Women Savings Account

Key Features of NRO Current Account

Account

  • Deposit Your Lawful Earnings
    Safely deposit your lawful earnings earned in India into a non-interest-bearing NRO Current Account, designed to meet your specific banking needs.
  • Utilise Funds for Local Needs
    Use the account balance for non-repatriable investments and local payments, ensuring seamless financial management within India.
  • Enjoy Convenient Account Access
    Access and manage your account anytime, anywhere, through secure and user-friendly banking channels.
Eligibility

Debit Card & Cheque book

  • Domestic Debit Card for Convenience
    Enjoy the benefits of a Domestic Debit Card linked to your NRO Current Account for hassle-free transactions.
  • Free ATM Card for Easy Access
    Avail a free ATM card for yourself and your mandate holder in India for quick and secure cash withdrawals.
  • Personalised Cheque Book
    Receive a personalised cheque book to manage your payments and financial transactions efficiently.
Eligibility

Deposit Options

  • To deposit money into your NRO Current Account, you can:

    • Transfer funds from abroad in a freely convertible foreign currency.

    • Present foreign currency notes/Travellers' cheques brought by you or another NRI during visits to India.

    • Transfer funds from your existing NRE/NRO Account held in other banks.

Deposit Options

Fees & Charges

The fees and charges of an HDFC Bank NRO Current Account are as follows:

  • AMB/AQB charges will be applied in the current month based on the AMB/AQB maintained in the account in the previous month.

  • Service/Transaction charges based on non - maintenance of AMB/AQB (as specified above) do not apply to Imperia, Preferred, Classic Programs & Corporate Salary and Super Saver Accounts

  • The PhoneBanking charges will apply on transaction that are available on the IVR but are done through the PhoneBanking Executive

  • All fees and charges, mentioned in the FEES & CHARGES SCHEDULE will attract GST @18% effective 01 July 2017.

  • The above-mentioned fees & charges are subject to change time to time. The bank reserves the right to make changes in the fees & services schedule.

Click here to view more details of the fees and charges.

Fees & Charges

Most Important Terms & Conditions

  • *The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Most Important Terms & Conditions

More About NRO Current Account

Multi-Currency Deposits: Hold funds in various foreign currencies, converted to INR.

Flexible Access: Operate the account from anywhere in the world. 

Cheque Book: Issue and receive payments via cheque. 

Online Banking: Access internet and mobile banking services.

Fund Transfers: Transfer funds within India and to other NRO accounts.

Interest Earnings: Earn interest on account balance.

Joint Account: Open the account jointly with another eligible individual. 

Nomination: Nominate a beneficiary for the account.

Manage Indian Income: Efficiently manage and repatriate Indian income. 

Tax Compliance: Easily pay local taxes on Indian earnings.

Comprehensive Services: Access loans, investments, and insurance. 

Global Access: Operate the account worldwide via online banking. 

Tailored Solutions: Receive customised banking solutions. 

24/7 Support: Enjoy round-the-clock customer service. 

Secure Transactions: Ensure safe and secure transactions. 

Easy Repatriation: Repatriate up to $1 million per financial year. 

You can open a NRO Current Account online with HDFC Bank by clicking here. You can take the following steps to navigate on the official HDFC Bank website: NRI-> SAVE-> NRI Accounts-> NRI Current Accounts-> NRO Current Account. 

Frequently Asked Questions

The HDFC Bank NRO Current Account is a non-interest-bearing account for NRIs to deposit their legitimate earnings earned in India. It offers a Domestic Debit Card, a personalised chequebook, and convenient banking through NetBanking. The account balance can be utilised for investments that cannot be repatriated and for making local payments within India.

You are eligible to open a NRO Current Account if you are an Indian citizen residing abroad or a Person of Indian Origin (PIO).

Click Here NRI Account opening form.

Click here for details on the documentation.