Types of NRI Accounts
NRO Account
The Non-Resident Ordinary Rupee (NRO) Account is ideal for NRIs with Indian income sources and expenses. You can park your income earned in India from sources such as properties rented in India, pension, mutual fund gains and dividends, returns on other investments, etc., in the NRO Account. You can also use funds from the account to pay for expenses and investments in India. Also, repatriate up to USD 1 million in a financial year to AED under the Liberalised Remittance Scheme. The interest income on NRO Accounts is tax deducted at source (TDS).
Open NRO Savings Account
NRE Accounts
Our Non-Resident External (NRE) Account lets you park your UAE earnings into a rupee-denominated account. The AED is auto-converted to Indian Rupees. You can freely and fully repatriate the funds deposited back to the US. Also, repatriate the 100% tax-free interest earned in the NRE Savings Account. Earn competitive interest rates on funds deposited and open NRE and FCNR FDs conveniently. You can open the account individually or jointly with another NRI and assign a Power of Attorney in India.
Open NRE Savings Account