Am I eligible?
Funding your account
Fees and Charges
Avail multiple benefits as a privileged HDFC customer
Nationwide Network of 1400+ Branches
Online Access to Your Account Through NetBanking
Quick, economical & convenient option to remit money to india
Repatriation and Mandate Facility
NRE/NRO Rupee And Foreign Currency Fixed Deposits
Online Investment in Mutual Funds In India
Attractive Rates On Home Loans In India.
The Non Resident External (NRE) Savings Account is meant for Indians residing abroad. It allows you to transfer foreign earnings easily to India, while ensuring that all your savings and the interest accrued on the savings will not be taxed.
Making your life easier, this account allows you to remit money easily - pay bills- and enjoy various benefits like NetBanking, PhoneBanking, an International Debit Card and lots more.
Tax Exemption under Section 6 & 10 of Income Tax.
Mandate holder facility
FREE Cash withdrawals from any Bank’s ATM in India. ^
Bill Payment Facility.
International Debit Card.
Phone Banking. Intercity Banking.
Safe deposits locker facility available
^ ATM Card will be issued to NRE Account in selected cities only
You are eligible only if you are a Non-Resident individual of Indian nationality
You are eligible only if you are a Non-Resident individual of Indian origin.
You can open an NRE Account with funds transferred from abroad in a freely convertible foreign
You could also open the account by tendering foreign currency notes/traveler's Cheque brought in by
you or another NRI during a visit to India.
You may also directly remit the amount to us.
You can also transfer funds from an existing NRE/FCNR Account held in other banks.
You need to maintain an Average Quarterly Balance of Rs.10,000/-. If you do not maintain this amount, you will be required to pay a fee of Rs.750 per quarter.
Funds Transfer charges
Above Rs.50, 000/ day - Rs.0.40 per Rs.1, 000/- or part thereof of the entire amount.
International Debit Card
Annual Fee: Rs.100/-
Issuance Charge: Rs.100/-
Transactions on VISA/PLUS ATM locations in India
Cash Withdrawal: Rs.55/-
Balance Inquiry: Rs.10/-
Transactions on VISA/PLUS ATM locations internationally
Cash Withdrawal: Rs.110/-
Balance Inquiry: Rs.10/-
Canara Bank Cash Withdrawals: Rs.100/-
In what currency is my NRE Savings Account maintained?
Your NRE Savings Account is maintained in Indian Rupees.
What is the Minimum Amount required to open an NRE Savings Account?
The minimum amount required to open an NRE Savings Account is INR 10,000 or its equivalent in foreign currency.
What is the frequency of interest payment on my NRE Savings Account?
The frequency of interest payment on your NRE Savings Account is Quarterly.
What do I get against my NRE Savings Account?
You will get a Cheque book and an International Debit Card against your NRE Savings Account.
Can I repatriate funds in my NRE Savings Account?
Yes. The Principal and interest earned on NRE Savings Account are fully repatriable.
Do I have to pay any taxes on the funds in my NRE Savings Account?
As per current guidelines, funds in NRE Savings Account are exempted from Income tax in India.
Can I transfer funds between two NRE Saving Accounts?
Yes. Transfer of funds from NRE Savings Account is allowed for bona fide personal purposes such as personal expenses, education of children, and gifts.
Can I transfer funds from my existing NRE Savings Accounts to open NRO/FCNR Accounts?
Yes. You can transfer funds from your existing NRE Savings Accounts to open NRO/FCNR Accounts.
If I am visiting India, can I use Travellers Cheque or Foreign Currency to open an account or credit my existing NRE Savings Account?
Travellers Cheque can be used to credit/open the account. NRIs bringing Foreign Currency Notes & Travellers Cheque will have to submit a Currency Declaration Form (CDF) to the customs authorities on arrival in India, if the foreign currency notes exceed USD 5,000/- or combined value of Travellers Cheque and notes exceed USD 10,000/-. You must produce the CDF for endorsement by the bank when you submit the money for opening/credit to an account.
Can I appoint a mandate holder for my NRE Savings Account?
Yes. You can appoint a mandate holder for your NRE Savings Account. You can also choose to provide the mandate holder with an ATM Card on your NRE Savings Account.
Can I have joint holders for my NRE Savings Account?
Yes. You can hold your NRE Savings Account jointly with other Non-Resident Indian(s).
Can I have a nominee for my NRE Savings Account?
Yes. You can have a nominee for the NRE Savings Account.
What are the Payment Services available for my NRE Savings Account?
With HDFC Bank's Payment Services, you can bid goodbye to queues and paper work. Our range of payment options makes it easy for you to pay for a variety of utilities and services.
How do I access my NRE Savings account while I am abroad?
You can access your NRE Savings Account through Net Banking & Phone Banking.
Net Banking : http://www.hdfcbank.com/nri/access/netbanking.htm
Phone Banking : http://www.hdfcbank.com/nri/access/phonebanking.htm
What are the fees and charges for the NRE Savings Account?
Please go to Fees and Charges to know more about fees and charges.
Fill this simple form to
open NRE Savings Account
Bosnia & Herzegovina
Botswana, Republic Of
Central African Republic
Ivory Coast (Cote D'Ivorie)
Papua New Guinea
Somalia Democratic Republic
St. Kitts/Navis Island
St. Pierre & Miqueliom
St. Tome & Princep
St. Vincent & The Grenadian
Trinidad & Tobago
Turks & Caicos Islands
Virgin Island (Bri)
Virgin Island (Usa)
Wallis & Futuna Island
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