NRE Accounts

Global Access, Local Benefits—Your NRE Account Awaits!

Effortlessly manage your foreign income in India—no matter where you are. Convert your earnings to INR, enjoy exclusive benefits of our NRI Banking Account, and watch your savings grow right at home!

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Key Features of NRE Accounts

Flexible Account Options

Choose from Savings, Current and Term Deposit Accounts.

Joint Account Facility

Hold a joint account with your loved ones or trusted partners, even if you are overseas.

Repatriation Made Simple

Effortlessly transfer your fund balance to your country of residence without any limits.

Tax Earnings

No tax deduction at source on the interest earned, giving you more control over your earnings.

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Types of NRE Accounts

NRO Savings Account helps you to route your domestic earnings

Savings Account

Secure and flexible transactions with joint account options
Tax-free interest and wealth tax exemption
Global access with ATM, internet, and mobile banking

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Current Account

International debit card with airport lounge access
Individual and joint account options available
Maintain 2 NR Accounts under one ID

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Term Deposits

Full repatriation of balance, with joint account options
Tax-free interest and wealth tax exemption on balance
Access loans secured against your NRE Term Deposit

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Who is eligible to open an NRE Account?

Only NRIs, PIOs, or OCIs are eligible to open an NRE account. According to the FEMA regulations, you qualify as an NR

You reside outside India (excluding Nepal and Bhutan) for more than 182 days in a Financial Year (April-March).
You have provided valid documents demonstrating your intention to reside abroad for an indefinite period. This includes:
- Resident Indians preparing to move abroad for employment.
- Students planning to pursue studies overseas.
- Seafarers working on international ships.