NRI Bank Accounts | NRE/NRO Savings Accounts

For the Global Indian, a Non Resident External and a Non Resident Ordinary (NRO) Savings Account with YES BANK spells convenience. An NRE and NRO Savings Account with YES BANK means ease of access to your money- both for you and your family back in India.

NON RESIDENT SAVINGS ACCOUNT

NRE Savings Account

NRE Savings Account

NRE Savings Account lets you transfer your earnings to India conveniently with complete security. You can repatriate the funds held in the account along with the interest earned at any point of time and you don't even have to pay tax on the interest amount. With a host of direct banking channels available at your fingertips, you can stay in complete control of your hard-earned income abroad

Features & Benefits

•  Rupee denominated Savings Account
•  Funds held in this account and interest thereof is fully repatriable
•  International Debit Card which gives you access to over 1 Million MasterCard ATM’s in India and Abroad
•  Personalized cheque book
•  Mandate facility for your loved ones in India with an ATM card to access your     account while you are away
•  Easy account funding through our alliances with correspondent banks worldwide
•  Internet banking facility for 24-hour access to your account while ensuring     the highest level of security
•  Pay your bills online using our online bill payment facility
•  Enjoy an enhanced spending limit and cash withdrawal limit depending on the     account variant availed.
•  Our inter-city banking facility allows you to bank at any of our branches during your visit to India
•  NRO & NRE Savings account balances are grouped** allowing you the flexibility to maintain balances in either of accounts

Interest

•  W.e.f. December 22, 2011, interest for all rupee savings accounts will be     calculated on the daily closing balances maintained in the account
•  The Interest rate will be calculated @ 7% p.a.* for balance more than Rs. 1 lakh     & 6% p.a.* for balance up to Rs. 1 lakh

Taxation

•  NRE Savings Accounts are exempt from tax in India

*Rates are subject to change from time to time at the sole discretion of YES BANK. For amounts greater than Rs. 1 Crores, please contact the branch / your designated Relationship Manager.
**Grouping facility is solely for the purpose of calculation of Average Quarterly Balance; all other product features remain the same as per product variant