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NRI Accounts

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Non Residents accounts are opened by Banks. NRI accounts can be

  • Rupee accounts
  • Foreign currency accounts

Savings Accounts

The NRE savings account to transfer Non-Residents earnings to India conveniently and securely. Can repatriate the funds held in the account along with the interest earned at any point in time without paying tax on the interest earned.

Features / Facilities available

  • Can appoint a mandate or authorise a person to operate the bank account
  • No tax payable on the interest earned in NRI account in India
  • Nomination facility available.
  • Debit Card, Internet Banking, Transfer of funds within India thro RTGS/NEFT, Outward Remittance facilities available.

Non Resident Indian can open NRO Savings Account or designate / covert the existing Savings Account to NRO Savings Account upon becoming a Non Resident. NRO Saving Account can also be opened jointly with a Resident Indian. NRO accounts are used for depositing the local income such as rent, dividends or any other income generated in India.

Features / Facilities available

  • NRO Saving Account can also be opened jointly with a resident Indian.
  • Nomination facility available.
  • Debit Card, Internet Banking, Transfer of funds within India thro RTGS/NEFT, Outward Remittance facilities available.

Smart Saver RD Accounts

The NRE Smart Saver RD Account is recurring deposit account, where you can invest a fixed amount of your income on a monthly basis for a fixed tenure, ranging from 1 to 5 years, and is a systematic smart that is not only smart way of saving money, but it also gives you the opportunity to grow it at high interest rates.

  • Minimum Deposit Amount – INR 10,000/-
  • Installment Amount -From INR 1,000/- per month
  • Tenor- 1 to 5 years

Documentation:

  • Set of Passport copy (First Page and last page) –All the pages to be self-attested by the applicant
  • Visa Copy
  • PAN Card Copy / Form 60
  • Color photographs pasted on application form
  • Address proof of communication address (like Utility bills, Electricity, Phone, Bank or card statement etc.)
  • Initial Deposit

The NRO Smart Saver RD Account is recurring deposit account, where you can invest a fixed amount of your income on a monthly basis for a fixed tenure, ranging from 1 to 5 years, and is a systematic smart that is not only smart way of saving money, but it also gives you the opportunity to grow it at high interest rates.

  • Minimum Deposit Amount- INR 10,000/-
  • Installment Amount- From INR 1,000/- per month
  • Tenor- 1 to 5 years

Documentation

  • Set of Passport copy (First Page and last page) –All the pages to be self-attested by the applicant
  • Visa Copy
  • PAN Card / Form 60
  • Color photographs pasted on application form
  • Address proof of communication address (like Utility bills, Electricity, Phone, Bank or card statement etc.)
  • Initial Deposit

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Interested in Opening an Account? Contact Us