Got more questions?
For any queries, locate the nearest branch.
Locate BranchesTo access the old website
Click Here
-account/current-account---special-non-resident-rupee(snrr)account_mobile-360x400.webp "Special Non-Resident Rupee (SNRR) Account")
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
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
This account comes with a host of unique features:
Related Products
Current Account - Jewellers
- Monthly Average Balance
Monthly Average Balance requirement of ₹25,000/- - Monthly Cash Deposit Limit
Enjoy Monthly Cash Deposit limit @8 times MAB up to maximum of ₹2 crores - Cash Withdrawal
Unlimited with Unlimited for Home Branch, Rs. 50000 per day for Non Home Branch.
Cash Deposit/month:
₹ 2 Cr
Open Instantly
Current Account - Channel One
- Monthly Average Balance
Monthly Average Balance requirement of Rs. 1000000/- (Metro & urban branches) , Rs. 500000/- (Semi-urban & rural branches) - Cash Withdrawal
Unlimited for Home Branch, Rs. 100000 per day for Non Home Branch.
Cash Deposit/month:
₹ 1.2 Cr
Learning Hub
Look through our knowledge section for helpful blogs and articles.
Copyright@ 2025 Axis Bank