A person resident outside India who is a citizen of India or a person of Indian origin i.e.
Who is PIO?
A person of Indian origin who is a citizen of any other country other than Bangladesh or Pakistan, if :
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.
Note: Account may be introduced by an existing customer of the branch or may be verified by present banker or by Embassy Officials abroad. Copies of important pages of passport (containing name, signature, birth-date, place/ date of issue, expiry date etc) duly authenticated by Notary Public/ Officials of Indian Embassy. Two passport size photographs with signatures on reverse Remittance for opening an account.
FCNR deposits are accepted at select authorized branches.
NRIs may instruct their bankers to remit the amount directly by telex/ SWIFT to any of our forex branches for onward credit to Bank of India's branch where account is to be opened. Draft drawn on Mumbai or elsewhere may also be mailed to concerned branch which will be credited to the account on realisation.