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Overview

Managing your overseas earnings can be difficult and stressful. The NRE Regular Savings Account has been designed to meet your specific needs as an NRI. So leave your financial worries to us.

Features & Benefits

  • International Debit Card: You get an International Debit Card that enables you to access your account at any Visa terminal overseas.
  • Free Pay Orders: You can issue pay order from your account, absolutely free of charge.
  • Free Payable-at-Par Cheque Book: You get a payable-at-par cheque book for use in India.
  • Doorstep Banking: This unique facility provides you the convenience of transaction from the comfort of you home, during your visit to India. This facility is applicable for non-cash transactions only.
  • Free SMS Alerts: This facility enables you to track your account on a daily basis. This facility is currently available in 8 international geographies only.
  • Free Internet Banking: The Internet Banking facility enables to you access your account anytime, from anywhere.
  • Free Utility Bills Payment: Using this facility, you can pay utility bills with select utility service providers in India.
  • NEAT (NRI Enquiry Assistance Tracker): A unique service that facilitates you to seek responses to your queries related to banking, taxation, legal and finance.
  • Concierge Service: You can avail of the concierge service to meet your financial requirements including tax returns filing, PAN application processing and property registration.

Documentation

  • Completely filled application form
  • Your photograph
  • Photocopies of the passport showing your passport and person details*
  • Photocopy of your visa/resident permit/work permit*
  • One document indicating your mailing address as mentioned on the application form.*

* All the documents need to be self attested
The above account opening form along with documents can be submitted at your nearest IndusInd Bank in India.

FAQs

How do I open an NRE / NRO Savings Account?

To open an NRE / NRO Savings Account, all you need to do is:

  • Download the application form (Please note that you would need to have Adobe Acrobat Reader installed on your system)
  • Complete the application form
  • Attach a photograph
  • Enclose photocopies of the passport showing your passport and person details*
  • Attach a photocopy of your visa / resident permit / work permit*
  • Attach one document indicating your mailing address as mentioned on the application form.*

* All the documents need to be self-attested. The above account opening form along with documents can be submitted at your nearest IndusInd Bank in India.

How do I choose whether I need to open a NRE (Non Resident External) Account?
  • Currency of funding - To be funded using foreign currency / foreign currency sources (other NRE/FCNR Accounts)
  • Tax implication - Both the principal amount and the interest earned on it is exempt from tax in India
  • Repatriation - The funds in the account can be converted to foreign currency and taken back to any overseas location
  • Joint Account holders - Can be held jointly along with either a NRI / PIO
  • Currency of maintenance - The funds in the account are maintained in India in Indian Rupees
How do I choose whether I need to open a NRO (Non Resident Ordinary) Account?
  • Currency of funding - Can be funded using foreign currency or Indian Rupees
  • Tax implication - The interest earned is subject to Tax Deducted at Source (TDS) of 30%+ surcharge+ education cess
  • Repatriation- The principal amount is not freely repatriable. Conversion and transfer of funds in foreign currency is subject to certain restrictions
  • Joint Account holders- Can be held jointly with either a NRI / PIO or a Resident Indian
  • Currency of maintenance- The funds in the account are maintained in India in Indian Rupees
Does the password have to contain a certain structure?

Yes the password must be at least 6 characters and include at least 1 number

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  • SAVINGS RATES

  • Daily balance upto 1 lac 4 %
  • Daily balance above 1 lac 4 %
  • DEPOSIT RATES

  • NRO - 1 year to below 1 years 2 months 9.25 %
  • NRE - 2 years 6 months to below 2 years 9 months 9 %
Remittance
Remittance

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