NRE Savings Account Eligibility
HDFC Bank offers NRE Savings Accounts to Non-Resident Individuals who are of Indian nationality or Indian origin.
Introduction
Deposit Foreign Earnings in IndiaThe HDFC Bank NRE Savings Account is designed for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), holding a valid Indian passport and visa. Enjoy effortless banking while adhering to the Reserve Bank of India's eligibility criteria.
NRE Savings Account Eligibility
HDFC Bank offers NRE Savings Accounts to Non-Resident Individuals who are of Indian nationality or Indian origin.
If you are a Non-Resident Individual of Indian nationality or Indian origin, you can apply for an NRE Savings Account with HDFC Bank. An NRE Savings Account is a rupee-denominated account that allows you to park your foreign earnings and earn tax-free interest. The deposited sums and interest accrued on the deposits is also fully repatriable.
Yes, you can apply for the NRE Savings Account online through the HDFC Bank website. This involves filling out the online application form and uploading the required KYC documents. The NRE Savings Account offers features like free fund transfers, tax-free interest earnings, international Debit Card, and the ability to appoint a Resident Indian as a mandate holder to operate the account on your behalf
Yes, they can. However, accounts for minors should be opened by their natural guardian or a guardian appointed by a court of competent jurisdiction. Additionally, the guardian must represent the minor in all transactions related to their account until the minor turns 18 or reaches adulthood. Once the minor turns 18, the guardian's right to operate their account ceases.