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Welcome to IOB's NRI Services. As an NRI, we know that you have specific financial needs.
Our products and services have been designed keeping your needs in mind and understanding your specific requirements... helping in turning your dreams to reality.
At IOB you have a wide range of choices for every need. Choose what suits you best from the various services we offer.
NRE Accounts
An NRE account is a (Non Resident External) Rupee Account that can be maintained as a Savings account, Current account or Term Deposit Account, in Indian Rupees only. It can be opened with funds remitted from abroad. Money can be transferred out of India from an NRE account.
How can I apply?
• Download the application form in MS-Word format
• Save it on your computer, print it out and send it to the nearest/convenient IOB branch for Processing.
Click here to download the Application Form
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NRO Accounts
If you are a resident who becomes a Non-Resident, your bank accounts if any, in India are termed as Ordinary Non-Resident accounts. These accounts can also be opened with overseas funding.
How can I apply?
• Download the application form in MS-Word format
• Save it on your computer, print it out and send it to the nearest/convenient IOB branch for Processing.
Click here to download the Application Form
RFC Accounts
An RFC account is a foreign currency bank account in India that can be maintained by a Non-resident Indian who has returned home for permanent settlement, after staying abroad for a minimum period of one year. An RFC account can be opened without any regulatory approval from the Reserve Bank of India.
How can I apply?
• Download the application form in MS-Word format
• Save it on your computer, print it out and send it to the nearest/convenient IOB branch for Processing.
Click here to download the Application Form
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