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At a Glance

Deposit your foreign earnings in India with DBS NRE Savings account. As a Global Indian, you may need a special bank account in which you can deposit your foreign currency earnings. 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 can be freely repatriated any time, from anywhere in the world.

Open your NRE savings account individually or jointly with a Non-resident or resident Indian, freely transfer funds from a foreign country to India and earn competitive interest rates on your savings parked in the account. Invest online in mutual funds easily through your NRE Accounts.

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 & Benefits

  • Earn high interest rates of up to 5% per annum on savings parked in the account
  • Principal and interest amounts earned are fully and freely repatriable
  • Transfer money anywhere in the world easily and safely with internet banking services
  • Joint NRE account can be opened along with another Non-resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis.
  • Use your NRE account to make direct investments in India
  • Both principal and interest earned are tax free in India

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Fees and Charges

Click here to view the fees and charges.

 

Eligibility Criteria

Following individuals are eligible to open an NRE Savings Account:
  • NRI (Non Resident Indian)
  • An Indian citizen residing outside India for the purpose of Employment, studies, business or vocation.
  • Individual posted in UN Organisation or official deputed abroad by Government of India or public sector undertakings
  • Indian nationals who may be Mariners or Seafarer working on oil rigs or foreign registered airlines
  • PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)
  • Has held an Indian passport at any point of time
  • Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
  • Is a spouse of an Indian Citizen or spouse of PIO

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Documents Required

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)
  • Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Copy of Indian PAN card or Form 60
  • Recent passport size colour photograph
  • For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)
  • Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Duly signed and filled-in PIO declaration
  • Copy of Indian PAN Card or Form 60
  • Recent passport size colour photograph
 

How to Apply

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Frequently Asked Questions

Your DBS Treasures Global Indian NRI savings account is maintained in Indian rupees


The Total Relationship Value (TRV) must grow to a minimum of INR 30 lakhs in 3 months. This TRV can include savings and term deposit balances; investment (Life Insurance, Mutual Funds excluding liquid funds, Structured Products, Portfolio Management Services (PMS) and Real Estate Funds etc.) and 40% of principal outstanding of mortgage loan availed.


According to the RBI mandate, interest on savings is paid at quarterly intervals each year i.e. on 31st March, 30th June, 30th September and 31st December of every year.


Yes, you can repatriate both the principal amounts parked and the interest earned on deposits in NRE accounts.


No, sums parked in this account and the interest earned are tax free in India.


Yes, you can open a joint NRE Account. The joint account holder can be either another NRI or a PIO and the account can be operated on an either or survivor basis.


Yes, you can open an NRE account by transferring funds from NRO accounts.


Yes, you can register a nominee.


Yes, you can access your NRE account while you are abroad. You can access your account by using the Internet banking, mobile banking and/or phone banking facility offered by DBS.


Yes you can assign a power of attorney to carry out transactions on your behalf; however, he/she can have only limited access to your account.

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