1. Can I open a Bank of India NRI account from Singapore?

Although NRI accounts are opened and maintained in India, if you visit the Singapore branch, the bank can help you with the process. Another easy way of opening an account is to do it yourself online.

2. What documents do I need to open a Bank of India NRI account?

You need proof of address, passport, 2 photographs of the account holders and a signature verified by the Indian embassy. All the submitted documents are to be verified and attested.

3. What is an NRO (Non-Resident Ordinary) account?

NRO is a type of NRI account which is mainly used to maintain deposits made with earnings from India itself. You have to pay tax on earnings from NRO account deposits.

4. Does Bank of India allow opening an NRI account online?

Yes. Eligible NRIs can apply for a Bank of India NRI account through the bank’s official online channels. You may also be required to provide some relevant documents or complete some other formalities

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Bank of India in Singapore

Bank of India has a branch in Singapore that offers a range of banking services to businesses and individuals, including Non-Resident Indians (NRIs). The branch in Singapore assists NRIs in availing dedicated NRI banking solutions provided by Bank of India. The branch helps in managing customers' finances in India and provides access to various NRI account benefits.

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Bank of India Singapore Branch Address

Customers who wish to visit the bank can reach the Bank of India at this address. You can also reach out with the contact details given below.

Office Address	158, Cecil Street, #01, #02 Singapore 069545 (near Tanjong Pagar MRT)
Working Hours	Monday to Friday: 10 AM to 3 PM
Phone Number	65- 62220011
Fax Number	65-62271275
Email	boi.singapore@bankofindia.bank.in
Email for Complaints	contactusboisg@bankofindia.bank.in

Bank of India NRI Services

For NRI-related services, customers can seek help from any representative in the Singapore branch. Depending on your request, they can assist you or connect you with the Bank of India in India. The bank has services ranging from savings, deposits, investment plans, and insurance for NRIs.

NRIs can open a savings, current or term deposit account according to their financial goals.
If you are interested in NRI investment options in India, Bank of India has mutual fund options available for NRIs.
Bank of India also offers insurance options like health insurance, life insurance, and general insurance to its NRI customers.
Bank of India's Star Insta Remit service can be used to transfer money to India, but it can be done only in rupees. The Singapore branch also offers SWIFT wire transfers for eligible international remittances in foreign currencies.
Loans against security and home loans, among others, are offered to NRI customers as an NRI account benefit.
Bank of India also has various ancillary services, including internet banking, debit card facilities, and support with account-related documentation.

Conclusion

If you are an NRI seeking any account/ remittance services or investment options, Bank of India offers exclusive NRI services and products that may be useful to you. Customers can use Bank of India’s digital banking services to avail NRI-related services from Singapore itself. You can also visit the branch during working hours in case of any queries.

FAQs

1. Can I open a Bank of India NRI account from Singapore?

Although NRI accounts are opened and maintained in India, if you visit the Singapore branch, the bank can help you with the process. Another easy way of opening an account is to do it yourself online.
2. What documents do I need to open a Bank of India NRI account?

You need proof of address, passport, 2 photographs of the account holders and a signature verified by the Indian embassy. All the submitted documents are to be verified and attested.
3. What is an NRO (Non-Resident Ordinary) account?

NRO is a type of NRI account which is mainly used to maintain deposits made with earnings from India itself. You have to pay tax on earnings from NRO account deposits.
4. Does Bank of India allow opening an NRI account online?

Yes. Eligible NRIs can apply for a Bank of India NRI account through the bank’s official online channels. You may also be required to provide some relevant documents or complete some other formalities

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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

*Past 10 Year annualised returns as on 01-09-2026
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
^Returns as on 10th Jan'25. 18% returns for Tata AIA Life Top 200 for the last 10 years.The past performance is not necessarily indicative of future performance. Source: Morningstar

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