Current Affairs - Banking - Discussion

The State Bank of India (SBI) has introduced a TAB-based, fully digital onboarding process for Non-Resident Indians (NRIs) to open NRE and NRO accounts. Launched on January 2, 2025, this initiative eliminates the need for physical paperwork by enabling digital document verification. It ensures faster account setup and enhances convenience for NRIs. SBI’s commitment to integrating advanced technology into its services highlights its focus on efficiency and customer satisfaction in global banking.