Kotak Mahindra Bank Non-Resident External (NRE) Savings Account

Kotak Mahindra Bank Non-Resident External (NRE) Savings Account Eligibility Criteria

1. For the Kotak Mahindra Bank Non-Resident External (NRE) Savings Account, all NRIs, PIOs, Seafarers of Indian nationality, Indian Government employees with diplomatic passports, Indian students pursuing studies on foreign countries, and Indians employed by overseas shipping companies are eligible.
2. Non-Resident Indians (NRIs) have to meet certain requirements to be eligible:
   1. Staying outside India for employment purposes.
   2. Is officially carrying out temporary assignments on behalf of the Government or Public sector.
3. Persons of Indian Origin (PIOs) have to meet any of the following requirements to be eligible:
   1. He/she should have held an Indian passport at any time.
   2. Either their parents or grandparents should have been a citizen of India.
   3. Is a spouse of an Indian citizen.

Documents required for Kotak Mahindra Bank Non-Resident External (NRE) Savings Account

For Non-Resident Indians:

NRI customers applying for the Kotak Mahindra Bank Non-Resident External (NRE) Savings Account will have to submit the below listed documents:

1. NRIs have to submit their passport as proof of identification and address. The passport should contain the name of the candidate, photograph, date and place of birth, date of issue and expiry of the passport, address and specimen signature.
2. Proof of mailing address - either local or overseas address.
3. Colour passport size photograph.
4. Copy of Visa - either residence or work visa.

Listed below are the documents required for candidates submitting the account form from overseas:

1. Proof of mailing address - either local or overseas address.
2. Colour passport size photograph.
3. Copy of Visa - either residence permit or work visa.
4. Copy of passport containing the name of the candidate, photograph, date and place of birth, date of issue and expiry of the passport, address and specimen signature.

For those applying to open a Kotak Mahindra Bank Non-Resident External (NRE) Savings Account overseas, the documents mentioned above have to be attested either by an overseas bank official, an official at an Indian Scheduled Commercial Bank, a Notary Public Authority, or by an Indian diplomatic mission in the applicant's country.

For Person of Indian Origin (PIO):

For PIOs submitting the account opening form for the Kotak Mahindra Bank Non-Resident External (NRE) Savings Account in any local Kotak Mahindra Bank branch, listed below are the documents required:

1. One photocopy of one's passport containing the name of the candidate, photograph, date and place of birth, date of issue and expiry of the passport, address and specimen signature.
2. Copy of Visa - either residence permit or work visa.
3. Proof of mailing address - either local or overseas address.
4. Colour passport size photograph.

For PIOs submitting the account opening form from overseas, listed below are the documents that would be required to submit.

1. If place of birth is outside India, the applicant would be required to submit either of the following documents:
   1. Copy of Indian passport of spouse.
   2. Copy of Indian passport held by either one's parents or grandparents.
   3. PIO card.
   4. Overseas Citizen of India (OCI) card.
2. Photocopy of passport containing the name of the candidate, photograph, date and place of birth, date of issue and expiry of the passport, address and specimen signature.
3. Recent colour passport size photograph.
4. Copy of Visa - either residence permit or work visa.
5. Proof of mailing address - either local or overseas address.
6. If place of birth is outside India, the applicant would be required to submit either of the following documents:
   1. Copy of Indian passport of spouse.
   2. Copy of Indian passport held by either one's parents or grandparents.
   3. PIO card.
   4. Overseas Citizen of India (OCI) card.

For PIOs applying to open a Kotak Mahindra Bank Non-Resident External (NRE) Savings Account account overseas, the documents mentioned above have to be attested either by an overseas bank official, an official at an Indian Scheduled Commercial Bank, an Indian diplomatic mission , or a Notary Public Authority in the country one is residing in.

For Seafarers Employed with Foreign Vessels:

For seafarers employed with foreign vessels that are submitting the account opening form at any local Kotak Mahindra Bank branch, they would have to submit the documents listed below.

1. Copy of Visa - either residence permit or work visa.

1. One copy of passport containing the name of the candidate, photograph, date and place of birth, date of issue and expiry of the passport, address and specimen signature.
2. Merchant navy declaration of the established contract.
3. Proof of mailing address.
4. Recent passport size colour photograph.
5. The applicant has to also submit a valid contract copy containing the below listed details:
   1. Name of the employee
   2. Employment letter of principal shipping company containing their name and address.
   3. Name of vessel
   4. Name of port
   5. Commencement of contract
   6. Tenure of contract
   7. Salary in foreign currency
   8. Passport number

Kotak Mahindra Bank Non-Resident External (NRE) Savings Account Fees and Charges