Mumbai, January 03, 2025: State Bank of India (SBI), the country’s largest bank, has
announced the launch of a TAB-based end-to-end digital on-boarding process for Non-
Resident Indians (NRIs) to streamline the opening of NRE (Non-Resident External) and
NRO (Non-Resident Ordinary) accounts. This initiative was inaugurated by SBI Chairman,
Shri Challa Sreenivasulu Setty and has been made available across SBI branches in India
and select foreign offices, employing digital tools to enhance the efficiency and convenience
of account opening.
The initiative eliminates the need for physical paperwork, enabling a faster account opening
process both at branches and during customer visits by digitally verifying documents,
thereby making the process more efficient and convenient.
Speaking on the launch, Shri Challa Sreenivasulu Setty, Chairman, SBI, highlighted the
transformative potential of the solution, stating, “The introduction of TAB-based end-to-end
digital NRI account on-boarding journey represents a significant stride in leveraging cutting-edge technology to redefine customer convenience. This end-to-end digital solution willdrastically reduce the turnaround time and delivering a truly seamless digital experience.”
This solution underscores SBI's enduring commitment to banking excellence as well as innovation. By seamlessly integrating technology into its services, the bank not only
empowers and meets customers' expectations, but also sets new standards for global
banking efficiency and accessibility.
