The 60-second version
Kuwaiti bank exit needs zero balance certificate, KWD SWIFT to NRE, and closure letter — complete before visa cancel and final gratuity wire.
Final gratuity may credit in KWD — wire before visa cancel and labour card surrender
NBK / KFH serve Gulf expats — request written closure after final salary and end-of-service credit.
KWD wires to NRE need Indian AD bank FEMA declaration; USD leg common for large gratuity balances.
Tax lane: Kuwaiti tax guide for payroll and gratuity exit.
Kuwaiti bank wind-down
| Bank | Currency | Step |
|---|---|---|
| NBK | KWD/USD | Written notice |
| KFH | KWD | Zero balance |
| Gratuity | KWD | EOS wire first |
| NRE | INR/USD | SWIFT receipt |
Closure
EOS credit
Wait for gratuity.
Notice
Written closure request.
KWD wire
SWIFT to NRE.
Closure letter
Zero balance cert.
Schedule FA
Last FY foreign account.
Flow
Kuwaiti bank kit
- Account stmt.
- Closure letter.
- SWIFT.
- Passport.
- EOS letter.
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Gratuity timing
Wire gratuity before account closure — bank may freeze outbound transfer after visa cancel.
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FBAR?
US person — FinCEN 114 if aggregate > USD 10K.
Gratuity wire?
End-of-service payment often credits separately — wait before closure.
Schedule FA?
Declare in last FY you held foreign account.
Visa cancel?
Wire before labour card / visa cancel — branch may block outbound transfer after.
TCS?
Inbound remittance may attract TCS — verify AD bank.
Joint account?
Both holders sign closure.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.