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NRI CURRENT ACCOUNT
Features NRE Current Account NRO Current Account
Eligibility NRIs (individuals/entities of Bangladesh/Pakistan nationality/ownership require prior approval of RBI).
  • Any person resident outside India (other than a person resident in Nepal and Bhutan).
  • Individuals/entities of Pakistan Nationality/ownership, entities of Bangladesh ownership and erstwhile Overseas Corporate Bodies require prior approval of Reserve Bank of India.
Joint Account of 2 or more NRIs Account can be held jointly by a Non-Resident Indian (persons of Indian nationality or origin) / with a Resident Indian (Former or Survivor basis). A Resident Indian can operate the account only as a Mandate / POA holder. The Resident Indian must be a close relative as defined in Section 6 of the Companies act, 1956.

Account can be held jointly by a Non-Resident Indian (persons of Indian nationality or origin) / with a Resident Indian

Currency in which Account is denominated Indian Rupees (INR)

Indian Rupees (INR)

Repatriability Freely Repatriable

Principal upto USD 1 Million. Subject to FEMA 2000 guidelines from time to time.

Interest Rate Not applicable

Not applicable

Sweep-in Facility Available

Available

Taxation Funds in NRE Account are exempted from income tax in India

Funds in NRO Account are taxable under Indian Income Tax Act

Fund Transfer
  • Free Funds Transfer within the bank (Self A/c or Third party A/c)
  • Collection of Cheques and payments across Bank of India locations all over the country
  • Free Funds Transfer within the bank (Self A/c or Third party A/c)
  • Collection of Cheques and payments across Bank of India locations all over the country
NEFT/RTGS
  • Free collection of NEFT/RTGS.
  • Free NEFT/RTGS payment through Net Banking
  • Free collection of NEFT/RTGS.
  • Free NEFT/RTGS payment through Net Banking
Ancillary Services
  • Net banking
  • Free statements of Account
  • Online Income Tax return filing facility
  • Free utility bills payment facility through E-pay
  • ATM cum International Debit Card

 

  • Net banking
  • Free statements of Account
  • Online Income Tax return filing facility
  • Free utility bills payment facility through E-pay
  • ATM cum International Debit Card
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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NRI CURRENT ACCOUNT