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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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Simplify your finances with seamless banking solutions

Open NRI Account for Indians living in the UK

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  • Higher interest rates  Upto 7.25%
  • Attractive  Rates
  • Dedicated RM  and  24X7 assistance

Overview

For many Indians residing in the UK, managing finances in both their home country and their new residence can be a complex task. One significant challenge they face is opening an NRI (Non-Resident Indian) account, often hindered by stringent requirements and lengthy procedures. Resolving this issue, IDFC FIRST Bank stands out with its dedicated services tailored for NRIs. Committed to delivering superior banking solutions, IDFC FIRST Bank offers a seamless account opening process, designed to simplify financial management for NRIs in the UK.Know more

With an array of convenient features and benefits, including easy online access and competitive interest rates, IDFC FIRST Bank ensures that NRIs can efficiently manage their finances, bridging the gap between their current residence and their homeland.Know less

Key benefits of NRI accounts

Easy account opening process

Easy account opening process

Opening an NRI account with IDFC FIRST Bank is quick and straightforward, allowing you to start banking without unnecessary delays.

Competitive interest rates

Competitive interest rates

Enjoy attractive interest rates that help you grow your savings effectively.

24/7 access to funds

24/7 access to funds

Access your account anytime, anywhere with robust internet and mobile banking facilities.

Fast and efficient transfers

Fast and efficient transfers

Enjoy convenience of zero processing fees and no hidden charges.

Eligibility Criteria

Who can apply?

  • Non-resident Indians
  • Person of Indian Origin (PIO)
  • Overseas Citizen India (OCI)
  • Seafarers working on International Vessels
  • Oil rig employees working on international offshore projects
  • Rig employees working on international offshore projects

Documents required

  • Identity proof: Passport
  • Non-resident status proof (Any one of the following): Visa/PIO card/Foreign passport with PIO declaration/Continuous Discharge Certificate with a valid contract letter for seafarers/resident permit/resident card.
  • Overseas address proof (Any one of the following documents having your overseas address): Passport, driving license, National ID/Government issued ids, Latest utility bill (mobile/gas/electricity/telephone), Latest savings bank statement from a transactional account, Council tax bill, resident permit, voter ID/electoral card.
  • Tax related: PAN/Form 60, FATCA-related fields on the application form.
  • Other documents: Recent colour photograph, an image of your signature (only for online applications)
  • Document certification: When not being met by an IDFC FIRST Bank employee, please ensure your passport and address proof copies are certified by any one of the following entities from your overseas country of residence: Overseas bank with tie up to any Indian Bank | Overseas Branch of Indian Bank |Notary | Court Magistrate/Judge | Indian Embassy
Eligibility Criteria

Features of an IDFC FIRST Bank NRI account

Choose an IDFC FIRST Bank NRI savings account and experience a world of convenience, security, and exceptional service, designed specifically for Indians residing in the UK.

Internet banking

Internet banking

Internet banking

  • Manage your account online with ease anywhere via net banking, track transactions, and transfer funds securely.
Mobile app

Mobile app

Mobile app

  • Access your funds and manage your NRI savings account from anywhere around the world with the innovative mobile banking App offered by IDFC FIRST Bank. You can use the IDFC FIRST Bank mobile banking app to make fund transfers, clear utility and credit card bill payments, as well as shop online!
Debit card

Debit card

Debit card

  • Enjoy an internationally accepted VISA Signature debit card that offers high withdrawal and spending limits to maintain an elite lifestyle. The card also comes with exclusive perks and benefits as well as personal and air accident insurance cover.

Frequently Asked Questions

Can I open an NRI account in the UK with an Indian passport?

Yes, you can open an NRI account in the UK using your Indian passport. The passport serves as a primary identification document, but additional documents such as proof of UK residence and a valid visa are also required.

What are the specific regulations for NRIs in the UK to open an NRI account in the UK?

NRIs in the UK must adhere to regulations set by both Indian and UK authorities. Key requirements include providing proof of non-resident status, valid identification, and address proof of customer’s country of residence. Banks like IDFC FIRST Bank ensure compliance with these regulations, facilitating a smooth account opening process.

In which currency can I open an NRI account in the UK?

NRI accounts in the UK can typically be maintained in Indian rupees (INR) for NRE and NRO accounts, and in foreign currencies for FCNR accounts. IDFC FIRST Bank offers various currency options to meet different financial needs.

Can I repatriate funds from my NRI account?

Yes, you can repatriate funds from NRE and FCNR accounts. Repatriation of funds from NRO accounts is subject to certain limits and regulations. IDFC FIRST Bank provides guidance and support for smooth repatriation processes.

Is an NRI savings account taxable?

Interest earned on NRE and FCNR accounts is tax-exempt in India. However, interest gathered in an NRO account is subject to Indian tax laws. Ensure you comply with both Indian and UK tax regulations, and consult a tax advisor for detailed guidance.

How can I open an NRI savings account with IDFC FIRST Bank?

To open an NRI savings account with IDFC FIRST Bank, you can apply online through the official website or visit a branch. The process is streamlined to accommodate NRIs, with dedicated support available for any queries.

How can I provide my UK address proof for an NRI savings account opening?

For address proof, you can submit documents such as a utility bill, bank statement, or lease agreement from the UK. You can visit the ‘Documents’ section on this page to know about acceptable documents.

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