Error-free Process
With our decades of experience, you will receive all application processes and services accurately.
Benefits of Choosing Visament
No matter what your source of income is, we've got you covered. There's a plan for everybody!
Quick Application Process
Our skilled experts will ensure you receive fast NRO account services to prevent delays.
Worldwide Services
From anywhere around the world, Visament remains the first choice for NRIs.
All-in-one Services
Visament provided you with everything from taxation, repatriation services, to CA advisory, and much more.
Not All Partners Are the Same — Compare Here
No matter what your source of income is, we've got you covered. There's a plan for everybody!
| Banks | Minimum Balance (Approx) | Savings Rate (Approx) | FD Rate (1-3 years) (Approx) | Action |
|---|---|---|---|---|
| SBI Bank | ₹50K - ₹1L | 2.70 (<₹10 Cr), 3.00% (>=₹50L) | 6.5% | Apply |
| HDFC Bank | ₹5K-₹10K | 3.50% (>=₹50L), 3.00% (<₹50L) | 7.0% | Apply |
| Kotak Mahindra Bank | ₹10K (AQB), ₹1L (AMB) | 3.50% | 6.9% | Apply |
| Bank Of Baroda Bank | ₹1K | 2.75%-3.35% | 6.5% | Apply |
| South Indian Bank | ₹5K-₹1L | 2.50%-6.00% | Up to 6.5% | Apply |
| ICICI Bank | ₹10K-₹25K | 3.00% (<₹50L), 3.50% (>=₹50L) | 7.1% | Apply |
| Yes Bank | ₹10K | 4.00%-6.50% | 7.0% | Apply |
Easy NRO Account Application Process
Open an NRO account online securely through Visament in just a few steps.
Upload Documents
Upload all the essential documents to verify KYC to start your NRO account application.
Verification of Documents
Our experts will verify your documents and send them to the embassy or notary for attestation.
Fill out Your NRO Account Application
After verification and attestation, our agents complete your NRO application in your selected bank account.
Get NRO Account
In just 5-10 working days, your NRO account will be activated, and you can use seamless NRO account services.
Documents for a Smooth NRO Account Application
Here are the essential documents that you will need to upload to open an NRO account.
Documentation & Proofs
- PAN Card
- Overseas Address Proof
Why Choose Visament NRO Account Services
Opening an NRO account with Visament offers some of the best advantages like
Round-the-Clock Services
Visament offers all-day and all-night support services.
Skilled and Professional Experts
Our skilled professional agents are there to provide you with error-free NRO account services.
Easy Mobile Banking
Through the Visament, you can easily manage your earnings on your mobile with just a click.
Trusted and Secure
Visament is a trusted and secure website for a high number of NRIs, offering 100% transparency.
100% Online Process
We offer NRIs a fully online process, which helps you to access our NRO services easily.
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Complete Banking Guide for NRIs, OCIs & PIOs
Everything you need to know — benefits, eligibility, features, and how to apply with ease.
Purpose
Open NRO Accounts Online help NRIs to:
- Manage NRO fixed deposits, finances, banking, and investments in India.
- Deposit Indian earnings from rent, pensions, business, shares, and dividends.
NRO Account Benefits
Having an NRO account unlocks many benefits, like:
- Easy transfer of funds through online and offline channels.
- Get a Visa Signature domestic debit card to withdraw money from anywhere in India.
- Get a higher ATM withdrawal and purchasing limit for your shopping in India.
- Easy transfer of USD 1 million outside India.
- Quick transfer of funds from your residence country to India.
- Directly send money from your NRO account to an overseas Bank account.
- Easy re-classification of your NRO account when your resident status changes.
How to Apply for an NRO Account
Here is the simple application process for an NRO savings account.
- Step 1: Please submit all required documents for your KYC verification. It is a crucial step to initiate your NRO application.
- Step 2: Your documents will be sent for verification to the Indian Embassy and attestation to the Notary Center.
- Step 3: Once your documents are completely verified, our experts will fill out an online application form for your preferred bank in India with all supporting documents for your NRO account application.
- Step 4: After submitting your NRO application, your account will be activated in just 5-10 working days, and you can enjoy smooth NRO services.
Eligibility of NRO Account
We help you understand who can qualify to apply for an NRO account in India.
