NRE v/s NRO Accounts: Choosing the Right Savings Account for NRIs
IDFC FIRST Bank
A NRI bank account is a multifaceted tool which allows you to transact in India. Plus, there are many benefits too. Know what they are.
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Easy transactions
With an NRI bank account you can invest in different avenues in India. You can also send and receive money from India through the account.
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Interest earning
NRI accounts offer attractive interest rates on the balance maintained in the account. This interest is credited monthly and adds to your savings.
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FEMA mandate
As an NRI, an NRE or an NRO bank account is a must for carrying out transactions in India. Your resident account becomes invalid as your residential status changes.
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Tax benefits
With an NRE and FCNR bank accounts, you can enjoy tax exempted interest on your deposits. This makes NRI bank accounts tax-efficient too.
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Easy repatriation
NRE bank accounts allow you to repatriate your funds fully and freely. The repatriation is easy and flexible.
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Choose IDFC FIRST Bank’s NRI Accounts. Unlock interest up to 7% p.a. with monthly credits and a privileged banking solutions designed just for you.