- Banking
- Wealth
- Privileges
- NRI Banking
- Treasures Private Client
from UAE
At a Glance
In recent years, the United Arab Emirate of Dubai has become a hotspot for Indian immigrants due to its proximity to India and the innumerable career and growth opportunities it provides. As a Non-Resident Indian in this gulf country, you can open NRE Savings Accounts in UAE to manage your Indian finances.
Choose from two types of NRI Savings Accounts and earn 3% interest on account deposits. Also, enjoy preferential currency conversion rates on remittance to India along with 40+ carefully curated privileges with your DBS Treasures NRI Accounts.
Features and Benefits of NRI Savings Account Dubai, UAE
FCNR Deposits: Securely Book foreign currency deposits and lock-in forex rates without worrying about fluctuating forex rates with DBS’ FCNR Deposits, available in 6 major currencies.
Taxation: Enjoy 100% tax exemption on NRE Account interest earnings. Interest on NRO Accounts is subject to Tax Deduction at Source in India.
Easy to Open: Open NRI Savings Bank Accounts remotely via the DBS Treasures website and with assistance from our team of relationship managers.
NRE Savings Account in Dubai, UAE
NRE Savings Account is an ideal type of NRI Account through which you can deposit your AED earnings and withdraw funds in INR. Funds in the NRE Account are fully repatriable.
NRE Account Features
- Enjoy interest rates of up to 3%* per annum on NRE Savings Account, and conveniently open NRE Fixed Deposits at higher interest rates.
- Fully repatriate your principal deposits and interest earnings amount back to UAE.
- Open the account jointly with another NRI or a Person of Indian Origin and assign a Resident Indian Power of Attorney.
NRO Savings Account in UAE
Manage your Indian income and expenses with DBS NRO Savings Bank Account. Deposit your AED earnings to pay for your Indian expenses like investments, bills, and loan EMI payments. Also, park your Indian income, such as rental income, pension payments, gains from investments etc., in the NRO Account sources with ease.
NRO Account Features
- AED deposited in the NRO Account is automatically converted to INR at the prevailing currency exchange rates.
- Earn interest rates of 3%* p.a. interest rate on NRO Account deposits.
- Maintain funds in the NRO Savings Accounts or open high interest bearing NRO Fixed Deposits.
How to Open NRI Savings Account from UAE
 |
|
|
A DBS Treasures Relationship Manager will contact you shortly
Frequently Asked Questions
Upon moving back to India, you must immediately notify your bank about your changed residency status and convert your NRO Savings Account to a Resident Account. NRE Accounts holders can choose to transfer funds to Resident Foreign Currency (RFC) Accounts for a limited period.
You can open an NRI Account if you are a Non-Resident India, a Person of Indian Origin (PIO) or an Overseas Citizen of India (OCI) Cardholder.
Only a Resident Indian can also hold the Power of Attorney to your NRI Savings Accounts. Such an individual has limited powers restricted to specific payments and transactions per RBI norms.
