What Is an SBI Account Opening Form?
For a non-resident Indian to open an account in the State Bank of India (SBI), the SBI NRE/FCNR account opening form needs to be filled and submitted to the concerned bank authorities. SBI is one the largest commercial banks in India which offers effortless banking solutions for its customers.
Opening an account in SBI has become completely paperless and does not expect the applicant to physically visit the bank. The SBI personal NRI account can be opened online promptly by filling the online SBI account opening form and submitting it for approval. Once approved, the SBI account will be opened for the requestor and other banking features will be updated for them to access easily.
Information Required for Filling an SBI Account Opening Form
The SBI NRE/FCNR account opening form contains various sections which request some personal as well as banking-related particulars. Some of the information to be filled in the form is as follows.
- Name and other personal details of the NRI applicants
- Account related details like which bank branch the account should be opened
- Overseas and Indian address of the applicants
- Details of the type of account that should be opened.
- Mode of operation details which specifies who should be given priority in operating the account
- Remittance details
- Payment renewal instructions
- Instructions on other banking facilities like ATM-cum-Debit card, Internet banking, etc…
- Signature along with a photograph
- Signature verification by any one of the recognized authorities mentioned in the form
- Passport information
- Declaration format and undertaking of NRI along with signature
- Office use section, which will be filled by the concerned bank officials and has a summary of the account requirements and notes for their internal operations
- Internet banking registration details if Internet banking facility is needed
- Nominee details for the deposits
- The information sheet has details including, personal, occupation, existing credit facilities, other bank relations, assets, and a few other important information
How to Fill SBI Account Opening Form?
Filling the extensive SBI account opening form is straightforward. The below instructions can walk you through the filling process making it furthermore easy.
Step 1 - Open the free SBI account opening form from CocoDoc by clicking on the 'Get Form' button available on this page.
Step 2 - Click on the text box sections to type the texts and number information online with ease.
Step 3 - To choose one from many options, check box fields can be clicked on to highlight the required option.
Step 4 - Dates can be selected by clicking on the calendar icon in the date fields and choosing the right date from the drop-down calendar.
Step 5 - The digital signature feature available on the CocoDoc editor can be used to sign the document online in the signature fields.
Step 6 - Digital photographs can be uploaded in the image sections from your device.
Who Needs an SBI Account Opening Form?
Any Non-Resident Indian (NRI), who needs to open a savings account in the SBI must fill the SBI NRE/FCNR account opening form with requested details and submit it for approval with concerned authorities. As an NRI, a person may wish to invest in India. In those cases, the NRI account with SBI will help them maintain the funds generated in India and abroad separately.
The bank allows people to book deposits in Indian currency as well as foreign currency with a fair percentage of tax-free interest for the savings. This account is also necessary when the person needs to carry out bona fide transactions which are denominated in Indian currency. For all these purposes, an NRI requires an SBI NRI account, which in turn requires them to fill the SBI account opening form.
