More About NRO Elite Savings Accounts
What’s in store for you
Key Features of NRO Elite Savings Account
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Account Benefits
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Money Maximiser
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Complimentary Insurance coverage
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Airport Lounge Access
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Additional Benefits
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Ease of Accessibility
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Choose Benefits
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Fees & Charges
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Most Important Terms & Conditions
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).