Features & Benefits

• ATM Card : You get a ATM Card for use in India, against your NRO Regular Savings Account
• Free Pay Orders : You can issue pay order from your account, absolutely free of charge
• Free ATM Withdrawal : The NRO Regular Savings account enables you to make Free cash withdrawals at any Visa terminal in India
• Free Payable-at-Par Chequebook : You get a payable-at-par chequebook 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 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 & finance
• Concierge Service : You can avail of the concierge service to meet your financial requirements including tax returns filing, PAN application processing & property registration.

Apply Now for a NRO Regular Savings Account and experience banking convenience at its best!

FAQs related to NRO Regular Savings Account 

• Zero Balance Account : The account is a zero balance account that saves you the hassle of keeping tab of your average balances

Documentation

• Complete 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.

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 / NRO Account?

NRE (Non Resident External)

• 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

NRO (Non Resident Ordinary)

• Currency of funding- Can be funded using foreign currency or Indian Rupees
  
• Tax implication- The interested earned is subject to Tax Deducted at Source (TDS) of 30%+surcharge+edu 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