Eligibility

An Indian citizen / Non Resident person of Indian Origin residing abroad for the purpose of gainful employment (their source of income should be abroad) or for carrying on a business or vocation or stay abroad indicating an intention for an uncertain duration of stay would qualify to be a Non Resident Indian for the purpose of opening and maintaining Non Resident Bank accounts.

HDFC Bank

NRI Accounts

Non Resident Ordinary (NRO) accounts

These are rupee denominated accounts and can be opened in the form of a Savings or Current Account, or a Fixed Deposit.

Free Personalised Cheque Book

For added security, your cheque book comes with your name pre-printed on it. For your convenience, your cheque book will be mailed to you.

Free ATM Card

When you open a savings account with us, you get a free ATM card, which enables you to conduct various banking transactions such as cash withdrawals, cheque deposits, balance inquiry, mini statements, cheque book requests and mail facilities. You can use your ATM card 24 hours a day, 365 days a year, at our ATMs across India.

24 Hour PhoneBanking

When you open an account at our branches in Mumbai, Kolkata, Chennai, Delhi, Bangalore, Hyderabad or Pune, you can enjoy the convenience of PhoneBanking. You will receive a Telephone Identification Number (TIN), which will enable you to contact the bank and conduct a host of transactions on the phone.

Wide Branch Network/ Intercity Banking

Our state-of-the-art technology enables you to access your accounts from any of our branches across the country. Most branches are also equipped with an ATM, to allow you the flexibility to conduct your transactions after banking hours.

Safe Deposit Lockers

As a NRO account holder, you can avail of our safe deposit locker facilities at select branches. For your convenience, these lockers are available in a variety of sizes. Locker fees will be debited from your Savings Account.

Cluster Deposits

Fixed Deposits are held in units of Re. 1. This allows you to encash part of the deposit amount (in multiples of Re. 1) before the maturity date, while the remaining units continue to earn you interest at the contract rate. Therefore in an emergency, you can withdraw the exact amount you need to minimise the interest loss. There is no limit on the number of units, or the frequency at which you can withdraw units during the tenure of the deposit.

FEATURES

1. Funds in these accounts are not repatriable. Only the interest effective from financial year 1.4.96 and onwards, is fully repatriable. In order to do so, the account holder needs the following:
   • Form RPI, with the certification from a Chartered Accountant
   • Undertaking from the account holder, certified by a Chartered Accountant
   • Form A2
2. Legitimate dues in rupees, of the account holder can be deposited in the account.
3. Tax is deducted at source on the interest earned at a flat rate of 30%.
4. Nomination facilities are available for these accounts.
5. These accounts can be held as joint accounts with other NRIs or other resident Indians.
6. For NRO fixed deposits, the interest rate is the same as that for domestic deposits

UTI Bank

We make NRIs feel perfectly at home

At UTI Bank, we realise that you have special needs. Your banking requirements aren't the same as everyone else's. As an NRI, you need a bank whose products make it easy to manage your money in India. And whose service ensures that you don't spend too much time banking, either in India or abroad.

Our product offerings for NRI include-

Non-Resident External Rupee a/c (NRE)
Non-Resident Ordinary a/c (NRO)
Non-Resident Non Repatriable a/c (NRNR)
Foreign currency non-resident a/c (FCNR)
Resident Foreign Currency a/c (RFC)
Non-Resident (Special) Rupee a/c (NRSR)

CitiBank

Citibank Rupee Checking Account

The Citibank Rupee Checking Account is an unique NRE/NRO savings account with unmatched benefits. It enables you to manage your financial commitments in India most conveniently. You can choose to keep your account in any of our 10 branches in India located at Mumbai, Delhi, Calcutta, Chennai, Bangalore, Pune, Hyderabad, Ahmedabad, Jaipur and Baroda.

What is Citibank Rupee Checking Account

• The Citibank Rupee Checking Account is a 'Rupee Savings Account' held at a branch (of your choice) in India. You can transfer money to this account in U.S $ or any other foreign currency, or in Indian Rupees.
  
  
• The balance in the account earns interest at 4% per annum as a regular Savings Account (governed by Reserve Bank of India)
  
  
• The funds in the NRE Rupee Checking Account are repatriable; which means the balance in the account can be converted into U.S $ or any other foreign currency whenever you want. Interest earned in an NRO Account is also repatriable.
  
  
• To open the Account you need only U.S.$ 1000 or equivalent in foreign currency.On an ongoing basis you need to maintain a monthly average balance of only U.S.$ 1000 equivalent in Rupees.

How your Family in India can access money

• You can designate a Family member in India to get an ATM card (called a mandate ATM card) and check book. You can set a limit on the amount of money your family member can withdraw per month with the ATM card.
  
• Your Family member can withdraw cash at any of the 296 ATM centers in 47 cities in India
  
• Your Family member can also withdraw cash using the check book at the Citibank branch where your Account is held.
  
• In case your Family resides in any city other than the 47 cities where the ATMs are located, your Family member can deposit the Citibank check in their local bank Account. The funds will be credited to their local bank account after the check gets cleared.
  
• Your Family member can also write a check directly payable to any beneficiary of their choice.