India has the highest diaspora population living abroad with 18 million Indians. Providing banking services to Indians working/studying outside India is very important.
Bank of Baroda provides amazing NRI Banking services to people living outside India. You can open NRI Account in the Bank of Baroda and use it to avail banking services.
Using an NRI account, you can facilitate the fund transfers, foreign exchange and earn interest in foreign currency which would have been a tidies job.
In this article, we will discuss how to open an NRI account in the Bank of Baroda, Eligibility, Documents required, etc.
Table of Contents
Eligibility for NRI Account
The following are the eligibility criteria for opening NRI Account-
- Any non-resident Indians (NRI)/person of Indian origin(PIO) can open an NRI account
How to Open NRI Account in the Bank of Baroda?
You can follow these steps to open NRI Account in the Bank of Baroda-
- Unline Bank of Baroda online Account opening, the NRI account can only be opened by visiting the bank branch
- After visiting the bank branch, you have to fill the NRI Account opening application form and attach the documents mentioned below
- Now, submit the application form to the bank representative along with the initial deposit amount
- After verification, your NRI account will be opened and a starter kit will be sent to your resident address via post
- You’ll find a Bank of Baroda Debit card, passbook, and cheque book. After receiving the starter kit, you’ll have to activate your bank account service like BOB Mobile Banking, BOB Net Banking, and activate BOB Debit card
Documents Required for NRI Account
The following are the documents required for opening NRI Account-
| Identification Documents | If you are an NRI status holder | If you are PIO / OCI status holder |
| Proof of Status | Any one of the following: Valid Visa / Work Permit Valid Job Contract Continuous Discharge Certificate (CDC) Last payslip evidencing employment with a shipping company | Any one of the following: Valid PIO Card/Valid OCI Card Relevant pages of Passport of parents or grandparents, establishing their Indian Origin Marriage Certificate establishing spouse’s Indian Origin |
| Proof of Identity | Relevant pages of Passport | |
| Current Address document (Overseas only) | Anyone of the following: Self-declaration of address with positive confirmation by submitting a copy of any one of the following: Government-issued National Identity Card at the country of residence driving License issued abroad Utility Bill (Electricity, Telephone, Gas) Original copy of latest overseas bank account or existing NRE / NRO account statement carrying overseas address Employer’s certificate Address proof of the blood relative | |
| Proof of Permanent Address (Overseas / Indian) | Any one of the following: Relevant pages of Passport Driving License Voter Identity Card Aadhaar Letter/Card | Relevant pages of Passport |
| Additional requirement | 2 Passport size photographs Certified English translated copy of the document wherever it is in a foreign language |
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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