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<\/figure>\n\n\n\nHow to Open NRI Account in Canara Bank?<\/h2>\n\n\n\n
You can follow these steps to open your NRI Account in Canara bank-<\/p>\n\n\n\n
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- Visit your nearest Canara Bank Premises and ask the bank representative for an account opening for the NRI account<\/li>\n\n\n\n
- The bank representative will provide you with the account opening form which you\u2019ll have to fill with details like name, address, Aadhar card, PAN card details, etc.<\/li>\n\n\n\n
- After filling in the details, you\u2019ll have to attach the documents mentioned below along with the initial deposit amount<\/li>\n\n\n\n
- Now, submit the form with documents and amount to the bank representative<\/li>\n\n\n\n
- The bank representative will process your request and convey you about the status and forward the request further<\/li>\n\n\n\n
- After successful processing of the request, your account will be created and you\u2019ll be notified about that<\/li>\n\n\n\n
- Now, within 7 working days, you\u2019ll also receive the Canara Bank starter\u2019s kit with a Debit card, Cheque book, etc.<\/li>\n\n\n\n
- You can start using them after activation like Mobile Banking activation<\/a>, net banking activation<\/a>, and Debit card activation<\/li>\n<\/ul>\n\n\n\n
Documents Required for NRI Account in Canara Bank?<\/h2>\n\n\n\n
The following are the documents required for opening an account in Canara Bank-<\/p>\n\n\n\n
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- ID Proof \u2013 Photocopy of Valid Passport<\/li>\n\n\n\n
- ID Proof \u2013 Copy of Permanent Account Number (PAN)\/ Form 60 (in absence of PAN)<\/li>\n\n\n\n
- Proof of NRI Status \u2013 Copy of valid visa\/ work permit \/ Overseas Resident Card<\/li>\n\n\n\n
- Address Proof – Utility Bill, Credit Card bill, etc.<\/li>\n\n\n\n
- Latest Passport size Photograph<\/li>\n\n\n\n
- Initial deposit payment cheque\/ draft from your account<\/li>\n<\/ul>\n\n\n\n
Note- The documents and xerox copies listed above are required to be attested by the authorized officials of overseas branches of the Bank, branches of overseas banks with whom Indian banks have tie-ups, Notary Public abroad, Court Magistrate, Judge, or Indian Embassy\/Consulate General of the country of residence.<\/p>\n\n\n\n
FAQ<\/h2>\n\n\n\n
What are the features of the NRI Account which make it different from a normal savings account?<\/strong>NRI Account allows the Indian citizen to deposit the funds in foreign currency and facilitates the fund transfer into India. You also have an option to convert the foreign currency to the Indian rupee and then deposit that into the account. These kinds of facilities and options are not available in a normal savings account. \u00a0<\/p> <\/div>
Can a foreign citizen of Indian origin open an NRI account in Canara Bank?<\/strong>No, NRI accounts are specifically designed for Indians living outside of India. Foreign citizens who want to open an account with Indian Bank will have to open other types of accounts.<\/p> <\/div>
What is the deposit currency in the NRI Account?<\/strong>The deposit current in the NRI Account can be the foreign currency of the country you are residing in, however, certain NRI accounts also hold the currency in Indian Rupees like the NRO account.<\/p> <\/div>
What is the minimum balance in the Canara Bank NRI account?<\/strong>The minimum maintenance balance for Canara Bank NRI Account is Rs. 1 Lakhs\/- or any equivalent foreign currency.<\/p> <\/div> <\/div>\n