NRI Banking

NRI BANKING

NRI Savings Account
Open an NRI savings account with $1000, and enjoy the benefits of a zero balance account. Facilities: minimum balance Rs 1000, power-packed Internet banking, unlimited convenience, 365 days banking, doorstep banking, online bill payment, international debit card with enhanced withdrawal limit, dedicated relationship manager.

FCNR accounts
FCNR deposit of these five leading currencies, US Dollar, Pound Sterling, Euro, Australian Dollar and Canadian Dollar. Earn attractive interest rates in the foreign currency of your choice. A wide range of deposit tenures, from 1-5 years. Avail of a rupee overdraft of up to 90% of your FCNR deposit value held in units of 1,000.

NRE Savings Account
Non-Resident External Account is the perfect choice to maintain in rupees. This savings account requires you to keep an average quarterly balance of Rs 5,000 only. You have the choice to open this account jointly with other NRIs. You can easily transfer money out of India, your balances held in the NRE Account.

Tax Benefits For NRIs
Interest on NRE & FCNR deposits are free of income tax. 
Tax @ 30% will be deducted at source on all interest income in NRO accounts. On permanent return to India, income on all investments out of foreign exchange funds would be eligible for a flat tax rate of 20% (excluding surcharge) till maturity of the investments.

NRO Savings Account
If you have any investments in rupees, you also get the advantage to route these out of India. Open an NRO account jointly with an Indian resident, get ATM card and give a letter of mandate/POA to your local representative in India, who can operate the account on your behalf. Plus personalised chequebook, Net banking, bill pay.

RFC Fixed Deposits
An RFC Fixed Deposit allows you to hold your deposit in any one of three currencies (US$, , Euro). You can convert your deposit in Indian rupees as and when you require. Protect your deposit from exchange rate risks by holding the monies in one of four foreign currencies. TDS exemption can be claimed.

FCNR Fixed Deposits
Earn Indian Interest rates on your foreign currency deposits in one of three foreign currencies - US$, Euro, sterling pounds, Canadian dollars Australian dollars and Japanese yen. Open the deposit jointly with any other NRI. The interest on your deposit is paid half-yearly or annually at your option. Minimum initial deposit $500.

NRI Home Loan
NRI home loans are offered to all NRIs on their return to India for the purchase, construction, repair, and renovation of a house or a composite loan for self occupation. Loan amount minimum amount of the loan is Rs 5 lakh and maximum amount is Rs 100 lakh.

Global Indian Plastic
Eligible applicants: salaried employees and self-employed individuals. Maximum loan up to 90% of the ex-showroom cost of car, repayment tenure up to 60 months, vehicles to be purchased for personal use only, two references to be provided in India, NRI applicant can appoint a resident Indian to hold power of attorney.

Car Loans to NRIs
Eligible applicants: salaried employees and self-employed individuals. Maximum loan up to 90% of the ex-showroom cost of car, repayment tenure up to 60 months, vehicles to be purchased for personal use only, two references to be provided in India, NRI applicant can appoint a resident Indian to hold power of attorney.

Account for students
NRI Easy rupee account for students. Low minimum balance, just Rs 1,000 opening, maintaining your NRI Easy rupee account for student is easier now. Free and easy money transfers, anytime, anywhere easy access and monitoring, attractive forex rates.





Helps you bank while being on the move 24/7
These schemes are provided by several MNC and Indian banks. For details, and for contacting relevant officers please write to sales@indiaempire.com
info@indiaempire.com or call 91.11.2923.1515 (10 A.M. - 6 P.M) Monday through Friday