3 months old) (Original in case of Self attestation) | Yes | NA |
| Copy of letter from University stating the address(for on-campus lodging) | Yes | NA |
| Copy of CDC issued by Govt. of India | NA | NA |
| Copy of Foreign Government card | Yes | NA |
| Copy of Permanent Singapore card** / Malaysian card | Yes | NA |
| Copy of Operator License (USA) | Yes | NA |
| Copy of Voter’s Identity (Election) Card | NA | Yes |
| Copy of Tenancy Contact Registration Certificate issued by regulated body (UAE) | Yes | NA |
| Copy of Wealth / Income Order (Not More than 6 months old) | Yes | NA |
| In the case of GCC (Gulf Cooperation Council) countries (If customer is providing any one of the documents mentioned in Point A below as address proof for overseas communication address then it is mandatory to also obtain the address proof of India. The local resident card mentioning the name of the sponsor (firm/company) can be used as overseas address proof; or The geography specific resident card mentioning the unique reference number can also be considered as the overseas address proof. | Yes | NA |
