Definition of NRE account?

  • Non Resident Indian i.e. An Indian Citizen, who have gone abroad for gainful employment or for carrying on a business or vocation or for any other purpose in circumstances indicating an intention to stay outside India for an uncertain duration)
  • Hassle free repatriation and remittance facility.
  • TAX free interest on deposit.
  • Registration of mandate.
  • Opportunity to invest in Indian investment instruments.
  • Provision of International debit card to withdraw funds.
  • Crew members of Indian nationality or Indian origin can open NRE account.

  • OCI/PIO can open NRE account.
  • NRE Account allows you to receive foreign currency remittance.
  • Denominated in Indian currency.
  • Full Repatriability of Funds outside India.
  • No income tax on interest income.
  • Easy to invest money in Indian investment instruments.
  • Conversion into RFC Account upon return to India.
  • Facilities such as Internet Banking, Mobile banking, locker, nomination is available.
  • Loans are permitted for investment in India.

Proof of NRI status documents

A. For NRI:

Indian Passport with all relevant details along with any one of the below mentioned documents.

  • Valid Visa
  • Work Permit
  • Proof/certificate of residence
  • Employment / Employment Contract copy
  • Residence Permit
  • E-visa


Foreign Passport with all relevant details along with any one of the below mentioned documents

  • OCI Card
  • PIO card
  • Indian Ration Card (Self or Close Relative)
  • Indian Voter ID card (Self or Close Relative)
  • Expired Indian Passport (Self or Close Relative)
  • Marriage Certificate along with spouse’s NRI/PIO status proof
  • Certificate issued by Indian Embassy
  • Relevant pages of Passport of Parents / Grand Parents establishing their Indian Origin.

C. For Seafarer:

Indian Passport with all relevant details along with below mentioned documents

  • Valid Visa
  • Work Permit
  • Valid Job Contract
  • Continuous Discharge Certificate (CDC), if the disembarkation stamp on CDC is not more than 180 months’ old
  • Expired contract letter (if the disembarkation stamp on CDC is not more than 180 days’ old
  • Pay slips evidencing employment with shipping company ( not more than 6 months old)

D. For Students studying in India (NRO a/c only):

Abroad passport containing identity and address of home country along with below mentioned documents.

  • Valid VISA
  • Immigration Endorsement
  • Admission letter from educational institution
  • Current proof of address within one month of account opening
  • For continuation of account beyond 6 months RBI permission is required (FRRO Registration)

E. For Tourists accounts (NRO a/c only):

Abroad passport containing identity and address of home country along with below mentioned documents.

  • Tourist VISA
  • Immigration Endorsement
  • Current proof of address
  • For continuation of account beyond 6 months RBI permission is required ( FRRO Registration)
Proof of Identity: Passport

Address proof document

A. Indian address proof documents Any one of the below mentioned:

  • Indian Passport
  • Aadhaar Card
  • Driving License
  • Voter Identity Card
  • NREGA Job Card signed by officer of state government

B. Overseas address proof documents:

  • Abroad Passport
  • Sale deed agreement
  • Lease deed/rent receipt not more than 3 months’ old
  • Overseas Driving license
  • Company ID containing address
  • ID issued by government mentioning overseas address (PIO, OCI, Green Card, SSN card issued in US)
  • Utility Bills (Mobile, Water, Electricity, Gas from private or public operators not exceeding 2 months prior only)
  • Employment letter/Employer certificate mentioning overseas address
  • Bank Statement of Overseas Bank account or Indian based bank in abroad (max.2 months old)
  • Credit card statement (Not more than 3 months old from date of application)
  • For Indian Diplomat certificate issued by Indian Diplomatic mission stating correct address
  • Identity Card issued by Foreign government
  • Registered Rent Deed
  • Government issued letter mentioning overseas address
  • Work Permit mentioning overseas address
  • OCI/PIO card mentioning overseas address
  • NRIs with seafarer work profile and on ship, can either give employer’s overseas address or Indian address.
  • Council Tax Bill
  • Permanent Resident permit mentioning overseas address: Example of Resident Permit: UAE-Resident Card, Qatar/Oman/ Singapore/Malaysian-Residence card, Saudi Arabia-Resident Permit (Iqaama),
  • In case of joint account with close relative, document evidencing and establishing relation is required.
  • (For NRI with seafarer work profile and on ship, can either gives employer’s overseas or Indian address).

