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Special Non-Resident Rupee (SNRR) Account

A non-resident entity having business interest in India can open a Special Non-Resident Rupee Account (SNRR account) with an authorised dealer. This account is required for carrying out bonafide transactions in rupees as per the regulations.

Features & Benefits

  • Business related transactions outside International Financial Service Centre (IFSC) by IFSC units at GIFT city like administrative expenses in INR outside IFSC,INR amount for scale of scrap,government incentives in INR,etc.
  • Trade (Export/ Import) Invoicing in INR
  • External Commercial Borrowings in INR
  • Trade Credits in INR
  • Tax Refunds/Payment in INR
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Fees & Charges

  • Monthly average balance requirement: Metro & urban branches: ₹1 lakh semi-urban and rural branches : ₹50,000
  • Charges for non-maintenance: ₹1,500 if MAB >=50% & ₹2,500 if MAB <50%
  • Unlimited free NEFT/RTGS for domestic transactions
  • Monthly service fee: ₹100
  • Please click here for schedule of charges for Special Non-Resident Rupee (SNRR) Account.

Eligibility & Documentation - Special Non-Resident Rupee (SNRR) Account

Partnership & Above constitutions

Important Links

Current Account Brochure

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Fees & Charges

GST

TDS

Advance Tax
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