- if you are an Overseas Citizen of India (OCI).
- Persons of Indian Origin (PIOs).
- Non-resident Indians (NRIs) living in foreign countries.
- If you are on a Marine vessel working internationally.
- For oil rig workers working on international projects.
Features of an NRO Account
- Earn Monthly Interest: You will receive interest on your daily closing balance in your account.
- 100% Online Services: NRO accounts offer a fully digital banking experience through the mobile app or net banking.
- Funds Repatriation: You can transfer up to USD 1 million in a financial year to an NRO savings account online.
- Debit Card: You can withdraw cash and pay by using the NRO account debit card in India.
- Easy Payments: Pay your utility bills easily with a card or a cheque book.
- Stay Notified: Track your financial transactions through the free email statements.
Documents Needed to Open NRO Account Online
Here is a list of documents for NRO account that you need to provide to open an NRO account.
- You need to submit a valid Government-Issued ID proof, such as a Driving license, Aadhaar card, or Voter ID, for address verification.
- You need to submit a copy of your NRI passport with entry and exit stamps.
- Provide 2 recent passport-size photos.
- Original PAN card.
- Filled NRO application form.
- You need to submit a work permit and a residence permit as proof of NRI.
- Signature on a blank white paper.
Frequently Asked Questions
We offer easy, fast, and reliable OCI, Passport, and Visa services, guiding you through every step with accurate documentation, expert support.
It is an Account that is made for non-resident Indians (NRIs), Overseas Citizens of India (OCI), and PIOs to manage their income earned in India.
Here are some key benefits of an NRO account: easy fund transfer from abroad, cash withdrawal from ATMs, bill payments, donations, and earning high interest on NRO savings accounts.
To avoid Tax deductions, you can claim a tax deduction on your interest, which is up to 10,000 INR, from your NRO Savings account online, as per section 80TTA of the Income Tax Act.
To apply for an NRO account, you must collect all the necessary documents for KYC. Your documents will be sent for verification to your NRO account opening agency. After verification, the Visament agent will register a file to open an NRO account in your preferred bank, such as an HDFC NRO account, an ICICI NRO account, an SBI NRO account, and many more. Your account will be activated within 5-10 days.
Yes, OCI cardholders can open an NRO account and utilize its benefits.
Yes, you can convert a savings account to an NRO account online from the bank's official website to its mobile app. To proceed, you must fill out an online application form, upload all necessary documents, and complete the KYC process.
Yes, you can transfer money from the NRO to the NRE account through the online Banking services. However, there are some conditions to be aware of: you can only transfer a limit of USD 1 million per fiscal year.
Yes, an NRI can invest in mutual funds in India with an NRO account. An NRI person can invest in various mutual fund schemes through the online NRE account services.
Yes, you can deposit cash into your NRO account from a legitimate source, such as rent, salary, or any other legal business in India. Foreign currency exchange is not allowed in NRO accounts.
Yes, NRIs can open multiple NRO accounts in India with different banks. There is no limitation on opening an NRO account for NRIs.
Transferring funds to your NRO account is a straightforward process. You can transfer funds through online banking, the bank app, or by entering the IFSC code and the amount you need to transfer directly into the bank.
Yes, you cannot convert your SBI savings account to an NRO account by simply downloading a request letter by clicking on the option ' For converting a resident Indian savings bank account into an NRO savings bank account from the download forms. Then you need to post your form to the home branch of your bank account with all the supporting documents, and you can have your SBI NRO account opened easily.
To open an NRI account in India, you need to go to the official webiste of the HDFC Bank and fill in all the details for the HDFC NRO account, then you will get a call from the Bank representative to assist you further for the smooth application process. Here are the documents that you will need to submit to open an NRO account online: NRI account opening form, 2 passport-size latest photos, a copy of PAN card, proof of Identity, proof of NRI/PIO status, and proof of address.
To convert your ICICI account to an NRO account online, you need to visit the ICICI online net banking and search for the account services option or account conversion to change your ICICI bank account to NRO account, then gather all the valid documents for the conversion application, like a copy of your passport, proof of residency, address proof in your current country, or any essential documents referred by the bank, then you need to submit your application, and follow up your bank for smooth application process, and you will easily get your ICICI NRO account.