Need info on SBI NRI account for buying flat in Hyderabad:

Yes you can also open a Demat account, which lets you buy and sell stocks in India. It's a great way to invest in the Indian market even if you're not living there.

You can start by visiting the SBI website or downloading their app specifically for NRIs. You'll need to fill out an online form and upload some documents like your passport and visa. It's pretty straightforward.

You can also visit an SBI branch or contact the Indian embassy in your country. They'll guide you through the process, and you can submit your documents there. Just make sure you have all your documents ready to make the process smoother.

Yes, definitely! SBI is one of the largest and most trusted banks in India. They offer competitive interest rates on deposits, which can help grow your savings faster. Plus, they have a lot of branches both in India and in other countries, which makes accessing your money and getting help easier.

Also, SBI provides lots of options like internet banking and mobile banking, which are super handy for managing your accounts from overseas. They make transferring money very straightforward, which is a big plus for NRIs.

Basically NRE accounts are mainly for keeping money earned outside India and you can move this money back abroad if you need to. The interest you earn is not taxed in India. NRO accounts are for money earned in India and this money can't be moved abroad as freely as NRE accounts. Also, the interest earned in NRO accounts is taxable in India.

To put it simply, if you earn money abroad and want to keep it in India, go for NRE. If you earn money in India and want to manage it while living abroad, NRO is the way to go.

Adding to that, these accounts come with benefits like tax-free interest on some accounts and the ability to send money back to India easily. It's like having a financial bridge between India and wherever you live now.