NRI Banking


e-transfer (Direct Debit - ACH based)
e-Transfer (ACH) is a completely online and paperless remittance service which helps you directly transfer funds from your existing bank account in the US into bank accounts with over 100 banks in India and into VISA card accounts in India. It uses the ACH (automated clearing house/e-transfer) facility in the US that has a network of over 20,000 banks you do not have to open an account with them. Easy money transfers, electronic transfers into accounts with over 100 other banks in India, electronic transfers into any Visa Debit/ Credit card account in India, demand drafts issued and payable at over 2500 locations in India. No branch visits, no paperwork required, customise your account for automatic periodic transfer of funds, state of the art security system, superior exchange rates. Charges: $2 (inclusive of service tax @10.3 per cent) for amounts of $1000 or below. No $ charge for larger amounts.
Foreign currency conversion charge of Rs 25 (inclusive of service tax) will be levied on every remittance request where foreign currency conversion is carried out on or after May 16, 2008. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of $1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount.

NRO Savings Account
Many non-resident Indians earn income in India through rent, dividends, pension and so on. For them, an NRO Savings Account allows them to conveniently deposit and manage local rupee funds is an ideal choice. Free money transfers at competitive exchange rates. Free Internet banking, offering 24-hour access to your account and online utility bill payment. Interest earned on funds held in an NRO Savings Account is repatriable (after deducting tax). Access your money at 2250 ATMs in India and more than 640 branches.

NRO Fixed Account
NRO fixed deposits are an excellent option for NRIs who want to earn steady returns on their funds generated in India through income from rent, dividends, Indian salary, pension and so on. Open an NRO fixed deposit (FD) account with as low as Rs 25,000, loans of up to 90 per cent of your deposit at attractive interest rates. Electronic Deposit Confirmation Advise (E- DCA) on your e-mail ID within one working day (if you have subscribed for account statement via e-mail). Competitive exchange rates on conversion of your foreign currency into rupees. Tenure of 15 days to 10 years, automatic renewal of your deposits.
FCNR Fixed Account 
FCNR fixed deposits enable NRIs to earn good returns on their foreign currency earnings. FCNR fxed deposits come with a wide range of powerful benefits. Maintain account in a choice of 6 currencies: US$, , EUR, JPY, CA$ and AU$. Loans of up to 85 per cent of your deposit at attractive interest rates (maximum Rs 20 lakh). Tenures ranging from 1 to 5 years. Electronic Deposit Confirmation Advise (E- DCA) on your e-mail ID within one working day (if you have subscribed for account statement via e-mail). Open an account with as low an amount as $1000, 1000, EUR 1000 and JPY 200,000, CA$ 2000 and AU$ 2000. Automatic renewal of your deposit on maturity. Principal amount and interest earned is fully repatriable.

NRI Edge
NRI Edge is new premium banking product for NRIs from across the world. Equipped with premium Platinum debit card, a dedicated 24x7 phone banking team and exclusive investment options. Free international Platinum ATM-cum-debit card with customisable cash withdrawal and spend limits. Enjoy limits of up to Rs 100,000 for cash withdrawal and Rs 200,000 for POS. Insurance benefits on your NRI Edge account, which include:
Personal air-accident coverage worth Rs 10,000,000, coverage against loss of passport or baggage in India, coverage against hospitalisation from accident in India, worth Rs 100,000, coverage for emergency travel to India. Free multi-city cheque-book facility, free demand drafts and pay orders. Exclusive discount on purchase of pure gold from the bank.

NRE Recurring Account 
NRE Recurring Deposit is an ideal way for NRIs to make large savings by putting aside small sums every month. Easy monthly installments: from Rs 5000 to Rs 100,000 in multiples of Rs 1000, funds fully repatriable, easy funding of account: transfer funds every month from your NRE Savings Account. Free Internet banking for 24-hour access to your account, competitive exchange rates on conversion of your foreign currency into rupees..

These schemes are provided by several MNC and Indian banks. For details, and for contacting relevant officers please write to, 
or call 91.11.2923.1515 (10 AM-6 PM) Monday through Friday