bob Premium NRO Saving Account

• bob Premium NRO Saving Account for NRIs and PIOs (Individuals of Pakistan and Bangladesh shall require prior approval of the RBI)
• Minor on terms laid down by the bank. Accounts can be opened in the name of minor with their father/mother, as guardian.

* The insurance coverage is exclusively available to the primary account holder and will be applicable for individuals aged 18 to 60 years.

• Photocopy of relevant pages of Passport
• Copy of Valid Visa / Work permit (Not Required for PIO)
• Copy of Permanent Account Number (PAN) / Form 60 (in the absence of PAN)
• PIO/OCI card if not an Indian citizen/ *Copy of relevant pages of Passport of Parents or Grand Parents establishing them as from Indian Origin/*Copy of Marriage Certificate establishing the Spouse being of Indian Origin *(In this case a valid relationship proof needs to be obtained)
• Document confirming Overseas and Indian address if applicable
• One passport size photograph of each applicant

Cheque book – Free
Locker charges - Free of Cost
Debit card Charges - NIL Issuance Charges and renewal charges concession on Mastercard Variant, for other variant charges applicable as per Bank’s norm.

Closure of Account:

• For closure of Account within a year: If Account is closed by Customer within a year. Full Charges related to Debit Card, and Locker Charges is to be recovered.
• IMPS/NEFT / RTGS charges through Electronic Channels like bob World Internet and bob World:
• Free (through Digital Channel)
• If fund transfer is done through Branch, then Normal Charges will be applicable.
• SMS Charges: Applicable as per existing guidelines.

• Account can be opened either individually or jointly with other NRIs / PIOs.
• Funds deposited in the Account will be in the form of fresh Inward remittances from outside India, legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account.
• The account can be debited for the purpose of local payments, transfers to other NRO accounts or remittance of current income abroad.
• The maximum amount that can be repatriated from NRO account is USD 1 Million cumulatively per Financial Year. Repatriation from NRO Account is subject to guidelines issued by RBI / FEMA time to time.

bob Premium NRO Saving Account:

• Rate on FFD created out of Auto Sweep shall be as per ROI applicable for NRO Term Deposit for 181 days.
• In case of premature transfer of amount from Short Deposit before 181 days to account, the interest payable will be as per guidelines of the bank, from time to time, as applicable to Short Term Deposits (presently 1% less than the rate applicable for the period for which the deposit has remained with the bank).
• No additional interest will be payable to Senior Citizen and Staff/ex-staff Members