YuvaPatrkaar : A big news is coming out regarding those account holders who have their account in SBI. That apart from the people living in India, Indians living abroad i.e. NRI people can also save their money in SBI. Let us tell you that for a long time, appeals were being made for creating accounts in SBI for NRI account and NRO account, for which approval has now been received. Let us know what is the process for opening accounts for NRIs.

SBI started digital facility

Keeping in mind the convenience of its customers, SBI has launched an excellent digital app. Under which opening NRO savings account will now become very easy for NRI people. SBI is the largest bank in the country and its schemes are reaching out to the people digitally with the help of YONO app.

SBI has clearly informed that now customers will not need to rush much to open new accounts. This scheme has been started by SBI mainly for new customers who will now find it easier to open an account. In view of the repeated demand from NRI customers for a long time, SBI has approved this decision.

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What is NRE and NRO

This plan has been started for non-residents external i.e. non-residential outsiders. Now NRI people can also save the money earned abroad by opening an account in SBI.

Let us tell you that along with this, there is another resident in India who also runs an ordinary account, which means Non Resident Ordinary. This account is mainly used by NRI people for their transactions. Such as rent, interest, pension etc.

Now the facility of one stop solution has been made available for NRI people in India. Under which SBI has given a statement that it has taken this step to open a digitalized account. This will help customers to open accounts easily and quickly.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: December 10, 2023

Posted By Sunil

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