Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account

Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account Eligibility Criteria:

1. For the Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account, PIOs, NRIs, all Indian Government employees with diplomatic passports, Indian national Seafarers, Indian students pursuing studies in foreign countries, and Indians employed by overseas shipping companies are eligible.
2. To be eligible for the Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account, Non-Resident Indians (NRIs) have to meet certain criteria:
   1. Should be staying outside India for employment purposes.
   2. Or the NRI 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 for the Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account:
   1. Is a spouse of an Indian citizen.
   2. Should have held an Indian passport at one point in his/her life.
   3. Either the parents or grandparents of the customer should have been a citizen of India.

Documents Required for Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account

For Non-Resident Indians:

1. NRIs have to submit their passport as proof of identification and address. The passport should contain:
   1. The name of the candidate
   2. Photograph of the customer
   3. Date and place of birth
   4. Date of issue and expiry of the passport
   5. Address
   6. 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. 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.

For those applying to open a Kotak Mahindra Bank Non-Resident Ordinary (NRO) Savings Account overseas, the documents mentioned above have to be attested either by a Notary Public Authority, an overseas bank official, an official at an Indian Scheduled Commercial Bank, 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 Ordinary (NRO) Savings Account in any local Kotak Mahindra Bank branch, listed below are the documents required:

1. Photocopy of passport.
2. Either a residence permit or work visa copy.
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 the customer'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, a Notary Public Authority, or by an Indian diplomatic mission in the applicant's country.

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. 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.
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 Ordinary (NRO) Savings Account Fees and Charges: