Discover IDFC FIRST Bank NRI Banking Service under 3 minutes!

Did you know that there are over 32 million (3.2 crore) Indians living abroad (includes approx. 13 mn NRIS + approx. 18 mn PIOs)? For those of you counted in this figure, whether you are chasing your dreams, pursuing higher education, or seeking better opportunities, you need a reliable and convenient NRI banking solution to manage your finances. 

Here, an NRI account is the key to achieving peace of mind. It allows you to manage your funds seamlessly while staying connected to your roots. And when choosing the right NRI banking service, IDFC FIRST Bank is a great option. So, let us understand IDFC FIRST Bank NRI Banking Services in #Under3minutes.

What are the options for NRI accounts with IDFC FIRST Bank?
 

IDFC FIRST Bank offers the following NRI bank accounts to facilitate smooth financial transactions for those living abroad-

• NRE (Non-Resident External) 
 

NRE accounts are suitable for managing income earned outside India, as they are freely and fully repatriable.

• NRO (Non-Resident Ordinary) 
 

NRO accounts are designed for managing income earned in India, such as rent, dividends, etc. Funds are repatriable, subject to documentation up to a limit of 1 million USD per financial year.

What NRI deposits does IDFC FIRST Bank offer?
 

With IDFC FIRST Bank, you can choose from various deposit options to maximise your returns. These include -

• NRE fixed deposits 
 

Allows you to park your foreign earnings in India, providing attractive interest rates and complete repatriation of funds.

• NRO fixed deposits
 

Enables you to earn interest on your income generated in India, offering flexible repatriation options as per RBI guidelines.

• FCNR (Foreign Currency Non-Resident) deposits 
 

Allows you to hold foreign currencies in fixed deposits, shielding you from exchange rate fluctuations.

Why IDFC FIRST Bank?
 

An IDFC FIRST Bank NRI Savings Account has the following distinctive features -

• Competitive interest rates
 

Attractive interest rates for these NRI accounts help grow your savings.

• Forex services

You can avail of forex services for currency exchange and remittances.

• Wealth management

IDFC FIRST Bank provides personalised wealth management solutions, including cash flow analysis, investment opportunities in mutual funds, and app-based expense tracking, to help you make informed investment decisions.

• Dedicated relationship managers 
 

You have access to dedicated relationship managers who can assist you with queries or requests related to NRI banking.

• Instant PIS facility 
 

IDFC FIRST Bank offers an instant PIS facility for investing in the Indian stock market, providing seamless access to reports.

Experience seamless NRI banking service with IDFC FIRST Bank
 

You can experience the convenience of online NRI banking through -

• Various digital platforms, such as the IDFC FIRST Bank Mobile App, SMS Banking, net banking, and Internet Banking

• Personal banking services, which include branch banking, micro-ATMs, and doorstep banking services

• 24X7 accessibility, allowing you to easily open accounts, transfer funds, and track transactions online at any time

How do I get started?
 

To open an IDFC FIRST Bank NRI Savings Account, you can visit the bank's website and share your details or contact the dedicated NRI banking division. 

Also read - 5 Tips to make the most of your NRI bank account

In conclusion

If you are looking for the perfect NRI banking partner, the IDFC FIRST Bank NRI Savings Account offers an efficient and hassle-free banking experience. Apply now to enjoy the wide range of banking and investment products, attractive features, and dedicated customer support.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.