| Mode of account opening | ||
|---|---|---|
| Features: | Paperless | Physical |
| Time taken to open the account | 2 working days | 2 working days from the date of receipt of physical form |
| Convenience | Scanned images of all documents to be uploaded | Physical copies of all documents to be couriered |
| Go-Green Initiative | Contributes significantly since almost no print-outs required | Physical copies of all documents to be couriered |
| Type of accounts feasible | Only NRE and NRO Savings account | All accounts including conversion of existing accounts |
| Country of Residence of the applicant(s) | All applicants have to be from USA | Primary applicant needs to be from the permissible list of countries other than India. Co-applicant can be a resident Indian |
| Minor account | NA | Feasible |
| Addition of mandate holder | After the account is opened | Feasible along with the account opening process |
| Addition of nominee | After the account is opened | Feasible along with the account opening process |
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