IDFC FIRST Bank
An NRI bank account is a must, not only for FEMA’s mandate but also for the benefits that it can provide.
Intrigued? Read on.
With an NRI bank account, you can conveniently transact in India.
The account allows sending and receiving money in foreign and Indian currency.
The interest earned from NRE accounts can be freely and fully repatriated making it easy for you to transfer funds to your country.
If you choose the NRE or FCNR bank account, you can enjoy tax-exempt interest income on your savings and deposits.
You can open a joint NRI account with your loved ones allowing them the flexibility to operate the account without being dependent on you.
You can use your NRI account to invest in different lucrative avenues in India and also get the investment returns credited to the account.