NRI Savings Account is an interest bearing checking account where the balances are held in Indian Rupees.
There are two types of NRI Savings Account: Non Resident External and Non Resident Ordinary.
Citibank offers two packages - Preferred or Citigold, based on the relationship balance maintained in the accounts.
Features and Benefits:
- Interest bearing Savings Account*
- Zero charge funds transfers and bill pay options
- Zero charge international wire remittance facilities
- Cheque Book at no charge
- 24/7 Access
- 24/7 Online and Mobile Banking
- Online Phone Banking
- Debit Card with global access - access your account at ATMs or for paying for purchases at Mastercard® merchant establishments anywhere in the world. Know more
- Exciting Privileges and Offers
|Non Resident External (NRE) Account||Non Resident Ordinary (NRO) Account|
|Who can open an account||
|Funds Transfer||Funds can be transferred from overseas or any other NRE/FCNR account with any bank in India.||Funds can be transferred from overseas/domestic bank account in India**/NRE/NRO/FCNR account with any bank in India.|
|Who can be a joint holder||With two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder.||With two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder.|
|Currency||Indian Rupees(INR)||Indian Rupees(INR)|
|Interest Rate||Calculated on daily balances and paid quarterly||Calculated on daily balances and paid quarterly|
|Repatriation||Principal and interest are fully repatriable.||Only interest is fully repatriable after tax deduction.|
|Not repatriable except for all current income. Balances are remittable up to USD 1 (one) million per financial year (April-March) along with their other eligible assets.|
* Please check the Rupee Checking Account rate schedule for the latest interest rates.
** subject to account terms and conditions
Depending on the amounts being deposited, we may require your ID copies, PAN Card and (or) a letter confirming the source of funds for large cash deposits to your Non Resident External Account/Non Resident Ordinary Account.
Citibank India does not market any product or service to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, and The Isle of Man. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, and The Isle of Man.