At a Glance

Keep your money working

Earn 4% interest on your savings account

Remit funds to and from India

Remit money in your Indian account and manage your India earnings

Enjoy bespoke privileges

40+ privileges with DBS India account

 

Features & Benefits


Non-Resident External (NRE) Accounts

A Non-Resident External (NRE) Account offers customers opportunity to deposit overseas earnings remitted to India and converted to INR. Global Indians can repatriate Indian rupees in foreign currencies.

Features of the NRE Account:

  • Can be maintained as savings account or deposits
  • Interest earned in NRE account is exempt from Indian income tax
  • DBS offers a high interest rate of 4% on NRE savings accounts
  • Funds maintained in NRE Savings Account and deposits are fully repatriable

Non-Resident Ordinary (NRO) Accounts

NRO accounts are useful for Global Indians to manage their earnings in India. The account helps in conveniently depositing Indian earnings from rent on owned properties, dividends and returns from investments, pension or other sources of income.

Features of the NRO Account:

  • If foreign currency is deposited in the NRO Account, it is converted to INR as per prevalent forex rates. All withdrawals are made in INR only
  • Can be maintained as savings account or deposits
  • We offer a high interest rate of 4% on NRO Savings Sccount
  • Interest income is subject to deduction of tax at source
 

How to Apply

Non-Resident External (NRE) Account
Sign up for a Non-Resident External (NRE) Account

Apply now
Non-Resident Ordinary (NRO) Account
Sign up for a Non-Resident Ordinary (NRO) Account

Apply now

Contact me
A Relationship Manager will reach out to you
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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