Additional proof for non-face to face customer (who are not visiting our branch for account opening)

Any one of the following:

  • Indian Passport
  • Proof income / Income tax return / Salary slip of applicant
  • Cancelled cheque of overseas bank account of applicant
  • Cheque drawn on overseas bank account of applicant

  • Terms and conditions of the Bank as applicable on NRE Deposit. For complete details, please visit your nearest branch.
  • Benefits and Features:
    • Non-interest bearing account for NRI’s who do not wish to earn interest on their deposits.
    • Nil initial balance.
    • Rupee dominated account.
    • Joint account can be opened.
    • Transfer money from your existing NRE/FCNR account.
    • Amount repatriable to abroad without any restrictions.
    • Remit fund to NRE current account from abroad through wire transfers, FCY cheques/drafts.
    • Power of attorney to local resident can be given.
    • Digital banking services like internet banking and mobile banking are available.
    • Value added services like cheque book, debit cards, standing instructions etc. are available.
    • Nomination facility available.
  • Eligibility:
    • Can be opened by NRI individual/PIO
    • OCB aren’t eligible to open this account


Status proof

Valid visa /Work permit

For Sea Farer: Continuous Discharge certificate (CDC) with valid job contract letter (Disembarkation stamp on CDC is not more than 6 months old)

For PIO/OCI holders, any one of the following documents are required:

  • Valid PIO card mentioning overseas address
  • Valid OCI card mentioning overseas address
  • Any other documents evidencing and establishing PIO relation.

Identification proof Passport
Current address document (Overseas)
  • Passport (Mentioning overseas address)
  • Letter from employer, offer letter
  • Government issued ID card
  • Valid permanent driving license
  • Utility bill (Electricity, Telephone, Gas) from private or public operators not exceeding 2 months prior to application
  • Original copy of latest overseas bank account or existing NRE/NRO account statement carrying overseas address, not exceeding 3 months prior to application.
  • In case of joint account with close relative, document evidencing and establishing relation is required.
  • For seafarer : Employer’s overseas address or Indian address
Permanent address proof (Indian/Overseas)

Anyone of the following:

Aadhaar, Bank account statement, Passport, Driving License, Voter Identity Card, NAREGA Job Card, Passport for PIO and OCI

Document attestation for NRI’s living abroad in case document is sent by post and the prospect is not personally present in the branch. Copies of the documents related to Address Proof and Identity proof to be attested by:

  • Authorized officials of overseas branches of Scheduled Commercial Banks registered in India,
  • Branches of overseas banks with whom Indian banks have relationships,
  • Notary Public abroad,
  • Court Magistrate,
  • Judge,
  • Indian Embassy/Consulate General in the country where the non-resident customer resides.

  • Other documents:
    • Account opening form
    • FATCA declaration
    • FORM 60 (In absence of PAN)
    • TIN
    • 2 passport size photographs
  • Canara Platina NRE Account with Premium Features

    Minimum CASA Balance Requirement

    Minimum Monthly Average Balance (MAB) of Rs.1.00 lakhs

    Debit Card

    No charges for debit card issuance, annual debit card fee, debit card PIN regeneration

    ATM Cash Withdrawal

    Rs.1,00,000/- per day

    POS limit

    Rs.5,00,000/- per day

    Number of ATM transactions

    Free and Unlimited from Canara Bank and other bank ATM in India

    Credit Card

    No charges for Issuance and Annual Maintenance


    No charges

    SMS/E-mail alert

    No charges for SMS/ e-mail alert

    Internet Banking

    No charges for reset of Internet Banking Password

    Mobile Number, E-mail, Address

    No charges for modification in Mobile Number, E-mail, Address.

    Certificate charges

    No charges for Interest Certificate, Balance Certificate, Address Confirmation, Attestation of Signature, Address, Photo etc.

    Cheque collection

    No charges for cheque collection (local/outstation)

    Demat Account

    Nil opening charges and AMC

    Details to be shared with Canara Bank Securities Limited while opening the account for waiver of charges

    Standing Instruction

    No charges

    Statement of account

    No charges for SB account statement through e-mail.

    *Personal Accident Insurance Coverage

    Rs.10.00 lakhs

    *Air Accident Insurance Coverage

    Rs.100.00 lakhs

    Cardholder can claim against a maximum of 2 cards and coverage will be applicable to primary card holder only.

    *Lounge Access

    International: 2 visit for self + 2 for Guest Per Year
    Domestic : 2 per Quarter for Self +1 Guest Visit Per Quarter

    Demand Draft Issuance

    No charge

    DD Cancellation

    No charge

    Duplicate DD

    No charge

    DD Revalidation

    No charge

    Stop Payment charges

    No charge

    Retrieval of Old records

    No charge

    ECS/NACH mandate registration charges

    No charge

    ECS return

    No charge (Other than the reason “Insufficient Fund”)

    Cheque return (Inward / Outward)

    No charge (Other than the reason “Insufficient Fund”)

    Locker Rent

    50% concession irrespective of locker size

    Locker Operations (Unlimited)

    No charges

    Preferential exchange margin on Inward Remittance (USD/INR)

    5 paise

    Processing Charges on Retail Loans

    50% concession in Housing Loan, Mortgage Loan and Vehicle Loan

    *Applicable for issuance of World Platina debit card. Apply now

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    Last updated on 17-08-2023 06:10 PM

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