5 Reasons To Open An NRI Account While Working Overseas

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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.

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Legally necessary

As you become an NRI, you cannot hold a resident savings account. An NRI account is needed if you wish to transact in India.

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Tax benefits

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.

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Portfolio diversification

With an NRI account you can invest in the different avenues available in India and diversify your portfolio across borders.

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Easy repatriation

Savings in the NRE account can easily be repatriated and sent to your resident country. You can bank online and transfer funds seamlessly.

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Attractive returns

Choose the right NRI account and enjoy attractive interest rates on your deposits (FCNR fixed deposits) and account balance (Savings Account).

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IDFC FIRST Bank offers a range of NRI accounts with seamless digital banking. Open a savings account and earn attractive interest on your deposits.

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