At a Glance

DBS Treasures NRI Savings account is the one-stop solution for the Global Indian working abroad. Non-resident Indians (NRI) can open an NRI Savings Account that can either be an NRE or an NRO account, and continue saving in Indian currency. Furthermore, with our team of in-house experts at DBS Bank, you can conveniently access your money and take care of your banking and savings requirements.

Keep your money working

Earn up to 5% interest p.a. 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 and Benefits

With a DBS Bank NRI Savings Account, you will have the following features and benefits

Easy to open: Opening an NRI Savings account at DBS Bank is convenient. You can even open the account by filling out a form online, taking a print, self-attesting all the necessary documents and giving it to the nearest DBS Bank branch.

FCNR deposit: At DBS Bank, you have the advantage of booking foreign currency deposits, which basically means that if you want to save your money in foreign currency, then you can book FCNR and earn interest in the currency of your choice.

Tax benefits: Interest earned in NRE account is exempt from Indian income tax, while interest earned in the NRO account is subject to TDS as per income tax regulations.

Through DBS Bank's NRI Savings account, you can open one of the following

 

NRE Savings Account

With DBS Treasures Non-Resident External Savings Accounts, you can deposit your funds in foreign currencies and so on and withdraw in Indian Rupees. Funds in this account are fully repatriable

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 high interest rates of up to 5% p.a. on NRE Savings Account
  • Funds maintained in NRE Savings Account and deposits are fully repatriable
 

NRO Savings Account

DBS Treasures Global Indian Non-Resident Ordinary Rupee account is designed to help Global Indians manage their earnings in Indian rupees while they are based abroad. It is the ideal choice for you to park income earned from rental property, mutual fund dividends, pension, fixed deposits and similar other sources in India.

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 up to 5% p.a. on NRO Savings account
  • 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

Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555
 

Frequently Asked Questions

You can open either an NRE Savings Account or an NRO Savings Account with DBS Bank.


DBS offers a high interest rate of up to 5% p.a. on NRO and NRE Savings Account.

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