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Accounts For You
Easy Savings Account
- Ease of operation
- Access to internet and mobile banking
- Air Accident Cover
- Personal Accident Insurance cover
NRI Prime Savings Account
- Ease of operation
- Family banking facility available
- Air Accident Cover
- Personal Accident Insurance cover
Mariner Account
- Preferential rates on remittances
- 25% discount on online movie ticket purchase through BookmyShow*
- Complimentary Airport Lounge access
- Personal Accident Insurance cover
Priority Account
- Annual benefits worth 50,000 INR
- 25% discount on online movie ticket purchase through BookmyShow*
- Complimentary Airport Lounge access
- Dedicated Relationship Manager
Burgundy Account
- Complimentary Airport Lounge access
- Complimentary movie and event tickets
- Complimentary UBER eVouchers
- Dedicated Relationship Manager
How to Open an NRI Savings Account?
Here's how you can apply for an NRI Savings Account and complete the NRI account opening process
- 01
Register Online:
Click on "Open NRI Account" and register for an NRI Account opening online.
- 02
Virtual Assistance:
After submitting your online application, our virtual account manager will call you to assist with form filling.
- 03
Complete the Form:
Fill in the form accurately, print it out, and sign in the designated places.
- 04
Upload Documents:
Upload the signed application form along with the required and third-party attested Know Your Customer (KYC) documents.
- 05
Document Verification and Pickup:
Once the documents are verified, we will arrange for a complimentary pickup service for the documents.
Note
If you prefer to open the account offline and are currently in India, visit any Axis Bank branch, where an NRI customer care official will assist you with the application and document submission.
NRI Savings Account Interest Rates
The Rate of Interest on funds held in these deposit accounts will be in accordance with the directives issued by the
Reserve Bank of India from time to time.
How does an NRI Savings Account work?
- NRI Account Authorization: An NRI (Non-Resident Indian) account is authorized by the Reserve Bank of India.
- Eligible Individuals: NRIs, Persons of Indian Origin (PIO), or Overseas Citizens of India (OCI) can open an NRI account.
- Account Opening: Eligible individuals should open an NRI account with a financial institution or a bank.
- Income Management: NRIs use this account to keep their income or earnings in India or another country safe and secure.
- Banking Services: Utilize banking services to remit money to dependents, fulfil financial obligations, make investments, and more.
Experience seamless NRI account opening online and enjoy the benefits of an NRI account.
Types of NRI Savings Accounts
There are three different types of NRI accounts that an individual can open as per their financial needs:
Frequently Asked Questions
Every Indian or Person of Indian Origin who is settled abroad or has gone abroad for taking up employment, vocation or studies should have an NRI Savings Account. It makes banking more convenient and accessible fulfilling the basic financial necessity. As NRI customers, most of their time is spent overseas, thus, ease of online banking becomes imperative for a smooth experience. NRI customers should look for banks that offer a full suite of digital options in order to take care of remittances within and outside India, bill payments, debit/credit card facilities, loans, insurance, investments, etc.
a) Yes, for debits from NRE accounts, NRIs can do remittances outside India, transfer to other NRE/FCNR accounts and use the NRE funds for investments in India.
b) Yes, for debits from NRE accounts, NRIs can make local payments, transfer to other NRO accounts and remit their current income overseas. NRIs can make remittances from NRO accounts for up to USD 1 million per financial year for all bonafide purposes.
If you are earning an income outside India and paying taxes in the same country, this income will not be taxed in India. Even the interest earned on an NRE and FCNR account is exempt from tax. However, as an NRI with an NRO account, you will be taxed for the interest earned in your NRO account.
No, an NRI cannot open Resident Savings Account in India with any bank, according to the Foreign Exchange Management Act (FEMA) regulations.
The minimum amount requirement with which you can open an NRI savings account will vary as per the type of Axis Bank account. The minimum monthly balance for the NRI Easy Savings Account, Prime Savings Account & Mariner Account are different.
Having an NRE or NRO account can be a viable option for a Non-Resident Indian since it helps them remit their earnings from another country to India without any hassles. These accounts also help them hold and access the earnings and income made in India through investments in their country of residence.
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