Australia

What's in store for you

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Key Features & Benefits

Features of NRI Account

  • Discover the tailored features of your NRI Account, specifically designed for Indians living in Australia. 
  • Easily transfer funds from Australia to your NRI Account in India, ensuring smooth financial management across borders. 
  • Repatriate funds to Australia swiftly through your NRE Account, to enjoy flexibility and ease of transactions. 
  • Benefit from competitive interest rates on Fixed and Recurring Deposits with your NRI Account and earn excellent returns on your savings.
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Benefits of NRI Account 

  • Tax-Free Growth: Interest earned on NRE Savings Accounts is exempt from taxation in India, allowing your savings to grow without tax deductions. 
  • 24/7 Digital Access: Utilise HDFC Bank NetBanking and MobileBanking platforms for round-the-clock access to manage all your banking needs seamlessly. 
  • Convenient Account Management: Appoint a Resident Indian as a mandate holder to handle your account operations in India on your behalf. 
  • Global Shopping Benefits: Enjoy enhanced shopping experiences worldwide with the International Debit Card linked to your NRE Account.
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Application Process 

  • You can open an NRI Account for Indians in Australia online with HDFC Bank; follow the following steps: NRI-> SAVE-> NRI Accounts-> NRI Savings Accounts-> NRI Account for Indians in Australia.  You can click here to apply online.
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More About NRI Account for Indians in Australia

  • The NRI Account for Indians in Australia provides competitive interest rates on Fixed and Recurring Deposits, ensuring optimal returns on your savings. 

  • Effortlessly transfer funds from Australia to your NRI Account in India, and manage your finances seamlessly across borders. 

  • Repatriate funds back to Australia quickly through your NRE Account and leverage flexible and convenient financial transactions.

  • The interest earned on NRE Savings Accounts is exempt from taxation in India, making it ideal for tax-free savings.

  • Our digital services, including HDFC Bank NetBanking & MobileBanking, ensure round-the-clock access for all your banking needs. 

  • You can designate a Resident Indian as a mandate holder for your account operations in India. 

  • Enhance your shopping experience globally with the International Debit Card linked to your NRE Account.

Frequently Asked Questions

The minimum balance for an HDFC Bank NRE Account is ₹10,000 for metro/urban branches and ₹5,000 for semi-urban/rural branches.

You can click here to apply online and follow the instructions mentioned there. Here are the detailed steps to open an NRI Account for Indians in Australia with HDFC Bank, follow these steps:

  1. Visit the HDFC Bank Website

  2. Navigate to the NRI section

  3. Tap on SAVE and choose NRI Accounts

  4. Pick NRI Savings Accounts

  5. Select an NRI Account for Indians in Australia.

Yes, HDFC Bank allows the conversion of a Resident Account to an NRI Account when the account holder assumes NRI status.