Banking that makes you feel at home
You work hard overseas to fulfill your and your family's life goals. With our Non-Resident Accounts you can take advantage of competitive exchange rates while you grow your savings
in Indian or foreign currency.
Non-Resident External (NRE) Saving Bank Account
Grow your savings with
peace of mind
The NRE savings account lets you transfer your earnings to India conveniently and securely. You 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.
- The account is maintained in INR only
- Account can be held jointly with a Non-Resident Indian
(persons of Indian nationality or origin) / or with a Resident Indian (close relative) on former or survivor basis - You can appoint a mandate holder or authorize a person to operate the bank account on your behalf
- Pay zero tax on the interest earned in your NRE account in India
- Conduct transactions online with 24/7 security via
Internet Banking - Competitive exchange rates available when converting foreign currency into Rupees
Non-Resident Ordinary (NRO) Saving Bank Account
Secure your earnings in India while working abroad
Open an NRO Savings Account to manage and secure your income in India, whether from rent payments, dividends earnings or others.
- The account is maintained in INR only
- Account can be held jointly with a Non-Resident Indian
(persons of Indian nationality or origin) / or with a Resident Indian on former or survivor basis. - Conduct transactions online with 24/7 security via Internet Banking
- RBI allows repatriation only for i) current income ii) up to USD 1 (one) million per financial year (April-March), for any bonafide purpose after payment of applicable taxes.
- Is taxable under Indian Income Tax Act.
- You can appoint a mandate holder or authorize a person to operate the bank account on your behalf
- Transfer funds from an existing NRO/NRE/FCNR Account held in other banks.
- Competitive exchange rates available when converting foreign currency into Rupees
Resident Foreign Currency Account (RFC)
Earn high returns on funds you hold in foreign currency
The Resident Foreign Currency Account (RFC) gives you the opportunity to earn high returns on all funds you hold in foreign currency without the risk of foreign exchange conversion. Your INR savings can also be converted to foreign currency and kept in an RFC.
Credit your RFC account with the entire amount you saved while an NRI, with the ability, ease and flexibility to remit, repatriate and hold your savings in India depending on your preferences and residential status.
- Flexibility in opening account in multiple currencies
(US Dollars (USD), Pounds Sterling (GBP), Euro (EUR) & Japanese Yen (JPY)) - Withdraw foreign currency as required
- Protection for your savings against exchange rate fluctuations
- No ceiling on the maximum amount you can deposit into the account
- Account can be held jointly by eligible returning NRI
Take your savings further
Earn attractive returns on your savings and enjoy a host of banking services that suit your lifestyle with our Fixed Deposits and Recurring Deposits.
Remittance
Send the funds to meet your family's day-to-day requirements
DirectRemit
Send the funds to meet your family's day to day requirements and future goals quickly and with complete peace of mind
Telegraphic Transfer
Transfer money from your Emirates NBD or other bank account overseas to India quickly, easily and securely.
Useful Links & Documents
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