IDFC FIRST Bank
Working overseas? You might have an international bank account. Do you need an NRI account in India?
You do! Here are 5 benefits of owning an NRI account.
As you become an NRI, you cannot hold a resident savings account. An NRI account is needed if you wish to transact in India.
If you open a Non-Resident External (NRE) Account or make deposits in the Foreign Currency Non Resident (FCNR) Account, you earn tax-free interest.
With an NRI account you can invest in the different avenues available in India and diversify your portfolio across borders.
Savings in the NRE account can easily be repatriated and sent to your resident country. You can bank online and transfer funds seamlessly.
Choose the right NRI account and enjoy attractive interest rates on your deposits (FCNR fixed deposits) and account balance (Savings Account).