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NRI DEFINED
 

NRIs, like you, have been playing a sterling role in the development of India. As you are aware, the Indian economy is fast developing and integrating into the world economy. India is considered as a safe and reliable destination for foreign investments. Bank deposit is one of the important avenues because of safety, liquidity and steady returns it offers.


We, at BANK OF INDIA, have always held the NRI community in high esteem. BANK OF INDIA is a Govt. of India Public Sector Undertaking and a premier banking institution. We offer a variety of deposit schemes for NRIs. Our network of over 4800 domestic branches and 56 foreign outlets is always at your service to take care of your banking needs. In order to render service exclusively to NRIs, we have 6 Specialized NRI Branches at important cities apart from 12 Branches with NRI centres at certain key Cities, gradually spreading across the Globe


When you return to India for permanent stay, you can place your foreign savings in Resident Foreign Currency Account (RFC)


We look forward to a long lasting bond of mutually beneficial relationship.


Who is NRI?


Non-Resident Indian Means: A person resident outside India who is a citizen of India or a person of Indian origin i.e.

  1. Indian citizens who proceed abroad for employment or for carrying on any business or vocation or for any other purpose in circumstances indicating indefinite period of stay outside India.
  2. Indian citizens working abroad on assignments with Foreign Governments, Government Agencies or International / Multinational Agencies like United Nations Organization (UNO), International Monetary Fund (IMF), World Bank etc.
  3. Officials of Central and State Governments and Public Sector Undertakings deputed abroad on assignments with Foreign Government Agencies / Organisations or posted to their own offices including Indian Diplomatic Missions abroad.
  4. Students going abroad for studying are now treated as Non-Resident Indians (NRIs) and are eligible for all the facilities available to NRIs under FEMA.

Who is PIO?

  • A person of Indian origin who is a citizen of any other country other than Bangladesh or Pakistan, if :
    1. She/ He, at any time, held an Indian passport or
    2. She/ He or either of her/his parents or any of her/his grand-parents was a citizen of India by virtue of Constitution of India or Citizenship Act 1955 (57of 1955)
    3. The person is a spouse of an Indian Citizen or a person referred to in sub clause (i) or (ii) above.

Who is Returning Indian?

  • Returning Indians i.e. those Indians who were non-residents earlier, and are returning now for permanent stay in India are permitted to open, hold and maintain Resident Foreign Currency (RFC) A/c.
Announcement        Start | Stop

BOI Financial Results 30.06.2017


Press Release from IBA new


Integrity Pledge Count new


Public Notice for Unclaimed Dividend


List of Wilful Defaulters


With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017


All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.


Annual Report 2017


We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new


MCLR w.e.f. 10.08.2017


Empanelment Of Sarfaesi Valuers


Details of unpaid / unclaimed Dividend


As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.


Base Rate revised to 9.55% w.e.f 31.03.2017


List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone


Change of Registrar and Share Transfer Agent


Notice to CD Customers


Notice to Customers


Notice to SB Customers


ATM transactions for savings Bank A/c Customers


Notice for our DEMAT Account Holders


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