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Open NRI Savings Account

Grow your savings with convenience

Non-resident Indians are often faced with the situation of maintaining an NRI savings account in India. Mainly there are two reasons to open the account: NRI wants to repatriate money earned abroad back to India and / or NRI wants to maintain India-based income in India. NRI has the option to open majorly these two types of NRI account: Non-Resident Rupee (NRE) account and / or an ordinary Non-Resident Rupee (NRO) account. NRO accounts can also be opened by Indian Originals (PIOs) and Indian citizens abroad (OCI).

If you’re an NRI and looking for best bank for NRI account then you can opt for Non-Resident External (NRE)and a Non-Resident Ordinary (NRO) savings account or Seafarer savings account with YES BANK, it comes with so many benefits and defines convenience. You can easily open NRI account online. The NRE and NRO Savings Account offers ease of access (without any hassles) to your money for you and your family back in India.

Explore our accounts designed for your unique needs

 

 

NRE SAVINGS ACCOUNT

NRO SAVINGS ACCOUNT

SEAFARER SAVINGS ACCOUNT

Type of account

NRE Savings Account, it lets you transfer your earnings conveniently to India with complete security. You can always repatriate the funds 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.

It allows you repatriating funds after applicable tax payments to operating the account through the various direct banking channels. Making the experience hassle-free from any corner of the world.

As a seafarer account holder, your job requires you to be away from home for several months at a stretch. Just as a compass helps you to steer at sea, you will need someone to help your finances in the right direction.

Who can open an account?

An Individual NRI can open a Non-Resident External Savings Account. You can maintain your foreign income earned outside India to earn tax-free interest.

A Non-Resident Ordinary Savings Account can be opened or held by an Individual NRI. It is maintained to manage your income earned in India (such as rent, dividends, pension etc.)

Specifically, a Seafarer Savings Account can be opened by an Individual NRI. It is maintained for your foreign income earned outside India (in order to earn tax-free interest).

Currency of the account

Indian Rupees (INR)

Indian Rupees (INR)

Indian Rupees (INR)

Interest Rate

6% p.a.

 

Note:

  • The interest in Savings Bank will be calculated on the daily balances maintained in your account.

  •  

6% p.a.

 

Note:

  • The interest in Savings Bank will be calculated on the daily balances maintained in your account.

 

6% p.a.

 

Note:

  • The interest in Savings Bank will be calculated on the daily balances maintained in your account.

 

Taxation

The interest earned is not liable for/ exempted from Tax in India.

Under Indian Income Tax Act, the Interest is taxable.

The interest earned is not liable for/ exempted from Tax in India.

Benefits

  • You can earn higher interest rate of 6% p.a. with your YES BANK NRI Account

  • Free utility bill payment facility through Net Banking for registered billers

  • Free RTGS/NEFT payment facility through Net Banking

  • Free set-up of Standing Instruction facility etc.

 

  • You can earn higher interest rate of 6% p.a. with your YES BANK NRI Account

  • Anywhere and anytime banking facility for access to any YES BANK branch across India

  • Debit card with access to over 80,000 ATMs across India

  • NRO & NRE Savings account balances are linked together** allowing you the flexibility to maintain combined balances in either of accounts etc.

  • You can earn higher interest rate of 6% p.a. with your YES BANK NRI Account

  • Free RTGS/NEFT payment facility through Net Banking

  • Issuance of Free Demand Draft up to defined limits through Branch and Net Banking

  • Free utility bill payment facility through Net Banking for registered billers

 

YES BANK offers innovative financial solutions, backed by expert advice which in return takes care of your banking and savings requirements. Plus, their rate of interest is 6% on NRI account in India. For more information on Savings account click on https://bit.ly/28jFKwh

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