Readiness review
The file checked before the signatory books a flight.
India
Corporate bank account
A Saudi bank account for your Indian-owned company, ready for the ODI remittance
Your ODI capital needs somewhere to land, and the Saudi account is also the evidence your AD bank will ask for. We build the bank file, our own employee in Saudi Arabia books and attends the appointment, and your signatory makes one trip.
- One trip for the signatory
- Evidence for your AD bank
- Fixed fee, scope in writing
The short answerAn Indian-owned Saudi company opens its corporate bank account after the Commercial Registration, with the CR, articles, MISA certificate, National Address and signatory IDs. The ODI capital is usually remitted through your AD bank once the account is open, and the Saudi papers then serve as the evidence of investment due within six months.
Account to evidence
From the bank file to your ODI evidence
For an Indian-owned Saudi company the bank account is also an ODI milestone. The capital goes out through your AD bank once the account opens, and the Saudi papers become your evidence of investment within six months. The account itself can only open after the Saudi subsidiary is registered.
- 1Saudi Arabia · usBank file preparedCR, articles, MISA certificate, National Address, IDs.
- 2Saudi Arabia · usAppointment bookedBy our own employee in Saudi Arabia, who attends with you.
- 3Saudi Arabia · youSignatory visitThe one trip the bank asks for.
- 4India · AD bankODI remittanceWith the UIN already in place.
- 5India · AD bankEvidence of investmentSaudi registration papers, within six months.
The bank file
What a Saudi bank asks an Indian-owned company for
A Saudi bank asks an Indian-owned company for its Saudi registration papers and signatory IDs, plus a source-of-funds file. For an Indian parent, that file is the ODI route and the parent's own statements.
Commercial RegistrationFrom the Ministry of Commerce
Articles of associationWith signing powers
MISA certificateShowing Indian ownership
National AddressSaudi Post registration
Signatory and shareholder IDsPassports; apostilled papers for the Indian parent
Source of fundsThe ODI route and the parent's statements
Bank services
Banking services for Indian-owned companies
Our bank work for Indian owners ties the Saudi account to your ODI calendar, so the UIN, the remittance and the six-month evidence deadline arrive in the right order.
Appointment and attendance
Booked in Saudi Arabia by our employee there, who comes along.
Remittance timing
Aligned with your UIN and your AD bank.
ODI evidence pack
The Saudi papers your bank needs within six months.
Signatories and access
Online banking, limits and approvals.
The rules on both sides
The RBI and SAMA rules behind the account
Two regulators shape an Indian-owned Saudi account: the RBI, whose 2022 overseas investment directions set the UIN and six-month evidence rules, and SAMA, which told Saudi banks in 2023 to accept apostilled foreign documents.
6 monthsTo give your AD bank evidence of investment, or the remitted funds must come backRBI Master Direction, Overseas Investment
1 AD bankHandles every transaction for the Saudi company, and remits only after the UINRBI Overseas Investment Directions
Oct 2023SAMA told banks to stop rejecting apostilled papers for lacking a MOFA stampSAMA Rulebook
Form FCFiled through your AD bank to obtain the UIN before the first remittanceRBI Master Direction, Overseas Investment
Banking questions from India
Saudi bank accounts for Indian owners: your questions
Does the signatory have to travel?
The signatory usually travels once, because Saudi banks normally meet the authorised signatory in person.
When does the ODI money leave India?
Usually once the Saudi account is open, with the UIN already issued by your AD bank.
What counts as evidence of investment?
Documents such as the share certificate or the Saudi registration papers, submitted through your AD bank within six months.
Will the bank accept Indian papers?
Yes, when apostilled. SAMA's 2023 instruction to Saudi banks covers apostilled papers, so your MEA-apostilled documents are accepted.
Can we use two AD banks?
No. All transactions for one foreign entity go through the single AD bank you designate.
Is account approval guaranteed?
No bank can promise that; the bank decides. We guarantee a complete file and a fixed fee.
Across India
Bank files for owners anywhere in India
Everything before the bank meeting is done from India by PDF and video call in IST; the signatory travels once. With the account open, the next step is the Iqama for your Indian general manager. Owners from other countries can use our Saudi corporate bank account guide, and the India overview shows the full route.
MumbaiRemittance via your AD bank
Delhi NCRRemittance via your AD bank
BengaluruRemittance via your AD bank
HyderabadRemittance via your AD bank
ChennaiRemittance via your AD bank
PuneRemittance via your AD bank
AhmedabadRemittance via your AD bank
KochiRemittance via your AD bank
KolkataRemittance via your AD bank
JaipurRemittance via your AD bank
ChandigarhRemittance via your AD bank
NRIs in the GulfInvesting money held abroad
India desk · calls in IST
Get the bank file ready before you fly
Tell us the CR date, the signatory and your AD bank. The checklist, with the ODI timing, comes back within one working day.