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 email@example.com for more info including FAQs, statutory documents and application forms.
|Non Resident External Savings Account (NRE)
||Non Resident Ordinary Savings Account (NRO)|
|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.|
|Minimum account opening amount|
|INR 10,000 (Urban)
||INR 10,000 (Urban)|
|INR 5,000 (Semi-Urban)
||INR 5,000 (Semi-Urban)|
|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)|
|Interest earned is exempt from tax (i.e tax-free)
||Interest is taxable under Indian income tax|
|This account can be held jointly with other
|This account can be held jointly with resident or|
|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||