From security, easy liquidity, top-notch banking services, competitive interest rates to a host of attractive benefits, IndusInd Bank’s external or non-resident external services NRE savings account offers everything. Moreover, this rupee savings account allows you to park all your foreign earnings in your home country.
IndusInd Bank’s regular NRE savings account allows you to benefit from:
- Minimum average quarterly requirements
- International 24X7 Access Debit Card
- New age savings account solutions
- Effortless use of checkbook throughout India
- Fast, secure and transparent international shipments
- Interest rate of the lucrative NRE account
- Risk-free returns
- Non-taxable interest income
- Rupee savings account with full and free repatriation
Let’s take a closer look at some cool features of the IndusInd Bank NRE Regular Savings Account.
Easy money management
As an NRI, you need to have a safe haven to pool your income overseas and manage your returns on investment in India. With IndusIndBank’s NRE Savings Account, you can do just that and more. Store your funds, make and receive payments, transfer funds from abroad and collect income in India.
Attractive interest rate programs
A savings account offering a competitive interest rate of up to 6% and a minimum balance required? This is the IndusInd Bank NRE regular savings account for you! IndusInd Bank’s NRE savings banking services are specially designed to make your money work for you and your needs easily met.
You earn generous interest on your foreign income parked in your home at premium rates. In addition to that, enjoy the full and free repatriation of your main savings and the amount of interest kept in Indian rupees. This means that the funds in your NRE savings account can be easily converted into foreign currencies. And you can take it back to your favorite overseas location.
But it’s not that ! Instead of holding a high balance, you are only required to maintain Rs. 10,000 to meet the average quarterly balance requirements.
Innovative banking solutions
While you can open an NRE account online with virtually any institution, make the most of it with an innovative NRE savings account at IndusInd Bank. Access premium digital banking services – mobile banking, net banking, video agency services with the regular NRE savings account.
Plus, enjoy a suite of streamlined online and telegraph options to transfer your funds to India. Conveniently use the NRE Savings Account to support your family, fund your investment goals, pay for IMEs, make major purchases, and more at home.
Hassle-free banking in India
At IndusInd Bank you do a lot of banking in India by opening an NRE savings account. Even when you are abroad, the bank allows you to appoint an agent to take charge of the operations for you.
Also, you can open the NRE Regular Savings Account with IndusInd Bank with a Non-Resident Indian (NRI) / People of Indian Origin (PIO) or a resident Indian close relative.
You receive an international debit card allowing 24/7 access to your bank account anywhere in India and abroad. IndusInd Bank also offers a checkbook payable at par for use in India.
In accordance with the tax laws in force in India, interest income earned on the NRE savings account is exempt from tax deductions.
The following are eligible to open an NRE savings account with IndusInd Bank:
- Seafarers of Indian origin / nationality employed by foreign shipping companies
- Students pursuing studies abroad
IndusInd Bank requires that you have copies of the documentation mentioned below:
- Passport pages containing personal and passport details
- PAN card or Form 60 (in the absence of PAN)
- Document confirming Indian or overseas address
- Valid proof of NRI status – Work permit, residence permit, work visa, etc.
- CDC and employment contract (For seafarers)
- Recent passport size photograph
As is evident, the exclusive perks and feature-rich banking services with IndusIndBank’s NRE Savings Account leave little to be desired. Discover the features of the NRE regular savings account here.
If you are ready to park your funds with IndusInd Bank, apply online or visit the nearest bank branch. Connect with an IndusInd Bank representative via net banking, video branch, phone banking, email, WhatsApp, etc.
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