
Here are some important features related to some of the top NRE Saving Account for Non-Resident Indians in 2023.
- Axis Bank NRE Saving Account
- The average minimum balance in an NRE Axis bank account is Rs. 10,000.
- NRE deposit rates for Axis bank start from 6.75% for 1 year.
- Axis FD rates calculator
- The account can be operated jointly by an Indian resident on behalf of the NRI.
- The account can be managed easily through net banking.
- Axis bank Official Website
- Bank of Baroda NRE Saving Account
- The average minimum balance in an NRE Bank of Baroda account is Rs. 50,000 per quarter.
- NRE deposit rates start from 6.75% for 1 year.
- FD rates BOB
- 24-hour net banking facility available.
- Tax exemption is available on the interest earned on NRE income.
- BOB bank Official Website
- Canara Bank NRE Saving Account
- The average minimum balance in an NRE account is Rs. 1,00,000.
- NRE account deposit rates start from 6.90% for 1 year.
- FD rates in Canara Bank
- Various other deposit schemes are available for NRIs.
- The nomination facility is available in the Canara bank NRE account.
- bank Official Website and Form
- Citibank NRE Saving Account
- CITI bank do not offer account service in India, Website will redirect you to Axis bank
- bank Official Website
- DBS Bank NRE Saving Account
- Average minimum balance in an NRE account is Rs. 5 lakhs.
- NRE account deposit rate starts from 3.25% for 1 year.
- FD rates in DBS
- A nomination facility is available and it also offers the facility of 2 or more joint account holders.
- Internet banking facility is available for all the account holders.
- bank Official Website
- HDFC Bank NRE Account
- The average balance in an HDFC NRE account is:
- Rs. 10,000 in urban cities
- Rs. 5,000 in rural areas
- NRE account deposit rate starts from 6.60% for 1 year.
- FD rates in HDFC
- Internet banking facilities and international debit cards are available for all NRE account holders.
- bank Official Website
- The average balance in an HDFC NRE account is:
- ICICI Bank NRE Account
- The average minimum balance in an NRE account is Rs. 10,000.
- The interest rate starts from 6.70% for 1 year.
- FD rates in ICICI
- Tax exemption and full repatriability of funds available in India.
- Internet banking facility available for all.
- bank Official Website
- Kotak Mahindra Bank NRE Account
- RBL Bank NRE Account
- RBL is not very friendly bank for NRI, Not recommended
- Most of the website is not accessible in some countries
- The average minimum balance of the NRE account is Rs. 50,000.
- The interest rate starts from 5.40% for 1 year.
- Internet banking is available for all account holders.
- International debit card services are also available.
- bank Official Website
- SBM Bank NRE Account
- State Bank of India NRE Account
- The average balance in a State Bank of India NRE account is:
- Rs. 1,00,000 in urban cities
- Rs. 50,000 in rural areas
- NRE account deposit rate starts from 6.8% for 1 year.
- FD Rates
- Internet banking facilities and international debit cards are available for all NRE account holders.
- bank Official Website
- The average balance in a State Bank of India NRE account is:
- Yes Bank NRE Account
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Check you knowledge for Taxation while staying abroad.
Stay away from these banks for NRE Saving accounts
- Citibank NRE Saving Account
- RBL Bank
Contact us , and we will try our best to help you.
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