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At a Glance
The United States of America, or the USA, is synonymous as the land of opportunities. It is a melting pot of cultures, with people of different ethnicities and backgrounds residing in every part of the Country. As a Non-Resident Indian in the US, you may need to manage your Indian finances remotely. The best way to do so is through DBS Treasures NRI Accounts. Open NRE and NRO Savings Bank Accounts from Australia to maintain your USD and INR earnings.
NRI Accounts in USA – Key Highlights
- Securely park your US Dollars in DBS’ Rupee-denominated NRO and NRE Bank Accounts in India.
- Enjoy competitive interest rates on your NRI Bank Account deposits and earn higher interest rates on NRI Fixed Deposit investments.
- Avail of convenient remittance services at preferential currency exchange rates as a DBS NRI Account holder.
- Easily open NRI Account online from the USA with assistance provided by DBS Relationship Managers.
- Access your accounts anytime, from anywhere, with DBS’ internet and mobile banking facilities.
Types of NRI Accounts at DBS Treasures
NRO Account
The DBS Non-Resident Ordinary (NRO) Account is an absolute gamechanger as it allows you to deposit both INR and USD. Whether you want to maintain your Indian income sources like rental income, pension, gains from investments, or pay for expenses in India, the NRO Savings Account is the perfect solution. USD deposited in this NRI Account is converted to INR at applicable forex exchange rates, and you can easily repatriate up to USD 1 million per financial year with NRO Accounts.
NRE Accounts
For NRIs looking for repatriation of funds deposited in their NRI Accounts in India, the Non-Resident External (Rupee) Account is an ideal choice. With DBS NRE Savings Account, you can deposit USD and withdraw it in the US as well. You can also completely repatriate the funds deposited and interest earned without paying any taxes on the interest income. You may further use funds in the NRE Account to create NRE Fixed Deposits and FCNR deposits.
NRI Account from the USA – Easy Account Opening Guide
You can open a DBS NRI Account of your choice conveniently via the DBS Treasures website by filling a short form. A DBS Relationship Manager will help you with the online account opening formality. Ensure you get your documents like Indian and US ID, Address proof, valid work visa, residency permit, etc., attested by the US Embassy before you open NRI Account online.
How to Open NRI Account for Indians in the USA?
Open NRE Account | Click Here
Open NRO Account | Click Here
Frequently Asked Questions
Yes, both Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI) can open NRI Accounts at DBS Treasures.
At DBS, interest on your NRE Account is paid every quarter, on 31st March, 30th June, 30th September and 31st December every year. The bank reserves the right to modify the schedule of interest payment.
No, you may only deposit foreign currencies in NRE Accounts. If you wish to deposit both INR and foreign currencies, you should open an NRO Accounts.
