Can an NRE account be opened online?

Yes, an NRE account can be opened online. NRIs can open NRE accounts online with SBI, Axis, HDFC Bank and more. You can check with your bank for the options provided for account opening.

Following are the NRE account opening requirements:

NRE account opening documents:

1. Valid proof of identity:
   • Copy of valid Passport.
   • PAN Card or Form 60 (in case PAN is unavailable).
   • Overseas Citizen of India card, Driving License, or Voter ID.
2. NRI-Status proof documents
   • Copy of Visa. For many countries in the Middle East, a work permit together with a residence card may be sufficient.
   • Work permit, or residence permit indicating the individual's NRI status.
   • Employment visa or residency permit issued by the government of the host country.
3. Valid proof of address:
   • Overseas address proof: utility bills, bank account statements, driving license, government-issued ID card, credit card bill, etc.
   • Indian address proof (if available and optional): Aadhar card, voter ID, driving license, bank statement, utility bill, etc.
4. Other details:
   • Passport size photograph.
   • Initial payment cheque/draft from NRI's foreign bank account for NRE/NRO account or Indian bank account for NRO account.
   • Application for PIS approval (required for stock market investments).

The documents should be attested either by the authorized officials of overseas branches of banks registered in India or notary public abroad or judge or Indian embassy.

NRI account online opening process

• Navigate to the official website of the bank of your choice and look for the page to open an NRE account.
• Register with basic details: Verify your email address and mobile number.
• Fill in personal information liker your name, date of birth, nationality and passport details.
• Enter your addresses in India and abroad.
• Select account type: Select NRE account.
• Upload required proof of identity and NRI status proof.
• KYC verification: Schedule a video call with a bank representative if this option is available.
• Make the initial deposit as required.
• Once all steps are completed, your NRE account will be activated and ready to use.