Manage your finances in India while residing in the United Kingdom with DBS Treasures. Our Non-Resident External (NRE) Savings Account is a perfect fit for you, whether you want to remit funds or make investments in India. Enjoy 100% tax-free interest income with total repatriation of funds with DBS NRE Accounts.
The United Kingdom boasts of some of the best universities and the largest business conglomerates in the world. It is no wonder that the country has a significant immigrant population. A record number of Indians move to the UK each year for better life prospects. Such Non-Resident Indians can continue managing their finances back home in India with DBS Treasures Non-Resident Savings Accounts from UK. As an NRI, you can open NRE Savings account remotely from UK and enjoy benefits like 100% tax-free repatriation of funds, exclusive DBS bank privileges, and more.
You can open NRE Savings Account if you are:
The list of documents required to open NRE Account for Indians staying in UK include:
Open NRE Savings Account online from UK by filling a form on the DBS Treasures website.
A DBS Treasures Relationship Manager will contact you shortly.
DBS Treasures pays interest on Non-Resident External Savings Account at quarterly intervals each year. You will receive interest on your NRE Account deposits on the last day of March, June, September, and December of each year, subject to changes.
Yes, you can. The nominee can be a Resident Indian or NRI. You can assign only one nominee per account. You may also assign a Resident Indian Power of Attorney to conduct basic payments and transactions on your behalf.
Yes, you can open the NRE account in GBP and other foreign currencies. Once deposited the foreign currency is converted to INR at applicable forex rates.