Women Savings Account

What’s in store for you

Key Features of NRO Elite Savings Account

Account Benefits

  • The NRO Elite Savings Account represents a premium banking offering tailored for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). An excellent tool allowing NRIs and PIOs to manage their Indian income sources, the NRO Elite Account provides exclusive benefits and enhanced features designed to cater to the intricate financial requirements of discerning clients.

Get a complimentary RuPay Domestic Debit Card with your NRO Elite Savings Account, featuring withdrawal limits:

  • High Daily Domestic ATM withdrawal limit: ₹25,000

  • ATM withdrawal limit capped to ₹2 lakh/day for enhanced security.

  • Daily domestic shopping limits of ₹2.75 lakh.

Eligibility

Money Maximiser

  • Earn higher interest on idle funds with our Money Maximiser feature, automatically sweeping surplus funds into a Fixed Deposit.

  • If your Savings Account balance falls below the required amount, the Fixed Deposit will be dissolved, ensuring seamless transactions with our Sweep-In facility.

  • Click here to learn more about Money Maximiser.
Eligibility

Complimentary Insurance coverage

  • Personal Accidental Death/Permanent Disability Insurance coverage of ₹2 lakh is provided.

  • To be eligible to file a claim, you must conduct at least one POS transaction using the RuPay NRO Debit Card within 30 days before the claim event.

  • Fire and burglary protection up to ₹2,00,000 is also included for purchases made using the Debit Card (valid for up to six months).

  • Click here for more details about insurance coverage.
Features

Airport Lounge Access

  • Enjoy access to participating airport lounges twice per calendar quarter per card through the RuPay Premium Airport Lounge Access program.

  • Effective January 1st, 2024, complimentary lounge access is available upon spending ₹5,000 or more in the previous calendar quarter.

  • Explore domestic airport lounges here.
  • Read the terms and conditions here.
Depositing money to your account

Additional Benefits

  • Receive a personalised cheque book and RuPay Domestic Debit Card with your account.

  • Enjoy free instant SMS and email alerts and complimentary email statements.

  • Benefit from unlimited transactions (financial and non-financial) at any HDFC Bank ATM across India.

  • Avail waivers on PIS issuance charges and the first year of Demat AMC. 

  • Conduct online transactions for free via IMPS, NEFT, RTGS, and UPI.

  • No charges for cheque books

  • Issuance of manager's cheques/demand drafts up to ₹1,00,000 at no cost; above ₹1,00,000, a nominal charge of ₹5 per ₹1,000 on the entire amount applies.

Depositing money to your account

Ease of Accessibility

  • Manage transactions round the clock using HDFC Bank’s NetBanking platform.

  • Designate a Resident Indian as a mandate holder for your NRO Elite Savings Account with these simple steps:

  • Download and sign the Letter of Mandate form here.

  • Submit the mandate holder's photograph, valid photo ID proof, and address proof.

  • Ensure all documents are self-attested and submitted at any HDFC Bank branch in India. Both the account holder and mandate holder must be present during submission.

Depositing money to your account

Choose Benefits

  • Personalise your account number with the My Bank Account My Choice Facility.

  • Access Family Banking advantages via our HNW program.

  • Receive support from a Dedicated Relationship Manager with our HNW program.

Depositing money to your account

Fees & Charges

  • Account maintenance charges: AQB ₹1 Lakh or ₹5 Lakhs FD

  • All branches: 6% of the shortfall* from the average balance requirement OR ₹600/- whichever is lower *The charge is fixed at 6% on the difference between the average balance maintained (rounded off to the nearest hundred) and the Average Balance required. Note: Upper Cap for Non-Maintenance (AMB/AQB) - ₹600/-

  • Click here to know more about fees and charges.
Depositing money to your account

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.
Depositing money to your account

More About NRO Elite Savings Accounts

  • Daily domestic ATM withdrawal limit: ₹25,000

  • ATM withdrawal cap of ₹2 lakh/day for enhanced security

  • Daily domestic shopping limit of ₹2.75 lakh

  • Earn higher interest rates on idle funds with Money Maximiser, sweeping surplus funds into a Fixed Deposit 

  • Seamless transactions with Sweep-In facility, dissolving Fixed Deposits if Savings Account balance falls below the required amount

  • Access participating airport lounges twice per calendar quarter through the RuPay Premium Airport Lounge Access program

  • Get a personalised cheque book and RuPay Domestic Debit Card with your NRI Elite Savings Account

  • Enjoy free instant SMS and email alerts, and complimentary email statement services

  • Conduct unlimited financial and non-financial transactions at any HDFC Bank ATM across India

  • Get waivers on PIS issuance charges and the first year of Demat AMC.

  • You can open an NRO Elite Savings Account online with HDFC Bank by click here. Visit the HDFC Bank website, head to NRI-> SAVE-> NRI Accounts-> NRI Savings Accounts-> NRO Elite Savings Account.

Benefits Value
Preferential NR conversion rate*
(assuming FCY inward remittance of USD 10000 has been remitted and regular T.T. Buying (Inward rate) considered as 81.45 and NR conversion rate considered as 82.10).		 ₹6,500
PIS Issuance Charges on NRO PIS Account. ₹1,000
One-time Complimentary Pick up of Account Opening Request from Home country (applicable for non-face-to-face account openings for customers who have migrated abroad). ₹3,000
Waiver on RuPay Debit Card charges for the primary holder. ₹200 per year
Waiver on RuPay Debit Card charges for the secondary holder. ₹200 per year
Personal Accidental Death Cover of ₹2 lakh on your RuPay Debit Card*. ₹300 per year
Fire & Burglary Protection of ₹2,00,000 on your RuPay Debit Card*. ₹400 per year
Domestic Airport Lounge Access - 2 per quarter on RuPay Debit Card (assuming 4 usage per year). ₹6,000 per year
Waiver of Service Charges (insta alerts)
(assuming the customer initiates 500 transactions per year where an Insta alert via SMS is triggered).		 ₹100 per year
Waiver of Service Charges (cheque book)
(assuming the customer requires 2 cheque books per year).		 ₹100 per year
Waiver of Service Charges (AMC Waiver for 1st year on Demat). ₹750 per year
Waiver of Demand Drafts (assuming DD of ₹1 Lakh is issued). ₹500 per year
TOTAL SAVINGS ₹19,050
*Certain values mentioned above are arrived at based on assumptions of the amount/no of transactions.

Frequently Asked Questions

The NRO Elite Savings Account from HDFC Bank is a premium offering for NRIs. It boasts a host of curated features and facilities for account holders, including the services of a Dedicated Relationship Manager, a complimentary RuPay Domestic Debit Card, higher interest on idle funds, a sweep-in facility, complimentary insurance coverage, and access to airport lounges, along with cumulative savings and associated benefits worth ₹19,050.

Your NRO Account is filled with a host of advantages. While there are no disadvantages, it may entail certain limitations such as restrictions on freely repatriating funds to a foreign account (applicable only to NRE Accounts).

The minimum Average Quarterly Balance you need to maintain in the NRO Elite Savings Account is ₹1 lakh or ₹5 lakh FD.

You are eligible to apply for an NRO Elite Savings Account if you are a Non-Resident Individual of Indian nationality or a Person of Indian origin (PIO).

You must fill out the account opening form. To view the complete list of required documents, please click here.