NRE Savings Account

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NRE Savings Account

Open an IDFC NRE Savings Account to enjoy tax-free interest, easy fund transfers, and global banking convenience. Apply online today!

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Details for NRE Savings Account

The IDFC NRE Savings Account offers tax-free interest, seamless international fund transfers, and 24/7 digital banking. Designed for NRIs, it ensures secure, hassle-free money management with attractive interest rates and global accessibility. Experience effortless banking with IDFC’s trusted services.

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Interest Rate

7.25%

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Withdrawal Limit

2,00,000/-

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Transaction Limit

6,00,000/-

Eligibility Criteria for Opening an Account

  • Non Resident Indians
  • Person of Indian Origin (PIO)
  • Overseas Citizen India (OCI)
  • Seafarers working on International Vessels
  • Oil Rig Employees working on International Offshore Projects
  • Rig Employees working on International Offshore Projects

Additional Benefits

  • Interest calculated on daily balances and paid at the end of every month
  • Convenient options to transfer funds 24/7 without any fee
  • Funds are fully and freely repatriable
  • Free feature rich Visa Signature Debit Card available
  • Complimentary domestic airport lounge access, twice every quarter
  • Personal Accidental Insurance cover of 35L and Air accidental insurance cover of 1CR
  • Free and unlimited ATM transactions: at any bank, anywhere in India
  • Funds in the NRE savings accounts are completely repatriable without any constraints. Transfer all your deposits in your NRE account to your bank account in the country of your residence without any hassles.
  • IDFC FIRST Bank offers competitive interest rates on NRE accounts. Enjoy better returns on your foreign earnings and grow your wealth quickly.
  • Interest on NRE Savings Account are exempt from taxes in India. Your capital gains are completely tax-exempt in India.
  • Transfer money to and from your NRE savings account to your bank in your country of residence without any fee or charges.
  • Assign a mandate holder from your family member in India to run the bank account on your behalf
  • IDFC FIRST Bank offers you the flexibility to open a joint account with another NRI or a Resident Indian on former or survivor basis
  • Enjoy an internationally accepted VISA Signature debit card that offers high withdrawal and spending limits to maintain your elite lifestyle. The card also comes with exclusive perks and benefits and accident insurance.
  • Access your funds and manage your NRE Savings Account from anywhere around the world with an innovative mobile banking app offered by IDFC FIRST Bank. Get various banking services such as fund transfers, utility and credit card bill payments, and online shopping with the easy-to-use mobile app.

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