|
|
|
|
|
NRI Services - NRE & NRO Savings Account
DBS Bank offers you a power packed Savings Account with convenient features and charge-free NRI banking options. So now you can bank and transact without the stress of having fees levied on your transactions.
Visit our forms page or email us at customercareindia@dbs.com for more info including FAQs, statutory documents and application forms.
| Non Resident External Savings Account (NRE) |
Non Resident Ordinary Savings Account (NRO) |
| Purpose |
| Meant for foreign exchange earned outside India and transferred to India. |
Meant to keep the money you earn or acquire in India before and after becoming an NRI. |
| Currency |
| Indian Rupees |
Indian Rupees |
| Minimum account opening amount |
| INR 10,000 (Urban) |
INR 10,000 (Urban) |
| INR 5,000 (Semi-Urban) |
INR 5,000 (Semi-Urban) |
| Interest Rate |
| To know latest interest rate. Click here |
To know latest interest rate. Click here |
| Repatriation Transferring money from India to foreign country |
| The Principal and interest earned are fully repatriable |
RBI allows repatriation only up to one million USD per financial year for bonafide purposes (e.g. education, medical expenses etc) |
| Taxation |
| Interest earned is exempt from tax (i.e tax-free) |
Interest is taxable under Indian income tax |
| Joint Account |
This account can be held jointly with other
non-resident Indian(s). |
This account can be held jointly with resident or
non-resident Indian(s). |
| Mandate holders |
| An Indian resident can be authorized to operate the account and is provided with an ATM card for the account |
An Indian resident can be authorized to operate the account and is provided with an ATM card for the account |
|
|
|
Charge Schedules
Tariff for saving account
Banking Forms
|
|
|
|
|