NRI Account And Its Benefits For Indian Students Studying Abroad

Are you an Indian student or a parent of one who’s going abroad for higher education?

If you answered ‘Yes’, an NRI Account is something that you need. Know why

Mandatory requirement

Indian students going abroad are treated as NRIs. They need an NRI account for banking in India as the regular account becomes invalid. 

Easy transfers and remittances

The NRI account can help you deposit or receive fund transfers from India to the foreign country and vice-versa.

Helps manage your finances

If students seek part-time jobs, they can easily use their accounts for salary credits and withdrawals for their lifestyle needs.

Interest earning

NRI bank accounts, like other savings account, offers interest income on the balance maintained. This interest can help grow your savings. 

Tax benefits

If you open an NRE Savings Account, you can also enjoy tax-exempt interest income and save taxes.

IDFC FIRST Bank offers NRI accounts with privileged banking solutions. Enjoy monthly interest credits up to 7% p.a. and attractive exchange rates.