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With your residency status in India changing to NRI, your banking and investment needs will also change. Therefore, it is important to have the right Savings Account to manage your funds and get good returns. Opening an NRI Account is the next logical step, and we want to make that process easy for you. With our AU NRI Savings Account, you get to enjoy perks like complimentary Tax Advisory Services, high interest rates & monthly interest pay-outs
The AU NRI Account is not limited to only those moving abroad but extends to all existing non-resident Indians or Persons of Indian Origin & Overseas citizen of India. Depending on your banking needs, there are two types of NRI Savings Account to choose from:
We also offer NRE & NRO Non Interest-bearing accounts for our NRI customers.
If you hold both types of NRI Savings Account (NRO and NRE), you can transfer up to USD 1 million in a calendar year from an NRO to an NRE account. You can also transfer funds from one NRE account to other NRO and NRE Accounts in India.
Only foreign currency can be deposited in an NRE account, but it can be withdrawn in Indian Rupees. An NRE account facilitates the transfer of funds to a foreign account without restrictions. You can transfer foreign currency deposited and interest earned to your country of residence.
As far as NRO accounts are concerned, foreign and Indian currency can be deposited, but you can only withdraw in Indian Rupees.
* Terms and Conditions apply. Rates are subject to change at the sole discretion of AU Small Finance Bank.